iShares International Treasury Bond ETF (IGOV) Performance
IGOV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.5% since Dec 31, 2025
- 1 year
- −4.1% total return
- 5 years
- −4.3% a year
- 10 years
- −1.5% a year
- Since first price
- −0.0% a year since 2009
IGOV trailing returns vs AGG, TLT, SPY
| Period | IGOV total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.2% | +0.2% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.4% | −0.4% | −0.4% | −1.0% | +3.2% |
| 6 months | −3.5% | −3.5% | −1.5% | −3.8% | +7.8% |
| YTD | −3.5% | −3.5% | −1.0% | −3.4% | +12.3% |
| 1 year | −4.1% | −5.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +10.5%+3.4%/yr | +8.3% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −19.7%−4.3%/yr | −21.6% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | −13.9%−1.5%/yr | −17.1% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | −15.1%−1.1%/yr | −23.6% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionJan 29, 2009 | −0.4%−0.0%/yr | −16.0% | — | — | — |
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: IGOV vs AGG
From Jan 29, 2009: IGOV grew to $9,957, AGG to $15,759.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IGOV returns by calendar year
9 of 16 full years positive. Best 2017 (+11.4%), worst 2022 (−22.1%). 2026 is year to date.
IGOV annual returns table
| Year | IGOV | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −3.5% | −7.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +10.0% | −4.1% | +7.2% | +4.3% | +17.7% |
| 2024 | −6.5% | −8.2% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.6% | −10.9% | +5.7% | +2.8% | +26.2% |
| 2022 | −22.1% | −29.1% | −13.0% | −31.2% | −18.2% |
| 2021 | −9.2% | −10.6% | −1.8% | −4.6% | +28.7% |
| 2020 | +10.9% | −11.1% | +7.5% | +18.2% | +18.3% |
| 2019 | +3.8% | −3.9% | +8.5% | +14.1% | +31.2% |
| 2018 | −2.6% | −9.5% | +0.1% | −1.6% | −4.6% |
| 2017 | +11.4% | −4.6% | +3.6% | +9.2% | +21.7% |
| 2016 | +0.9% | −13.1% | +2.4% | +1.2% | +12.0% |
| 2015 | −7.2% | −8.6% | +0.5% | −1.8% | +1.2% |
| 2014 | −2.2% | −8.4% | +6.0% | +27.3% | +13.5% |
| 2013 | −1.4% | −7.1% | −2.0% | −13.4% | +32.3% |
| 2012 | +5.3% | −5.2% | +3.8% | +2.6% | +16.0% |
| 2011 | +1.6% | −10.9% | +7.7% | +34.0% | +1.9% |
| 2010 | +1.6% | −10.8% | +6.4% | +9.0% | +15.1% |
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.
IGOV largest drawdowns
Now 26.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 5, 2021 | −35.9% | Oct 20, 2022 | not yet | 1.8 years | 5.8 years so far |
| Jul 1, 2014 | −15.7% | Nov 10, 2015 | Mar 26, 2018 | 1.4 years | 3.7 years |
| Dec 1, 2009 | −14.6% | Jun 7, 2010 | Oct 6, 2010 | 6 months | 10 months |
| Mar 9, 2020 | −11.1% | Mar 19, 2020 | Jul 27, 2020 | 10 days | 5 months |
| Aug 17, 2011 | −10.9% | Dec 14, 2011 | Apr 10, 2014 | 4 months | 2.6 years |
| Mar 26, 2018 | −9.5% | Nov 12, 2018 | Mar 6, 2020 | 8 months | 1.9 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IGOV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +3.0% | −4.5% | −1.9% | −0.0% |
| Volatility (annualized) | 9.7% | 11.3% | 9.3% | 8.8% |
| Sharpe ratio | -0.10 | -0.67 | -0.41 | -0.11 |
| Sortino ratio | -0.15 | -0.84 | -0.52 | -0.14 |
| Best month | +6.4% | +7.9% | +7.9% | +7.9% |
| Worst month | −4.5% | −7.6% | −7.6% | −7.6% |
| Best 12 months | +12.5% | +12.5% | +13.1% | +14.4% |
| Worst 12 months | −6.5% | −28.4% | −28.4% | −28.4% |
| Positive months | 58% | 48% | 52% | 55% |
| Beta vs S&P 500 | 0.34 | 0.46 | 0.29 | — |
| Correlation with S&P 500 | 0.43 | 0.63 | 0.48 | — |
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.
IGOV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 202 | −28.4% | +0.8% | +14.4% | 54% |
| 3-year (a year) | 178 | −11.3% | +1.1% | +6.0% | 61% |
| 5-year (a year) | 154 | −5.6% | −0.4% | +4.7% | 45% |
| 10-year (a year) | 94 | −2.8% | −0.5% | +2.0% | 40% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
IGOV performance overview
iShares International Treasury Bond ETF (IGOV) returned −4.1% over the past year and −1.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned −0.0% a year, turning $10,000 into about $9,957. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −35.9%, from Jan 5, 2021 to Oct 20, 2022; the fund has not yet regained that high. IGOV finished 9 of its 16 full calendar years with a gain; the best year was 2017 (+11.4%) and the worst 2022 (−22.1%). Volatility has been 8.8% a year.
Related: IGOV chart, IGOV dividends, IGOV bond profile. See the IGOV overview for the latest quote and fund facts.
IGOV performance FAQ
What is the IGOV return over the past year?
IGOV returned −4.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.5%.
What is the average annual return of IGOV?
IGOV has returned −4.3% a year over 5 years, −1.5% a year over 10 years, −0.0% a year since January 29, 2009 (total return, distributions reinvested).
How much would $10,000 invested in IGOV be worth?
$10,000 invested in IGOV at its first recorded close on January 29, 2009 would be worth about $9,957 on October 23, 2026 with distributions reinvested.
What was the worst year for IGOV?
The worst calendar year was 2022, with a total return of −22.1%. The best was 2017 at +11.4%.
What is the biggest drawdown of IGOV?
The largest peak-to-trough decline was −35.9% between January 5, 2021 and October 20, 2022. It has not yet recovered to that high; it is 26.3% below its peak.
How volatile is IGOV?
Over the past 3 years IGOV had an annualized volatility of 9.7% and a Sharpe ratio of -0.10 (excess return over 1–3 month T-bills per unit of risk).