GOVT — iShares U.S. Treasury Bond ETF

GOVT Price Performance — Growth of $10,000

Value of a $10,000 investment in GOVT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

GOVT Drawdown

The "underwater" chart: GOVT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares U.S. Treasury Bond ETF, issued by iShares, is a $41.4 billion fund tracking the US Bonds - Government category. It holds a C grade with a score of 56.5 out of 100, ranking 8th among 22 peers and 283rd across all tracked ETFs. Its expense ratio of 0.05% sits below the category median of 0.07%, while its dividend yield of 3.82% trails the median of 3.95%. The fund’s top ten holdings represent 21.7% of assets, with the largest position being the United States of America at 5.3%.

Price action shows the fund trading at $21.82, which is only 5.4% of its 52-week range. Short-term returns have been negative, with one-month and three-month figures at -2.01% and -2.49% respectively. In contrast, the three-year return stands at +10.45%, highlighting a divergence between recent declines and longer-term gains. The one-year return of -1.77% is slightly below the category median of -1.65%. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits Very Low volatility at 3.63% annualized and a beta of 0.87, indicating it moves less than the broader market. A Sharpe ratio of -1.86 suggests poor risk-adjusted returns relative to the risk-free rate during the measured period. Maximum drawdown was recorded at -4.92%, reflecting limited downside severity. Liquidity is robust, with an average daily volume of 11,425,788 shares supporting easy entry and exit.

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

GOVT Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 21.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how GOVT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With GOVT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with GOVT's top 10 — SGOV overlaps most, holding 1 of the same companies as GOVT's top 10 (21.7% of GOVT's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

GOVT Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 11.4M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $41.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: GOVT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

GOVT Performance History

How GOVT Compares to Other US Bonds - Government ETFs