NWG vs. GOVT
NWG (NatWest Group plc) is a stock, while GOVT (iShares U.S. Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury Core Bond Index. Over the past 10 years, NWG returned 15.97%/yr vs 0.79%/yr for GOVT. At a correlation of -0.18, they often move in opposite directions.
Performance
NWG vs. GOVT - Performance Comparison
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Returns By Period
In the year-to-date period, NWG achieves a -5.18% return, which is significantly lower than GOVT's -0.44% return. Over the past 10 years, NWG has outperformed GOVT with an annualized return of 15.97%, while GOVT has yielded a comparatively lower 0.79% annualized return.
NWG
- 1D
- 0.76%
- 1M
- 0.51%
- YTD
- -5.18%
- 6M
- 0.44%
- 1Y
- 17.10%
- 3Y*
- 43.71%
- 5Y*
- 30.30%
- 10Y*
- 15.97%
GOVT
- 1D
- -0.11%
- 1M
- -0.70%
- YTD
- -0.44%
- 6M
- -0.15%
- 1Y
- 3.62%
- 3Y*
- 2.77%
- 5Y*
- -0.59%
- 10Y*
- 0.79%
NWG vs. GOVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWG NatWest Group plc | -5.18% | 81.29% | 92.31% | -4.69% | 11.23% | 39.24% | -24.92% | 29.18% | -26.25% | 38.16% |
GOVT iShares U.S. Treasury Bond ETF | -0.44% | 3.77% | 2.95% | 4.17% | -13.39% | -1.11% | 7.28% | 7.36% | 0.26% | 2.19% |
Correlation
The correlation between NWG and GOVT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | -0.18 |
The correlation between NWG and GOVT shifts across timeframes, from -0.18 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NWG vs. GOVT — Risk / Return Rank
NWG
GOVT
NWG vs. GOVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NatWest Group plc (NWG) and iShares U.S. Treasury Bond ETF (GOVT). 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.
| NWG | GOVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.27 | -0.56 |
| Martin ratioReturn relative to average drawdown | 1.80 | 3.66 | -1.86 |
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
| NWG | GOVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.02 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | -0.10 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.15 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.25 | -0.36 |
Drawdowns
NWG vs. GOVT - Drawdown Comparison
The maximum NWG drawdown since its inception was -96.96%, which is greater than GOVT's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for NWG and GOVT.
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Drawdown Indicators
| NWG | GOVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.96% | -19.07% | -77.89% |
Max Drawdown (1Y)Largest decline over 1 year | -24.03% | -2.85% | -21.18% |
Max Drawdown (3Y)Largest decline over 3 years | -34.62% | -5.43% | -29.19% |
Max Drawdown (5Y)Largest decline over 5 years | -40.56% | -16.60% | -23.96% |
Max Drawdown (10Y)Largest decline over 10 years | -67.34% | -19.07% | -48.27% |
Current DrawdownCurrent decline from peak | -71.45% | -7.48% | -63.97% |
Average DrawdownAverage peak-to-trough decline | -86.22% | -5.25% | -80.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 0.99% | +8.61% |
Volatility
NWG vs. GOVT - Volatility Comparison
NatWest Group plc (NWG) has a higher volatility of 8.65% compared to iShares U.S. Treasury Bond ETF (GOVT) at 1.05%. This indicates that NWG's price experiences larger fluctuations and is considered to be riskier than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWG | GOVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 1.05% | +7.60% |
Volatility (6M)Calculated over the trailing 6-month period | 23.92% | 2.53% | +21.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.41% | 3.56% | +27.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.53% | 6.04% | +27.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.32% | 5.23% | +33.09% |
Dividends
NWG vs. GOVT - Dividend Comparison
NWG's dividend yield for the trailing twelve months is around 5.51%, more than GOVT's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | 3.60% | 3.49% | 3.14% | 2.65% | 1.77% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% |
NWG NatWest Group plc | 5.51% | 3.69% | 4.36% | 9.42% | 11.57% | 2.74% | 4.59% | 9.75% | 0.91% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NWG and GOVT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWG has higher volatility (8.65%) compared to GOVT (1.05%). In terms of maximum drawdown, NWG dropped -96.96% vs GOVT's -19.07%.
GOVT currently has the higher Sharpe Ratio (1.02 vs 0.55), 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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