GOVI vs. BOND
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and PIMCO Active Bond ETF (BOND).
GOVI and BOND 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. BOND is an actively managed fund by PIMCO. It was launched on Mar 1, 2012.
Performance
GOVI vs. BOND - Performance Comparison
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GOVI vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | -0.06% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
BOND PIMCO Active Bond ETF | -0.02% | 8.39% | 2.77% | 6.48% | -14.57% | -0.77% | 7.80% | 8.54% | 0.08% | 4.76% |
Returns By Period
In the year-to-date period, GOVI achieves a -0.06% return, which is significantly lower than BOND's -0.02% return. Over the past 10 years, GOVI has underperformed BOND with an annualized return of 0.10%, while BOND has yielded a comparatively higher 2.24% annualized return.
GOVI
- 1D
- 0.15%
- 1M
- -3.00%
- YTD
- -0.06%
- 6M
- 0.13%
- 1Y
- 1.84%
- 3Y*
- 0.38%
- 5Y*
- -2.40%
- 10Y*
- 0.10%
BOND
- 1D
- 0.25%
- 1M
- -2.06%
- YTD
- -0.02%
- 6M
- 1.43%
- 1Y
- 5.07%
- 3Y*
- 4.76%
- 5Y*
- 0.62%
- 10Y*
- 2.24%
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GOVI vs. BOND - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is lower than BOND's 0.54% expense ratio.
Return for Risk
GOVI vs. BOND — Risk / Return Rank
GOVI
BOND
GOVI vs. BOND - 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 PIMCO Active Bond ETF (BOND). 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 | BOND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 1.08 | -0.83 |
Sortino ratioReturn per unit of downside risk | 0.39 | 1.51 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.58 | -1.17 |
Martin ratioReturn relative to average drawdown | 0.97 | 4.65 | -3.68 |
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 | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.08 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.11 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.44 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.63 | -0.31 |
Correlation
The correlation between GOVI and BOND is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GOVI vs. BOND - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.81%, less than BOND's 5.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | 3.81% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
BOND PIMCO Active Bond ETF | 5.18% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
Drawdowns
GOVI vs. BOND - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than BOND's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for GOVI and BOND.
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Drawdown Indicators
| GOVI | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -19.71% | -12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -3.29% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -19.71% | -8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -19.71% | -12.99% |
Current DrawdownCurrent decline from peak | -22.00% | -2.06% | -19.94% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -3.53% | -6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 1.12% | +1.39% |
Volatility
GOVI vs. BOND - Volatility Comparison
Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a higher volatility of 2.69% compared to PIMCO Active Bond ETF (BOND) at 1.82%. This indicates that GOVI's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVI | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 1.82% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 2.70% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.53% | 4.72% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.85% | 5.73% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.11% | 5.07% | +4.04% |