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 -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GNMA vs. GOVT - Performance Comparison
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Key characteristics
GNMA:
0.96
GOVT:
0.84
GNMA:
1.44
GOVT:
1.24
GNMA:
1.17
GOVT:
1.16
GNMA:
0.53
GOVT:
0.32
GNMA:
2.60
GOVT:
2.25
GNMA:
2.21%
GOVT:
2.24%
GNMA:
5.98%
GOVT:
6.00%
GNMA:
-17.09%
GOVT:
-19.78%
GNMA:
-4.94%
GOVT:
-11.13%
Returns By Period
In the year-to-date period, GNMA achieves a 2.63% return, which is significantly higher than GOVT's 0.11% return. Both investments have delivered pretty close results over the past 10 years, with GNMA having a 0.86% annualized return and GOVT not far ahead at 0.89%.
GNMA
2.63%
1.03%
1.66%
5.91%
-0.97%
0.86%
GOVT
0.11%
0.50%
1.60%
5.24%
-1.99%
0.89%
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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.
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Dividends
GNMA vs. GOVT - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.14%, more than GOVT's 3.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.14% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.61% | 2.41% | 2.15% | 1.89% | 1.50% | 1.22% |
GOVT iShares U.S. Treasury Bond ETF | 3.35% | 3.14% | 2.65% | 1.77% | 0.96% | 1.28% | 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 -19.78%. Use the drawdown chart below to compare losses from any high point for GNMA and GOVT. For additional features, visit the drawdowns tool.
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Volatility
GNMA vs. GOVT - Volatility Comparison
iShares GNMA Bond ETF (GNMA) has a higher volatility of 2.01% compared to iShares U.S. Treasury Bond ETF (GOVT) at 1.53%. 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.
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