Snapshot*
Top 10 Holdings
What is GOVT?
The Fund seeks to track the investment results of the ICE U.S. Treasury Core Bond Index (the Underlying Index ), which measures the performance of public obligations of the U.S. Treasury. As of October 31, 2020, there were 261 issues in the Underlying Index. The Underlying Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than one year and less than or equal to thirty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the Fed ) Open Market Account or bought at issuance by the Fed. As of October 31, 2020, the dollar-weighted average maturity of the Underlying Index was 8.32 years. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, cash management bills, Treasury bills, any government agency debt issued with or without a government guarantee and zero coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization excluding amounts held by the Fed Open Market Account or bought at issuance by the Fed, and the securities in the Underlying Index are updated on the last business day of each month.
GOVTPerformance Measures**
for the time period Feb 24, 2012 to Aug 5, 2026
1M Trailing Return: -0.5%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -0.0%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -19.1%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 4.8%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.28
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.06
The annualized return divided by the max drawdown for the selected time period.
ETFs related toGOVT
ETFs correlated to GOVT include UTEN, IEF, TYD
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toGOVT
HFEA 94% Deleveraged | Deez | 23JUL2023
Category
Tactical allocation, momentum, mean reversion, risk-on/off, US equities, Treasuries, leveraged ETFs
OOS Cumulative Return
149.71%
CounterBalancer - Low R/R (Dec) (Low Risk)
Category
Tactical allocation, trend-following, mean-reversion, volatility-aware, leveraged ETFs, hedged, long/short
OOS Cumulative Return
131.61%
Create your own algorithmic trading strategy with GOVT using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.