UTRE vs. NVDA

Last updated Jun 4, 2026

UTRE (US Treasury 3 Year Note ETF) is Government Bonds fund tracking the ICE BofA Current 3-Year US Treasury Index - Benchmark TR Gross, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, UTRE returned 3.64%/yr vs 76.15%/yr for NVDA. At a correlation of -0.09, they often move in opposite directions.

Performance

UTRE vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 3 Year Note ETF (UTRE) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UTRE achieves a -0.09% return, which is significantly lower than NVDA's 15.15% return.

UTRE

• 1D: -0.08%
• 1M: -0.10%
• YTD: -0.09%
• 6M: 0.06%
• 1Y: 2.93%
• 3Y*: 3.64%
• 5Y*: —
• 10Y*: —

NVDA

• 1D: -3.62%
• 1M: 8.20%
• YTD: 15.15%
• 6M: 19.59%
• 1Y: 52.10%
• 3Y*: 76.15%
• 5Y*: 65.05%
• 10Y*: 68.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UTRE vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UTRE US Treasury 3 Year Note ETF	-0.09%	5.68%	2.96%	2.16%
NVDA NVIDIA Corporation	15.15%	38.92%	171.25%	87.56%

Correlation

The correlation between UTRE and NVDA is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023	-0.09

Return for Risk

UTRE vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UTRE

UTRE Risk / Return Rank: 42
UTRE Sharpe Ratio Rank: 41
UTRE Sortino Ratio Rank: 46
UTRE Omega Ratio Rank: 41
UTRE Calmar Ratio Rank: 41
UTRE Martin Ratio Rank: 39

NVDA

NVDA Risk / Return Rank: 78
NVDA Sharpe Ratio Rank: 81
NVDA Sortino Ratio Rank: 77
NVDA Omega Ratio Rank: 73
NVDA Calmar Ratio Rank: 79
NVDA Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UTRE vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Year Note ETF (UTRE) and NVIDIA Corporation (NVDA). 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.

	UTRE	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.53	-0.08
Sortino ratio: Return per unit of downside risk	2.28	2.15	+0.13
Omega ratio: Gain probability vs. loss probability	1.27	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	2.05	2.59	-0.54
Martin ratio: Return relative to average drawdown	6.10	6.36	-0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTRE vs. NVDA - Sharpe Ratio Comparison

The current UTRE Sharpe Ratio is 1.46, which is comparable to the NVDA Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of UTRE and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UTRE	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.53	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.63	+0.62

Drawdowns

UTRE vs. NVDA - Drawdown Comparison

The maximum UTRE drawdown since its inception was -2.80%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for UTRE and NVDA.

Drawdown Indicators

	UTRE	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-2.80%	-89.72%	+86.92%
Max Drawdown (1Y) Largest decline over 1 year	-1.44%	-20.21%	+18.77%
Max Drawdown (3Y) Largest decline over 3 years	-1.86%	-36.88%	+35.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-1.07%	-8.90%	+7.83%
Average Drawdown Average peak-to-trough decline	-0.77%	-36.21%	+35.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	8.21%	-7.73%

Volatility

UTRE vs. NVDA - Volatility Comparison

The current volatility for US Treasury 3 Year Note ETF (UTRE) is 0.58%, while NVIDIA Corporation (NVDA) has a volatility of 12.53%. This indicates that UTRE experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTRE	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	12.53%	-11.95%
Volatility (6M) Calculated over the trailing 6-month period	1.41%	25.54%	-24.13%
Volatility (1Y) Calculated over the trailing 1-year period	2.02%	34.22%	-32.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.70%	51.69%	-48.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.70%	49.80%	-47.10%

Dividends

UTRE vs. NVDA - Dividend Comparison

UTRE's dividend yield for the trailing twelve months is around 3.50%, more than NVDA's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
UTRE US Treasury 3 Year Note ETF	3.50%	3.60%	4.01%	3.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UTRE and NVDA in my portfolio?

UTRE and NVDA have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UTRE or NVDA?

NVDA has higher volatility (12.53%) compared to UTRE (0.58%). In terms of maximum drawdown, UTRE dropped -2.80% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.53 vs 1.46), 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.