SGVT vs. ALKS
SGVT (Schwab Government Money Market ETF) is Money Market fund actively managed by Charles Schwab, while ALKS (Alkermes plc) is a stock. Over the past year, SGVT returned 3.74% vs 48.71% for ALKS. At a correlation of -0.07, they often move in opposite directions.
Performance
SGVT vs. ALKS - Performance Comparison
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Returns By Period
In the year-to-date period, SGVT achieves a 1.51% return, which is significantly lower than ALKS's 58.54% return.
SGVT
- 1D
- -0.01%
- 1M
- 0.26%
- YTD
- 1.51%
- 6M
- 1.68%
- 1Y
- 3.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALKS
- 1D
- 0.18%
- 1M
- 18.36%
- YTD
- 58.54%
- 6M
- 57.47%
- 1Y
- 48.71%
- 3Y*
- 11.28%
- 5Y*
- 12.07%
- 10Y*
- 0.70%
SGVT vs. ALKS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SGVT Schwab Government Money Market ETF | 1.51% | 2.22% |
ALKS Alkermes plc | 58.54% | -10.32% |
Correlation
The correlation between SGVT and ALKS is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | -0.07 |
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Return for Risk
SGVT vs. ALKS — Risk / Return Rank
SGVT
ALKS
SGVT vs. ALKS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Government Money Market ETF (SGVT) and Alkermes plc (ALKS). 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.
| SGVT | ALKS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +17.13 | ||
| Sortino ratioReturn per unit of downside risk | +98.99 | ||
| Omega ratioGain probability vs. loss probability | 36.10 | 1.24 | +34.87 |
| Calmar ratioReturn relative to maximum drawdown | 138.97 | 2.21 | +136.77 |
| Martin ratioReturn relative to average drawdown | 1,477.41 | 5.11 | +1,472.30 |
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Drawdowns
SGVT vs. ALKS - Drawdown Comparison
The maximum SGVT drawdown since its inception was -0.03%, smaller than the maximum ALKS drawdown of -96.14%. Use the drawdown chart below to compare losses from any high point for SGVT and ALKS.
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Drawdown Indicators
| SGVT | ALKS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -96.14% | +96.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -22.20% | +22.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.58% | — |
Current DrawdownCurrent decline from peak | -0.01% | -54.76% | +54.75% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -67.23% | +67.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 9.55% | -9.55% |
Volatility
SGVT vs. ALKS - Volatility Comparison
The current volatility for Schwab Government Money Market ETF (SGVT) is 0.07%, while Alkermes plc (ALKS) has a volatility of 10.43%. This indicates that SGVT experiences smaller price fluctuations and is considered to be less risky than ALKS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGVT | ALKS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 10.43% | -10.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 30.28% | -30.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.21% | 40.79% | -40.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.21% | 37.33% | -37.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.21% | 41.31% | -41.10% |
Dividends
SGVT vs. ALKS - Dividend Comparison
SGVT's dividend yield for the trailing twelve months is around 3.12%, while ALKS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ALKS Alkermes plc | 0.00% | 0.00% |
SGVT Schwab Government Money Market ETF | 3.12% | 1.73% |
Frequently Asked Questions
SGVT and ALKS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALKS has higher volatility (10.43%) compared to SGVT (0.07%). In terms of maximum drawdown, SGVT dropped -0.03% vs ALKS's -96.14%.
SGVT currently has the higher Sharpe Ratio (18.33 vs 1.20), 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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