iShares 25+ Year Treasury STRIPS Bond ETF
$32.88−0.88 (−2.61%)
- Expense ratio
- 0.15%
- Fund size
- $332M
- 1Y return
- −7.5%
- Yield · Last 12 months
- 5.45%
- Holdings
- 20
- Volume · 30D
- 0.3M sh
- NAV per share
- $33.70
- 52W range
The ETF.net GOVZ Grade
Score 54 of 100 sits in the C 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.CScore 42Category 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.FScore 22Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 60Category rank
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
- 20
- 54%
- TREASURY STRIP (PRIN) 0.00% 02/15/2052
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.
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 | GOVZ |
|---|---|
| Year to date | −5.6% |
| 1 month | +1.7% |
| 3 months | −6.5% |
| 1 year | −7.5% |
| 3 years | −4.1% |
| 5 years | −14.6% |
| 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 | −5.6% | |
| 2025 | −1.8% | |
| 2024 | −16.2% | |
| 2023 | +0.9% | |
| 2022 | −41.0% | |
| 2021 | −4.9% | |
| 2020 | −5.6% |
GOVZ in the news
ETF.net Research hasn’t filed on GOVZ yet — coverage lands here as it’s written.
GOVZ Dividends
- 5.45%
- $1.84
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.14 |
| Aug 3, 2026 | Aug 6, 2026 | $0.15 |
| Jul 1, 2026 | Jul 7, 2026 | $0.15 |
| Jun 1, 2026 | Jun 4, 2026 | $0.17 |
| May 1, 2026 | May 6, 2026 | $0.15 |
| Apr 1, 2026 | Apr 7, 2026 | $0.16 |
| Mar 2, 2026 | Mar 5, 2026 | $0.14 |
| Feb 2, 2026 | Feb 5, 2026 | $0.16 |
| Dec 19, 2025 | Dec 24, 2025 | $0.16 |
| Dec 1, 2025 | Dec 4, 2025 | $0.15 |
| Nov 3, 2025 | Nov 6, 2025 | $0.16 |
| Oct 1, 2025 | Oct 6, 2025 | $0.14 |
GOVZ Risk
- 22.1%
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.
- −0.42
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.
- −57.9%
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
- The middle half of Treasuries (20+ Year) funds
- Median 0.15%
4 of the 11 Treasuries (20+ Year) funds charge less.