GOVI vs. IDMO
GOVI (Invesco Equal Weight 0-30 Year Treasury ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - GOVI is a Government Bonds fund tracking the ICE 1-30 Year Laddered Maturity U.S. Treasury Index, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, GOVI returned -0.36%/yr vs 12.40%/yr for IDMO. At a correlation of -0.05, they often move in opposite directions. GOVI charges 0.15%/yr vs 0.25%/yr for IDMO.
Performance
GOVI vs. IDMO - Performance Comparison
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Returns By Period
In the year-to-date period, GOVI achieves a -0.64% return, which is significantly lower than IDMO's 7.56% return. Over the past 10 years, GOVI has underperformed IDMO with an annualized return of -0.36%, while IDMO has yielded a comparatively higher 12.40% annualized return.
GOVI
- 1D
- 0.17%
- 1M
- -0.69%
- 6M
- -0.88%
- YTD
- -0.64%
- 1Y
- 3.69%
- 3Y*
- 0.88%
- 5Y*
- -3.44%
- 10Y*
- -0.36%
IDMO
- 1D
- -0.66%
- 1M
- -2.44%
- 6M
- 4.42%
- YTD
- 7.56%
- 1Y
- 20.05%
- 3Y*
- 24.23%
- 5Y*
- 15.34%
- 10Y*
- 12.40%
GOVI vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | -0.64% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
IDMO Invesco S&P International Developed Momentum ETF | 7.56% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
Correlation
The correlation between GOVI and IDMO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | -0.05 |
The correlation between GOVI and IDMO shifts across timeframes, from -0.05 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOVI vs. IDMO — Risk / Return Rank
GOVI
IDMO
GOVI vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) and Invesco S&P International Developed Momentum ETF (IDMO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GOVI | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.64 | -0.96 |
| Martin ratioReturn relative to average drawdown | 1.68 | 6.39 | -4.71 |
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Drawdowns
GOVI vs. IDMO - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for GOVI and IDMO.
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Drawdown Indicators
| GOVI | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -39.38% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -12.31% | +6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -11.49% | -12.65% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -27.07% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -31.34% | -1.36% |
Current DrawdownCurrent decline from peak | -22.45% | -4.56% | -17.89% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -9.70% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 3.14% | -0.95% |
Volatility
GOVI vs. IDMO - Volatility Comparison
The current volatility for Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is 1.76%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 5.90%. This indicates that GOVI experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVI | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 5.90% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.80% | 16.88% | -12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 18.54% | -12.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.83% | 18.13% | -8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 17.89% | -8.82% |
GOVI vs. IDMO - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is lower than IDMO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GOVI vs. IDMO - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.85%, more than IDMO's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | 3.85% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
IDMO Invesco S&P International Developed Momentum ETF | 3.72% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
Frequently Asked Questions
GOVI and IDMO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (5.90%) compared to GOVI (1.76%). In terms of maximum drawdown, GOVI dropped -32.70% vs IDMO's -39.38%.
On 10-year performance, IDMO leads with 12.40% vs -0.36% for GOVI. On fees, GOVI is cheaper at 0.15% per year. On volatility, GOVI has been the lower-risk option at 1.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 12.40% return vs -0.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOVI is cheaper with a 0.15% expense ratio, compared with 0.25% for IDMO.
GOVI has the higher dividend yield at 3.85%, compared with 3.72% for IDMO.
GOVI is categorized as Government Bonds, while IDMO is Momentum. GOVI tracks ICE 1-30 Year Laddered Maturity U.S. Treasury Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their fees differ too: 0.15% for GOVI and 0.25% for IDMO.
IDMO currently has the higher Sharpe Ratio (1.09 vs 0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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