SGOV vs. SHOP
SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while SHOP (Shopify Inc.) is a stock. Over the past 5 years, SGOV returned 3.56%/yr vs -2.79%/yr for SHOP. At a 0.00 correlation, their price movements are largely independent.
Performance
SGOV vs. SHOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGOV achieves a 1.61% return, which is significantly higher than SHOP's -32.76% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
SHOP
- 1D
- -2.02%
- 1M
- 13.46%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- -0.89%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
SGOV vs. SHOP - 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% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 50.93% |
Correlation
The correlation between SGOV and SHOP is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
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 | 0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGOV vs. SHOP — Risk / Return Rank
SGOV
SHOP
SGOV vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Shopify Inc. (SHOP). 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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +20.29 | ||
| Sortino ratioReturn per unit of downside risk | +275.30 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 1.05 | +194.50 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | -0.02 | +398.22 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | -0.04 | +4,462.02 |
Loading charts...
Drawdowns
SGOV vs. SHOP - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for SGOV and SHOP.
Loading charts...
Drawdown Indicators
| SGOV | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -84.82% | +84.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -46.71% | +46.70% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -46.71% | +46.70% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -84.82% | +84.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | 0.00% | -39.53% | +39.53% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -28.23% | +28.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 22.27% | -22.27% |
Volatility
SGOV vs. SHOP - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Shopify Inc. (SHOP) has a volatility of 15.38%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGOV | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 15.38% | -15.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 43.41% | -43.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 57.03% | -56.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 65.55% | -65.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 59.07% | -58.83% |
Dividends
SGOV vs. SHOP - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, while SHOP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGOV and SHOP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.38%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs SHOP's -84.82%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.02), 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.
Find the right allocation for SGOV and SHOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer