iShares U.S. Treasury Bond ETF
$22.02−0.16 (−0.73%)
- Expense ratio
- 0.05%
- Fund size
- $41.8B
- 1Y return
- −0.3%
- Yield · Last 12 months
- 3.73%
- Holdings
- 218
- Volume · 30D
- 10.1M sh
- NAV per share
- $22.18
- 52W range
The ETF.net GOVT Grade
Score 79 of 100 sits in the A 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 87Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 96Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 49Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 78Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 63Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 92Category rank
Our read on GOVT
AThe plain-vanilla Treasury sleeve. One index fund spanning the full maturity spectrum of US government debt, running since 2012 at five basis points, with none of the credit risk that lives in the rest of the bond aisle.
The fund seeks to track an index of U.S. Treasury bonds spanning the full maturity spectrum, providing broad exposure to U.S. government debt for stability and income.
Why people hold it
- Charges 0.05% a year, well under the median fee in its broad-Treasury peer group.
- Tracks the ICE US Treasury Core Bond Index tightly, one of the cleaner index implementations among broad Treasury funds.
- A multi-billion-dollar fund that trades heavily, which tends to show up as thin bid-ask spreads for retail-size orders.
- US Treasury debt and nothing else, paid out monthly. No corporate credit to underwrite, no mortgage prepayments to model.ishares.com
Worth knowing
- Covering the full maturity spectrum means long-dated bonds are in the mix, so the share price moves with interest rates more than a short-dated Treasury fund's would.
- Nominal Treasuries only. Inflation-linked exposure sits in different funds, such as SPIP or VTP.
- SPTB runs the same broad-Treasury idea at 0.03%, two basis points less.
GOVT Holdings
- Bonds
- 218
- 21%
- TREASURY NOTE 1.38% 11/15/2031
Geography
- United States100.00%
GOVT 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 | GOVT |
|---|---|
| Year to date | −1.3% |
| 1 month | −0.8% |
| 3 months | −1.2% |
| 1 year | −0.3% |
| 3 years | +3.4% |
| 5 years | −1.1% |
| 10 years | +0.7% |
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 | GOVT |
|---|---|---|
| 2026 YTD | −1.3% | |
| 2025 | +3.8% | |
| 2024 | +3.0% | |
| 2023 | +4.2% | |
| 2022 | −13.4% | |
| 2021 | −1.1% | |
| 2020 | +7.3% |
GOVT in the news
ETF.net Research hasn’t filed on GOVT yet — coverage lands here as it’s written.
GOVT Dividends
- 3.73%
- $0.83
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.08 |
| Aug 3, 2026 | Aug 6, 2026 | $0.07 |
| Jul 1, 2026 | Jul 7, 2026 | $0.07 |
| Jun 1, 2026 | Jun 4, 2026 | $0.07 |
| May 1, 2026 | May 6, 2026 | $0.07 |
| Apr 1, 2026 | Apr 7, 2026 | $0.07 |
| Mar 2, 2026 | Mar 5, 2026 | $0.06 |
| Feb 2, 2026 | Feb 5, 2026 | $0.07 |
| Dec 19, 2025 | Dec 24, 2025 | $0.07 |
| Dec 1, 2025 | Dec 4, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.06 |
| Oct 1, 2025 | Oct 6, 2025 | $0.07 |
GOVT Risk
- 5.0%
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.
- −0.26
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.
- −16.4%
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.
- 0.88
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GOVT Cost
- The middle half of US Treasury & Government funds
- Median 0.15%
2 of the 16 US Treasury & Government funds charge less.