GOVZ vs. IBIT
GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - GOVZ is a Government Bonds fund tracking the ICE BofA Long US Treasury Principal STRIPS Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, GOVZ returned -7.04% vs -43.69% for IBIT. Their 0.02 correlation means their historical movements had little consistent relationship. GOVZ charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
GOVZ vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, GOVZ achieves a -6.61% return, which is significantly higher than IBIT's -27.17% return.
GOVZ
- 1D
- 0.34%
- 1M
- -6.59%
- 6M
- -5.59%
- YTD
- -6.61%
- 1Y
- -7.04%
- 3Y*
- -6.86%
- 5Y*
- -14.55%
- 10Y*
- —
- ALL TIME*
- -14.11%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.32M | $6.57M | $8.03M | |
| $1.33B | $1.34B | $1.65B |
GOVZ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -6.61% | -1.81% | -12.02% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between GOVZ and IBIT is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.02 |
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Return for Risk
GOVZ vs. IBIT — Risk / Return Rank
GOVZ
IBIT
GOVZ vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) and iShares Bitcoin Trust ETF (IBIT). 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.
| GOVZ | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.84 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.82 | +0.35 |
| Martin ratioReturn relative to average drawdown | -0.96 | -1.26 | +0.29 |
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Drawdowns
GOVZ vs. IBIT - Drawdown Comparison
The maximum GOVZ drawdown since its inception was -59.65%, which is greater than IBIT's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for GOVZ and IBIT.
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Drawdown Indicators
| GOVZ | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.65% | -53.30% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -14.87% | -53.30% | +38.43% |
Max Drawdown (3Y)Largest decline over 3 years | -26.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | — | — |
Current DrawdownCurrent decline from peak | -58.96% | -49.28% | -9.68% |
Average DrawdownAverage peak-to-trough decline | -40.35% | -18.29% | -22.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.33% | 34.80% | -27.47% |
Volatility
GOVZ vs. IBIT - Volatility Comparison
The current volatility for iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) is 4.53%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that GOVZ experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVZ | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 8.98% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 33.79% | -22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 44.48% | -28.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.80% | 49.57% | -25.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.17% | 49.57% | -26.40% |
GOVZ vs. IBIT - Expense Ratio Comparison
GOVZ has a 0.15% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GOVZ vs. IBIT - Dividend Comparison
GOVZ's dividend yield for the trailing twelve months is around 5.53%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.53% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOVZ and IBIT have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.98%) compared to GOVZ (4.53%). In terms of maximum drawdown, GOVZ dropped -59.65% vs IBIT's -53.30%.
On 1-year performance, GOVZ leads with -7.04% vs -43.69% for IBIT. On fees, GOVZ is cheaper at 0.15% per year. On volatility, GOVZ has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GOVZ has performed better with a -7.04% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOVZ is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
GOVZ has the higher dividend yield at 5.53%, compared with 0.00% for IBIT.
GOVZ is categorized as Government Bonds, while IBIT is Cryptocurrency. GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for GOVZ and 0.25% for IBIT.
GOVZ currently has the higher Sharpe Ratio (-0.46 vs -0.99), 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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