KORP vs. GOVZ
Compare and contrast key facts about American Century Diversified Corporate Bond ETF (KORP) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ).
KORP and GOVZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KORP is an actively managed fund by American Century Investments. It was launched on Jan 11, 2018. GOVZ is a passively managed fund by iShares that tracks the performance of the ICE BofA Long US Treasury Principal STRIPS Index. It was launched on Sep 22, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KORP or GOVZ.
Correlation
The correlation between KORP and GOVZ is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KORP vs. GOVZ - Performance Comparison
Key characteristics
KORP:
0.50
GOVZ:
-0.71
KORP:
0.75
GOVZ:
-0.89
KORP:
1.09
GOVZ:
0.90
KORP:
0.39
GOVZ:
-0.28
KORP:
1.58
GOVZ:
-1.60
KORP:
1.73%
GOVZ:
10.00%
KORP:
5.43%
GOVZ:
22.50%
KORP:
-14.90%
GOVZ:
-59.65%
KORP:
-4.85%
GOVZ:
-57.14%
Returns By Period
In the year-to-date period, KORP achieves a -1.28% return, which is significantly higher than GOVZ's -4.25% return.
KORP
-1.28%
-2.36%
-0.44%
2.48%
0.96%
N/A
GOVZ
-4.25%
-12.31%
-13.51%
-15.54%
N/A
N/A
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KORP vs. GOVZ - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is higher than GOVZ's 0.15% expense ratio.
Risk-Adjusted Performance
KORP vs. GOVZ — Risk-Adjusted Performance Rank
KORP
GOVZ
KORP vs. GOVZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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.
Dividends
KORP vs. GOVZ - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 5.15%, more than GOVZ's 4.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | 5.15% | 5.09% | 4.43% | 2.89% | 1.86% | 3.22% | 3.19% | 3.26% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 4.88% | 4.68% | 3.85% | 3.70% | 1.76% | 0.39% | 0.00% | 0.00% |
Drawdowns
KORP vs. GOVZ - Drawdown Comparison
The maximum KORP drawdown since its inception was -14.90%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for KORP and GOVZ. For additional features, visit the drawdowns tool.
Volatility
KORP vs. GOVZ - Volatility Comparison
The current volatility for American Century Diversified Corporate Bond ETF (KORP) is 1.56%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 6.45%. This indicates that KORP experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.