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ETFs

iShares 25+ Year Treasury STRIPS Bond ETF

GOVZ
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 22, 2020
Expense Ratio
0.1%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$813,030
AUM
$122,559,460
Associated Index
ICE BofA Long US Treasury Principal STRIPS Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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TREASURY STRIP (PRIN)
13.82%
—
TREASURY STRIP (PRIN)
13.4%
—
TREASURY STRIP (PRIN)
13.1%
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TREASURY STRIP (PRIN)
8.9%
—
TREASURY STRIP (PRIN)
6.52%
—
TREASURY STRIP (PRIN)
6.22%
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United States 0 % Principal STRIPS 2019-15.02.49
5.27%
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TREASURY STRIP (PRIN)
5.06%
—
TREASURY STRIP (PRIN)
4.08%
—
TREASURY STRIP (PRIN)
3.87%
Invest with GOVZ
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What is GOVZ?

The Fund seeks to track the investment results of the ICE BofA Long USTreasury Principal STRIPS Index (the Underlying Index ), which measures the performance of long maturity Separate Trading of Registered Interest and Principal of Securities ( STRIPS ) representing the final principal paymentof U.S. Treasury bonds. Qualifying principal STRIPS must have at least 25 years remaining term to final maturity and must be stripped from U.S. Treasury bonds having at least $1 billion in outstanding face value. As of September 18, 2020, there were 20 issues in the Underlying Index. Underlying Index constituents are weighted based on the market price ofeach constituent multiplied by an assumed face value of $1 billion per constituent. The Underlying Index is rebalanced quarterly.

1M
3M
6M
YTD
1Y
3Y
Max
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GOVZ
Performance Measures**

for the time period Sep 24, 2020 to Dec 15, 2025

Returns

1M Trailing Return: -3.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -4.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -59.7%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 23.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.54

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.24

The annualized return divided by the max drawdown for the selected time period.

ETFs related toGOVZ

ETFs correlated to GOVZ include ZROZ, EDV, TMF

GOVZ
iShares Trust - iShares 25+ Year Treasury STRIPS Bond ETF
ZROZ
Pimco Exchange Traded Fund - PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
EDV
Vanguard Group, Inc. - Vanguard Extended Duration Treasury ETF
TMF
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bull 3X Shares
TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
UBT
ProShares Trust - ProShares Ultra 20+ Year Treasury 2x Shares
SPTL
SSgA Active Trust - SPDR Portfolio Long Term Treasury ETF
VGLT
Vanguard Group, Inc. - Vanguard Long-Term Treasury ETF
SCHQ
Schwab Strategic Trust - Schwab US Long-Term U.S. Treasury ETF
TLH
BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond ETF
BLV
Vanguard Group, Inc. - Vanguard Long-Term Bond 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.

Trading Strategies
Related toGOVZ

O.P.T.R.A.

Category

Aggressive multi-asset, leveraged equities, global value, long Treasuries, gold, managed futures, trend-following, diversification

OOS Cumulative Return

24.55%

Create your own algorithmic trading strategy with GOVZ using Composer

FAQ

GOVZ is a US Bonds ETF. The Fund seeks to track the investment results of the ICE BofA Long USTreasury Principal STRIPS Index (the Underlying Index ), which measures the performance of long maturity Separate Trading of Registered Interest and Principal of Securities ( STRIPS ) representing the final principal paymentof U.S. Treasury bonds. Qualifying principal STRIPS must have at least 25 years remaining term to final maturity and must be stripped from U.S. Treasury bonds having at least $1 billion in outstanding face value. As of September 18, 2020, there were 20 issues in the Underlying Index. Underlying Index constituents are weighted based on the market price ofeach constituent multiplied by an assumed face value of $1 billion per constituent. The Underlying Index is rebalanced quarterly.

GOVZ tracks the ICE BofA Long US Treasury Principal STRIPS Index.

No, GOVZ 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, GOVZ 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 GOVZ is -0.0975%. This is the percent change in the value of GOVZ over the most recent 1-month period. The 3-month return on GOVZ is -0.1991%. This is the percent change in the value of GOVZ over the most recent 3-month period.

The standard deviation of GOVZ for the past year is 0.2759%. 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 GOVZ include SHY, IEI, and IEF.

ETFs correlated to GOVZ include ZROZ, EDV, and TMF.

ETFs that are inversely correlated to GOVZ include TBT, TMV, 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.