GOVI vs. SCHZ
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and Schwab U.S. Aggregate Bond ETF (SCHZ).
GOVI and SCHZ 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. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011. Both GOVI and SCHZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOVI or SCHZ.
Correlation
The correlation between GOVI and SCHZ is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GOVI vs. SCHZ - Performance Comparison
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Key characteristics
GOVI:
0.15
SCHZ:
0.85
GOVI:
0.40
SCHZ:
1.38
GOVI:
1.05
SCHZ:
1.16
GOVI:
0.08
SCHZ:
0.40
GOVI:
0.45
SCHZ:
2.30
GOVI:
4.86%
SCHZ:
2.17%
GOVI:
9.17%
SCHZ:
5.35%
GOVI:
-32.70%
SCHZ:
-18.74%
GOVI:
-25.28%
SCHZ:
-7.42%
Returns By Period
In the year-to-date period, GOVI achieves a 1.32% return, which is significantly lower than SCHZ's 2.09% return. Over the past 10 years, GOVI has underperformed SCHZ with an annualized return of 0.44%, while SCHZ has yielded a comparatively higher 1.45% annualized return.
GOVI
1.32%
-1.18%
0.34%
1.36%
-5.31%
0.44%
SCHZ
2.09%
-0.10%
1.92%
4.50%
-0.96%
1.45%
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GOVI vs. SCHZ - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is higher than SCHZ's 0.04% 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%.
Risk-Adjusted Performance
GOVI vs. SCHZ — Risk-Adjusted Performance Rank
GOVI
SCHZ
GOVI vs. SCHZ - 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 Schwab U.S. Aggregate Bond ETF (SCHZ). 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.
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Dividends
GOVI vs. SCHZ - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.63%, less than SCHZ's 4.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | 3.63% | 3.57% | 2.88% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% | 2.30% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.04% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.79% | 2.40% | 2.24% | 2.11% | 2.03% |
Drawdowns
GOVI vs. SCHZ - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than SCHZ's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for GOVI and SCHZ. For additional features, visit the drawdowns tool.
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Volatility
GOVI vs. SCHZ - Volatility Comparison
Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a higher volatility of 2.59% compared to Schwab U.S. Aggregate Bond ETF (SCHZ) at 1.47%. This indicates that GOVI's price experiences larger fluctuations and is considered to be riskier than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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