GOVI vs. SPTL
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and SPDR Portfolio Long Term Treasury ETF (SPTL).
GOVI and SPTL 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. SPTL is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on May 23, 2007. Both GOVI and SPTL 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 SPTL.
Correlation
The correlation between GOVI and SPTL 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.
Performance
GOVI vs. SPTL - Performance Comparison
Key characteristics
GOVI:
0.16
SPTL:
0.01
GOVI:
0.28
SPTL:
0.10
GOVI:
1.03
SPTL:
1.01
GOVI:
0.05
SPTL:
0.00
GOVI:
0.33
SPTL:
0.02
GOVI:
4.31%
SPTL:
6.06%
GOVI:
8.85%
SPTL:
12.52%
GOVI:
-32.70%
SPTL:
-46.20%
GOVI:
-25.55%
SPTL:
-39.11%
Returns By Period
In the year-to-date period, GOVI achieves a 0.95% return, which is significantly lower than SPTL's 1.16% return. Over the past 10 years, GOVI has outperformed SPTL with an annualized return of 0.17%, while SPTL has yielded a comparatively lower -0.66% annualized return.
GOVI
0.95%
1.10%
-4.97%
1.48%
-3.54%
0.17%
SPTL
1.16%
1.50%
-7.62%
0.22%
-6.50%
-0.66%
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GOVI vs. SPTL - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is higher than SPTL'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%.
Risk-Adjusted Performance
GOVI vs. SPTL — Risk-Adjusted Performance Rank
GOVI
SPTL
GOVI vs. SPTL - 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 SPDR Portfolio Long Term Treasury ETF (SPTL). 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.
Dividends
GOVI vs. SPTL - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.58%, less than SPTL's 4.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | 3.29% | 3.57% | 2.88% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% | 2.30% |
SPTL SPDR Portfolio Long Term Treasury ETF | 4.01% | 4.03% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% | 2.64% |
Drawdowns
GOVI vs. SPTL - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, smaller than the maximum SPTL drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for GOVI and SPTL. For additional features, visit the drawdowns tool.
Volatility
GOVI vs. SPTL - Volatility Comparison
The current volatility for Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) is 2.39%, while SPDR Portfolio Long Term Treasury ETF (SPTL) has a volatility of 3.59%. This indicates that GOVI experiences smaller price fluctuations and is considered to be less risky than SPTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.