OMAB vs. SGOV
OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) 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, OMAB returned 24.85%/yr vs 3.62%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions.
Performance
OMAB vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, OMAB achieves a 0.41% return, which is significantly lower than SGOV's 1.92% return.
OMAB
- 1D
- -1.77%
- 1M
- 4.28%
- 6M
- -1.42%
- YTD
- 0.41%
- 1Y
- -1.17%
- 3Y*
- 11.35%
- 5Y*
- 24.85%
- 10Y*
- 13.01%
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 1.92%
- 1Y
- 3.88%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
OMAB vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 0.41% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | 43.12% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.92% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between OMAB and SGOV is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.01 |
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Return for Risk
OMAB vs. SGOV — Risk / Return Rank
OMAB
SGOV
OMAB vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) 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.
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.
| OMAB | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.87 | ||
| Sortino ratioReturn per unit of downside risk | -383.64 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 384.06 | -383.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 391.99 | -392.03 |
| Martin ratioReturn relative to average drawdown | -0.09 | 6,210.22 | -6,210.32 |
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Drawdowns
OMAB vs. SGOV - Drawdown Comparison
The maximum OMAB drawdown since its inception was -77.75%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for OMAB and SGOV.
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Drawdown Indicators
| OMAB | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -0.03% | -77.72% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -0.01% | -26.86% |
Max Drawdown (3Y)Largest decline over 3 years | -41.78% | -0.01% | -41.77% |
Max Drawdown (5Y)Largest decline over 5 years | -41.78% | -0.03% | -41.75% |
Max Drawdown (10Y)Largest decline over 10 years | -68.88% | — | — |
Current DrawdownCurrent decline from peak | -19.09% | 0.00% | -19.09% |
Average DrawdownAverage peak-to-trough decline | -22.67% | -0.00% | -22.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 0.00% | +12.45% |
Volatility
OMAB vs. SGOV - Volatility Comparison
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has a higher volatility of 12.18% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that OMAB'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
| OMAB | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.18% | 0.05% | +12.13% |
Volatility (6M)Calculated over the trailing 6-month period | 24.21% | 0.13% | +24.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.32% | 0.19% | +31.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.01% | 0.24% | +35.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.38% | 0.24% | +38.14% |
Dividends
OMAB vs. SGOV - Dividend Comparison
OMAB's dividend yield for the trailing twelve months is around 5.12%, more than SGOV's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.12% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 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
OMAB and SGOV have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OMAB has higher volatility (12.18%) compared to SGOV (0.05%). In terms of maximum drawdown, OMAB dropped -77.75% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.83 vs -0.04), 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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