Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | Government Bonds | 25% |
IEF iShares 7-10 Year Treasury Bond ETF | Government Bonds | 25% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | Government Bonds | 0.10% |
SPTI SPDR Portfolio Intermediate Term Treasury ETF | Government Bonds | 25% |
VGIT Vanguard Intermediate-Term Treasury ETF | Government Bonds | 24.90% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Intermediate Government Bond ETFs, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Feb 24, 2012, corresponding to the inception date of GOVT
Returns By Period
As of Apr 2, 2026, the Intermediate Government Bond ETFs returned -0.10% Year-To-Date and 1.12% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.72% | -3.54% | -3.95% | -2.09% | 15.95% | 16.96% | 10.34% | 12.24% |
Portfolio Intermediate Government Bond ETFs | -0.08% | -1.34% | -0.10% | 0.50% | 3.63% | 2.83% | -0.10% | 1.12% |
| Portfolio components: | ||||||||
GOVT iShares U.S. Treasury Bond ETF | -0.05% | -1.30% | 0.02% | 0.58% | 2.93% | 2.53% | -0.25% | 0.95% |
SPTI SPDR Portfolio Intermediate Term Treasury ETF | -0.09% | -1.30% | -0.11% | 0.67% | 3.86% | 3.29% | 0.30% | 1.40% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.07% | -1.27% | -0.10% | 0.70% | 3.83% | 3.27% | 0.31% | 1.31% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.08% | -1.31% | -0.12% | 0.68% | 3.81% | 3.27% | 0.30% | 1.31% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.09% | -1.82% | -0.22% | 0.37% | 3.49% | 2.22% | -0.78% | 0.78% |
Monthly Returns
Based on dividend-adjusted daily data since Feb 27, 2012, Intermediate Government Bond ETFs's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, your investment would double in approximately 44.5 years.
Historically, 51% of months were positive and 49% were negative. The best month was Nov 2023 with a return of +3.6%, while the worst month was Sep 2022 at -3.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, Intermediate Government Bond ETFs closed higher 52% of trading days. The best single day was Mar 20, 2020 with a return of +1.9%, while the worst single day was Mar 17, 2020 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.07% | 1.90% | -1.83% | -0.08% | -0.10% | ||||||||
| 2025 | 0.01% | 2.21% | 0.41% | 1.09% | -1.00% | 1.32% | -0.46% | 1.43% | 0.52% | 0.60% | 0.79% | -0.43% | 6.63% |
| 2024 | 0.10% | -1.60% | 0.63% | -2.42% | 1.52% | 1.06% | 2.45% | 1.26% | 1.19% | -2.65% | 0.83% | -0.97% | 1.26% |
| 2023 | 2.75% | -2.61% | 3.19% | 0.68% | -1.15% | -1.13% | -0.29% | -0.39% | -2.18% | -1.20% | 3.56% | 3.07% | 4.09% |
| 2022 | -1.99% | -0.49% | -3.46% | -3.00% | 0.50% | -0.78% | 2.13% | -3.04% | -3.69% | -1.06% | 2.82% | -0.90% | -12.45% |
| 2021 | -0.61% | -1.73% | -1.54% | 0.75% | 0.32% | 0.54% | 1.39% | -0.27% | -1.16% | -0.48% | 0.66% | -0.24% | -2.40% |
Benchmark Metrics
Intermediate Government Bond ETFs has an annualized alpha of 2.19%, beta of -0.05, and R² of 0.03 versus S&P 500 Index. Calculated based on daily prices since February 27, 2012.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (5.48%) than losses (1.97%) — typical of diversified or defensive assets.
- Beta of -0.05 may look defensive, but with R² of 0.03 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.03 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.19%
- Beta
- -0.05
- R²
- 0.03
- Upside Capture
- 5.48%
- Downside Capture
- 1.97%
Expense Ratio
Intermediate Government Bond ETFs has an expense ratio of 0.10%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
Intermediate Government Bond ETFs ranks 19 for risk / return — in the bottom 19% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.92 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.41 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.41 | +0.05 |
Martin ratioReturn relative to average drawdown | 4.00 | 6.61 | -2.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | 36 | 0.73 | 1.06 | 1.12 | 1.23 | 3.16 |
SPTI SPDR Portfolio Intermediate Term Treasury ETF | 54 | 1.00 | 1.51 | 1.18 | 1.70 | 5.17 |
VGIT Vanguard Intermediate-Term Treasury ETF | 54 | 1.01 | 1.52 | 1.18 | 1.68 | 5.15 |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 53 | 1.00 | 1.51 | 1.17 | 1.69 | 5.22 |
IEF iShares 7-10 Year Treasury Bond ETF | 34 | 0.66 | 0.97 | 1.11 | 1.20 | 2.98 |
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Dividends
Dividend yield
Intermediate Government Bond ETFs provided a 3.76% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.76% | 3.71% | 3.55% | 2.82% | 1.73% | 1.00% | 1.56% | 2.08% | 2.06% | 1.63% | 1.53% | 1.51% |
| Portfolio components: | ||||||||||||
GOVT iShares U.S. Treasury Bond ETF | 3.52% | 3.49% | 3.14% | 2.65% | 1.77% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% |
SPTI SPDR Portfolio Intermediate Term Treasury ETF | 3.82% | 3.79% | 3.77% | 2.99% | 1.45% | 0.53% | 0.75% | 2.02% | 1.97% | 1.46% | 1.23% | 1.18% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.83% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.89% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.85% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Intermediate Government Bond ETFs. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Intermediate Government Bond ETFs was 18.53%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Intermediate Government Bond ETFs drawdown is 5.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.53% | Aug 5, 2020 | 808 | Oct 19, 2023 | — | — | — |
| -5.86% | Jul 6, 2016 | 471 | May 17, 2018 | 212 | Mar 22, 2019 | 683 |
| -5.45% | May 2, 2013 | 88 | Sep 5, 2013 | 278 | Oct 13, 2014 | 366 |
| -3.42% | Mar 10, 2020 | 7 | Mar 18, 2020 | 7 | Mar 27, 2020 | 14 |
| -3.28% | Feb 2, 2015 | 90 | Jun 10, 2015 | 88 | Oct 14, 2015 | 178 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 4.01, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | GOVT | SPTI | SCHR | VGIT | IEF | Portfolio | |
|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.18 | -0.15 | -0.17 | -0.17 | -0.18 | -0.18 |
| GOVT | -0.18 | 1.00 | 0.90 | 0.91 | 0.91 | 0.95 | 0.97 |
| SPTI | -0.15 | 0.90 | 1.00 | 0.95 | 0.95 | 0.94 | 0.96 |
| SCHR | -0.17 | 0.91 | 0.95 | 1.00 | 0.97 | 0.96 | 0.97 |
| VGIT | -0.17 | 0.91 | 0.95 | 0.97 | 1.00 | 0.96 | 0.98 |
| IEF | -0.18 | 0.95 | 0.94 | 0.96 | 0.96 | 1.00 | 0.99 |
| Portfolio | -0.18 | 0.97 | 0.96 | 0.97 | 0.98 | 0.99 | 1.00 |