TNK vs. SGOV
TNK (Teekay Tankers Ltd.) 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, TNK returned 51.46%/yr vs 3.66%/yr for SGOV. Their 0.03 correlation means their historical movements had little consistent relationship.
Performance
TNK vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, TNK achieves a 53.63% return, which is significantly higher than SGOV's 2.13% return.
TNK
- 1D
- 1.40%
- 1M
- 19.05%
- 6M
- 25.77%
- YTD
- 53.63%
- 1Y
- 94.53%
- 3Y*
- 27.39%
- 5Y*
- 51.46%
- 10Y*
- 16.04%
- ALL TIME*
- 2.34%
SGOV
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.82%
- YTD
- 2.13%
- 1Y
- 3.85%
- 3Y*
- 4.62%
- 5Y*
- 3.66%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.99B | $1.87B | $2.06B | |
| $26.46M | $23.66M | $27.39M |
TNK vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TNK Teekay Tankers Ltd. | 53.63% | 40.21% | -16.58% | 69.15% | 182.66% | -1.00% | -40.49% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.13% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between TNK and SGOV is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.03 |
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Return for Risk
TNK vs. SGOV — Risk / Return Rank
TNK
SGOV
TNK vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teekay Tankers Ltd. (TNK) 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.
| TNK | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.33 | ||
| Sortino ratioReturn per unit of downside risk | -377.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 380.49 | -379.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 388.26 | -383.79 |
| Martin ratioReturn relative to average drawdown | 11.41 | 6,151.27 | -6,139.86 |
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Drawdowns
TNK vs. SGOV - Drawdown Comparison
The maximum TNK drawdown since its inception was -90.45%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TNK and SGOV.
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Drawdown Indicators
| TNK | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.45% | -0.03% | -90.42% |
Max Drawdown (1Y)Largest decline over 1 year | -21.25% | -0.01% | -21.24% |
Max Drawdown (3Y)Largest decline over 3 years | -52.43% | -0.01% | -52.42% |
Max Drawdown (5Y)Largest decline over 5 years | -52.43% | -0.03% | -52.40% |
Max Drawdown (10Y)Largest decline over 10 years | -65.71% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | 0.00% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -57.31% | 0.00% | -57.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.31% | 0.00% | +8.31% |
Volatility
TNK vs. SGOV - Volatility Comparison
Teekay Tankers Ltd. (TNK) has a higher volatility of 10.18% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that TNK'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
| TNK | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 0.04% | +10.14% |
Volatility (6M)Calculated over the trailing 6-month period | 29.09% | 0.13% | +28.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.91% | 0.19% | +38.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.37% | 0.24% | +45.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.43% | 0.23% | +53.20% |
Dividends
TNK vs. SGOV - Dividend Comparison
TNK's dividend yield for the trailing twelve months is around 2.49%, less than SGOV's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TNK Teekay Tankers Ltd. | 2.49% | 3.74% | 7.54% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 3.23% | 8.57% | 13.27% | 1.74% |
Frequently Asked Questions
TNK and SGOV have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNK has higher volatility (10.18%) compared to SGOV (0.04%). In terms of maximum drawdown, TNK dropped -90.45% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.78 vs 2.45), 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.
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