SGOV vs. CEG
SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while CEG (Constellation Energy Corp) is a stock. Over the past 3 years, SGOV returned 4.71%/yr vs 40.06%/yr for CEG. At a correlation of -0.02, they often move in opposite directions.
Performance
SGOV vs. CEG - Performance Comparison
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Returns By Period
In the year-to-date period, SGOV achieves a 1.61% return, which is significantly higher than CEG's -27.96% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
CEG
- 1D
- 2.86%
- 1M
- -7.54%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -15.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
SGOV vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% |
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between SGOV and CEG is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | -0.02 |
The correlation between SGOV and CEG shifts across timeframes, from -0.15 (1 year) to -0.00 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGOV vs. CEG — Risk / Return Rank
SGOV
CEG
SGOV vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Constellation Energy Corp (CEG). 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 | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +20.60 | ||
| Sortino ratioReturn per unit of downside risk | +275.85 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 0.98 | +194.57 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | -0.38 | +398.58 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | -0.78 | +4,462.76 |
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Drawdowns
SGOV vs. CEG - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum CEG drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for SGOV and CEG.
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Drawdown Indicators
| SGOV | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -50.70% | +50.67% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -39.77% | +39.76% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -50.70% | +50.69% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -36.93% | +36.93% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -11.67% | +11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 19.38% | -19.38% |
Volatility
SGOV vs. CEG - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Constellation Energy Corp (CEG) has a volatility of 15.26%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 15.26% | -15.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 37.72% | -37.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 46.66% | -46.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 49.38% | -49.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 49.38% | -49.14% |
Dividends
SGOV vs. CEG - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, more than CEG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
SGOV and CEG have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.26%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs CEG's -50.70%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.32), 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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