GOVT vs RISR: Grades, Fees and Holdings Compared

iShares U.S. Treasury Bond ETF

GOVTACboe

FolioBeyond Alternative Income and Interest Rate Hedge ETF

RISR—NYSE Arca

Overlap

No data

Expense ratio

GOVT −0.99pt a year

GOVT0.05%RISR1.04%

Avg volume · 30D

GOVT 73.1×the volume

GOVT11.1MRISR152K

5Y return · a year

RISR +15.3pt

GOVT−0.6%RISR+14.7%

GOVT vs RISR Performance

Oct 29, 2021 – Oct 30, 2026

−3.0%GOVT+98.9%RISR

Expense ratio: GOVT 0.05%, better; RISR 1.04%
Fund size: GOVT $43.2B; RISR $484M
1Y total return: GOVT −0.3%; RISR +8.7%, better
Yield (12M): GOVT 3.73%; RISR 5.85%, better
Holdings: GOVT 236; RISR 175
Avg volume (30D): GOVT 11.1M sh, better; RISR 152K sh
NAV per share: GOVT $22.30; RISR $36.78
52W range

ETF.net Grade

—RISRUnder classification review

Pillar letters and Scores for GOVT, RISR, with each pillar’s weight
Pillar	GOVT	RISR
Cost30% weight	A87	Not scored
Mission25% weight	A97	Not scored
Risk15% weight	C48	Not scored
Tradability15% weight	A77	Not scored
Holdings10% weight	B62	Not scored
Durability5% weight	A92	Not scored

Rank among US Treasury & Government funds

How we build Categories ›

US Treasury & Government⁠

Category · 16 funds

See all 16 ›

GOVT ranks 1st of 16 funds in the US Treasury & Government Category.

Rank 1AGOVTiShares U.S. Treasury Bond ETFScore 79
Rank 2ASPTBState Street SPDR Portfolio Treasury ETFScore 78
RISRNot yet graded

Our read on each fund

ETF.net Research

GOVTAiShares U.S. Treasury Bond ETF

RISR—FolioBeyond Alternative Income and Interest Rate Hedge ETF

In short

GOVT The 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.

RISR No data

Stated mandate

GOVT 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.

RISR No data

Why people hold it

GOVT 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

RISR No data

Worth knowing

GOVT 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.

RISR No data

Full GOVT profile⁠

Full RISR profile⁠

GOVT vs RISR Holdings

How GOVT and RISR differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Asset classFixed Income100%
Countryby domicile100%

Sector

No Sector split for RISR.

Country, concentration and asset class

Country by domicile

Country weights in GOVT and RISR, widest gap first
Country	More in GOVTMore in RISR	GOVT	RISR
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

GOVT20.8%
RISR29.7%

Securities held

GOVT234
RISR153

Asset class

GOVT: Fixed Income
RISR: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. GOVT holds 234 securities, RISR 153.

All 229 GOVT holdings⁠All 175 RISR holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GOVT vs RISR Cost

Overpaying RISR vs GOVT

$18,274

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

GOVT 0.05%
$1,060
RISR 1.04%
$19,334

Amount$10,000

Years30 years

Cost over time

GOVT 0.05%
RISR 1.04%
Overpaying

Year by year

Year	GOVT	RISR	Overpaying
10	$92	$1,831	$1,739
20	$360	$6,867	$6,507
30	$1,060	$19,334	$18,274

Expense ratio

0.05%GOVT, cheaper
1.04%RISR

GOVT0.05%RISR1.04%

0.03%1.04%

Middle half of US Treasury & Government funds
Median 0.15%

GOVT 3rd cheapest of 16 funds

RISR 16th cheapest of 16 funds

GOVT vs RISR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GOVT 3.73%; RISR 5.85%, better
Payout (12M): GOVT $0.83; RISR $2.15
Last payment: GOVT $0.07; RISR $0.18
Ex-dividend: GOVT Oct 1, 2026; RISR Oct 29, 2026
Paid on: GOVT Oct 6, 2026; RISR Oct 30, 2026
Frequency: GOVT Monthly; RISR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GOVTMonthly · 45 paymentsAll GOVT payments⁠

RISRMonthly · 46 paymentsAll RISR payments⁠

GOVT vs RISR Risk

Fall from peak · 5 years

GOVT
RISR

Risk facts

VolatilityStd dev, 3 years: GOVT 5.1%, betterRISR 6.7%
Return per unit of riskSharpe ratio, 3 years: GOVT −0.01RISR 0.66, better
Worst fallMax drawdown, 5 years: GOVT −16.2%RISR −14.3%, better
Market sensitivityBeta, 5 years: GOVT 0.88RISR −1.01; Market = 1

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