KORP vs. GOVZ
KORP (American Century Diversified Corporate Bond ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both exchange-traded funds - KORP is a Corporate Bonds fund actively managed by American Century, while GOVZ is a Government Bonds fund tracking the ICE BofA Long US Treasury Principal STRIPS Index. KORP is actively managed, while GOVZ is passively managed. Over the past 5 years, KORP returned 1.29%/yr vs -14.32%/yr for GOVZ. Their 0.75 correlation means they have sometimes moved together and sometimes differently. KORP charges 0.29%/yr vs 0.15%/yr for GOVZ.
Performance
KORP vs. GOVZ - Performance Comparison
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Returns By Period
In the year-to-date period, KORP achieves a -0.47% return, which is significantly higher than GOVZ's -6.93% return.
KORP
- 1D
- -0.13%
- 1M
- -1.73%
- 6M
- -0.90%
- YTD
- -0.47%
- 1Y
- 2.17%
- 3Y*
- 5.42%
- 5Y*
- 1.29%
- 10Y*
- —
- ALL TIME*
- 2.63%
GOVZ
- 1D
- -1.06%
- 1M
- -6.91%
- 6M
- -6.43%
- YTD
- -6.93%
- 1Y
- -7.36%
- 3Y*
- -8.06%
- 5Y*
- -14.32%
- 10Y*
- —
- ALL TIME*
- -14.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.61M | $6.41M | $8.12M | |
| $4.70M | $4.70M | $4.63M |
KORP vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | -0.47% | 8.14% | 3.82% | 7.40% | -10.04% | -0.55% | 2.50% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -6.93% | -1.81% | -16.24% | 0.90% | -41.03% | -4.86% | -5.61% |
Correlation
The correlation between KORP and GOVZ is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.75 |
The correlation between KORP and GOVZ has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
KORP vs. GOVZ — Risk / Return Rank
KORP
GOVZ
KORP vs. GOVZ - Risk-Adjusted Trends 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.
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.
| KORP | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.95 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | -0.40 | +1.32 |
| Martin ratioReturn relative to average drawdown | 2.74 | -0.81 | +3.55 |
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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.
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Drawdown Indicators
| KORP | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.90% | -59.65% | +44.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -14.87% | +11.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.04% | -26.42% | +21.38% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -57.63% | +42.81% |
Current DrawdownCurrent decline from peak | -2.21% | -59.10% | +56.89% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -40.34% | +37.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 7.27% | -6.19% |
Volatility
KORP vs. GOVZ - Volatility Comparison
The current volatility for American Century Diversified Corporate Bond ETF (KORP) is 1.10%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 4.48%. 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.
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Volatility by Period
| KORP | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 4.48% | -3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 11.11% | -7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 15.58% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 23.80% | -18.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 23.18% | -18.28% |
KORP vs. GOVZ - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is higher than GOVZ's 0.15% expense ratio.
Dividends
KORP vs. GOVZ - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 5.20%, less than GOVZ's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.06% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% | 0.00% | 0.00% |
KORP American Century Diversified Corporate Bond ETF | 4.74% | 4.98% | 5.08% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 2.97% |
Frequently Asked Questions
KORP and GOVZ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOVZ has higher volatility (4.48%) compared to KORP (1.10%). In terms of maximum drawdown, KORP dropped -14.90% vs GOVZ's -59.65%.
On 5-year performance, KORP leads with 1.29% vs -14.32% for GOVZ. On fees, GOVZ is cheaper at 0.15% per year. On volatility, KORP has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KORP has performed better with a 1.29% return vs -14.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOVZ is cheaper with a 0.15% expense ratio, compared with 0.29% for KORP.
GOVZ has the higher dividend yield at 5.06%, compared with 4.74% for KORP.
KORP is categorized as Corporate Bonds, while GOVZ is Government Bonds. They also come from different issuers: American Century and iShares. Their fees differ too: 0.29% for KORP and 0.15% for GOVZ.
KORP currently has the higher Sharpe Ratio (0.69 vs -0.38), 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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