RACE vs. SGOV
RACE (Ferrari N.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, RACE returned 12.84%/yr vs 3.58%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions.
Performance
RACE vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, RACE achieves a -2.48% return, which is significantly lower than SGOV's 1.73% return.
RACE
- 1D
- 0.99%
- 1M
- 6.76%
- YTD
- -2.48%
- 6M
- -4.24%
- 1Y
- -24.15%
- 3Y*
- 6.32%
- 5Y*
- 12.84%
- 10Y*
- 25.85%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.73%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
RACE vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RACE Ferrari N.V. | -2.48% | -11.65% | 26.34% | 59.12% | -16.68% | 13.32% | 40.49% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.73% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between RACE and SGOV is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.01 |
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Return for Risk
RACE vs. SGOV — Risk / Return Rank
RACE
SGOV
RACE vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ferrari N.V. (RACE) 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.
| RACE | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.00 | ||
| Sortino ratioReturn per unit of downside risk | -274.33 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 194.05 | -193.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 395.07 | -395.69 |
| Martin ratioReturn relative to average drawdown | -0.95 | 4,426.92 | -4,427.87 |
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Drawdowns
RACE vs. SGOV - Drawdown Comparison
The maximum RACE drawdown since its inception was -46.67%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for RACE and SGOV.
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Drawdown Indicators
| RACE | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.67% | -0.03% | -46.64% |
Max Drawdown (1Y)Largest decline over 1 year | -39.22% | -0.01% | -39.21% |
Max Drawdown (3Y)Largest decline over 3 years | -39.22% | -0.01% | -39.21% |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | -0.03% | -39.19% |
Max Drawdown (10Y)Largest decline over 10 years | -39.22% | — | — |
Current DrawdownCurrent decline from peak | -30.38% | 0.00% | -30.38% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -0.00% | -11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.57% | 0.00% | +25.57% |
Volatility
RACE vs. SGOV - Volatility Comparison
Ferrari N.V. (RACE) has a higher volatility of 12.02% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that RACE'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
| RACE | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.02% | 0.04% | +11.98% |
Volatility (6M)Calculated over the trailing 6-month period | 25.33% | 0.12% | +25.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.84% | 0.19% | +35.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.69% | 0.24% | +29.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.50% | 0.24% | +29.26% |
Dividends
RACE vs. SGOV - Dividend Comparison
RACE's dividend yield for the trailing twelve months is around 2.42%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RACE Ferrari N.V. | 2.42% | 1.85% | 0.61% | 0.59% | 0.69% | 0.40% | 0.54% | 0.70% | 0.88% | 0.61% | 0.79% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RACE and SGOV have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RACE has higher volatility (12.02%) compared to SGOV (0.04%). In terms of maximum drawdown, RACE dropped -46.67% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.68), 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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