GOVT — iShares U.S. Treasury Bond ETF

Overview

The iShares U.S. Treasury Bond ETF, trading under the ticker GOVT, operates within the US Bonds - Government category tracked by ETFValuer. Issued by iShares, the fund has accumulated assets under management of $43.7 billion while maintaining a share price of $22.57. It holds an overall rank of #97 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.1 out of 100. The fund offers a low expense ratio of 0.05% and provides a dividend yield of 3.57%. With 6 other ETFs in its specific category, the substantial asset size suggests significant investor adoption relative to the broader universe of 120 funds. The combination of a low cost structure and high yield contrasts with its mid-tier ranking among the total tracked funds.

Recent price action shows a decline of 0.13% over the last day and a 0.63% drop over the past week. The one-month return turned positive at +0.12%, though the three-month and six-month periods recorded losses of -0.63% and -0.67% respectively. Year-to-date performance stands at -0.50%, indicating a slight negative trend for the current calendar year. In contrast, the fund has generated a positive one-year return of +2.60% and a three-year return of +8.15%. This pattern illustrates a divergence where short-term horizons have been negative while longer-term periods have delivered positive gains. The data shows a recovery from the mid-term losses to achieve positive results over the one-year and three-year marks.

The fund carries a volatility label of Very Low and a beta of 0.88, suggesting movements that are generally less pronounced than the broader market. Despite this lower volatility, the Sharpe ratio is recorded at -0.66, indicating that the risk-adjusted returns have been negative over the measured period. The maximum drawdown reached -5.45%, representing the largest peak-to-trough decline experienced by the fund. This combination of a low beta and negative Sharpe ratio implies that while the fund may not swing wildly, it has struggled to generate sufficient returns to compensate for the risks taken. The -5.45% drawdown further highlights the extent of the decline during the worst period within the tracked timeframe.

AI-generated summary based on the data on this page.

GOVT Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

GOVT Performance History

How GOVT Compares to Other US Bonds - Government ETFs