Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) belongs to the Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with GOVI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GOVI
GOVI charges 0.15% annually. There are 51 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Portfolio Short Term Treasury ETF | 0.03% | 6.07B | Nov 2011 | GOVI vs SPTS | |
| Schwab Short-Term U.S. Treasury ETF | 0.03% | 12.67B | Aug 2010 | GOVI vs SCHO | |
| Vanguard Total Treasury ETF | 0.03% | 122.30M | Jul 2025 | GOVI vs VTG | |
| Vanguard Intermediate-Term Treasury ETF | 0.03% | 49.50B | Nov 2009 | GOVI vs VGIT | |
| Vanguard Short-Term Treasury ETF | 0.03% | 33.90B | Nov 2009 | GOVI vs VGSH |
Best Risk-Adjusted Alternatives to GOVI
GOVI has a PortfoliosLab risk / return rank of 16. There are 55 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | GOVI vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.68B | Sep 2016 | GOVI vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.86B | Jan 2007 | GOVI vs SHV | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.91B | Feb 2014 | GOVI vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.55B | Feb 2014 | GOVI vs TFLO |
Top Performing GOVI Alternatives (YTD)
GOVI is at -1.18% YTD. There are 56 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 4.72% | 67.49M | Sep 2021 | GOVI vs BNDD | |
| Simplify Treasury Option Income ETF | 2.36% | 474.96M | Oct 2022 | GOVI vs BUCK | |
| iShares Global Government Bond USD Hedged Active E... | 2.36% | 2.91B | Jun 2025 | GOVI vs GGOV | |
| WisdomTree Floating Rate Treasury Fund | 2.05% | 17.91B | Feb 2014 | GOVI vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 2.02% | 6.55B | Feb 2014 | GOVI vs TFLO |
Lowest Volatility Alternatives to GOVI
GOVI has 6.38% 1-year volatility. There are 61 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 0.20%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | GOVI vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | GOVI vs SHV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.68B | Sep 2016 | GOVI vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.91B | Feb 2014 | GOVI vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 0.29% | 6.55B | Feb 2014 | GOVI vs TFLO |
Lowest Drawdown Alternatives to GOVI
GOVI has a 1-year max drawdown of -5.45%. There are 54 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 46.75B | May 2007 | GOVI vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.91B | Feb 2014 | GOVI vs USFR | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.55B | Feb 2014 | GOVI vs TFLO | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.68B | Sep 2016 | GOVI vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.03% | 20.86B | Jan 2007 | GOVI vs SHV |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | GOVI vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | GOVI vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | GOVI vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | GOVI vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | GOVI vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | GOVI vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | GOVI vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | GOVI vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | GOVI vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | GOVI vs PPA |
Often Compared With GOVI
Investors most often compare GOVI with GOVT, BND, SPTL. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare GOVI with Any Fund or Stock
Compare GOVI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GOVI with funds that move differently
Invesco Equal Weight 0-30 Year Treasury ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GOVI.
Explore GOVI Diversifiers