NGVC vs. ICSH
NGVC (Natural Grocers by Vitamin Cottage, Inc.) is a stock, while ICSH (iShares Ultra Short Duration Bond Active ETF) is Ultrashort Bond fund actively managed by iShares. Over the past 10 years, NGVC returned 13.82%/yr vs 2.80%/yr for ICSH. Their 0.02 correlation means their historical movements had little consistent relationship.
Performance
NGVC vs. ICSH - Performance Comparison
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Returns By Period
In the year-to-date period, NGVC achieves a 31.40% return, which is significantly higher than ICSH's 2.11% return. Over the past 10 years, NGVC has outperformed ICSH with an annualized return of 13.82%, while ICSH has yielded a comparatively lower 2.80% annualized return.
NGVC
- 1D
- -1.99%
- 1M
- -0.12%
- 6M
- 18.96%
- YTD
- 31.40%
- 1Y
- -11.09%
- 3Y*
- 41.02%
- 5Y*
- 28.03%
- 10Y*
- 13.82%
- ALL TIME*
- 6.93%
ICSH
- 1D
- 0.04%
- 1M
- 0.35%
- 6M
- 1.74%
- YTD
- 2.11%
- 1Y
- 4.03%
- 3Y*
- 5.06%
- 5Y*
- 3.80%
- 10Y*
- 2.80%
- ALL TIME*
- 2.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $96.10M | $87.63M | $75.88M | |
| $3.40M | $3.32M | $3.93M |
NGVC vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGVC Natural Grocers by Vitamin Cottage, Inc. | 31.40% | -36.07% | 152.51% | 91.83% | -34.02% | 6.24% | 62.34% | -35.12% | 71.67% | -24.89% |
ICSH iShares Ultra Short Duration Bond Active ETF | 2.11% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
Correlation
The correlation between NGVC and ICSH is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013 | 0.02 |
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Return for Risk
NGVC vs. ICSH — Risk / Return Rank
NGVC
ICSH
NGVC vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natural Grocers by Vitamin Cottage, Inc. (NGVC) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.
| NGVC | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.17 | ||
| Sortino ratioReturn per unit of downside risk | -21.40 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 5.14 | -4.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 40.98 | -41.25 |
| Martin ratioReturn relative to average drawdown | -0.41 | 221.47 | -221.88 |
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Drawdowns
NGVC vs. ICSH - Drawdown Comparison
The maximum NGVC drawdown since its inception was -89.04%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for NGVC and ICSH.
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Drawdown Indicators
| NGVC | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.04% | -3.94% | -85.10% |
Max Drawdown (1Y)Largest decline over 1 year | -41.80% | -0.10% | -41.70% |
Max Drawdown (3Y)Largest decline over 3 years | -59.87% | -0.10% | -59.77% |
Max Drawdown (5Y)Largest decline over 5 years | -63.34% | -0.73% | -62.61% |
Max Drawdown (10Y)Largest decline over 10 years | -73.77% | -3.94% | -69.83% |
Current DrawdownCurrent decline from peak | -44.30% | 0.00% | -44.30% |
Average DrawdownAverage peak-to-trough decline | -52.49% | -0.08% | -52.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 0.02% | +27.38% |
Volatility
NGVC vs. ICSH - Volatility Comparison
Natural Grocers by Vitamin Cottage, Inc. (NGVC) has a higher volatility of 12.39% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.13%. This indicates that NGVC's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGVC | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.39% | 0.13% | +12.26% |
Volatility (6M)Calculated over the trailing 6-month period | 26.08% | 0.34% | +25.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.93% | 0.41% | +39.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.23% | 0.49% | +47.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.71% | 1.05% | +54.66% |
Dividends
NGVC vs. ICSH - Dividend Comparison
NGVC's dividend yield for the trailing twelve months is around 1.75%, less than ICSH's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 4.20% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
NGVC Natural Grocers by Vitamin Cottage, Inc. | 1.75% | 2.04% | 1.06% | 8.75% | 4.38% | 2.18% | 16.59% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NGVC and ICSH have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NGVC has higher volatility (12.39%) compared to ICSH (0.13%). In terms of maximum drawdown, NGVC dropped -89.04% vs ICSH's -3.94%.
ICSH currently has the higher Sharpe Ratio (9.89 vs -0.28), 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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