iShares 25+ Year Treasury STRIPS Bond ETF
$31.32+0.24 (+0.77%)
- 0.15%
- $343M
- −17.9%
- 5.92%
- 0.4M sh
- $30.85
- low $29.88high $41.04
The ETF.net GOVZ Grade
C
Score 55 out of 100
- 9 of 11
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.C42 out of 100Rank 5 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 7 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 11 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 8 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 7 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 5 of 11
Our read on GOVZ
CCoupons stripped away: this fund holds only the principal payments of Treasury bonds with 25+ years left. No interest along the way, just one distant payoff, which makes it the longest-duration corner of the government bond aisle.
The fund seeks to track an index of principal STRIPS from U.S. Treasury bonds with at least 25 years remaining to maturity.
Why people hold it
- A purer duration tool than standard long-Treasury funds. Principal STRIPS with at least 25 years to run carry no coupons, so the whole payoff sits far out on the curve.ishares.com
- Tracks the ICE BofA Long US Treasury Principal STRIPS Index closely, one of the tighter index implementations among long Treasury funds.
- Cash still shows up monthly, even though the underlying STRIPS make no coupon payments before maturity.
- Fee runs 0.15%, matching the typical long Treasury fund and matching ZROZ, the only other ETF on the same declared index.
Worth knowing
- Median price, not cheap price. VGLT (0.03%), BBLB (0.04%) and EDV (0.05%) deliver long Treasury exposure for a fraction of the 0.15% here.
- Maximum duration cuts both ways. Zero-coupon STRIPS swing harder on rate moves than coupon-paying Treasury funds like TLT, in both directions.
- A 2020 launch that trades moderately rather than heavily, so spreads can be wider than the aisle's most heavily traded names.
GOVZ Holdings
- Bonds
- 22
- 54%
- Treasury Strip (Prin) 0.00% 02/15/2052
Sectors
- Treasuries100.0%
Geography
- United States100.00%
GOVZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
GOVZ$8,211
Returns run to the Oct 12, 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 | GOVZ |
|---|---|
| Year to date | −12.7% |
| 1 month | −5.4% |
| 3 months | −10.8% |
| 1 year | −17.9% |
| 3 years | −3.6% |
| 5 years | −14.7% |
| 10 years | — |
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 | GOVZ |
|---|---|---|
| 2026 YTD | −12.7% | |
| 2025 | −1.8% | |
| 2024 | −16.2% | |
| 2023 | +0.9% | |
| 2022 | −41.0% | |
| 2021 | −4.9% | |
| 2020 | −5.6% |
GOVZ in the news
GOVZ Dividends
- 5.92%
- $1.84
- $0.14 per share
- Monthly
Distribution history
GOVZ Risk
- 21.4%
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.
- −0.36
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.
- −60.6%
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.
- 3.63
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GOVZ Cost
0.15%
GOVZ0.15%
- The middle half of Treasuries (20+ Year) funds
- Median 0.15%
4 of the 11 Treasuries (20+ Year) funds charge less.
Other funds in Treasuries (20+ Year)
- BUTHYUS Treasury 30 Year Bond ETFExpense ratio 0.15%1 year return −9.6%
- BUTWYUS Treasury 20 Year Bond ETFExpense ratio 0.15%1 year return −8.1%
- BZROZPIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded FundExpense ratio 0.15%1 year return −18.0%
- DTFJLInnovator 20+ Year Treasury Bond 5 Floor ETFExpense ratio 0.79%1 year return −9.6%
- FDWWNPrincipal Exchange-Traded Funds - Principal Long Duration ETFExpense ratio 0.19%1 year return —