GOVZ vs. IBTE

Last updated Jun 4, 2026

GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds from iShares - GOVZ tracks the ICE BofA Long US Treasury Principal STRIPS Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. GOVZ charges 0.15%/yr vs 0.07%/yr for IBTE.

Performance

GOVZ vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GOVZ

• 1D: -0.50%
• 1M: 1.73%
• YTD: -0.94%
• 6M: -4.35%
• 1Y: 3.91%
• 3Y*: -7.43%
• 5Y*: -11.53%
• 10Y*: —

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOVZ vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF	-1.26%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

GOVZ vs. IBTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOVZ

GOVZ Risk / Return Rank: 12
GOVZ Sharpe Ratio Rank: 12
GOVZ Sortino Ratio Rank: 12
GOVZ Omega Ratio Rank: 11
GOVZ Calmar Ratio Rank: 12
GOVZ Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOVZ vs. IBTE - 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 iBonds Dec 2024 Term Treasury ETF (IBTE). 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	IBTE	Difference
Sharpe ratio: Return per unit of total volatility	0.24	—	—
Sortino ratio: Return per unit of downside risk	0.47	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.28	—	—
Martin ratio: Return relative to average drawdown	0.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GOVZ	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	—	—

Drawdowns

GOVZ vs. IBTE - Drawdown Comparison

The maximum GOVZ drawdown since its inception was -59.65%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GOVZ and IBTE.

Drawdown Indicators

	GOVZ	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-59.65%	0.00%	-59.65%
Max Drawdown (1Y) Largest decline over 1 year	-14.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-57.63%	—	—
Current Drawdown Current decline from peak	-56.47%	0.00%	-56.47%
Average Drawdown Average peak-to-trough decline	-39.91%	0.00%	-39.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.21%	—	—

Volatility

Volatility by Period

	GOVZ	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.26%	0.00%	+16.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.93%	0.00%	+23.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	0.00%	+23.35%

GOVZ vs. IBTE - Expense Ratio Comparison

GOVZ has a 0.15% expense ratio, which is higher than IBTE's 0.07% 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

GOVZ vs. IBTE - Dividend Comparison

GOVZ's dividend yield for the trailing twelve months is around 5.18%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF	5.18%	5.00%	4.68%	3.84%	3.69%	1.76%	0.39%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, GOVZ or IBTE?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOVZ or IBTE?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.15% for GOVZ.

Which ETF pays a higher dividend yield, GOVZ or IBTE?

GOVZ has the higher dividend yield at 5.18%, compared with 0.00% for IBTE.

What is the main difference between GOVZ and IBTE?

GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index, while IBTE tracks ICE 2024 Maturity US Treasury Index. Their fees differ too: 0.15% for GOVZ and 0.07% for IBTE.