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ILTB vs. GOVT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ILTB vs. GOVT

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core 10+ Year USD Bond ETF (ILTB) and iShares U.S. Treasury Bond ETF (GOVT).

ILTB and GOVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ILTB is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Universal 10+ Year Index (USD). It was launched on Dec 8, 2009. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012. Both ILTB and GOVT 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

ILTB vs. GOVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core 10+ Year USD Bond ETF (ILTB) and iShares U.S. Treasury Bond ETF (GOVT). The values are adjusted to include any dividend payments, if applicable.

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ILTB vs. GOVT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ILTB
iShares Core 10+ Year USD Bond ETF		-0.57%7.22%-3.00%8.04%-26.62%-2.67%16.10%19.61%-5.10%11.24%
GOVT
iShares U.S. Treasury Bond ETF		0.02%3.77%2.95%4.17%-13.39%-1.11%7.28%7.36%0.26%2.19%

Returns By Period

In the year-to-date period, ILTB achieves a -0.57% return, which is significantly lower than GOVT's 0.02% return. Over the past 10 years, ILTB has outperformed GOVT with an annualized return of 1.54%, while GOVT has yielded a comparatively lower 0.95% annualized return.

ILTB

1D
0.09%
1M
-2.75%
YTD
-0.57%
6M
-0.94%
1Y
2.46%
3Y*
1.69%
5Y*
-2.64%
10Y*
1.54%

GOVT

1D
-0.05%
1M
-1.30%
YTD
0.02%
6M
0.58%
1Y
2.93%
3Y*
2.53%
5Y*
-0.25%
10Y*
0.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core 10+ Year USD Bond ETF

iShares U.S. Treasury Bond ETF

Often compared with ILTB:
ILTB vs. IMTBILTB vs. TLTILTB vs. VCLTILTB vs. DIALILTB vs. BLVILTB vs. IEFILTB vs. BND
Often compared with GOVT:
GOVT vs. VGITGOVT vs. BNDGOVT vs. TLTGOVT vs. IEFGOVT vs. SHVGOVT vs. GOVZGOVT vs. VTG

ILTB vs. GOVT - Expense Ratio Comparison

ILTB has a 0.06% expense ratio, which is lower than GOVT's 0.15% 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%.

GOVT
iShares U.S. Treasury Bond ETF
ILTB
iShares Core 10+ Year USD Bond ETF

Return for Risk

ILTB vs. GOVT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ILTB
ILTB Risk / Return Rank: 1818
Overall Rank
ILTB Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
ILTB Sortino Ratio Rank: 1616
Sortino Ratio Rank
ILTB Omega Ratio Rank: 1616
Omega Ratio Rank
ILTB Calmar Ratio Rank: 2222
Calmar Ratio Rank
ILTB Martin Ratio Rank: 2020
Martin Ratio Rank
GOVT
GOVT Risk / Return Rank: 3636
Overall Rank
GOVT Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
GOVT Sortino Ratio Rank: 3535
Sortino Ratio Rank
GOVT Omega Ratio Rank: 2828
Omega Ratio Rank
GOVT Calmar Ratio Rank: 4545
Calmar Ratio Rank
GOVT Martin Ratio Rank: 3434
Martin Ratio Rank
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.

ILTB vs. GOVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core 10+ Year USD Bond ETF (ILTB) and iShares U.S. Treasury Bond ETF (GOVT). 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.

ILTBGOVTDifference

Sharpe ratio

Return per unit of total volatility

0.26

0.73

-0.47

Sortino ratio

Return per unit of downside risk

0.41

1.06

-0.66

Omega ratio

Gain probability vs. loss probability

1.05

1.12

-0.07

Calmar ratio

Return relative to maximum drawdown

0.49

1.23

-0.74

Martin ratio

Return relative to average drawdown

1.20

3.16

-1.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILTB vs. GOVT - Sharpe Ratio Comparison

The current ILTB Sharpe Ratio is 0.26, which is lower than the GOVT Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of ILTB and GOVT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ILTBGOVTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.26

0.73

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.21

-0.04

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.13

0.18

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.26

+0.08

Correlation

The correlation between ILTB and GOVT is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ILTB vs. GOVT - Dividend Comparison

ILTB's dividend yield for the trailing twelve months is around 4.94%, more than GOVT's 3.52% yield.

TTM20252024202320222021202020192018201720162015
ILTB
iShares Core 10+ Year USD Bond ETF		4.94%4.83%4.91%4.38%4.31%3.04%3.32%3.45%4.13%3.97%3.99%4.20%
GOVT
iShares U.S. Treasury Bond ETF		3.52%3.49%3.14%2.65%1.77%0.96%2.17%1.98%1.97%1.57%1.40%1.25%

Drawdowns

ILTB vs. GOVT - Drawdown Comparison

The maximum ILTB drawdown since its inception was -36.88%, which is greater than GOVT's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for ILTB and GOVT.

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Drawdown Indicators

ILTBGOVTDifference

Max Drawdown

Largest peak-to-trough decline

-36.88%

-19.07%

-17.81%

Max Drawdown (1Y)

Largest decline over 1 year

-5.93%

-2.58%

-3.35%

Max Drawdown (5Y)

Largest decline over 5 years

-35.22%

-16.60%

-18.62%

Max Drawdown (10Y)

Largest decline over 10 years

-36.88%

-19.07%

-17.81%

Current Drawdown

Current decline from peak

-21.96%

-7.05%

-14.91%

Average Drawdown

Average peak-to-trough decline

-9.80%

-5.23%

-4.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

1.01%

+1.41%

Volatility

ILTB vs. GOVT - Volatility Comparison

iShares Core 10+ Year USD Bond ETF (ILTB) has a higher volatility of 3.39% compared to iShares U.S. Treasury Bond ETF (GOVT) at 1.45%. This indicates that ILTB's price experiences larger fluctuations and is considered to be riskier than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ILTBGOVTDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.39%

1.45%

+1.94%

Volatility (6M)

Calculated over the trailing 6-month period

5.32%

2.45%

+2.87%

Volatility (1Y)

Calculated over the trailing 1-year period

9.57%

4.06%

+5.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.65%

6.03%

+6.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.55%

5.22%

+6.33%