GOVZ vs PIO
Comparison between ISHARES 25+ YEAR TREASURY STRIPS BOND ETF (GOVZ, ETF) and INVESCO GLOBAL WATER ETF (PIO, ETF).
5-Year PerformancePIO has outperformed GOVZ, delivering a return of +2.6% compared to -13.5%
GOVZ vs PIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GOVZ vs PIO - Historical Returns
Returns include dividend reinvestment.
GOVZ vs PIO - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | GOVZ | PIO |
|---|---|---|
| 2026 | -3.68% | -0.71% |
| 2025 | -2.00% | +14.88% |
| 2024 | -15.35% | +0.77% |
| 2023 | -1.66% | +21.34% |
| 2022 | -38.84% | -23.40% |
| 2021 | -4.48% | +26.12% |
| 2020 | -5.61% | +13.96% |
| 2019 | N/A | +35.07% |
| 2018 | N/A | -9.66% |
| 2017 | N/A | +26.39% |
| 2016 | N/A | +1.84% |
| 2015 | N/A | -7.16% |
| 2014 | N/A | +2.10% |
| 2013 | N/A | +28.16% |
| 2012 | N/A | +14.11% |
| 2011 | N/A | -21.57% |
| 2010 | N/A | +9.36% |
| 2009 | N/A | +36.58% |
| 2008 | N/A | -44.55% |
| 2007 | N/A | +0.08% |
GOVZ vs PIO Drawdown Comparison
The maximum drawdown for GOVZ was -59.65%, occurring on Oct 19, 2023. This drawdown has not yet recovered.
The maximum drawdown for PIO was -64.88%, occurring on Mar 9, 2009. Recovery took 1661 trading sessions.
The current GOVZ drawdown is -57.78%. The current PIO drawdown is -9.17%.
| Rank | GOVZ | PIO |
|---|---|---|
| #1 | -59.65% Sep 24, 2020 - Oct 19, 2023 | -64.88% Oct 31, 2007 - Jun 9, 2014 |
| #2 | N/A | -35.76% Feb 19, 2020 - Sep 2, 2020 |
| #3 | N/A | -34.27% Dec 29, 2021 - Mar 28, 2024 |
| #4 | N/A | -26.33% May 21, 2015 - Sep 8, 2017 |
| #5 | N/A | -17.09% May 15, 2024 - May 15, 2025 |
| #6 | N/A | -16.95% Jan 22, 2018 - Mar 13, 2019 |
| #7 | N/A | -16.14% Jul 13, 2007 - Oct 29, 2007 |
| #8 | N/A | -13.88% Jun 20, 2014 - May 14, 2015 |
| #9 | N/A | -13.15% Feb 26, 2026 - Mar 27, 2026 |
| #10 | N/A | -9.89% Sep 2, 2021 - Dec 29, 2021 |
| #11 | N/A | -7.14% Mar 28, 2024 - May 15, 2024 |
| #12 | N/A | -6.54% Jan 8, 2021 - Apr 1, 2021 |
| #13 | N/A | -6.20% Oct 24, 2025 - Jan 15, 2026 |
| #14 | N/A | -5.98% May 3, 2019 - Jun 20, 2019 |
| #15 | N/A | -5.80% Oct 12, 2020 - Nov 5, 2020 |
Correlation
Correlation between GOVZ and PIO is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
Dividend Comparison (2008 - 2026)
GOVZ vs PIO dividend yield comparison.
| Year | GOVZ | PIO |
|---|---|---|
| 2026 | 2.69% | 0.80% |
| 2025 | 5.00% | 1.04% |
| 2024 | 4.68% | 0.78% |
| 2023 | 3.83% | 0.84% |
| 2022 | 3.69% | 1.02% |
| 2021 | 1.76% | 1.19% |
| 2020 | 0.39% | 0.88% |
| 2019 | 0.00% | 1.20% |
| 2018 | 0.00% | 2.00% |
| 2017 | 0.00% | 1.00% |
| 2016 | 0.00% | 1.45% |
| 2015 | 0.00% | 1.63% |
| 2014 | 0.00% | 1.42% |
| 2013 | 0.00% | 1.50% |
| 2012 | 0.00% | 1.82% |
| 2011 | 0.00% | 1.63% |
| 2010 | 0.00% | 0.87% |
| 2009 | 0.00% | 1.27% |
| 2008 | 0.00% | 1.38% |
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