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ETFs

iShares U.S. Treasury Bond ETF

GOVT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 14 2012
Expense Ratio
0.05%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$167,878,515
AUM
$23,695,542,458
Associated Index
ICE US Treasury Core Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
TREASURY NOTE
4.97%
n/a
TREASURY NOTE
4.33%
n/a
TREASURY NOTE
4.19%
n/a
TREASURY NOTE
3.71%
n/a
TREASURY BOND
3.55%
n/a
TREASURY BOND
3.19%
n/a
TREASURY NOTE
2.53%
n/a
TREASURY NOTE
2.51%
n/a
TREASURY NOTE
2.30%
n/a
TREASURY NOTE
2.25%
Invest with GOVT

What is GOVT?

The Fund seeks to track the investment results of the ICE U.S. Treasury Core Bond Index (the Underlying Index ), which measures the performance of public obligations of the U.S. Treasury. As of October 31, 2020, there were 261 issues in the Underlying Index. The Underlying Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than one year and less than or equal to thirty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the Fed ) Open Market Account or bought at issuance by the Fed. As of October 31, 2020, the dollar-weighted average maturity of the Underlying Index was 8.32 years. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, cash management bills, Treasury bills, any government agency debt issued with or without a government guarantee and zero coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization excluding amounts held by the Fed Open Market Account or bought at issuance by the Fed, and the securities in the Underlying Index are updated on the last business day of each month.

ETFs related toGOVT

ETFs correlated to GOVT include UTEN, IEF, TYD

GOVT
BlackRock Institutional Trust Company N.A. - iShares U.S. Treasury Bond ETF
UTEN
Rbb Fund Inc - US Treasury 10 Year Note ETF
IEF
BlackRock Institutional Trust Company N.A. - iShares 7-10 Year Treasury Bond ETF
TYD
Direxion Shares ETF Trust - Direxion Daily 7-10 Year Treasury Bull 3X Shares
IBTK
iShares Trust - iShares iBonds Dec 2030 Term Treasury ETF
SCHR
Schwab Strategic Trust - Schwab Intermediate-Term U.S. Treasury ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
VGIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Treasury ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
IBTJ
iShares Trust - iShares iBonds Dec 2029 Term Treasury ETF
SPTI
SPDR Series Trust - SPDR Portfolio Intermediate Term Treasury ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGOVT

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with GOVT using Composer

FAQ

GOVT is a US Bonds ETF. The Fund seeks to track the investment results of the ICE U.S. Treasury Core Bond Index (the Underlying Index ), which measures the performance of public obligations of the U.S. Treasury. As of October 31, 2020, there were 261 issues in the Underlying Index. The Underlying Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than one year and less than or equal to thirty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the Fed ) Open Market Account or bought at issuance by the Fed. As of October 31, 2020, the dollar-weighted average maturity of the Underlying Index was 8.32 years. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, cash management bills, Treasury bills, any government agency debt issued with or without a government guarantee and zero coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization excluding amounts held by the Fed Open Market Account or bought at issuance by the Fed, and the securities in the Underlying Index are updated on the last business day of each month.

GOVT tracks the ICE US Treasury Core Bond Index.

No, GOVT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GOVT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GOVT is -0.0137%. This is the percent change in the value of GOVT over the most recent 1-month period. The 3-month return on GOVT is -0.0354%. This is the percent change in the value of GOVT over the most recent 3-month period.

The standard deviation of GOVT for the past year is 0.0724%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GOVT include SHY, SPTL, and TLT.

ETFs correlated to GOVT include UTEN, IEF, and TYD.

ETFs that are inversely correlated to GOVT include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.