MTUAY vs. SGOV
MTUAY (MTU Aero Engines AG) 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, MTUAY returned 7.83%/yr vs 3.54%/yr for SGOV. At a 0.00 correlation, their price movements are largely independent.
Performance
MTUAY vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, MTUAY achieves a -15.15% return, which is significantly lower than SGOV's 1.52% return.
MTUAY
- 1D
- 2.50%
- 1M
- 5.47%
- YTD
- -15.15%
- 6M
- -13.01%
- 1Y
- -13.93%
- 3Y*
- 15.45%
- 5Y*
- 7.83%
- 10Y*
- 15.43%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
MTUAY vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MTUAY MTU Aero Engines AG | -15.15% | 26.67% | 54.85% | 1.39% | 7.65% | -21.51% | 55.54% |
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 MTUAY and SGOV is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
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 | 0.00 |
The correlation between MTUAY and SGOV shifts across timeframes, from -0.14 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MTUAY vs. SGOV — Risk / Return Rank
MTUAY
SGOV
MTUAY vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MTU Aero Engines AG (MTUAY) 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.
| MTUAY | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.69 | ||
| Sortino ratioReturn per unit of downside risk | -276.09 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 195.55 | -194.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 398.20 | -398.63 |
| Martin ratioReturn relative to average drawdown | -1.05 | 4,462.00 | -4,463.05 |
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
| MTUAY | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 20.28 | -20.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 14.74 | -14.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 12.49 | -11.95 |
Drawdowns
MTUAY vs. SGOV - Drawdown Comparison
The maximum MTUAY drawdown since its inception was -64.31%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MTUAY and SGOV.
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Drawdown Indicators
| MTUAY | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.31% | -0.03% | -64.28% |
Max Drawdown (1Y)Largest decline over 1 year | -32.62% | -0.01% | -32.61% |
Max Drawdown (3Y)Largest decline over 3 years | -34.69% | -0.01% | -34.68% |
Max Drawdown (5Y)Largest decline over 5 years | -43.53% | -0.03% | -43.50% |
Max Drawdown (10Y)Largest decline over 10 years | -64.31% | — | — |
Current DrawdownCurrent decline from peak | -25.64% | 0.00% | -25.64% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -0.00% | -12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.34% | 0.00% | +13.34% |
Volatility
MTUAY vs. SGOV - Volatility Comparison
MTU Aero Engines AG (MTUAY) has a higher volatility of 15.08% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that MTUAY'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
| MTUAY | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.08% | 0.05% | +15.03% |
Volatility (6M)Calculated over the trailing 6-month period | 28.18% | 0.13% | +28.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.57% | 0.20% | +33.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.25% | 0.24% | +32.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 0.24% | +35.41% |
Dividends
MTUAY vs. SGOV - Dividend Comparison
MTUAY's dividend yield for the trailing twelve months is around 1.21%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MTUAY MTU Aero Engines AG | 1.21% | 0.60% | 0.66% | 1.63% | 1.07% | 0.73% | 1.02% | 0.79% | 1.11% | 1.85% | 2.87% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MTUAY and SGOV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUAY has higher volatility (15.08%) compared to SGOV (0.05%). In terms of maximum drawdown, MTUAY dropped -64.31% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.42), 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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