SNPS vs. SGOV
SNPS (Synopsys, Inc.) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, SNPS returned 11.52%/yr vs 3.58%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions.
Performance
SNPS vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SNPS achieves a -1.23% return, which is significantly lower than SGOV's 1.72% return.
SNPS
- 1D
- 0.53%
- 1M
- -11.59%
- YTD
- -1.23%
- 6M
- -2.48%
- 1Y
- -3.14%
- 3Y*
- 3.41%
- 5Y*
- 11.52%
- 10Y*
- 24.45%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
SNPS vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNPS Synopsys, Inc. | -1.23% | -3.22% | -5.74% | 61.27% | -13.35% | 42.15% | 52.12% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.72% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between SNPS and SGOV is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
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
SNPS vs. SGOV — Risk / Return Rank
SNPS
SGOV
SNPS vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Synopsys, Inc. (SNPS) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| SNPS | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.38 | ||
| Sortino ratioReturn per unit of downside risk | -273.23 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 194.05 | -192.99 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 395.07 | -395.15 |
| Martin ratioReturn relative to average drawdown | -0.12 | 4,426.92 | -4,427.04 |
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Drawdowns
SNPS vs. SGOV - Drawdown Comparison
The maximum SNPS drawdown since its inception was -60.95%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SNPS and SGOV.
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Drawdown Indicators
| SNPS | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.95% | -0.03% | -60.92% |
Max Drawdown (1Y)Largest decline over 1 year | -41.04% | -0.01% | -41.03% |
Max Drawdown (3Y)Largest decline over 3 years | -41.04% | -0.01% | -41.03% |
Max Drawdown (5Y)Largest decline over 5 years | -41.04% | -0.03% | -41.01% |
Max Drawdown (10Y)Largest decline over 10 years | -41.04% | — | — |
Current DrawdownCurrent decline from peak | -28.11% | 0.00% | -28.11% |
Average DrawdownAverage peak-to-trough decline | -20.30% | -0.00% | -20.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.61% | 0.00% | +26.61% |
Volatility
SNPS vs. SGOV - Volatility Comparison
Synopsys, Inc. (SNPS) has a higher volatility of 13.42% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that SNPS's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNPS | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 0.04% | +13.38% |
Volatility (6M)Calculated over the trailing 6-month period | 30.57% | 0.13% | +30.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.68% | 0.19% | +56.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.85% | 0.24% | +40.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.09% | 0.24% | +34.85% |
Dividends
SNPS vs. SGOV - Dividend Comparison
SNPS has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.85%.
| 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% |
SNPS Synopsys, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNPS and SGOV have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNPS has higher volatility (13.42%) compared to SGOV (0.04%). In terms of maximum drawdown, SNPS dropped -60.95% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.06), 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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