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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) was launched on 10/11/2007, and is a smart beta exchange traded fund designed to offer 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.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Managed by Invesco, GOVI has amassed assets over $1.24 billion, making it one of the average sized ETFs in the Government Bond ETFs. Before fees and expenses, this particular fund 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.
Operating expenses on an annual basis are 0.15% for this ETF, which makes it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 3.90%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
Looking at individual holdings, United States Treasury Note/bond-6.63%-2-15-2027 (T) accounts for about 3.46% of total assets, followed by United States Treasury Note/bond-2.75%-2-15-2028 (T) and United States Treasury Note/bond-5.25%-2-15-2029 (T).
The top 10 holdings account for about 33.88% of total assets under management.
Performance and Risk
So far this year, GOVI has lost about -0.91%, and it's up approximately 2.72% in the last one year (as of 07/29/2026). During this past 52-week period, the fund has traded between $26.43 and $28.30.
The fund has a beta of 0.33 and standard deviation of 8.46% for the trailing three-year period. With about 33 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 $11.15 billion in assets, iShares 20+ Year Treasury Bond ETF has $43.1 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) was launched on 10/11/2007, and is a smart beta exchange traded fund designed to offer 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.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Managed by Invesco, GOVI has amassed assets over $1.24 billion, making it one of the average sized ETFs in the Government Bond ETFs. Before fees and expenses, this particular fund 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.
Operating expenses on an annual basis are 0.15% for this ETF, which makes it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 3.90%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
Looking at individual holdings, United States Treasury Note/bond-6.63%-2-15-2027 (T) accounts for about 3.46% of total assets, followed by United States Treasury Note/bond-2.75%-2-15-2028 (T) and United States Treasury Note/bond-5.25%-2-15-2029 (T).
The top 10 holdings account for about 33.88% of total assets under management.
Performance and Risk
So far this year, GOVI has lost about -0.91%, and it's up approximately 2.72% in the last one year (as of 07/29/2026). During this past 52-week period, the fund has traded between $26.43 and $28.30.
The fund has a beta of 0.33 and standard deviation of 8.46% for the trailing three-year period. With about 33 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 $11.15 billion in assets, iShares 20+ Year Treasury Bond ETF has $43.1 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.