GOVI vs. FGOVX
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and Fidelity Government Income Fund (FGOVX).
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. FGOVX is managed by Fidelity. It was launched on Apr 4, 1979.
Performance
GOVI vs. FGOVX - Performance Comparison
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GOVI vs. FGOVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | -0.26% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
FGOVX Fidelity Government Income Fund | -0.13% | 6.57% | 0.09% | 4.23% | -13.09% | -2.25% | 6.79% | 6.41% | 0.63% | 2.22% |
Returns By Period
In the year-to-date period, GOVI achieves a -0.26% return, which is significantly lower than FGOVX's -0.13% return. Over the past 10 years, GOVI has underperformed FGOVX with an annualized return of 0.08%, while FGOVX has yielded a comparatively higher 0.81% annualized 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%
FGOVX
- 1D
- 0.11%
- 1M
- -1.50%
- YTD
- -0.13%
- 6M
- 0.55%
- 1Y
- 3.06%
- 3Y*
- 2.54%
- 5Y*
- -0.49%
- 10Y*
- 0.81%
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GOVI vs. FGOVX - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is lower than FGOVX's 0.45% expense ratio.
Return for Risk
GOVI vs. FGOVX — Risk / Return Rank
GOVI
FGOVX
GOVI vs. FGOVX - 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 Fidelity Government Income Fund (FGOVX). 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 | FGOVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.80 | -0.65 |
Sortino ratioReturn per unit of downside risk | 0.25 | 1.16 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.14 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | 1.37 | -1.09 |
Martin ratioReturn relative to average drawdown | 0.65 | 3.62 | -2.97 |
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 | FGOVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.80 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.08 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.16 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.71 | -0.40 |
Correlation
The correlation between GOVI and FGOVX is 0.90, 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. FGOVX - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.82%, more than FGOVX's 3.13% 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% |
FGOVX Fidelity Government Income Fund | 3.13% | 3.37% | 3.20% | 2.57% | 1.13% | 0.60% | 2.39% | 2.10% | 2.08% | 1.81% | 2.69% | 2.25% |
Drawdowns
GOVI vs. FGOVX - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than FGOVX's maximum drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for GOVI and FGOVX.
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Drawdown Indicators
| GOVI | FGOVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -19.93% | -12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -2.86% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -18.00% | -10.30% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -19.93% | -12.77% |
Current DrawdownCurrent decline from peak | -22.15% | -7.12% | -15.03% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -3.92% | -5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.08% | +1.44% |
Volatility
GOVI vs. FGOVX - Volatility Comparison
Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a higher volatility of 2.69% compared to Fidelity Government Income Fund (FGOVX) at 1.50%. This indicates that GOVI's price experiences larger fluctuations and is considered to be riskier than FGOVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVI | FGOVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 1.50% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 2.56% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 4.32% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.85% | 6.06% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.10% | 5.03% | +4.07% |