GOVI vs. IEF

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and iShares 7-10 Year Treasury Bond ETF (IEF).

GOVI and IEF 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. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002. Both GOVI and IEF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GOVI vs. IEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and iShares 7-10 Year Treasury Bond ETF (IEF). The values are adjusted to include any dividend payments, if applicable.

GOVI vs. IEF - 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%
IEF iShares 7-10 Year Treasury Bond ETF	-0.22%	8.03%	-0.63%	3.64%	-15.15%	-3.33%	10.01%	8.03%	0.99%	2.55%

Returns By Period

In the year-to-date period, GOVI achieves a -0.26% return, which is significantly lower than IEF's -0.22% return. Over the past 10 years, GOVI has underperformed IEF with an annualized return of 0.08%, while IEF has yielded a comparatively higher 0.78% 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%

IEF

• 1D: -0.09%
• 1M: -1.82%
• YTD: -0.22%
• 6M: 0.37%
• 1Y: 3.49%
• 3Y*: 2.22%
• 5Y*: -0.78%
• 10Y*: 0.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOVI vs. IEF - Expense Ratio Comparison

Both GOVI and IEF have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

GOVI

Invesco Equal Weight 0-30 Years Treasury ETF

IEF

iShares 7-10 Year Treasury Bond ETF

Return for Risk

GOVI vs. IEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOVI

GOVI Risk / Return Rank: 15
GOVI Sharpe Ratio Rank: 15
GOVI Sortino Ratio Rank: 13
GOVI Omega Ratio Rank: 13
GOVI Calmar Ratio Rank: 17
GOVI Martin Ratio Rank: 16

IEF

IEF Risk / Return Rank: 34
IEF Sharpe Ratio Rank: 33
IEF Sortino Ratio Rank: 32
IEF Omega Ratio Rank: 26
IEF Calmar Ratio Rank: 44
IEF Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOVI vs. IEF - 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 iShares 7-10 Year Treasury Bond ETF (IEF). 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	IEF	Difference
Sharpe ratio Return per unit of total volatility	0.15	0.66	-0.51
Sortino ratio Return per unit of downside risk	0.25	0.97	-0.72
Omega ratio Gain probability vs. loss probability	1.03	1.11	-0.08
Calmar ratio Return relative to maximum drawdown	0.28	1.20	-0.92
Martin ratio Return relative to average drawdown	0.65	2.98	-2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOVI vs. IEF - Sharpe Ratio Comparison

The current GOVI Sharpe Ratio is 0.15, which is lower than the IEF Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of GOVI and IEF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOVI	IEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	0.66	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	-0.10	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	0.12	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.51	-0.19

Correlation

The correlation between GOVI and IEF is 0.94, 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. IEF - Dividend Comparison

GOVI's dividend yield for the trailing twelve months is around 3.82%, which matches IEF's 3.85% 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%
IEF iShares 7-10 Year Treasury Bond ETF	3.85%	3.77%	3.62%	2.91%	1.96%	0.83%	1.08%	2.08%	2.24%	1.82%	1.81%	1.90%

Drawdowns

GOVI vs. IEF - Drawdown Comparison

The maximum GOVI drawdown since its inception was -32.70%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for GOVI and IEF.

Drawdown Indicators

	GOVI	IEF	Difference
Max Drawdown Largest peak-to-trough decline	-32.70%	-23.93%	-8.77%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-3.22%	-2.61%
Max Drawdown (5Y) Largest decline over 5 years	-28.30%	-21.40%	-6.90%
Max Drawdown (10Y) Largest decline over 10 years	-32.70%	-23.93%	-8.77%
Current Drawdown Current decline from peak	-22.15%	-10.96%	-11.19%
Average Drawdown Average peak-to-trough decline	-9.53%	-5.30%	-4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	1.29%	+1.23%

Volatility

GOVI vs. IEF - Volatility Comparison

Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a higher volatility of 2.69% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.91%. This indicates that GOVI's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOVI	IEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	1.91%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	3.22%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	7.51%	5.35%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.85%	7.70%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.10%	6.63%	+2.47%