NIKL vs. GOVZ
Compare and contrast key facts about Sprott Nickel Miners ETF (NIKL) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ).
NIKL and GOVZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NIKL is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross. It was launched on Mar 21, 2023. 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. Both NIKL and GOVZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NIKL or GOVZ.
Performance
NIKL vs. GOVZ - Performance Comparison
Returns By Period
In the year-to-date period, NIKL achieves a -15.20% return, which is significantly lower than GOVZ's -12.56% return.
NIKL
-15.20%
-8.49%
-25.08%
-18.99%
N/A
N/A
GOVZ
-12.56%
-5.63%
-0.50%
1.49%
N/A
N/A
Key characteristics
| NIKL | GOVZ | |
|---|---|---|
| Sharpe Ratio | -0.66 | 0.10 |
| Sortino Ratio | -0.85 | 0.31 |
| Omega Ratio | 0.91 | 1.03 |
| Calmar Ratio | -0.45 | 0.04 |
| Martin Ratio | -1.08 | 0.23 |
| Ulcer Index | 16.70% | 10.30% |
| Daily Std Dev | 27.22% | 22.94% |
| Max Drawdown | -40.28% | -59.65% |
| Current Drawdown | -37.39% | -53.28% |
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NIKL vs. GOVZ - Expense Ratio Comparison
NIKL has a 0.75% expense ratio, which is higher than GOVZ's 0.15% expense ratio.
Correlation
The correlation between NIKL and GOVZ is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
NIKL vs. GOVZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) 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
NIKL vs. GOVZ - Dividend Comparison
NIKL's dividend yield for the trailing twelve months is around 23.01%, more than GOVZ's 4.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
NIKL Sprott Nickel Miners ETF | 23.01% | 19.51% | 0.00% | 0.00% | 0.00% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 4.44% | 3.85% | 3.70% | 1.76% | 0.39% |
Drawdowns
NIKL vs. GOVZ - Drawdown Comparison
The maximum NIKL drawdown since its inception was -40.28%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for NIKL and GOVZ. For additional features, visit the drawdowns tool.
Volatility
NIKL vs. GOVZ - Volatility Comparison
The current volatility for Sprott Nickel Miners ETF (NIKL) is 6.56%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 8.24%. This indicates that NIKL 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.