GOVI vs. IUSB
GOVI (Invesco Equal Weight 0-30 Year Treasury ETF) and IUSB (iShares Core Universal USD Bond 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 IUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index. Both are passively managed. Over the past 10 years, GOVI returned -0.51%/yr vs 1.70%/yr for IUSB. Their correlation of 0.83 means they have usually moved in the same direction. GOVI charges 0.15%/yr vs 0.06%/yr for IUSB.
Performance
GOVI vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, GOVI achieves a -2.29% return, which is significantly lower than IUSB's -0.29% return. Over the past 10 years, GOVI has underperformed IUSB with an annualized return of -0.51%, while IUSB has yielded a comparatively higher 1.70% annualized return.
GOVI
- 1D
- -0.45%
- 1M
- -2.40%
- 6M
- -2.30%
- YTD
- -2.29%
- 1Y
- -0.55%
- 3Y*
- 1.08%
- 5Y*
- -3.88%
- 10Y*
- -0.51%
- ALL TIME*
- 2.87%
IUSB
- 1D
- -0.21%
- 1M
- -1.11%
- 6M
- -0.52%
- YTD
- -0.29%
- 1Y
- 2.26%
- 3Y*
- 4.42%
- 5Y*
- -0.01%
- 10Y*
- 1.70%
- ALL TIME*
- 2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.66M | $4.82M | $7.27M | |
| $142.04M | $149.14M | $266.40M |
GOVI vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | -2.29% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
IUSB iShares Core Universal USD Bond ETF | -0.29% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
Correlation
The correlation between GOVI and IUSB is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.83 |
The correlation between GOVI and IUSB shifts across timeframes, from 0.83 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GOVI vs. IUSB — Risk / Return Rank
GOVI
IUSB
GOVI vs. IUSB - 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 iShares Core Universal USD Bond ETF (IUSB). 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 | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.15 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.22 | -1.10 |
| Martin ratioReturn relative to average drawdown | 0.26 | 3.12 | -2.85 |
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Drawdowns
GOVI vs. IUSB - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than IUSB's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for GOVI and IUSB.
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Drawdown Indicators
| GOVI | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -17.90% | -14.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -2.53% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -9.49% | -4.81% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -17.87% | -10.43% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -17.90% | -14.80% |
Current DrawdownCurrent decline from peak | -23.74% | -2.03% | -21.71% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -3.56% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.98% | +1.39% |
Volatility
GOVI vs. IUSB - Volatility Comparison
Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) has a higher volatility of 1.63% compared to iShares Core Universal USD Bond ETF (IUSB) at 0.92%. This indicates that GOVI's price experiences larger fluctuations and is considered to be riskier than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVI | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 0.92% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 2.82% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 3.55% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.81% | 5.80% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 5.04% | +4.03% |
GOVI vs. IUSB - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is higher than IUSB's 0.06% expense ratio. However, 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. IUSB - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.95%, less than IUSB's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | 3.95% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
IUSB iShares Core Universal USD Bond ETF | 3.92% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
With a correlation of 0.94, GOVI and IUSB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GOVI has higher volatility (1.63%) compared to IUSB (0.92%). In terms of maximum drawdown, GOVI dropped -32.70% vs IUSB's -17.90%.
On 10-year performance, IUSB leads with 1.70% vs -0.51% for GOVI. On fees, IUSB is cheaper at 0.06% per year. On volatility, IUSB has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IUSB has performed better with a 1.70% return vs -0.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.15% for GOVI.
GOVI has the higher dividend yield at 3.95%, compared with 3.92% for IUSB.
GOVI is categorized as Government Bonds, while IUSB is Intermediate Core-Plus Bond. GOVI tracks ICE 1-30 Year Laddered Maturity U.S. Treasury Index, while IUSB tracks Bloomberg U.S. Universal Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for GOVI and 0.06% for IUSB.
IUSB currently has the higher Sharpe Ratio (0.87 vs 0.10), 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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