GNMA vs. GOVT
Compare and contrast key facts about iShares GNMA Bond ETF (GNMA) and iShares U.S. Treasury Bond ETF (GOVT).
GNMA and GOVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNMA is a passively managed fund by iShares that tracks the performance of the Barclays Capital GNMA Index. It was launched on Feb 14, 2012. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012. Both GNMA and GOVT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNMA or GOVT.
Correlation
The correlation between GNMA and GOVT is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GNMA vs. GOVT - Performance Comparison
Key characteristics
GNMA:
0.90
GOVT:
0.65
GNMA:
1.32
GOVT:
0.96
GNMA:
1.16
GOVT:
1.13
GNMA:
0.44
GOVT:
0.24
GNMA:
2.41
GOVT:
1.71
GNMA:
2.20%
GOVT:
2.25%
GNMA:
5.91%
GOVT:
5.94%
GNMA:
-17.09%
GOVT:
-19.07%
GNMA:
-5.54%
GOVT:
-11.26%
Returns By Period
In the year-to-date period, GNMA achieves a 1.99% return, which is significantly higher than GOVT's -0.92% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: GNMA at 0.80% and GOVT at 0.80%.
GNMA
1.99%
2.06%
-0.41%
5.28%
-0.45%
0.80%
GOVT
-0.92%
1.28%
-1.19%
3.70%
-1.23%
0.80%
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GNMA vs. GOVT - Expense Ratio Comparison
Both GNMA and GOVT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
GNMA vs. GOVT — Risk-Adjusted Performance Rank
GNMA
GOVT
GNMA vs. GOVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GNMA Bond ETF (GNMA) and iShares U.S. Treasury Bond ETF (GOVT). 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.
Dividends
GNMA vs. GOVT - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.32%, more than GOVT's 3.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.32% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.62% | 2.41% | 2.14% | 1.89% | 1.50% | 1.22% |
GOVT iShares U.S. Treasury Bond ETF | 3.24% | 3.14% | 2.66% | 1.76% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% | 1.17% |
Drawdowns
GNMA vs. GOVT - Drawdown Comparison
The maximum GNMA drawdown since its inception was -17.09%, smaller than the maximum GOVT drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for GNMA and GOVT. For additional features, visit the drawdowns tool.
Volatility
GNMA vs. GOVT - Volatility Comparison
iShares GNMA Bond ETF (GNMA) has a higher volatility of 1.54% compared to iShares U.S. Treasury Bond ETF (GOVT) at 1.37%. This indicates that GNMA's price experiences larger fluctuations and is considered to be riskier than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.