LNW vs. SGOV
LNW (Light & Wonder 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, LNW returned 3.22%/yr vs 3.54%/yr for SGOV. At a correlation of -0.04, they often move in opposite directions.
Performance
LNW vs. SGOV - Performance Comparison
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Returns By Period
LNW
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -0.44%
- 3Y*
- 11.45%
- 5Y*
- 3.22%
- 10Y*
- 23.81%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
LNW vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LNW Light & Wonder Inc | 0.00% | -0.19% | 5.20% | 40.12% | -12.31% | 61.07% | 162.26% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between LNW and SGOV is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.04 |
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Return for Risk
LNW vs. SGOV — Risk / Return Rank
LNW
SGOV
LNW vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Light & Wonder Inc (LNW) 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.
| LNW | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.29 | ||
| Sortino ratioReturn per unit of downside risk | -275.46 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 195.55 | -194.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 398.20 | -398.22 |
| Martin ratioReturn relative to average drawdown | -0.04 | 4,462.00 | -4,462.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LNW | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 20.28 | -20.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 14.74 | -14.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 12.49 | -12.34 |
Drawdowns
LNW vs. SGOV - Drawdown Comparison
The maximum LNW drawdown since its inception was -96.51%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for LNW and SGOV.
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Drawdown Indicators
| LNW | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.51% | -0.03% | -96.48% |
Max Drawdown (1Y)Largest decline over 1 year | -29.37% | -0.01% | -29.36% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -0.01% | -36.62% |
Max Drawdown (5Y)Largest decline over 5 years | -53.82% | -0.03% | -53.79% |
Max Drawdown (10Y)Largest decline over 10 years | -93.41% | — | — |
Current DrawdownCurrent decline from peak | -23.48% | 0.00% | -23.48% |
Average DrawdownAverage peak-to-trough decline | -53.14% | -0.00% | -53.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 0.00% | +19.64% |
Volatility
LNW vs. SGOV - Volatility Comparison
The current volatility for Light & Wonder Inc (LNW) is 0.00%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.05%. This indicates that LNW experiences smaller price fluctuations and is considered to be less risky 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
| LNW | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.05% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.69% | 0.13% | +16.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.76% | 0.20% | +34.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.49% | 0.24% | +42.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.44% | 0.24% | +61.20% |
Dividends
LNW vs. SGOV - Dividend Comparison
LNW has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LNW Light & Wonder Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
LNW and SGOV have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGOV has higher volatility (0.05%) compared to LNW (0.00%). In terms of maximum drawdown, LNW dropped -96.51% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.02), 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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