GOVZ vs IVV
iShares 25+ Year Treasury STRIPS Bond ETF vs iShares Core S&P 500 ETF
Which is better, GOVZ or IVV?
Long Term Government Bond against Large Cap Blend.
IVV has a lower expense ratio. GOVZ led over 1Y and 3Y, IVV over 5Y and the full window.
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 | GOVZ | IVV |
|---|---|---|
| Expense Ratio | 0.10% | 0.03%Best |
| AUM | $365M | $896.5B |
| Dividend Yield | 5.62% | 1.10% |
| Holdings | 22 | 508 |
| YTD Return | +244.26%Best | +13.59% |
| 1Y Return | +220.45%Best | +17.54% |
| 3Y Return (annualized) | +51.91%Best | +22.46% |
| 5Y Return (annualized) | +11.67% | +13.28%Best |
| Volatility (annualized) | 124.6% | 15.3%Best |
| Max Drawdown | -59.6% | -24.5%Best |
| $10,000 over 5 years | $17,365 | $18,654Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Long Term Government Bond | Large Cap Blend |
| Inception | Sep 22, 2020 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2020 to Oct 14, 2026 (6.1 years).
GOVZ 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 covers the 6.1 years both funds cover.
GOVZ vs IVV Performance
iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GOVZ returned +220.45% while IVV returned +17.54%. Year to date, GOVZ is up 244.26% versus a gain of 13.59% for IVV.
Over three years, GOVZ compounded at +51.91% per year against +22.46% for IVV; over five years the annualized figures are +11.67% and +13.28% respectively. Across the full 6-year window we track, IVV has the edge at +16.94% annualized vs +6.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOVZ has been the more volatile fund, with annualized monthly volatility of 124.6% compared with 15.3% for IVV. 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 -59.6% for GOVZ and -24.5% 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 0.19. They move largely independently of each other.
Fees and Cost Over Time
GOVZ charges 0.10% per year while IVV charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, GOVZ currently yields 5.62% against 1.10% for IVV.
Holdings Overlap
At least 0.1% of IVV's money is in holdings GOVZ also owns.
Stated as a floor: for GOVZ, our book for it covers 81.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 17 positions we hold weights for in GOVZ and 506 in IVV, against full books of 22 and 508.
Top Shared Holdings
| Stock | Weight in GOVZ | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.00% | 0.10% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of GOVZ 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, GOVZ or IVV?
GOVZ has an expense ratio of 0.10% while IVV charges 0.03%. IVV is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, GOVZ or IVV?
Over the past year GOVZ returned +220.45% vs +17.54% for IVV, so GOVZ leads on 1-year performance. Over the longest common window we track (6 years), GOVZ annualized +6.97% vs +16.94% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOVZ or IVV?
GOVZ has been the more volatile fund at 124.6% annualized versus 15.3% for IVV. Worst drawdown: GOVZ -59.6% vs IVV -24.5%.
Should I hold both GOVZ and IVV?
GOVZ and IVV have a monthly-return correlation of 0.19, 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, GOVZ or IVV?
GOVZ yields 5.62% while IVV yields 1.10%, so GOVZ currently pays the higher dividend yield.
Is IVV better than GOVZ?
IVV has a lower expense ratio. GOVZ led over 1Y and 3Y, IVV over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.