GOVI vs. BNDD
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and Quadratic Deflation ETF (BNDD).
GOVI and BNDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOVI is a passively managed fund by Invesco that tracks the performance of the ICE BofA Laddered Maturity US Treasury (1-30 Y). It was launched on Oct 11, 2007. BNDD is an actively managed fund by Quadratic. It was launched on Sep 16, 2021.
Performance
GOVI vs. BNDD - Performance Comparison
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GOVI vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | -0.26% | 5.84% | -2.95% | 3.31% | -19.98% | -1.45% |
BNDD Quadratic Deflation ETF | 3.43% | -8.17% | -6.65% | 4.02% | -17.48% | 5.54% |
Returns By Period
In the year-to-date period, GOVI achieves a -0.26% return, which is significantly lower than BNDD's 3.43% return.
GOVI
- 1D
- -0.20%
- 1M
- -2.46%
- YTD
- -0.26%
- 6M
- -0.32%
- 1Y
- 1.09%
- 3Y*
- 0.32%
- 5Y*
- -2.44%
- 10Y*
- 0.08%
BNDD
- 1D
- 0.21%
- 1M
- -0.46%
- YTD
- 3.43%
- 6M
- 0.20%
- 1Y
- -5.98%
- 3Y*
- -4.56%
- 5Y*
- —
- 10Y*
- —
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GOVI vs. BNDD - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is lower than BNDD's 1.04% expense ratio.
Return for Risk
GOVI vs. BNDD — Risk / Return Rank
GOVI
BNDD
GOVI vs. BNDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and Quadratic Deflation ETF (BNDD). 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.
| GOVI | BNDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | -0.49 | +0.63 |
Sortino ratioReturn per unit of downside risk | 0.25 | -0.58 | +0.83 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.93 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.45 | +0.73 |
Martin ratioReturn relative to average drawdown | 0.65 | -0.68 | +1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOVI | BNDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | -0.49 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | -0.35 | +0.67 |
Correlation
The correlation between GOVI and BNDD is 0.67, 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.
Dividends
GOVI vs. BNDD - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.82%, more than BNDD's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | 3.82% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
BNDD Quadratic Deflation ETF | 3.63% | 3.82% | 3.85% | 4.30% | 43.17% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOVI vs. BNDD - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than BNDD's maximum drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for GOVI and BNDD.
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Drawdown Indicators
| GOVI | BNDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -30.87% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -10.93% | +5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | — | — |
Current DrawdownCurrent decline from peak | -22.15% | -27.13% | +4.98% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -19.04% | +9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 7.27% | -4.75% |
Volatility
GOVI vs. BNDD - Volatility Comparison
The current volatility for Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) is 2.69%, while Quadratic Deflation ETF (BNDD) has a volatility of 3.47%. This indicates that GOVI experiences smaller price fluctuations and is considered to be less risky than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVI | BNDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 3.47% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 8.07% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 12.39% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.85% | 13.55% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.10% | 13.55% | -4.45% |