GOVI vs. VGIT
GOVI (Invesco Equal Weight 0-30 Year Treasury ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both Government Bonds funds - GOVI tracks the ICE 1-30 Year Laddered Maturity U.S. Treasury Index while VGIT tracks the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, GOVI returned -0.38%/yr vs 1.13%/yr for VGIT. Their correlation of 0.88 suggests significant overlap in exposure. GOVI charges 0.15%/yr vs 0.03%/yr for VGIT.
Performance
GOVI vs. VGIT - Performance Comparison
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Returns By Period
In the year-to-date period, GOVI achieves a -1.18% return, which is significantly lower than VGIT's -0.68% return. Over the past 10 years, GOVI has underperformed VGIT with an annualized return of -0.38%, while VGIT has yielded a comparatively higher 1.13% annualized return.
GOVI
- 1D
- -0.45%
- 1M
- -1.00%
- 6M
- -1.43%
- YTD
- -1.18%
- 1Y
- 2.65%
- 3Y*
- 0.80%
- 5Y*
- -3.43%
- 10Y*
- -0.38%
VGIT
- 1D
- -0.27%
- 1M
- -0.40%
- 6M
- -0.65%
- YTD
- -0.68%
- 1Y
- 2.56%
- 3Y*
- 3.46%
- 5Y*
- -0.10%
- 10Y*
- 1.13%
GOVI vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | -1.18% | 5.84% | -2.95% | 3.31% | -19.98% | -3.76% | 12.55% | 10.00% | -0.28% | 4.96% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.68% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
Correlation
The correlation between GOVI and VGIT is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.88 |
The correlation between GOVI and VGIT has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
GOVI vs. VGIT — Risk / Return Rank
GOVI
VGIT
GOVI vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GOVI | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.13 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.91 | -0.42 |
| Martin ratioReturn relative to average drawdown | 1.24 | 2.31 | -1.07 |
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Drawdowns
GOVI vs. VGIT - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for GOVI and VGIT.
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Drawdown Indicators
| GOVI | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -16.05% | -16.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | -2.83% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -11.49% | -4.34% | -7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | -15.02% | -13.28% |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | -16.05% | -16.65% |
Current DrawdownCurrent decline from peak | -22.87% | -2.61% | -20.26% |
Average DrawdownAverage peak-to-trough decline | -9.71% | -3.51% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.11% | +1.03% |
Volatility
GOVI vs. VGIT - Volatility Comparison
Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) has a higher volatility of 2.03% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.19%. This indicates that GOVI's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVI | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 1.19% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.82% | 2.55% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.38% | 3.38% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.84% | 5.39% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 4.49% | +4.58% |
GOVI vs. VGIT - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is higher than VGIT'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%.
Dividends
GOVI vs. VGIT - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.87%, which matches VGIT's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | 3.87% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.89% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
GOVI and VGIT have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOVI has higher volatility (2.03%) compared to VGIT (1.19%). In terms of maximum drawdown, GOVI dropped -32.70% vs VGIT's -16.05%.
On 10-year performance, VGIT leads with 1.13% vs -0.38% for GOVI. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VGIT has performed better with a 1.13% return vs -0.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.15% for GOVI.
VGIT has the higher dividend yield at 3.89%, compared with 3.87% for GOVI.
GOVI tracks ICE 1-30 Year Laddered Maturity U.S. Treasury Index, while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.15% for GOVI and 0.03% for VGIT.
VGIT currently has the higher Sharpe Ratio (0.76 vs 0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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