GOVI vs. SPTB
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and State Street SPDR Portfolio Treasury ETF (SPTB).
GOVI and SPTB 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. SPTB is a passively managed fund by State Street that tracks the performance of the Bloomberg U.S. Treasury Index. It was launched on May 20, 2024. Both GOVI and SPTB 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. SPTB - Performance Comparison
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GOVI vs. SPTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | -0.26% | 5.84% | 0.36% |
SPTB State Street SPDR Portfolio Treasury ETF | 0.07% | 6.14% | 2.17% |
Returns By Period
In the year-to-date period, GOVI achieves a -0.26% return, which is significantly lower than SPTB's 0.07% 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%
SPTB
- 1D
- -0.05%
- 1M
- -1.36%
- YTD
- 0.07%
- 6M
- 0.58%
- 1Y
- 2.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GOVI vs. SPTB - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is higher than SPTB'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%.
Return for Risk
GOVI vs. SPTB — Risk / Return Rank
GOVI
SPTB
GOVI vs. SPTB - 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 State Street SPDR Portfolio Treasury ETF (SPTB). 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 | SPTB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.72 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.25 | 1.07 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | 1.21 | -0.93 |
Martin ratioReturn relative to average drawdown | 0.65 | 3.09 | -2.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOVI | SPTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.72 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.01 | -0.69 |
Correlation
The correlation between GOVI and SPTB is 0.96, 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. SPTB - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.82%, less than SPTB's 4.21% 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% |
SPTB State Street SPDR Portfolio Treasury ETF | 4.21% | 4.23% | 2.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOVI vs. SPTB - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than SPTB's maximum drawdown of -4.96%. Use the drawdown chart below to compare losses from any high point for GOVI and SPTB.
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Drawdown Indicators
| GOVI | SPTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -4.96% | -27.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -2.67% | -3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | — | — |
Current DrawdownCurrent decline from peak | -22.15% | -1.80% | -20.35% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -1.28% | -8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.04% | +1.48% |
Volatility
GOVI vs. SPTB - Volatility Comparison
Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) has a higher volatility of 2.69% compared to State Street SPDR Portfolio Treasury ETF (SPTB) at 1.44%. This indicates that GOVI's price experiences larger fluctuations and is considered to be riskier than SPTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVI | SPTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 1.44% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 2.44% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 4.10% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.85% | 4.50% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.10% | 4.50% | +4.60% |