ISRG vs. SGOV
ISRG (Intuitive Surgical, Inc.) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, ISRG returned 7.37%/yr vs 3.56%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions.
Performance
ISRG vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, ISRG achieves a -27.42% return, which is significantly lower than SGOV's 1.61% return.
ISRG
- 1D
- -0.45%
- 1M
- -4.91%
- YTD
- -27.42%
- 6M
- -24.20%
- 1Y
- -19.87%
- 3Y*
- 9.23%
- 5Y*
- 7.37%
- 10Y*
- 19.09%
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
ISRG vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -27.42% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 44.87% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between ISRG and SGOV is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.02 |
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Return for Risk
ISRG vs. SGOV — Risk / Return Rank
ISRG
SGOV
ISRG vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) and iShares 0-3 Month Treasury Bond ETF (SGOV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISRG | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.93 | ||
| Sortino ratioReturn per unit of downside risk | -276.55 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 195.55 | -194.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 398.20 | -398.82 |
| Martin ratioReturn relative to average drawdown | -1.24 | 4,461.98 | -4,463.22 |
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Drawdowns
ISRG vs. SGOV - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ISRG and SGOV.
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Drawdown Indicators
| ISRG | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -0.03% | -82.23% |
Max Drawdown (1Y)Largest decline over 1 year | -32.14% | -0.01% | -32.13% |
Max Drawdown (3Y)Largest decline over 3 years | -34.10% | -0.01% | -34.09% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -0.03% | -49.87% |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | — | — |
Current DrawdownCurrent decline from peak | -32.66% | 0.00% | -32.66% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -0.00% | -21.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 0.00% | +16.00% |
Volatility
ISRG vs. SGOV - Volatility Comparison
Intuitive Surgical, Inc. (ISRG) has a higher volatility of 9.70% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that ISRG's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISRG | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 0.05% | +9.65% |
Volatility (6M)Calculated over the trailing 6-month period | 20.72% | 0.13% | +20.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 0.20% | +30.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.19% | 0.24% | +32.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.40% | 0.24% | +32.16% |
Dividends
ISRG vs. SGOV - Dividend Comparison
ISRG has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
ISRG and SGOV have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (9.70%) compared to SGOV (0.05%). In terms of maximum drawdown, ISRG dropped -82.26% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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