- Issuer
- iShares
- Inception Date
- Feb 27, 2023
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares $ Treasury Bond UCITS ETF
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
GOVP.L Performance Chart
iShares $ Treasury Bond UCITS ETF (GOVP.L) is down 0.4% since the beginning of the year. GOVP.L is currently trading at £4 per share. Investors who bought £1,000 worth of GOVP.L shares 5 years ago would now be looking at an investment worth £941.
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Returns By Period
iShares $ Treasury Bond UCITS ETF (GOVP.L) has returned -0.39% so far this year and 3.25% over the past 12 months.
iShares $ Treasury Bond UCITS ETF
- 1D
- -0.22%
- 1M
- -0.45%
- 6M
- -0.39%
- YTD
- -0.39%
- 1Y
- 3.25%
- 3Y*
- 2.60%
- 5Y*
- -1.21%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
GOVP.L Monthly Returns History
Based on dividend-adjusted daily data since Sep 12, 2019, GOVP.L's average daily return is 0.00%, while the average monthly return is -0.01%.
Historically, 51% of months were positive and 49% were negative. The best month was Nov 2023 with a return of +3.2%, while the worst month was Sep 2022 at -3.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GOVP.L closed higher 35% of trading days. The best single day was Mar 15, 2023 with a return of +1.8%, while the worst single day was Mar 18, 2020 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.23% | 1.88% | -1.79% | -0.00% | -0.00% | 0.48% | -0.69% | -0.39% | |||||
| 2025 | 0.72% | 1.66% | 0.39% | 0.71% | -1.18% | 0.95% | -0.00% | 0.71% | 1.00% | 0.47% | 0.47% | 0.00% | 6.04% |
| 2024 | 0.00% | -1.39% | 0.49% | -2.14% | 1.21% | 1.20% | 1.66% | 1.86% | 0.95% | -2.54% | 0.71% | -1.41% | 0.48% |
| 2023 | 2.07% | -2.26% | 2.54% | 0.68% | -1.36% | -0.69% | -0.46% | -0.47% | -2.06% | -1.21% | 3.19% | 3.10% | 2.90% |
| 2022 | -1.78% | -0.80% | -2.97% | -3.14% | 0.00% | -0.87% | 1.75% | -2.58% | -3.52% | -1.61% | 1.64% | 0.00% | -13.18% |
| 2021 | -0.95% | -2.50% | -0.77% | 0.60% | 0.40% | 0.79% | 1.18% | -0.19% | -1.33% | 0.20% | 0.59% | -0.59% | -2.61% |
Benchmark Metrics
iShares $ Treasury Bond UCITS ETF has an annualized alpha of 1.16%, beta of -0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 12, 2019.
- This ETF participated in 13.25% of S&P 500 Index downside but only 6.67% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.04 may look defensive, but with R2 of 0.02 this ETF 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 ETF's risk.
- R2 of 0.02 means this ETF 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
- 1.16%
- Beta
- -0.04
- R²
- 0.02
- Upside Capture
- 6.67%
- Downside Capture
- 13.25%
Expense Ratio
GOVP.L has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
GOVP.L ranks 27 for risk / return — below 27% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares $ Treasury Bond UCITS ETF (GOVP.L) and compare them to S&P 500 Index.
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.
| GOVP.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.50 | -1.41 |
| Martin ratioReturn relative to average drawdown | 2.81 | 9.11 | -6.30 |
Dividends
Dividend History
iShares $ Treasury Bond UCITS ETF provided a 3.97% dividend yield over the last twelve months, with an annual payout of £0.17 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | £0.17 | £0.17 | £0.16 | £0.13 | £0.06 | £0.04 | £0.07 |
Dividend yield | 3.97% | 3.96% | 3.89% | 3.08% | 1.49% | 0.85% | 1.32% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares $ Treasury Bond UCITS ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | |||||
| 2025 | £0.00 | £0.00 | £0.09 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.17 |
| 2024 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.16 |
| 2023 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.07 | £0.00 | £0.00 | £0.00 | £0.13 |
| 2022 | £0.00 | £0.00 | £0.02 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.04 | £0.00 | £0.00 | £0.00 | £0.06 |
| 2021 | £0.00 | £0.00 | £0.02 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.02 | £0.00 | £0.00 | £0.00 | £0.04 |
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 iShares $ Treasury Bond UCITS ETF. 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 iShares $ Treasury Bond UCITS ETF was 20.62%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current iShares $ Treasury Bond UCITS ETF drawdown is 9.71%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-20.62%Oct 2023 | 3y 2mo | — | 5y 11moAug 2020 - now | — |
-4.09%Mar 2020 | 9d | 4mo 13d | 4mo 22dMar 2020 - Jul 2020 | COVID crash2020 |
-2.37%Nov 2019 | 29d | 2mo 25d | 3mo 24dOct 2019 - Jan 2020 | — |
-0.79%Feb 2020 | 2d | 12d | 14dFeb 2020 - Feb 2020 | COVID crash2020 |
-0.60%Sep 2019 | 0s | 4d | 4dSep 2019 - Sep 2019 | — |
Drawdown Indicators
| GOVP.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -37.07% | +16.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -8.03% | +5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -5.29% | -22.15% | +16.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -22.15% | +4.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -9.71% | -1.42% | -8.29% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -5.29% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.20% | -1.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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