GOVI vs. ^GSPC
Compare and contrast key facts about Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOVI or ^GSPC.
Correlation
The correlation between GOVI and ^GSPC is -0.29. 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. ^GSPC - Performance Comparison
Key characteristics
GOVI:
0.16
^GSPC:
1.77
GOVI:
0.28
^GSPC:
2.39
GOVI:
1.03
^GSPC:
1.32
GOVI:
0.05
^GSPC:
2.66
GOVI:
0.33
^GSPC:
10.85
GOVI:
4.31%
^GSPC:
2.08%
GOVI:
8.85%
^GSPC:
12.79%
GOVI:
-32.70%
^GSPC:
-56.78%
GOVI:
-25.55%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, GOVI achieves a 0.95% return, which is significantly lower than ^GSPC's 4.22% return. Over the past 10 years, GOVI has underperformed ^GSPC with an annualized return of 0.17%, while ^GSPC has yielded a comparatively higher 11.29% annualized return.
GOVI
0.95%
1.10%
-4.97%
1.48%
-3.54%
0.17%
^GSPC
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
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Risk-Adjusted Performance
GOVI vs. ^GSPC — Risk-Adjusted Performance Rank
GOVI
^GSPC
GOVI vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
GOVI vs. ^GSPC - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for GOVI and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
GOVI vs. ^GSPC - Volatility Comparison
The current volatility for Invesco Equal Weight 0-30 Years Treasury ETF (GOVI) is 2.39%, while S&P 500 (^GSPC) has a volatility of 3.19%. This indicates that GOVI experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.