GIGB vs. USVN
GIGB (Goldman Sachs Access Investment Grade Corporate Bond ETF) and USVN (US Treasury 7 Year Note ETF) are both exchange-traded funds - GIGB is a Corporate Bonds fund tracking the FTSE Goldman Sachs Investment Grade Corporate Bond Index, while USVN is a Government Bonds fund tracking the ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, GIGB returned 5.40%/yr vs 3.04%/yr for USVN. Their correlation of 0.89 suggests significant overlap in exposure. GIGB charges 0.14%/yr vs 0.15%/yr for USVN.
Performance
GIGB vs. USVN - Performance Comparison
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Returns By Period
In the year-to-date period, GIGB achieves a 0.99% return, which is significantly higher than USVN's -0.54% return.
GIGB
- 1D
- -0.02%
- 1M
- 0.70%
- YTD
- 0.99%
- 6M
- 1.39%
- 1Y
- 5.80%
- 3Y*
- 5.40%
- 5Y*
- 0.31%
- 10Y*
- —
USVN
- 1D
- -0.17%
- 1M
- 0.15%
- YTD
- -0.54%
- 6M
- -0.27%
- 1Y
- 3.35%
- 3Y*
- 3.04%
- 5Y*
- —
- 10Y*
- —
GIGB vs. USVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 0.99% | 7.58% | 1.68% | 5.83% |
USVN US Treasury 7 Year Note ETF | -0.54% | 7.66% | 0.03% | 0.67% |
Correlation
The correlation between GIGB and USVN is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.89 |
The correlation between GIGB and USVN has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
GIGB vs. USVN — Risk / Return Rank
GIGB
USVN
GIGB vs. USVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and US Treasury 7 Year Note ETF (USVN). 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.
| GIGB | USVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.12 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.83 | +1.02 |
| Martin ratioReturn relative to average drawdown | 5.74 | 2.31 | +3.43 |
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Drawdowns
GIGB vs. USVN - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, which is greater than USVN's maximum drawdown of -8.27%. Use the drawdown chart below to compare losses from any high point for GIGB and USVN.
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Drawdown Indicators
| GIGB | USVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -8.27% | -13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.68% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -5.85% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -2.51% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -2.34% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.32% | -0.40% |
Volatility
GIGB vs. USVN - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) and US Treasury 7 Year Note ETF (USVN) have volatilities of 1.43% and 1.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIGB | USVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.42% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 3.04% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 4.20% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 5.78% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.66% | 5.78% | +1.88% |
GIGB vs. USVN - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is lower than USVN'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
GIGB vs. USVN - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.60%, more than USVN's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.60% | 4.69% | 4.45% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% |
USVN US Treasury 7 Year Note ETF | 3.74% | 3.81% | 4.07% | 2.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GIGB and USVN have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIGB has higher volatility (1.43%) compared to USVN (1.42%). In terms of maximum drawdown, GIGB dropped -22.25% vs USVN's -8.27%.
On 3-year performance, GIGB leads with 5.40% vs 3.04% for USVN. On fees, GIGB is cheaper at 0.14% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GIGB has performed better with a 5.40% return vs 3.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GIGB is cheaper with a 0.14% expense ratio, compared with 0.15% for USVN.
GIGB has the higher dividend yield at 4.60%, compared with 3.74% for USVN.
GIGB is categorized as Corporate Bonds, while USVN is Government Bonds. GIGB tracks FTSE Goldman Sachs Investment Grade Corporate Bond Index, while USVN tracks ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross. They also come from different issuers: Goldman Sachs and US Benchmark Series. Their fees differ too: 0.14% for GIGB and 0.15% for USVN.
GIGB currently has the higher Sharpe Ratio (1.23 vs 0.73), 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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