GOVI vs. SCHZ

Last updated Apr 2, 2026

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 Bond Index. 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.

Performance

GOVI vs. SCHZ - 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 Schwab U.S. Aggregate Bond ETF (SCHZ). The values are adjusted to include any dividend payments, if applicable.

GOVI vs. SCHZ - 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%
SCHZ Schwab U.S. Aggregate Bond ETF	0.13%	7.24%	1.26%	5.60%	-13.17%	-1.72%	7.46%	8.65%	-0.26%	3.50%

Returns By Period

In the year-to-date period, GOVI achieves a -0.26% return, which is significantly lower than SCHZ's 0.13% return. Over the past 10 years, GOVI has underperformed SCHZ with an annualized return of 0.08%, while SCHZ has yielded a comparatively higher 1.62% 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%

SCHZ

• 1D: 0.08%
• 1M: -1.32%
• YTD: 0.13%
• 6M: 0.79%
• 1Y: 4.07%
• 3Y*: 3.59%
• 5Y*: 0.21%
• 10Y*: 1.62%

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

GOVI vs. SCHZ - Expense Ratio Comparison

GOVI has a 0.15% expense ratio, which is higher than SCHZ's 0.03% 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%.

GOVI

Invesco Equal Weight 0-30 Years Treasury ETF

SCHZ

Schwab U.S. Aggregate Bond ETF

Return for Risk

GOVI vs. SCHZ — 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

SCHZ

SCHZ Risk / Return Rank: 52
SCHZ Sharpe Ratio Rank: 51
SCHZ Sortino Ratio Rank: 48
SCHZ Omega Ratio Rank: 41
SCHZ Calmar Ratio Rank: 68
SCHZ Martin Ratio Rank: 51

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. SCHZ - 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 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.

	GOVI	SCHZ	Difference
Sharpe ratio Return per unit of total volatility	0.15	0.96	-0.81
Sortino ratio Return per unit of downside risk	0.25	1.36	-1.11
Omega ratio Gain probability vs. loss probability	1.03	1.17	-0.14
Calmar ratio Return relative to maximum drawdown	0.28	1.79	-1.51
Martin ratio Return relative to average drawdown	0.65	5.11	-4.46
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. SCHZ - Sharpe Ratio Comparison

The current GOVI Sharpe Ratio is 0.15, which is lower than the SCHZ Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of GOVI and SCHZ, 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	SCHZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	0.96	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.04	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	0.30	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.44	-0.12

Correlation

The correlation between GOVI and SCHZ is 0.87, 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. SCHZ - Dividend Comparison

GOVI's dividend yield for the trailing twelve months is around 3.82%, less than SCHZ's 4.10% 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%
SCHZ Schwab U.S. Aggregate Bond ETF	4.10%	4.05%	3.96%	3.28%	2.63%	2.16%	2.43%	2.79%	2.56%	2.40%	2.24%	2.11%

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.

Drawdown Indicators

	GOVI	SCHZ	Difference
Max Drawdown Largest peak-to-trough decline	-32.70%	-18.74%	-13.96%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-2.51%	-3.32%
Max Drawdown (5Y) Largest decline over 5 years	-28.30%	-18.01%	-10.29%
Max Drawdown (10Y) Largest decline over 10 years	-32.70%	-18.74%	-13.96%
Current Drawdown Current decline from peak	-22.15%	-2.63%	-19.52%
Average Drawdown Average peak-to-trough decline	-9.53%	-3.70%	-5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	0.88%	+1.64%

Volatility

GOVI vs. SCHZ - Volatility Comparison

Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a higher volatility of 2.69% compared to Schwab U.S. Aggregate Bond ETF (SCHZ) at 1.66%. 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.

Volatility by Period

	GOVI	SCHZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	1.66%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	4.43%	2.50%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	7.51%	4.29%	+3.22%
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%	5.40%	+3.70%