GOVI vs. SPY
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and SPDR S&P 500 ETF (SPY).
GOVI and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both GOVI and SPY 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 SPY.
Correlation
The correlation between GOVI and SPY is -0.28. 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. SPY - Performance Comparison
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Key characteristics
GOVI:
0.12
SPY:
0.64
GOVI:
0.43
SPY:
1.16
GOVI:
1.05
SPY:
1.17
GOVI:
0.09
SPY:
0.79
GOVI:
0.50
SPY:
3.04
GOVI:
4.84%
SPY:
4.87%
GOVI:
9.23%
SPY:
20.29%
GOVI:
-32.70%
SPY:
-55.19%
GOVI:
-25.39%
SPY:
-3.38%
Returns By Period
In the year-to-date period, GOVI achieves a 1.17% return, which is significantly higher than SPY's 1.05% return. Over the past 10 years, GOVI has underperformed SPY with an annualized return of 0.38%, while SPY has yielded a comparatively higher 12.69% annualized return.
GOVI
1.17%
-0.79%
0.04%
1.06%
-5.34%
0.38%
SPY
1.05%
9.83%
0.15%
12.87%
17.33%
12.69%
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GOVI vs. SPY - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is higher than SPY's 0.09% 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. SPY — Risk-Adjusted Performance Rank
GOVI
SPY
GOVI vs. SPY - 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 S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.64%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Years Treasury ETF | 3.64% | 3.57% | 2.88% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% | 2.30% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GOVI vs. SPY - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GOVI and SPY. For additional features, visit the drawdowns tool.
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Volatility
GOVI vs. SPY - Volatility Comparison
The current volatility for Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) is 2.65%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.19%. This indicates that GOVI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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