GOVI vs IVV
Invesco Equal Weight 0-30 Year Treasury ETF vs iShares Core S&P 500 ETF
Which is better, GOVI or IVV?
Long Term Government Bond against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. GOVI is less concentrated, with 34.4% of the fund in its ten largest positions against 38.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GOVI | IVV |
|---|---|---|
| Expense Ratio | 0.15% | 0.03%Best |
| AUM | $1.2B | $882.6B |
| Dividend Yield | 3.96% | 1.06% |
| Holdings | 66 | 508 |
| YTD Return | -5.50% | +13.60%Best |
| 1Y Return | -5.91% | +16.32%Best |
| 3Y Return (annualized) | +2.50% | +23.81%Best |
| 5Y Return (annualized) | -4.22% | +14.03%Best |
| Volatility (annualized) | 8.7%Best | 15.6% |
| Max Drawdown | -33.1%Best | -56.5% |
| $10,000 over 5 years | $8,061 | $19,279Best |
| Top 10 Weight | 34.4%Best | 38.1% |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Long Term Government Bond | Large Cap Blend |
| Inception | Oct 11, 2007 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Oct 11, 2007 to Oct 2, 2026 (19 years).
GOVI vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GOVI vs IVV Performance
Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is an ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GOVI returned -5.91% while IVV returned +16.32%. Year to date, GOVI is down 5.50% versus a gain of 13.60% for IVV.
Over three years, GOVI compounded at +2.50% per year against +23.81% for IVV; over five years the annualized figures are -4.22% and +14.03% respectively. Across the full 19-year window we track, IVV has the edge at +9.27% annualized vs +0.84%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 8.7% for GOVI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.1% for GOVI and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.06. They move largely independently of each other.
Fees and Cost Over Time
GOVI charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, GOVI currently yields 3.96% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 30 holdings in GOVI and 505 in IVV, totalling 96.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 30 positions we hold weights for in GOVI and 505 in IVV, against full books of 66 and 508.
What only one of them owns
Our book lists 497 positions for IVV that do not appear in our book for GOVI (99.3% of the fund), and 30 for GOVI that do not appear in IVV (96.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GOVI and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GOVI or IVV?
GOVI has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, GOVI or IVV?
Over the past year GOVI returned -5.91% vs +16.32% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), GOVI annualized +0.84% vs +9.27% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOVI or IVV?
IVV has been the more volatile fund at 15.6% annualized versus 8.7% for GOVI. Worst drawdown: GOVI -33.1% vs IVV -56.5%.
Should I hold both GOVI and IVV?
GOVI and IVV have a monthly-return correlation of -0.06, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GOVI or IVV?
GOVI yields 3.96% while IVV yields 1.06%, so GOVI currently pays the higher dividend yield.
Is IVV better than GOVI?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. GOVI is less concentrated, with 34.4% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.