GOVT vs SPY

Comparison between ISHARES U.S. TREASURY BOND ETF (GOVT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed GOVT, delivering a return of +13.3% compared to -0.3%

GOVT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GOVT(ETF)	SPY(ETF)
Net Assets	$41B	$652B
Expense Ratio	0.05%	0.09%
Max Drawdown	23.67%	56.47%
Sharpe Ratio	-0.04	2.07
5Y Beta	-0.00	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	10.36%	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

GOVT

$41B

Winner

SPY

$652B

Expense Ratio

Winner

GOVT

0.05%

SPY

0.09%

Max Drawdown

Winner

GOVT

23.67%

SPY

56.47%

Sharpe Ratio

GOVT

-0.04

Winner

SPY

2.07

5Y Beta

Winner

GOVT

-0.00

SPY

1.00

P/E Ratio

GOVT

N/A

SPY

28.24

Forward P/E

GOVT

N/A

SPY

21.85

5Y Dividends CAGR

Winner

GOVT

10.36%

SPY

5.43%

5Y EPS CAGR

GOVT

N/A

SPY

25.79%

Debt to Equity

GOVT

N/A

SPY

22.35%

P/S Ratio

GOVT

N/A

SPY

3.55

P/B Ratio

GOVT

N/A

SPY

5.29

GOVT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	GOVT	SPY
1 month	-0.09%	+9.11%
3 months	-0.15%	+6.59%
6 months	+0.35%	+10.56%
1 year	+4.02%	+32.04%
5 years(CAGR)	-0.35%	+13.35%
10 years(CAGR)	+0.94%	+15.49%
Max(CAGR)	+1.28%	+8.50%

GOVT

-0.09%

Winner

SPY

+9.11%

GOVT

-0.15%

Winner

SPY

+6.59%

GOVT

+0.35%

Winner

SPY

+10.56%

GOVT

+4.02%

Winner

SPY

+32.04%

5Y(CAGR)

GOVT

-0.35%

Winner

SPY

+13.35%

10Y(CAGR)

GOVT

+0.94%

Winner

SPY

+15.49%

Max(CAGR)

GOVT

+1.28%

Winner

SPY

+8.50%

GOVT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GOVT	SPY
2026	+0.31%	+8.27%
2025	+6.15%	+18.00%
2024	+3.27%	+25.59%
2023	+3.62%	+26.72%
2022	-11.87%	-18.64%
2021	-1.60%	+30.52%
2020	+7.08%	+17.28%
2019	+6.49%	+31.09%
2018	+0.54%	-5.24%
2017	+2.19%	+20.78%
2016	+0.60%	+13.59%
2015	+0.32%	+1.31%
2014	+4.75%	+14.56%
2013	-2.37%	+29.00%
2012	+2.23%	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+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%

GOVT vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current GOVT drawdown is -6.83%.

Rank	GOVT	SPY
#1	-19.07% Aug 4, 2020 - Oct 19, 2023	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-5.87% Jul 8, 2016 - May 13, 2019	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-4.56% Mar 9, 2020 - Apr 21, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-4.55% May 1, 2013 - Oct 8, 2014	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-3.54% Jan 30, 2015 - Jan 29, 2016	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-2.63% Sep 4, 2019 - Jan 29, 2020	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-2.14% Apr 21, 2020 - Jul 23, 2020	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-1.93% Jul 25, 2012 - May 1, 2013	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.93% Mar 8, 2012 - Apr 23, 2012	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.74% Feb 11, 2016 - Apr 7, 2016	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.27% Apr 7, 2016 - May 13, 2016	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.25% Jun 1, 2012 - Jul 16, 2012	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.16% Oct 15, 2014 - Dec 12, 2014	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.07% Dec 16, 2014 - Jan 5, 2015	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.97% Jul 3, 2019 - Aug 1, 2019	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between GOVT and SPY is 0.61 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.61

-101

Dividend Comparison (1999 - 2026)

GOVT vs SPY dividend yield comparison.

Year	GOVT	SPY
2026	1.19%	0.24%
2025	3.49%	1.07%
2024	3.14%	1.21%
2023	2.65%	1.40%
2022	1.77%	1.65%
2021	0.95%	1.20%
2020	2.17%	1.52%
2019	1.98%	1.75%
2018	1.97%	2.04%
2017	1.57%	1.80%
2016	1.40%	2.03%
2015	1.25%	2.06%
2014	1.17%	1.87%
2013	0.93%	1.81%
2012	0.85%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	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%