Which returned more over the last year, GOVT or HYMB?

In the year to Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and HYMB −1.0%.

Which is cheaper, GOVT or HYMB?

GOVT is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GOVT vs HYMB: Differences, Returns & Fees

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GOVT's duration was 5.5 years on Jul 31, 2026 and HYMB's 7.3 on Jun 30, 2026; GOVT charges 0.05% to HYMB's 0.35%.

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Net assets on Oct 27, 2026: $42.8bn for iShares U.S. Treasury Bond ETF and $3.8bn for State Street SPDR Nuveen ICE High Yield Municipal Bond ETF.

GOVT on its own →HYMB on its own →

At a glance

−1.5%

GOVT total return, 1 year

−1.0%

HYMB total return, 1 year

0.05%

GOVT expense ratio

0.35%

HYMB expense ratio

Pair scorecard

GOVT costs 0.30 points a year less; their one-year returns differ by 0.5 points; GOVT is 11.3 times larger.

GOVT vs HYMB: Differences, Returns & Fees
Measure	GOVT	HYMB
Return
Measure	GOVT	HYMB
Total return, 1 year	−1.5%	−1.0%
Drawdown
Measure	GOVT	HYMB
Below its high	8.1%, high on Aug 4, 2020	4.7%, high on Jul 2, 2026
Benchmark
Measure	GOVT	HYMB
What it tracks	ICE U.S. Treasury Core Bond Index	ICE US Select High Yield Crossover Municipal Index
Cost and size
Measure	GOVT	HYMB
Expense ratio	0.05%	0.35%
Net assets, as of Oct 27, 2026	$42.8bn	$3.8bn
Holdings
Measure	GOVT	HYMB
Holdings in common	0%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

What they share

By the books each fund has filed, GOVT and HYMB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GOVT HYMB

Only in one fund ↓

Only in GOVT

U.S. Treasury Notes, due Nov 15, 2031 5.28%

U.S. Treasury Notes, due Feb 15, 2029 2.95%

U.S. Treasury Notes, due Feb 15, 2028 2.63%

U.S. Treasury Notes, due Nov 15, 2028 2.08%

U.S. Treasury Notes, due May 15, 2028 1.62%

U.S. Treasury Bonds, due May 15, 2046 1.48%

U.S. Treasury Bonds, due Nov 15, 2042 1.46%

U.S. Treasury Bonds, due Feb 15, 2051 1.46%

Only in HYMB

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 2.49%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2058 1.52%

BUCKEYE OH TOBACCO SETTLEMENT FING AUTH, due Jun 1, 2055 1.25%

PUERTO RICO CMWLTH, due Jul 1, 2041 0.63%

PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE, due Jul 1, 2053 0.61%

PUERTO RICO CMWLTH, due Jul 1, 2046 0.54%

NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE, due Nov 15, 2044 0.46%

MET PIER & EXPOSITION AUTH IL REVENUE, due Dec 15, 2042 0.43%

Check overlap with more funds →

Side by side

GOVT iShares U.S. Treasury Bond ETF HYMB State Street SPDR Nuveen ICE High Yield Municipal Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares State Street

What it is Tracks an index of U.S. Treasury Bond Tracks an index of Nuveen ICE High Yield Municipal Bond

Total return, 1 year −1.5% −1.0%

Its benchmark over the same days not measured −1.4% (AGG)

Gap to its benchmark not measured +0.4 pts vs AGG

Expense ratio 0.05% 0.35%

Holdings 229 2105

Net assets, as of Oct 27, 2026 $42.8bn $3.8bn

GOVT and HYMB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

GOVT

GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 on Oct 28, 2026.

HYMB

HYMB tracks an index of Nuveen ICE High Yield Municipal Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.35% a year. It sat 4.7% below its high of Jul 2, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, GOVT or HYMB?: In the year to Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and HYMB −1.0%.
Which is cheaper, GOVT or HYMB?: GOVT is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GOVT vs VTEB GOVT vs MUB GOVT vs HYG GOVT vs IGIB HYMB vs VGIT HYMB vs IEF HYMB vs MBB HYMB vs VGSH

Where to next

GOVT on its own →HYMB on its own →Hold both: look the portfolio through →Rankings →GOVT dividend history →GOVT holdings →HYMB dividend history →HYMB holdings →Standards and sources →

Sources and dates

GOVT filings on SEC EDGAR ↗

GOVT prospectus with the expense ratio (SEC) ↗

iShares page for GOVT ↗

HYMB filings on SEC EDGAR ↗

HYMB prospectus with the expense ratio (SEC) ↗

State Street website ↗

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.

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ETFIQ, GOVT against HYMB, data as of Oct 28, 2026. https://etfiq.com/compare/any/govt-vs-hymb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.