- ISIN
- US4642886125
- CUSIP
- 464288612
- Issuer
- iShares
- Inception Date
- Jan 5, 2007
- Region
- North America (U.S.)
- Category
- Short-Term Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg U.S. Intermediate Government/Credit Bond
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $4B
Share Price Chart
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Performance
GVI Performance Chart
iShares Intermediate Government/Credit Bond ETF (GVI) is down 0.0% since the beginning of the year. GVI is currently trading at $106 per share. Investors who bought $1,000 worth of GVI shares 5 years ago would now be looking at an investment worth $1,051.
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Returns By Period
iShares Intermediate Government/Credit Bond ETF (GVI) has returned -0.03% so far this year and 3.33% over the past 12 months. Over the last ten years, GVI has returned 1.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Intermediate Government/Credit Bond ETF
- 1D
- -0.17%
- 1M
- 0.17%
- YTD
- -0.03%
- 6M
- 0.10%
- 1Y
- 3.33%
- 3Y*
- 4.28%
- 5Y*
- 1.00%
- 10Y*
- 1.73%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GVI Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2007, GVI's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Dec 2008 with a return of +5.4%, while the worst month was Sep 2022 at -2.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 9 months.
On a daily basis, GVI closed higher 52% of trading days. The best single day was Mar 23, 2020 with a return of +2.1%, while the worst single day was Mar 17, 2020 at -2.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.10% | 1.08% | -1.20% | 0.16% | 0.08% | -0.23% | -0.03% | ||||||
| 2025 | 0.47% | 1.42% | 0.39% | 0.81% | -0.25% | 1.05% | -0.10% | 1.17% | 0.42% | 0.43% | 0.62% | 0.06% | 6.66% |
| 2024 | 0.20% | -0.98% | 0.61% | -1.37% | 1.22% | 0.77% | 1.89% | 1.14% | 1.05% | -1.64% | 0.65% | -0.57% | 2.92% |
| 2023 | 1.63% | -1.56% | 2.38% | 0.58% | -0.71% | -0.74% | 0.15% | 0.15% | -1.13% | -0.55% | 2.77% | 2.19% | 5.15% |
| 2022 | -1.28% | -0.76% | -2.38% | -1.98% | 0.71% | -1.08% | 1.61% | -2.07% | -2.74% | -0.33% | 2.27% | -0.44% | -8.28% |
| 2021 | -0.37% | -0.97% | -0.78% | 0.61% | 0.30% | 0.12% | 0.74% | -0.16% | -0.64% | -0.42% | -0.02% | -0.30% | -1.90% |
Benchmark Metrics
iShares Intermediate Government/Credit Bond ETF has an annualized alpha of 3.15%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 11, 2007.
- This ETF captured 8.25% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.10%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 may look defensive, but with R2 of 0.01 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 0.01 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
- 3.15%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 8.25%
- Downside Capture
- -2.10%
Expense Ratio
GVI has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
GVI ranks 38 for risk / return — below 38% 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 Intermediate Government/Credit Bond ETF (GVI) 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.
| GVI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.78 | -0.92 |
| Martin ratioReturn relative to average drawdown | 5.23 | 12.44 | -7.21 |
Dividends
Dividend History
iShares Intermediate Government/Credit Bond ETF provided a 3.62% dividend yield over the last twelve months, with an annual payout of $3.83 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.83 | $3.73 | $3.54 | $2.88 | $1.90 | $1.66 | $2.17 | $2.58 | $2.34 | $2.10 | $1.94 | $1.92 |
Dividend yield | 3.62% | 3.48% | 3.40% | 2.75% | 1.86% | 1.46% | 1.84% | 2.29% | 2.16% | 1.91% | 1.77% | 1.75% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Intermediate Government/Credit Bond 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 | $0.32 | $0.31 | $0.33 | $0.32 | $0.33 | $1.62 | ||||||
| 2025 | $0.00 | $0.30 | $0.29 | $0.31 | $0.31 | $0.31 | $0.31 | $0.31 | $0.32 | $0.31 | $0.32 | $0.64 | $3.73 |
| 2024 | $0.00 | $0.31 | $0.28 | $0.29 | $0.28 | $0.29 | $0.28 | $0.30 | $0.31 | $0.29 | $0.31 | $0.61 | $3.54 |
| 2023 | $0.00 | $0.23 | $0.22 | $0.22 | $0.21 | $0.24 | $0.23 | $0.24 | $0.24 | $0.24 | $0.26 | $0.55 | $2.88 |
| 2022 | $0.00 | $0.13 | $0.13 | $0.14 | $0.14 | $0.15 | $0.15 | $0.16 | $0.16 | $0.17 | $0.18 | $0.39 | $1.90 |
| 2021 | $0.00 | $0.15 | $0.14 | $0.15 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.26 | $1.66 |
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 Intermediate Government/Credit Bond 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 Intermediate Government/Credit Bond ETF was 12.93%, occurring on Oct 20, 2022. Recovery took 668 trading sessions.
The current iShares Intermediate Government/Credit Bond ETF drawdown is 1.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -12.93%Oct 2022 | 1y 2mo | 2y 8mo | 3y 10moAug 2021 - Jun 2025 |
Financial crisis2007–2009 | -7.54%Oct 2008 | 1mo | 1mo 22d | 2mo 22dSep 2008 - Dec 2008 |
COVID crash2020 | -5.96%Mar 2020 | 9d | 2mo 1d | 2mo 10dMar 2020 - May 2020 |
2013 pullback2013 | -3.57%Sep 2013 | 4mo 6d | 8mo 17d | 1y 18dMay 2013 - May 2014 |
Financial crisis2007–2009 | -3.53%Mar 2009 | 2mo 1d | 4mo 16d | 6mo 17dJan 2009 - Jul 2009 |
Drawdown Indicators
| GVI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.93% | -56.78% | +43.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -9.10% | +7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -18.90% | +16.25% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | -25.43% | +12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -12.93% | -33.92% | +20.99% |
Current DrawdownCurrent decline from peak | -1.20% | -1.80% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -10.71% | +8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 2.03% | -1.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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