AVGB vs. GGOV

Last updated Jun 26, 2026

AVGB (Avantis Credit ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both Global Bonds funds. Over the past year, AVGB returned 4.43% vs 0.04% for GGOV. A 0.51 correlation means they provide meaningful diversification when combined. AVGB charges 0.19%/yr vs 0.39%/yr for GGOV.

Performance

AVGB vs. GGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Credit ETF (AVGB) and iShares Global Government Bond USD Hedged Active ETF (GGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGB achieves a 1.26% return, which is significantly lower than GGOV's 2.92% return.

AVGB

• 1D: 0.02%
• 1M: 0.62%
• YTD: 1.26%
• 6M: 1.31%
• 1Y: 4.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGOV

• 1D: 0.07%
• 1M: 0.58%
• YTD: 2.92%
• 6M: 2.69%
• 1Y: 0.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGB vs. GGOV - Yearly Performance Comparison

	2026 (YTD)	2025
AVGB Avantis Credit ETF	1.26%	3.12%
GGOV iShares Global Government Bond USD Hedged Active ETF	2.92%	-2.80%

Correlation

The correlation between AVGB and GGOV is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.51

Return for Risk

AVGB vs. GGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVGB

AVGB Risk / Return Rank: 57
AVGB Sharpe Ratio Rank: 60
AVGB Sortino Ratio Rank: 65
AVGB Omega Ratio Rank: 62
AVGB Calmar Ratio Rank: 47
AVGB Martin Ratio Rank: 51

GGOV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVGB vs. GGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Credit ETF (AVGB) and iShares Global Government Bond USD Hedged Active ETF (GGOV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVGB	GGOV	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.64	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.10	—	—
Martin ratio: Return relative to average drawdown	7.71	—	—

Drawdowns

AVGB vs. GGOV - Drawdown Comparison

The maximum AVGB drawdown since its inception was -2.12%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for AVGB and GGOV.

Drawdown Indicators

	AVGB	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-2.12%	-4.69%	+2.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.12%	-4.69%	+2.57%
Current Drawdown Current decline from peak	0.00%	-0.91%	+0.91%
Average Drawdown Average peak-to-trough decline	-0.33%	-1.56%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	—	—

Volatility

Volatility by Period

	AVGB	GGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	5.26%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.51%	5.26%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.51%	5.26%	-2.75%

AVGB vs. GGOV - Expense Ratio Comparison

AVGB has a 0.19% expense ratio, which is lower than GGOV's 0.39% expense ratio.

Dividends

AVGB vs. GGOV - Dividend Comparison

AVGB's dividend yield for the trailing twelve months is around 3.23%, while GGOV has not paid dividends to shareholders.

Position	TTM	2025
AVGB Avantis Credit ETF	3.23%	3.49%
GGOV iShares Global Government Bond USD Hedged Active ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGB and GGOV in my portfolio?

AVGB and GGOV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGB or GGOV?

On 1-year performance, AVGB leads with 4.43% vs 0.04% for GGOV. On fees, AVGB is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGB or GGOV?

Over the 1-year period, AVGB has performed better with a 4.43% return vs 0.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGB or GGOV?

AVGB is cheaper with a 0.19% expense ratio, compared with 0.39% for GGOV.

Which ETF pays a higher dividend yield, AVGB or GGOV?

AVGB has the higher dividend yield at 3.23%, compared with 0.00% for GGOV.

What is the main difference between AVGB and GGOV?

They also come from different issuers: Avantis and iShares. Their fees differ too: 0.19% for AVGB and 0.39% for GGOV.