GOVZ vs. BIL
Compare and contrast key facts about iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
GOVZ and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOVZ is a passively managed fund by iShares that tracks the performance of the ICE BofA Long US Treasury Principal STRIPS Index. It was launched on Sep 22, 2020. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both GOVZ and BIL 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
GOVZ vs. BIL - Performance Comparison
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GOVZ vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -0.07% | -1.81% | -16.24% | 0.90% | -41.03% | -4.86% | -5.61% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | -0.01% |
Returns By Period
In the year-to-date period, GOVZ achieves a -0.07% return, which is significantly lower than BIL's 0.85% return.
GOVZ
- 1D
- -0.43%
- 1M
- -6.18%
- YTD
- -0.07%
- 6M
- -3.49%
- 1Y
- -6.30%
- 3Y*
- -8.76%
- 5Y*
- -10.89%
- 10Y*
- —
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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GOVZ vs. BIL - Expense Ratio Comparison
GOVZ has a 0.15% expense ratio, which is higher than BIL's 0.14% 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
GOVZ vs. BIL — Risk / Return Rank
GOVZ
BIL
GOVZ vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
| GOVZ | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.33 | 19.52 | -19.84 |
Sortino ratioReturn per unit of downside risk | -0.33 | 254.04 | -254.37 |
Omega ratioGain probability vs. loss probability | 0.96 | 180.28 | -179.32 |
Calmar ratioReturn relative to maximum drawdown | -0.29 | 365.54 | -365.83 |
Martin ratioReturn relative to average drawdown | -0.50 | 4,104.04 | -4,104.54 |
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
| GOVZ | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 19.52 | -19.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 12.54 | -13.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 2.72 | -3.31 |
Correlation
The correlation between GOVZ and BIL is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GOVZ vs. BIL - Dividend Comparison
GOVZ's dividend yield for the trailing twelve months is around 5.04%, more than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.04% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
GOVZ vs. BIL - Drawdown Comparison
The maximum GOVZ drawdown since its inception was -59.65%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for GOVZ and BIL.
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Drawdown Indicators
| GOVZ | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.65% | -0.78% | -58.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.08% | -0.01% | -16.07% |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | -0.12% | -57.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -56.09% | 0.00% | -56.09% |
Average DrawdownAverage peak-to-trough decline | -39.38% | -0.26% | -39.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.40% | 0.00% | +9.40% |
Volatility
GOVZ vs. BIL - Volatility Comparison
iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a higher volatility of 5.79% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that GOVZ's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVZ | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 0.05% | +5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 0.14% | +10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 0.21% | +19.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.95% | 0.26% | +23.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.61% | 0.26% | +23.35% |