iShares GNMA Bond ETF
$42.31−0.38 (−0.89%)
- Expense ratio
- 0.11%
- Fund size
- $436M
- 1Y return
- +0.4%
- Yield · Last 12 months
- 4.38%
- Holdings
- 356
- Volume · 30D
- 0M sh
- NAV per share
- $42.79
- 52W range
The ETF.net GNMA Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 83Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 45Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 30Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 49Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
Our read on GNMA
BMost mortgage ETFs blend Fannie, Freddie and Ginnie collateral. This one holds only Ginnie Mae pass-throughs, the slice whose guarantee is explicitly backed by the full faith and credit of the US government, for 0.11% a year.
The fund seeks to track an index of mortgage-backed securities issued by the Government National Mortgage Association (GNMA).
Why people hold it
- Pure Ginnie Mae mandate: the guarantee on these pass-throughs is backed by the full faith and credit of the United States, while federal support for Fannie and Freddie paper is implicit.ginniemae.govcbo.gov
- Costs 0.11% a year, under a third of the typical mortgage-bond ETF fee, and BlackRock covers the fund's ordinary operating expenses out of that management fee.sec.gov
- Monthly payer, roughly 300 Ginnie Mae pools, same index mandate since its 2012 launch. Sits in the upper half of its mortgage-backed peer group on our review.
Worth knowing
- Thinly traded next to the category's giants (MBB, VMBS), so bid/ask spreads and order size matter more here than in the big broad-agency funds.
- Cheap, not the cheapest shelf: VMBS and SPMB charge less, though they hold broad agency MBS rather than Ginnie Mae collateral alone.
- The guarantee covers payment, not price. Interest-rate moves and homeowner prepayments still drive results, and prepayments can hand principal back sooner than planned.sec.govginniemae.gov
GNMA Holdings
- Bonds
- 356
- 26%
- BLK CSH FND TREASURY SL AGENCY
Geography
- United States100.00%
GNMA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GNMA |
|---|---|
| Year to date | −1.4% |
| 1 month | −1.7% |
| 3 months | −2.1% |
| 1 year | +0.4% |
| 3 years | +4.5% |
| 5 years | +0.1% |
| 10 years | +0.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GNMA |
|---|---|---|
| 2026 YTD | −1.4% | |
| 2025 | +8.2% | |
| 2024 | +1.1% | |
| 2023 | +5.3% | |
| 2022 | −10.8% | |
| 2021 | −1.9% | |
| 2020 | +3.5% |
GNMA in the news
ETF.net Research hasn’t filed on GNMA yet — coverage lands here as it’s written.
GNMA Dividends
- 4.38%
- $1.87
- $0.16 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.16 |
| Aug 3, 2026 | Aug 6, 2026 | $0.16 |
| Jul 1, 2026 | Jul 7, 2026 | $0.16 |
| Jun 1, 2026 | Jun 4, 2026 | $0.15 |
| May 1, 2026 | May 6, 2026 | $0.16 |
| Apr 1, 2026 | Apr 7, 2026 | $0.15 |
| Mar 2, 2026 | Mar 5, 2026 | $0.15 |
| Feb 2, 2026 | Feb 5, 2026 | $0.16 |
| Dec 19, 2025 | Dec 24, 2025 | $0.16 |
| Dec 1, 2025 | Dec 4, 2025 | $0.16 |
| Nov 3, 2025 | Nov 6, 2025 | $0.15 |
| Oct 1, 2025 | Oct 6, 2025 | $0.16 |
GNMA Risk
- 6.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.002
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GNMA Cost
- The middle half of Mortgage-Backed Securities funds
- Median 0.32%
4 of the 24 Mortgage-Backed Securities funds charge less.