Data as of Oct 28, 2026.
GOVI vs SPTL: Differences, Returns & Fees
GOVI's duration was 10.0 years on May 31, 2026 and SPTL's 14.1 on Jun 30, 2026; SPTL charges 0.03% to GOVI's 0.15%.
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Net assets on Oct 27, 2026: $1.2bn for Invesco Equal Weight 0-30 Year Treasury ETF and $11.6bn for State Street SPDR Portfolio Long Term Treasury ETF.
Pair scorecard
SPTL costs 0.12 points a year less; their one-year returns differ by 2.0 points; SPTL is 9.7 times larger.
| Measure | GOVI | SPTL |
|---|---|---|
| Return | ||
| Total return, 1 year | −4.7% | −6.7% |
| Drawdown | ||
| Below its high | 24.1%, high on Aug 4, 2020 | 38.9%, high on Aug 4, 2020 |
| Benchmark | ||
| What it tracks | ICE 1-30 Year Laddered Maturity US Treasury Index | Bloomberg Long U.S. Treasury Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Oct 27, 2026 | $1.2bn | $11.6bn |
| Holdings | ||
| Holdings in common | 18% | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method
Risk and return
Oct 19, 2007 to Oct 23, 2026 · 992 weekly returns · each against AGGSPTL returned slightly more: +70.4% to +65.6%. GOVI swung less: 8.8% to 13.0%. GOVI fell less at its worst: −32.2% to −45.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GOVI | SPTL | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +65.6% | +70.4% | SPTL (slight) | Price change plus distributions, reinvested. | |
| Annualized | +2.7% | +2.8% | SPTL (slight) | Total return as a yearly rate. | |
| Price return | +0.7% | −4.6% | GOVI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 8.8% | 13.0% | GOVI | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 6.2% | 9.2% | GOVI | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −32.2% | −45.7% | GOVI | Deepest fall from a high to the low after it. | |
| Upside capture | 182.4% | 290.8% | 100.0% | SPTL | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 165.3% | 221.5% | 100.0% | GOVI | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.16 | 1.70 | 1.00 | GOVI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.51 | 0.50 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.18 | 0.17 | GOVI (slight) | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.25 | 0.24 | GOVI (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.013 | 0.013 | 0.014 | GOVI (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.08 | 0.06 | GOVI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | −0.1% a year | −0.2% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.06 | −0.10 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.8% to +2.7% | −4.4% to +3.9% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.02 | 0.08 | SPTL | Return against its benchmark per unit of tracking error. | |
| Tracking error | 6.2% | 10.0% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 992 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GOVI and SPTL hold 18% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
18% in common
Only in one fund ↓
Side by side
GOVI and SPTL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GOVI and SPTL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. GOVI follows ICE 1-30 Year Laddered Maturity US Treasury Index and SPTL follows Bloomberg Long U.S. Treasury Index.
- Holdings in common. 18% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 GOVI returned −4.7% and SPTL −6.7% with distributions reinvested, a gap of 2.0 points.
Data as of Oct 28, 2026.
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GOVI
GOVI tracks an index. Over the year to Oct 28, 2026 it returned −4.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.15% a year. It sat 24.1% below its high of Aug 4, 2020 on Oct 28, 2026.
SPTL
SPTL tracks an index. Over the year to Oct 28, 2026 it returned −6.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 38.9% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, GOVI or SPTL?
- In the year to Oct 28, 2026, with distributions reinvested, GOVI returned −4.7% and SPTL −6.7%.
- Which is cheaper, GOVI or SPTL?
- SPTL is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, GOVI against SPTL, data as of Oct 28, 2026. https://etfiq.com/compare/any/govi-vs-sptl
ETFIQ. (Oct 28, 2026). GOVI against SPTL. Retrieved from https://etfiq.com/compare/any/govi-vs-sptl
[GOVI against SPTL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/govi-vs-sptl)
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