SGOV vs. CARL-B.CO
SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while CARL-B.CO (Carlsberg A/S) is a stock. Over the past 5 years, SGOV returned 3.56%/yr vs -3.89%/yr for CARL-B.CO. At a correlation of -0.01, they often move in opposite directions.
Performance
SGOV vs. CARL-B.CO - Performance Comparison
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Different Trading Currencies
SGOV is traded in USD, while CARL-B.CO is traded in DKK. To make them comparable, the CARL-B.CO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGOV achieves a 1.61% return, which is significantly lower than CARL-B.CO's 2.74% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.26%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.91%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
CARL-B.CO
- 1D
- -1.16%
- 1M
- 0.25%
- YTD
- 2.74%
- 6M
- 2.90%
- 1Y
- -6.54%
- 3Y*
- -2.45%
- 5Y*
- -3.89%
- 10Y*
- 6.33%
SGOV vs. CARL-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
CARL-B.CO Carlsberg A/S | 2.74% | 40.69% | -21.16% | -2.77% | -20.64% | 9.36% | 25.26% |
Correlation
The correlation between SGOV and CARL-B.CO 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 28, 2020 | -0.01 |
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Return for Risk
SGOV vs. CARL-B.CO — Risk / Return Rank
SGOV
CARL-B.CO
SGOV vs. CARL-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Carlsberg A/S (CARL-B.CO). 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.
| SGOV | CARL-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +20.58 | ||
| Sortino ratioReturn per unit of downside risk | +275.96 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 0.97 | +194.58 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | -0.33 | +398.53 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | -0.53 | +4,462.51 |
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Drawdowns
SGOV vs. CARL-B.CO - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum CARL-B.CO drawdown of -77.22%. Use the drawdown chart below to compare losses from any high point for SGOV and CARL-B.CO.
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Drawdown Indicators
| SGOV | CARL-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -77.22% | +77.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -21.81% | +21.80% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -40.58% | +40.57% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -47.25% | +47.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | -20.42% | +20.42% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -20.02% | +20.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 13.63% | -13.63% |
Volatility
SGOV vs. CARL-B.CO - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Carlsberg A/S (CARL-B.CO) has a volatility of 7.56%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than CARL-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | CARL-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 7.56% | -7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 18.00% | -17.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 23.82% | -23.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 25.35% | -25.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 23.67% | -23.43% |
Dividends
SGOV vs. CARL-B.CO - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, more than CARL-B.CO's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARL-B.CO Carlsberg A/S | 3.44% | 3.23% | 3.91% | 3.19% | 2.60% | 1.95% | 2.15% | 1.81% | 2.31% | 1.34% | 1.48% | 1.47% |
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% | 0.00% |
Frequently Asked Questions
SGOV and CARL-B.CO 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.
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