NTES vs. SGOV
NTES (NetEase, 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, NTES returned 3.48%/yr vs 3.54%/yr for SGOV. At a 0.00 correlation, their price movements are largely independent.
Performance
NTES vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, NTES achieves a -10.00% return, which is significantly lower than SGOV's 1.51% return.
NTES
- 1D
- -1.69%
- 1M
- 5.50%
- YTD
- -10.00%
- 6M
- -11.75%
- 1Y
- -0.92%
- 3Y*
- 15.18%
- 5Y*
- 3.48%
- 10Y*
- 15.33%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
NTES vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NTES NetEase, Inc. | -10.00% | 58.28% | -1.73% | 30.59% | -27.35% | 7.11% | 31.77% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between NTES and SGOV is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.00 |
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Return for Risk
NTES vs. SGOV — Risk / Return Rank
NTES
SGOV
NTES vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NetEase, Inc. (NTES) 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.
| NTES | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.31 | ||
| Sortino ratioReturn per unit of downside risk | -275.52 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 195.55 | -194.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 398.20 | -398.23 |
| Martin ratioReturn relative to average drawdown | -0.06 | 4,462.00 | -4,462.06 |
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
| NTES | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 20.28 | -20.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 14.73 | -14.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 12.48 | -12.05 |
Drawdowns
NTES vs. SGOV - Drawdown Comparison
The maximum NTES drawdown since its inception was -96.41%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for NTES and SGOV.
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Drawdown Indicators
| NTES | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.41% | -0.03% | -96.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.46% | -0.01% | -30.45% |
Max Drawdown (3Y)Largest decline over 3 years | -33.97% | -0.01% | -33.96% |
Max Drawdown (5Y)Largest decline over 5 years | -51.38% | -0.03% | -51.35% |
Max Drawdown (10Y)Largest decline over 10 years | -57.34% | — | — |
Current DrawdownCurrent decline from peak | -21.95% | 0.00% | -21.95% |
Average DrawdownAverage peak-to-trough decline | -24.59% | -0.00% | -24.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.80% | 0.00% | +16.80% |
Volatility
NTES vs. SGOV - Volatility Comparison
NetEase, Inc. (NTES) has a higher volatility of 9.29% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that NTES'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
| NTES | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 0.05% | +9.24% |
Volatility (6M)Calculated over the trailing 6-month period | 20.57% | 0.13% | +20.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.21% | 0.20% | +29.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.67% | 0.24% | +43.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.83% | 0.24% | +41.59% |
Dividends
NTES vs. SGOV - Dividend Comparison
NTES's dividend yield for the trailing twelve months is around 1.88%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTES NetEase, Inc. | 1.88% | 2.21% | 2.74% | 1.88% | 2.10% | 0.80% | 0.97% | 3.19% | 0.71% | 1.05% | 1.36% | 0.98% |
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% | 0.00% |
Frequently Asked Questions
NTES and SGOV have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTES has higher volatility (9.29%) compared to SGOV (0.05%). In terms of maximum drawdown, NTES dropped -96.41% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.03), 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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