GOVT vs MBB

Comparison between ISHARES U.S. TREASURY BOND ETF (GOVT, ETF) and ISHARES MBS ETF (MBB, ETF).

5-Year PerformanceMBB has outperformed GOVT, delivering a return of +0.4% compared to -0.3%

GOVT vs MBB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GOVT(ETF)	MBB(ETF)
Net Assets	$41B	$39B
Expense Ratio	0.05%	0.04%
Max Drawdown	23.67%	22.85%
Sharpe Ratio	-0.04	0.59
5Y Beta	-0.00	0.04
5Y Dividends CAGR	10.36%	14.91%

Net Assets

Winner

GOVT

$41B

MBB

$39B

Expense Ratio

GOVT

0.05%

Winner

MBB

0.04%

Max Drawdown

GOVT

23.67%

Winner

MBB

22.85%

Sharpe Ratio

GOVT

-0.04

Winner

MBB

0.59

5Y Beta

Winner

GOVT

-0.00

MBB

0.04

5Y Dividends CAGR

GOVT

10.36%

Winner

MBB

14.91%

GOVT vs MBB - Historical Returns

Returns include dividend reinvestment.

Period	GOVT	MBB
1 month	-0.09%	+0.20%
3 months	-0.15%	+0.37%
6 months	+0.35%	+1.61%
1 year	+4.02%	+7.08%
5 years(CAGR)	-0.35%	+0.40%
10 years(CAGR)	+0.94%	+1.36%
Max(CAGR)	+1.28%	+2.71%

GOVT

-0.09%

Winner

MBB

+0.20%

GOVT

-0.15%

Winner

MBB

+0.37%

GOVT

+0.35%

Winner

MBB

+1.61%

GOVT

+4.02%

Winner

MBB

+7.08%

5Y(CAGR)

GOVT

-0.35%

Winner

MBB

+0.40%

10Y(CAGR)

GOVT

+0.94%

Winner

MBB

+1.36%

Max(CAGR)

GOVT

+1.28%

Winner

MBB

+2.71%

GOVT vs MBB - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	GOVT	MBB
2026	+0.31%	+1.16%
2025	+6.15%	+8.48%
2024	+3.27%	+1.91%
2023	+3.62%	+4.52%
2022	-11.87%	-11.39%
2021	-1.60%	-1.44%
2020	+7.08%	+3.95%
2019	+6.49%	+5.99%
2018	+0.54%	+0.89%
2017	+2.19%	+2.43%
2016	+0.60%	+1.25%
2015	+0.32%	+1.13%
2014	+4.75%	+6.22%
2013	-2.37%	-1.98%
2012	+2.23%	+2.07%
2011	N/A	+6.01%
2010	N/A	+5.49%
2009	N/A	+4.73%
2008	N/A	+7.13%
2007	N/A	+4.99%

GOVT vs MBB Drawdown Comparison

The maximum drawdown for GOVT was -19.07%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The maximum drawdown for MBB was -17.64%, occurring on Oct 19, 2023. Recovery took 1185 trading sessions.

The current GOVT drawdown is -6.83%. The current MBB drawdown is -1.03%.

Rank	GOVT	MBB
#1	-19.07% Aug 4, 2020 - Oct 19, 2023	-17.64% Feb 9, 2021 - Oct 28, 2025
#2	-5.87% Jul 8, 2016 - May 13, 2019	-4.81% Sep 25, 2012 - May 1, 2014
#3	-4.56% Mar 9, 2020 - Apr 21, 2020	-4.32% Mar 9, 2020 - Mar 27, 2020
#4	-4.55% May 1, 2013 - Oct 8, 2014	-3.82% Sep 17, 2008 - Nov 25, 2008
#5	-3.54% Jan 30, 2015 - Jan 29, 2016	-3.43% Sep 27, 2016 - Aug 23, 2017
#6	-2.63% Sep 4, 2019 - Jan 29, 2020	-3.00% May 20, 2008 - Sep 2, 2008
#7	-2.14% Apr 21, 2020 - Jul 23, 2020	-2.92% Sep 7, 2017 - Dec 28, 2018
#8	-1.93% Jul 25, 2012 - May 1, 2013	-2.65% Nov 4, 2010 - Apr 25, 2011
#9	-1.93% Mar 8, 2012 - Apr 23, 2012	-2.63% Feb 27, 2026 - Mar 26, 2026
#10	-1.74% Feb 11, 2016 - Apr 7, 2016	-2.56% May 8, 2007 - Aug 21, 2007
#11	-1.27% Apr 7, 2016 - May 13, 2016	-2.51% Jan 22, 2008 - Mar 17, 2008
#12	-1.25% Jun 1, 2012 - Jul 16, 2012	-2.02% May 20, 2009 - Jul 8, 2009
#13	-1.16% Oct 15, 2014 - Dec 12, 2014	-1.77% Jan 8, 2009 - Mar 18, 2009
#14	-1.07% Dec 16, 2014 - Jan 5, 2015	-1.74% Apr 15, 2015 - Sep 18, 2015
#15	-0.97% Jul 3, 2019 - Aug 1, 2019	-1.64% Nov 30, 2009 - Feb 4, 2010

Correlation

Correlation between GOVT and MBB is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2007 - 2026)

GOVT vs MBB dividend yield comparison.

Year	GOVT	MBB
2026	1.19%	1.40%
2025	3.49%	4.21%
2024	3.14%	3.94%
2023	2.65%	3.40%
2022	1.77%	2.31%
2021	0.95%	1.05%
2020	2.17%	2.10%
2019	1.98%	2.77%
2018	1.97%	2.64%
2017	1.57%	2.23%
2016	1.40%	2.58%
2015	1.25%	2.66%
2014	1.17%	1.72%
2013	0.93%	1.27%
2012	0.85%	2.04%
2011	0.00%	3.33%
2010	0.00%	5.92%
2009	0.00%	3.57%
2008	0.00%	4.33%
2007	0.00%	3.89%