ETF Evaluator:
iShares Intermediate Govt/Crdt Bd ETF ()
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(as of Aug 26)
Best Performing in Short-Term Bond Over the Last Year
| 6.6% | Overlay Shares Short Term Bond ETF (OVT) |
| 5.0% | AAM SLC Low Duration Income ETF (LODI) |
| 4.6% | SanJac Alpha Low Duration ETF (SJLD) |
| 4.5% | Performance Trust Short Term Bond ETF (STBF) |
| 4.4% | American Century® Short Dur Str Inc ETF (SDSI) |
Risk
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Risk
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ETF Details
iShares Intermediate Govt/Crdt Bd ETF Overview
iShares Intermediate Govt/Crdt Bd ETF (GVI) is a passively managed Taxable Bond Short-Term Bond exchange-traded fund (ETF). iShares launched the ETF in 2007.
The investment seeks to track the investment results of the Bloomberg U.S. Intermediate Government/Credit Bond Index.
The fund will invest at least 80% of its assets in the component securities of the index, and it will invest at least 90% of its assets in fixed income securities of the types included in the index that the advisor believes will help the fund track the index. The index measures the performance of U.S. dollar-denominated U.S. Treasury bonds, government-related bonds and investment-grade U.S. corporate bonds that have a remaining maturity of greater than one year and less than ten years.
About iShares Intermediate Govt/Crdt Bd ETF (GVI)
There are 3 members of the management team with an average tenure of 5.70 years: James Mauro (2011), Jonathan Graves (2025) and Marcus Tom (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Universal TR USD index with a weighting of 100% and Bloomberg US Govt/Credit Interm TR USD index with a weighting of 100%. iShares Intermediate Govt/Crdt Bd ETF has 6120 securities in its portfolio. The top 10 holdings constitute 7.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Intermediate Govt/Crdt Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares Intermediate Govt/Crdt Bd ETF has 9.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.3% (90.2% domestic bond, 9.1% foreign bond and 0.0% convertible bond). iShares Intermediate Govt/Crdt Bd ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $3 billion average for the Short-Term Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GVI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Intermediate Govt/Crdt Bd ETF expense ratio is below average compared to funds in the Short-Term Bond category. iShares Intermediate Govt/Crdt Bd ETF has an expense ratio of 0.20%, which is 29% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Intermediate Govt/Crdt Bd ETF has a portfolio turnover rate of 21%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Short-Term Bond category.
Recently, in the month of July 2026, iShares Intermediate Govt/Crdt Bd ETF returned -0.4%, which earned it a grade of F, as the Short-Term Bond category had an average return of -0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Intermediate Govt/Crdt Bd ETF has a trailing yield of 3.65%, which is below the 4.54% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Intermediate Govt/Crdt Bd ETF Grades
Year to date, the ETF has returned -0.1%, 1.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.7% over the past year (grade of F), 4.3% over the past three years (grade of F) and 0.8% per year over the past five years (grade of F) and 1.7% per year over the past 10 years (grade of F).
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GVI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GVI Return (NAV) | -0.4% | -0.3% | 2.7% | 4.3% | 0.8% | 1.7% |
| GVI Return (Price) | -0.5% | -0.2% | 2.6% | 4.3% | 0.8% | 1.7% |
| NAV +/- Price Return | 0.010% | -0.014% | 0.053% | -0.030% | 0.001% | 0.010% |
| Short-Term Bond Avg | -0.1% | 0.3% | 3.6% | 5.2% | 2.3% | 2.5% |
| GVI Grade (NAV) | F | F | F | F | F | F |
| +/- Category (NAV) | -0.3% | -0.6% | -0.9% | -1.0% | -1.5% | -0.8% |
| GVI Tax-Cost Ratio | na | na | 1.5% | 1.4% | 1.1% | 1.0% |
GVI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GVI Return (NAV) | -0.1% | 6.7% | 2.9% | 5.1% | -8.5% | -1.7% | 6.2% | 6.6% | 0.7% | 2.0% | 1.9% |
| GVI Return (Price) | -0.1% | 6.7% | 2.9% | 5.1% | -8.3% | -1.9% | 6.4% | 6.5% | 0.8% | 1.8% | 2.0% |
| NAV +/- Price Ret | 0.625% | -0.006% | 0.007% | 0.000% | -0.020% | 0.143% | 0.025% | -1.5% | 9.3% | -6.2% | 4.3% |
| Short-Term Bond Avg | 1.0% | 6.3% | 5.1% | 6.0% | -5.3% | -0.4% | 4.4% | 5.6% | 1.2% | 1.7% | 2.4% |
| GVI Grade (NAV) | F | B | F | F | F | F | A | B | F | B | D |
| +/- Category | -1.1% | 0.4% | -2.2% | -0.8% | -3.1% | -1.2% | 1.9% | 1.1% | -0.5% | 0.2% | -0.5% |
| Risk Measures | |
| Beta: | 0.58 |
| R-Squared: | 95% |
| Standard Deviation: | 3.4% |
| Category Risk Index: | 1.46 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.28 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 3.7% |
| Total Assets: | $ 3,790 Mil |
| Share Class Assets: | $ 3,790 Mil |
| Turnover: | 21.0% |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Universal TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 15.1 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Mauro James (2011), Graves Jonathan (2025), Tom Marcus (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 6120 |
| % in Top 10 Holdings: | 7.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 9.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 90.2% |
| Foreign Bond: | 9.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | January 5, 2007 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.28% |
