UTHY vs. GOVZ
UTHY (US Treasury 30 Year Bond ETF) and GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) are both Government Bonds funds - UTHY tracks the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross while GOVZ tracks the ICE BofA Long US Treasury Principal STRIPS Index. Both are passively managed. Over the past 3 years, UTHY returned -2.15%/yr vs -8.06%/yr for GOVZ. Their 0.98 correlation means they have historically moved very closely together. Both charge a 0.15% expense ratio.
Performance
UTHY vs. GOVZ - Performance Comparison
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Returns By Period
In the year-to-date period, UTHY achieves a -3.52% return, which is significantly higher than GOVZ's -6.93% return.
UTHY
- 1D
- -0.59%
- 1M
- -3.91%
- 6M
- -3.34%
- YTD
- -3.52%
- 1Y
- -2.36%
- 3Y*
- -2.15%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.35%
GOVZ
- 1D
- -1.06%
- 1M
- -6.91%
- 6M
- -6.43%
- YTD
- -6.93%
- 1Y
- -7.36%
- 3Y*
- -8.06%
- 5Y*
- -14.32%
- 10Y*
- —
- ALL TIME*
- -14.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.61M | $6.41M | $8.12M | |
| $6.52M | $5.25M | $5.75M |
UTHY vs. GOVZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | -3.52% | 3.47% | -8.07% | -2.77% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -6.93% | -1.81% | -16.24% | -5.11% |
Correlation
The correlation between UTHY and GOVZ is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.98 |
The correlation between UTHY and GOVZ has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
UTHY vs. GOVZ — Risk / Return Rank
UTHY
GOVZ
UTHY vs. GOVZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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.
| UTHY | GOVZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.95 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.40 | +0.25 |
| Martin ratioReturn relative to average drawdown | -0.31 | -0.81 | +0.50 |
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Drawdowns
UTHY vs. GOVZ - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for UTHY and GOVZ.
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Drawdown Indicators
| UTHY | GOVZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -59.65% | +37.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -14.87% | +7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -26.42% | +11.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.63% | — |
Current DrawdownCurrent decline from peak | -14.25% | -59.10% | +44.85% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -40.34% | +29.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 7.27% | -3.87% |
Volatility
UTHY vs. GOVZ - Volatility Comparison
The current volatility for US Treasury 30 Year Bond ETF (UTHY) is 2.33%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 4.48%. This indicates that UTHY experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTHY | GOVZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 4.48% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 11.11% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.98% | 15.58% | -6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 23.80% | -10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.46% | 23.18% | -9.72% |
UTHY vs. GOVZ - Expense Ratio Comparison
Both UTHY and GOVZ have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UTHY vs. GOVZ - Dividend Comparison
UTHY's dividend yield for the trailing twelve months is around 5.26%, less than GOVZ's 5.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.06% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
UTHY US Treasury 30 Year Bond ETF | 4.86% | 4.53% | 4.58% | 2.81% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, UTHY and GOVZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GOVZ has higher volatility (4.48%) compared to UTHY (2.33%). In terms of maximum drawdown, UTHY dropped -21.86% vs GOVZ's -59.65%.
On 3-year performance, UTHY leads with -2.15% vs -8.06% for GOVZ. Both ETFs have the same 0.15% expense ratio. On volatility, UTHY has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UTHY has performed better with a -2.15% return vs -8.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTHY and GOVZ have the same expense ratio: 0.15% per year.
GOVZ has the higher dividend yield at 5.06%, compared with 4.86% for UTHY.
UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index. They also come from different issuers: US Benchmark Series and iShares.
UTHY currently has the higher Sharpe Ratio (-0.12 vs -0.38), 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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