SGOV vs. HDB
SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while HDB (HDFC Bank Limited) is a stock. Over the past 5 years, SGOV returned 3.56%/yr vs -7.24%/yr for HDB. At a correlation of -0.01, they often move in opposite directions.
Performance
SGOV vs. HDB - 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 HDB's -33.85% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.91%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
HDB
- 1D
- 1.51%
- 1M
- -2.70%
- YTD
- -33.85%
- 6M
- -32.66%
- 1Y
- -33.11%
- 3Y*
- -7.62%
- 5Y*
- -7.24%
- 10Y*
- 5.46%
SGOV vs. HDB - 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% |
HDB HDFC Bank Limited | -33.85% | 17.07% | -2.54% | 0.16% | 7.39% | -9.29% | 77.02% |
Correlation
The correlation between SGOV and HDB is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
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. HDB — Risk / Return Rank
SGOV
HDB
SGOV vs. HDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and HDFC Bank Limited (HDB). 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 | HDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +21.70 | ||
| Sortino ratioReturn per unit of downside risk | +277.82 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 0.75 | +194.81 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | -0.85 | +399.05 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | -1.74 | +4,463.71 |
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Drawdowns
SGOV vs. HDB - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum HDB drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for SGOV and HDB.
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Drawdown Indicators
| SGOV | HDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -67.93% | +67.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -40.98% | +40.97% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -40.98% | +40.97% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -40.98% | +40.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.28% | — |
Current DrawdownCurrent decline from peak | 0.00% | -38.00% | +38.00% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -13.80% | +13.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 20.09% | -20.09% |
Volatility
SGOV vs. HDB - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while HDFC Bank Limited (HDB) has a volatility of 8.37%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than HDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | HDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 8.37% | -8.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 21.09% | -20.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 24.57% | -24.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 26.84% | -26.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 29.07% | -28.83% |
Dividends
SGOV vs. HDB - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, more than HDB's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | 3.51% | 2.32% | 2.19% | 2.06% | 1.70% | 0.81% | 0.00% | 0.17% | 0.55% | 0.49% | 0.66% | 0.58% |
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 HDB have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDB has higher volatility (8.37%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs HDB's -67.93%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -1.42), 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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