GOVT vs IGB - Compare ETFs side by side

At a glance

Comparing GOVT and IGB. GOVT has the lower management fee at 0.1% a year, GOVT has the higher 10 years return at 1.1% a year, and GOVT offers the higher at 3.01%.

Lower fee

GOVT 0.1% p.a.

Higher 10 years return

GOVT 1.1% p.a.

Higher yield

GOVT 3.01%

Lower volatility

IGB 5% (10y)

Larger fund

IGB $430m

Side-by-side comparison

Metric	GOVT State Street SPDR S&P/ASX Australian Government Bond ETF	IGB iShares Treasury ETF
Snapshot
Provider	State Street	iShares
Tracks index	—	Bloomberg AusBond Treasury 0+ Yr Index
Categories	Bonds, AU	Bonds, AU
Listed since	—	—
Fund size (AUM)	$77m	$430m
Cost & income
Management fee	0.1%	0.18%
Dividend yield	3.01%	2.6%
Franking	0%	0%
Turnover	15%	30%
Tax drag	1.32%	1.55%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	0.7% net	0.4% net
3-year return	3.3% net	2.9% net
5-year return	-1% net	-0.8% net
10-year return	1.1% net	1.1% net
Risk
Volatility (3y)	4.9%	4.2%
Volatility (5y)	6.5%	5.8%
Volatility (10y)	5.3%	5%
Sharpe ratio (3y)	—	—
Sharpe ratio (5y)	—	—
Sharpe ratio (10y)	—	—
Bid/ask spread	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

GOVT State Street SPDR S&P/ASX Australian Government Bond ETF

Low-cost: a 0.1% management fee keeps more of the return in your pocket.
Low volatility (5.32% over 10 years) for a smoother ride.

Has lagged most peers over 10 years (103rd of 108).

Full GOVT analysis →

IGB iShares Treasury ETF

Low-cost: a 0.18% management fee keeps more of the return in your pocket.
Low volatility (4.98% over 10 years) for a smoother ride.

Has lagged most peers over 10 years (104th of 108).

Full IGB analysis →

Frequently Asked Questions

What's the difference between GOVT vs IGB?

GOVT and IGB are 2 Australian-listed ETFs we compare side by side. GOVT carries the lower management fee (0.1%). Over 10 years, GOVT has delivered the higher total return (1.1% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - GOVT vs IGB?

GOVT has the lower management fee at 0.1% a year, versus IGB 0.18%.

Which has performed higher - GOVT vs IGB?

Over the past 10 years, GOVT has delivered the higher total return at 1.1% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

GOVT pays the higher at 3.01%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

IGB is the larger fund by assets ($430m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.