GOVI vs SPY

Comparison between INVESCO EQUAL WEIGHT 0-30 YEAR TREASURY ETF (GOVI, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed GOVI, delivering a return of +13.3% compared to -2.6%

GOVI vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GOVI(ETF)	SPY(ETF)
Net Assets	$1B	$652B
Expense Ratio	0.15%	0.09%
Max Drawdown	36.14%	56.47%
Sharpe Ratio	-0.04	2.07
5Y Beta	0.02	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	26.70%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

GOVI

$1B

Winner

SPY

$652B

Expense Ratio

GOVI

0.15%

Winner

SPY

0.09%

Max Drawdown

Winner

GOVI

36.14%

SPY

56.47%

Sharpe Ratio

GOVI

-0.04

Winner

SPY

2.07

5Y Beta

Winner

GOVI

0.02

SPY

1.00

P/E Ratio

GOVI

N/A

SPY

28.24

Forward P/E

GOVI

N/A

SPY

21.85

5Y Dividends CAGR

Winner

GOVI

26.70%

SPY

5.43%

5Y EPS CAGR

GOVI

N/A

SPY

25.79%

Debt to Equity

GOVI

N/A

SPY

22.35%

P/S Ratio

GOVI

N/A

SPY

3.55

P/B Ratio

GOVI

N/A

SPY

5.29

GOVI vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	GOVI	SPY
1 month	-0.29%	+9.11%
3 months	-0.45%	+6.59%
6 months	-0.61%	+10.56%
1 year	+4.04%	+32.04%
5 years(CAGR)	-2.59%	+13.35%
10 years(CAGR)	+0.06%	+15.49%
Max(CAGR)	+3.02%	+8.50%

GOVI

-0.29%

Winner

SPY

+9.11%

GOVI

-0.45%

Winner

SPY

+6.59%

GOVI

-0.61%

Winner

SPY

+10.56%

GOVI

+4.04%

Winner

SPY

+32.04%

5Y(CAGR)

GOVI

-2.59%

Winner

SPY

+13.35%

10Y(CAGR)

GOVI

+0.06%

Winner

SPY

+15.49%

Max(CAGR)

GOVI

+3.02%

Winner

SPY

+8.50%

GOVI vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GOVI	SPY
2026	+0.13%	+8.27%
2025	+5.80%	+18.00%
2024	-2.57%	+25.59%
2023	+2.32%	+26.72%
2022	-18.88%	-18.64%
2021	-3.66%	+30.52%
2020	+11.93%	+17.28%
2019	+9.63%	+31.09%
2018	+0.42%	-5.24%
2017	+4.74%	+20.78%
2016	+0.44%	+13.59%
2015	-0.74%	+1.31%
2014	+14.53%	+14.56%
2013	-7.40%	+29.00%
2012	+3.51%	+14.17%
2011	+20.61%	+0.85%
2010	+8.69%	+13.14%
2009	-9.61%	+22.67%
2008	+20.14%	-36.25%
2007	+6.01%	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

GOVI vs SPY Drawdown Comparison

The maximum drawdown for GOVI was -32.70%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current GOVI drawdown is -21.92%.

Rank	GOVI	SPY
#1	-32.70% Aug 4, 2020 - Oct 19, 2023	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-16.67% Dec 30, 2008 - Aug 19, 2010	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-11.72% Jul 25, 2012 - Oct 14, 2014	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-11.22% Jul 8, 2016 - May 31, 2019	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-10.20% Aug 31, 2010 - Aug 2, 2011	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-10.16% Mar 9, 2020 - Apr 2, 2020	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-8.49% Jan 30, 2015 - Feb 8, 2016	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-6.66% Mar 20, 2008 - Sep 9, 2008	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-6.44% Sep 22, 2011 - Dec 19, 2011	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.98% Dec 19, 2011 - May 14, 2012	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-5.20% Aug 27, 2019 - Feb 20, 2020	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.93% Apr 2, 2020 - Jul 30, 2020	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.92% Oct 6, 2008 - Nov 19, 2008	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.65% Sep 17, 2008 - Oct 6, 2008	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.52% Jan 22, 2008 - Mar 12, 2008	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between GOVI and SPY is 0.58 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.58

-101

Dividend Comparison (1999 - 2026)

GOVI vs SPY dividend yield comparison.

Year	GOVI	SPY
2026	1.24%	0.24%
2025	3.75%	1.07%
2024	3.56%	1.21%
2023	2.88%	1.40%
2022	1.97%	1.65%
2021	1.16%	1.20%
2020	1.00%	1.52%
2019	1.96%	1.75%
2018	2.14%	2.04%
2017	2.02%	1.80%
2016	2.00%	2.03%
2015	2.14%	2.06%
2014	2.30%	1.87%
2013	2.43%	1.81%
2012	2.40%	2.18%
2011	2.92%	2.05%
2010	3.40%	1.80%
2009	3.69%	1.95%
2008	3.29%	3.02%
2007	0.95%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%