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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOVI or BOND.
Correlation
The correlation between GOVI and BOND is 0.80, 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.
Performance
GOVI vs. BOND - Performance Comparison
Key characteristics
GOVI:
0.08
BOND:
0.88
GOVI:
0.18
BOND:
1.28
GOVI:
1.02
BOND:
1.15
GOVI:
0.03
BOND:
0.39
GOVI:
0.17
BOND:
2.42
GOVI:
4.27%
BOND:
1.94%
GOVI:
8.82%
BOND:
5.30%
GOVI:
-32.70%
BOND:
-19.71%
GOVI:
-25.36%
BOND:
-6.07%
Returns By Period
In the year-to-date period, GOVI achieves a 1.21% return, which is significantly higher than BOND's 1.11% return. Over the past 10 years, GOVI has underperformed BOND with an annualized return of 0.09%, while BOND has yielded a comparatively higher 1.72% annualized return.
GOVI
1.21%
2.97%
-3.68%
1.67%
-3.33%
0.09%
BOND
1.11%
2.39%
0.02%
5.42%
-0.05%
1.72%
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GOVI vs. BOND - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is lower than BOND's 0.57% expense ratio.
Risk-Adjusted Performance
GOVI vs. BOND — Risk-Adjusted Performance Rank
GOVI
BOND
GOVI vs. BOND - Risk-Adjusted Performance 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.
Dividends
GOVI vs. BOND - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.57%, less than BOND's 5.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | 3.57% | 3.57% | 2.88% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% | 2.30% |
BOND PIMCO Active Bond ETF | 5.04% | 5.02% | 4.78% | 3.44% | 2.58% | 2.66% | 3.38% | 3.47% | 2.87% | 2.85% | 4.14% | 4.13% |
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. For additional features, visit the drawdowns tool.
Volatility
GOVI vs. BOND - Volatility Comparison
Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a higher volatility of 2.51% compared to PIMCO Active Bond ETF (BOND) at 1.77%. 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.