OVV vs. SGOV
OVV (Ovintiv 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, OVV returned 16.68%/yr vs 3.54%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions.
Performance
OVV vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, OVV achieves a 51.99% return, which is significantly higher than SGOV's 1.51% return.
OVV
- 1D
- 1.20%
- 1M
- -5.86%
- YTD
- 51.99%
- 6M
- 41.80%
- 1Y
- 60.46%
- 3Y*
- 21.88%
- 5Y*
- 16.68%
- 10Y*
- 6.20%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
OVV vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OVV Ovintiv Inc. | 51.99% | -0.30% | -5.23% | -10.93% | 53.29% | 138.31% | 79.25% |
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 OVV and SGOV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.02 |
The correlation between OVV and SGOV shifts across timeframes, from -0.02 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OVV vs. SGOV — Risk / Return Rank
OVV
SGOV
OVV vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ovintiv Inc. (OVV) 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.
| OVV | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.57 | ||
| Sortino ratioReturn per unit of downside risk | -273.45 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 195.55 | -194.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 398.20 | -394.56 |
| Martin ratioReturn relative to average drawdown | 8.23 | 4,462.00 | -4,453.77 |
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
| OVV | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 20.28 | -18.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 14.73 | -14.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 12.48 | -12.41 |
Drawdowns
OVV vs. SGOV - Drawdown Comparison
The maximum OVV drawdown since its inception was -98.88%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for OVV and SGOV.
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Drawdown Indicators
| OVV | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.88% | -0.03% | -98.85% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | -0.01% | -16.67% |
Max Drawdown (3Y)Largest decline over 3 years | -42.21% | -0.01% | -42.20% |
Max Drawdown (5Y)Largest decline over 5 years | -47.13% | -0.03% | -47.10% |
Max Drawdown (10Y)Largest decline over 10 years | -96.82% | — | — |
Current DrawdownCurrent decline from peak | -64.12% | 0.00% | -64.12% |
Average DrawdownAverage peak-to-trough decline | -52.05% | -0.00% | -52.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 0.00% | +7.37% |
Volatility
OVV vs. SGOV - Volatility Comparison
Ovintiv Inc. (OVV) has a higher volatility of 9.81% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that OVV'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
| OVV | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | 0.05% | +9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 26.24% | 0.13% | +26.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.71% | 0.20% | +35.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.89% | 0.24% | +45.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.09% | 0.24% | +59.85% |
Dividends
OVV vs. SGOV - Dividend Comparison
OVV's dividend yield for the trailing twelve months is around 2.03%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OVV Ovintiv Inc. | 2.03% | 3.06% | 2.96% | 2.62% | 1.87% | 1.39% | 2.61% | 1.60% | 1.04% | 0.45% | 0.51% | 5.50% |
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
OVV and SGOV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OVV has higher volatility (9.81%) compared to SGOV (0.05%). In terms of maximum drawdown, OVV dropped -98.88% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 vs 1.71), 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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