iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) Performance
GOVZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −5.8% since Dec 31, 2025
- 1 year
- −12.8% total return
- 5 years
- −13.5% a year
- Since first price
- −13.5% a year since 2020
GOVZ trailing returns vs AGG, TLT, SPY
| Period | GOVZ total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +2.2% | +1.7% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.5% | −2.9% | −0.4% | −1.0% | +3.2% |
| 6 months | −5.8% | −8.3% | −1.5% | −3.8% | +7.8% |
| YTD | −5.8% | −9.4% | −1.0% | −3.4% | +12.3% |
| 1 year | −12.8% | −17.1% | −1.1% | −6.9% | +14.4% |
| 3 years | +0.4%+0.1%/yr | −12.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −51.5%−13.5%/yr | −60.4% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionSep 24, 2020 | −58.7%−13.5%/yr | −66.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GOVZ vs AGG
From Sep 24, 2020: GOVZ grew to $4,135, AGG to $9,777.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GOVZ returns by calendar year
1 of 5 full years positive. Best 2023 (+0.9%), worst 2022 (−41.0%). 2026 is year to date.
GOVZ annual returns table
| Year | GOVZ | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −5.8% | −19.9% | −1.0% | −3.4% | +12.3% |
| 2025 | −1.8% | −16.1% | +7.2% | +4.3% | +17.7% |
| 2024 | −16.2% | −19.6% | +1.3% | −8.1% | +24.9% |
| 2023 | +0.9% | −32.4% | +5.7% | +2.8% | +26.2% |
| 2022 | −41.0% | −46.1% | −13.0% | −31.2% | −18.2% |
| 2021 | −5.0% | −20.4% | −1.8% | −4.6% | +28.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GOVZ largest drawdowns
Now 58.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 24, 2020 | −62.5% | Oct 7, 2026 | not yet | 6.0 years | 6.1 years so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GOVZ risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | −5.3% | −14.9% | −14.7% |
| Volatility (annualized) | 21.5% | 21.9% | 21.0% |
| Sharpe ratio | -0.36 | -0.79 | -0.79 |
| Sortino ratio | -0.49 | -0.98 | -0.97 |
| Best month | +16.2% | +16.2% | +16.2% |
| Worst month | −10.5% | −13.0% | −13.0% |
| Best 12 months | +20.2% | +20.2% | +20.2% |
| Worst 12 months | −17.5% | −44.3% | −44.3% |
| Positive months | 47% | 42% | 42% |
| Beta vs S&P 500 | 0.84 | 0.73 | — |
| Correlation with S&P 500 | 0.49 | 0.52 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GOVZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 62 | −44.3% | −12.2% | +20.2% | 16% |
| 3-year (a year) | 38 | −24.3% | −13.2% | +0.6% | 3% |
| 5-year (a year) | 14 | −14.9% | −13.5% | −10.5% | 0% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
GOVZ performance overview
iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) returned −12.8% over the past year and −13.5% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned −13.5% a year, turning $10,000 into about $4,135. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −62.5%, from Sep 24, 2020 to Oct 7, 2026; the fund has not yet regained that high. GOVZ finished 1 of its 5 full calendar years with a gain; the best year was 2023 (+0.9%) and the worst 2022 (−41.0%). Volatility has been 21.0% a year.
Related: GOVZ chart, GOVZ dividends, GOVZ bond profile. See the GOVZ overview for the latest quote and fund facts.
GOVZ performance FAQ
What is the GOVZ return over the past year?
GOVZ returned −12.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 17.1%.
What is the average annual return of GOVZ?
GOVZ has returned −13.5% a year over 5 years, −13.5% a year since September 24, 2020 (total return, distributions reinvested).
How much would $10,000 invested in GOVZ be worth?
$10,000 invested in GOVZ at its first recorded close on September 24, 2020 would be worth about $4,135 on October 23, 2026 with distributions reinvested.
What was the worst year for GOVZ?
The worst calendar year was 2022, with a total return of −41.0%. The best was 2023 at +0.9%.
What is the biggest drawdown of GOVZ?
The largest peak-to-trough decline was −62.5% between September 24, 2020 and October 7, 2026. It has not yet recovered to that high; it is 58.7% below its peak.
How volatile is GOVZ?
Over the past 3 years GOVZ had an annualized volatility of 21.5% and a Sharpe ratio of -0.36 (excess return over 1–3 month T-bills per unit of risk).