GBIL vs. GOVZ
GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both Government Bonds funds - GBIL tracks the FTSE US Treasury 0-1 Year Composite Select Index while GOVZ tracks the ICE BofA Long US Treasury Principal STRIPS Index. Both are passively managed. Over the past 5 years, GBIL returned 3.35%/yr vs -12.12%/yr for GOVZ. At a 0.14 correlation, their price movements are largely independent. GBIL charges 0.12%/yr vs 0.15%/yr for GOVZ.
Performance
GBIL vs. GOVZ - Performance Comparison
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Returns By Period
In the year-to-date period, GBIL achieves a 1.56% return, which is significantly lower than GOVZ's 2.21% return.
GBIL
- 1D
- 0.03%
- 1M
- 0.26%
- YTD
- 1.56%
- 6M
- 1.67%
- 1Y
- 3.82%
- 3Y*
- 4.61%
- 5Y*
- 3.35%
- 10Y*
- —
GOVZ
- 1D
- 0.46%
- 1M
- 6.37%
- YTD
- 2.21%
- 6M
- 1.34%
- 1Y
- 4.56%
- 3Y*
- -6.96%
- 5Y*
- -12.12%
- 10Y*
- —
GBIL vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 1.56% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | -0.00% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 2.21% | -1.81% | -16.24% | 0.90% | -41.03% | -4.86% | -5.61% |
Correlation
The correlation between GBIL and GOVZ is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.14 |
The correlation between GBIL and GOVZ shifts across timeframes, from 0.03 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GBIL vs. GOVZ — Risk / Return Rank
GBIL
GOVZ
GBIL vs. GOVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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.
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.
| GBIL | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.69 | ||
| Sortino ratioReturn per unit of downside risk | +104.92 | ||
| Omega ratioGain probability vs. loss probability | 43.14 | 1.05 | +42.09 |
| Calmar ratioReturn relative to maximum drawdown | 193.82 | 0.28 | +193.54 |
| Martin ratioReturn relative to average drawdown | 1,643.20 | 0.60 | +1,642.59 |
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Drawdowns
GBIL vs. GOVZ - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for GBIL and GOVZ.
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Drawdown Indicators
| GBIL | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -59.65% | +58.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -14.16% | +14.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -28.72% | +27.96% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -57.63% | +56.87% |
Current DrawdownCurrent decline from peak | 0.00% | -55.09% | +55.09% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -40.01% | +39.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 6.46% | -6.46% |
Volatility
GBIL vs. GOVZ - Volatility Comparison
The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.04%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 3.50%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBIL | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 3.50% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 10.66% | -10.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 15.70% | -15.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 23.87% | -23.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.47% | 23.29% | -22.82% |
GBIL vs. GOVZ - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is lower than GOVZ's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBIL vs. GOVZ - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 3.74%, less than GOVZ's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.74% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.02% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GBIL and GOVZ have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOVZ has higher volatility (3.50%) compared to GBIL (0.04%). In terms of maximum drawdown, GBIL dropped -0.76% vs GOVZ's -59.65%.
On 5-year performance, GBIL leads with 3.35% vs -12.12% for GOVZ. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GBIL has performed better with a 3.35% return vs -12.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GBIL is cheaper with a 0.12% expense ratio, compared with 0.15% for GOVZ.
GOVZ has the higher dividend yield at 5.02%, compared with 3.74% for GBIL.
GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index, while GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.12% for GBIL and 0.15% for GOVZ.
GBIL currently has the higher Sharpe Ratio (16.94 vs 0.25), 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.
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