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Is Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) a Strong ETF Right Now?
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The Invesco Equal Weight 0-30 Year Treasury ETF (GOVI - Free Report) made its debut on 10/11/2007, and is a smart beta exchange traded fund that provides broad exposure to the Government Bond ETFs category of the market.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
GOVI is managed by Invesco, and this fund has amassed over $1.04 billion, which makes it one of the average sized ETFs in the Government Bond ETFs. Before fees and expenses, GOVI seeks to match the performance of the ICE 1-30 YR LADDERED MATURITY US TRSR ID.
The ICE 1-30 Year Laddered Maturity US Treasury Index is designed to track the performance of up to 30 U.S. Treasury Notes or Bonds representing the annual February maturity ladder across the yield curve.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for GOVI are 0.15%, which makes it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 3.84%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Taking into account individual holdings, United States Treasury Note/bond-2.75%-02-15-2028 (T) accounts for about 3.39% of the fund's total assets, followed by United States Treasury Note/bond-6.63%-02-15-2027 (T) and United States Treasury Note/bond-1.50%-02-15-2030 (T).
Its top 10 holdings account for approximately 33.71% of GOVI's total assets under management.
Performance and Risk
The ETF has lost about -0.89% and is up about 2.41% so far this year and in the past one year (as of 03/25/2026), respectively. GOVI has traded between $26.51 and $28.33 during this last 52-week period.
The fund has a beta of 0.35 and standard deviation of 8.72% for the trailing three-year period. With about 32 holdings, it has more concentrated exposure than peers .
Alternatives
Invesco Equal Weight 0-30 Year Treasury ETF is not a suitable option for investors seeking to outperform the Government Bond ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.
iShares 10-20 Year Treasury Bond ETF (TLH) tracks ICE U.S Treasury 10-20 Year Bond Index and the iShares 20+ Year Treasury Bond ETF (TLT) tracks ICE U.S. Treasury 20+ Year Bond Index. iShares 10-20 Year Treasury Bond ETF has $11.78 billion in assets, iShares 20+ Year Treasury Bond ETF has $42.69 billion. TLH has an expense ratio of 0.15% and TLT changes 0.15%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Government Bond ETFs
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Is Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) a Strong ETF Right Now?
The Invesco Equal Weight 0-30 Year Treasury ETF (GOVI - Free Report) made its debut on 10/11/2007, and is a smart beta exchange traded fund that provides broad exposure to the Government Bond ETFs category of the market.
What Are Smart Beta ETFs?
Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
GOVI is managed by Invesco, and this fund has amassed over $1.04 billion, which makes it one of the average sized ETFs in the Government Bond ETFs. Before fees and expenses, GOVI seeks to match the performance of the ICE 1-30 YR LADDERED MATURITY US TRSR ID.
The ICE 1-30 Year Laddered Maturity US Treasury Index is designed to track the performance of up to 30 U.S. Treasury Notes or Bonds representing the annual February maturity ladder across the yield curve.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for GOVI are 0.15%, which makes it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 3.84%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Taking into account individual holdings, United States Treasury Note/bond-2.75%-02-15-2028 (T) accounts for about 3.39% of the fund's total assets, followed by United States Treasury Note/bond-6.63%-02-15-2027 (T) and United States Treasury Note/bond-1.50%-02-15-2030 (T).
Its top 10 holdings account for approximately 33.71% of GOVI's total assets under management.
Performance and Risk
The ETF has lost about -0.89% and is up about 2.41% so far this year and in the past one year (as of 03/25/2026), respectively. GOVI has traded between $26.51 and $28.33 during this last 52-week period.
The fund has a beta of 0.35 and standard deviation of 8.72% for the trailing three-year period. With about 32 holdings, it has more concentrated exposure than peers .
Alternatives
Invesco Equal Weight 0-30 Year Treasury ETF is not a suitable option for investors seeking to outperform the Government Bond ETFs segment of the market. Instead, there are other ETFs in the space which investors should consider.
iShares 10-20 Year Treasury Bond ETF (TLH) tracks ICE U.S Treasury 10-20 Year Bond Index and the iShares 20+ Year Treasury Bond ETF (TLT) tracks ICE U.S. Treasury 20+ Year Bond Index. iShares 10-20 Year Treasury Bond ETF has $11.78 billion in assets, iShares 20+ Year Treasury Bond ETF has $42.69 billion. TLH has an expense ratio of 0.15% and TLT changes 0.15%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Government Bond ETFs
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.