TAP vs. SGOV
TAP (Molson Coors Brewing Company) 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, TAP returned -0.57%/yr vs 3.62%/yr for SGOV. At a correlation of -0.00, they often move in opposite directions.
Performance
TAP vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TAP achieves a -8.49% return, which is significantly lower than SGOV's 1.95% return.
TAP
- 1D
- 5.48%
- 1M
- 2.91%
- 6M
- -15.65%
- YTD
- -8.49%
- 1Y
- -12.30%
- 3Y*
- -12.02%
- 5Y*
- -0.57%
- 10Y*
- -5.86%
SGOV
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 1.95%
- 1Y
- 3.87%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
TAP vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TAP Molson Coors Brewing Company | -8.49% | -15.53% | -3.43% | 22.15% | 14.39% | 4.12% | 13.71% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.95% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between TAP and SGOV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
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 | -0.00 |
The correlation between TAP and SGOV shifts across timeframes, from -0.00 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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
TAP vs. SGOV — Risk / Return Rank
TAP
SGOV
TAP vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Molson Coors Brewing Company (TAP) 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.
| TAP | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.28 | ||
| Sortino ratioReturn per unit of downside risk | -383.28 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 383.06 | -382.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 390.94 | -391.39 |
| Martin ratioReturn relative to average drawdown | -0.80 | 6,193.70 | -6,194.50 |
Loading charts...
Drawdowns
TAP vs. SGOV - Drawdown Comparison
The maximum TAP drawdown since its inception was -67.73%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TAP and SGOV.
Loading charts...
Drawdown Indicators
| TAP | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.73% | -0.03% | -67.70% |
Max Drawdown (1Y)Largest decline over 1 year | -27.75% | -0.01% | -27.74% |
Max Drawdown (3Y)Largest decline over 3 years | -39.73% | -0.01% | -39.72% |
Max Drawdown (5Y)Largest decline over 5 years | -39.73% | -0.03% | -39.70% |
Max Drawdown (10Y)Largest decline over 10 years | -67.73% | — | — |
Current DrawdownCurrent decline from peak | -51.49% | 0.00% | -51.49% |
Average DrawdownAverage peak-to-trough decline | -22.86% | -0.00% | -22.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.34% | 0.00% | +15.34% |
Volatility
TAP vs. SGOV - Volatility Comparison
Molson Coors Brewing Company (TAP) has a higher volatility of 10.41% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that TAP'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.
Loading charts...
Volatility by Period
| TAP | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 0.05% | +10.36% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 0.13% | +21.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 0.19% | +27.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.84% | 0.24% | +25.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.60% | 0.24% | +28.36% |
Dividends
TAP vs. SGOV - Dividend Comparison
TAP's dividend yield for the trailing twelve months is around 4.55%, more than SGOV's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TAP Molson Coors Brewing Company | 4.55% | 4.03% | 3.07% | 2.68% | 2.95% | 1.47% | 1.26% | 3.64% | 2.92% | 2.00% | 1.69% | 1.75% |
Frequently Asked Questions
TAP and SGOV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAP has higher volatility (10.41%) compared to SGOV (0.05%). In terms of maximum drawdown, TAP dropped -67.73% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.84 vs -0.45), 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 TAP and SGOV
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