AVGB vs. GGOV
AVGB (Avantis Credit ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both Global Bonds funds. At a 0.50 correlation, their price movements are largely independent. AVGB charges 0.19%/yr vs 0.39%/yr for GGOV.
Performance
AVGB vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, AVGB achieves a 0.84% return, which is significantly lower than GGOV's 2.16% return.
AVGB
- 1D
- 0.13%
- 1M
- 0.63%
- YTD
- 0.84%
- 6M
- 1.06%
- 1Y
- 4.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.14%
- 1M
- -0.11%
- YTD
- 2.16%
- 6M
- -1.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGB vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGB Avantis Credit ETF | 0.84% | 2.96% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.16% | -2.81% |
Correlation
The correlation between AVGB and GGOV is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.50 |
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Return for Risk
AVGB vs. GGOV — Risk / Return Rank
AVGB
GGOV
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.
| AVGB | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | — | — |
| Martin ratioReturn relative to average drawdown | 7.95 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVGB | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.06 | -0.14 | +2.20 |
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.
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Drawdown Indicators
| AVGB | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.12% | -4.69% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.64% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -1.59% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | — | — |
Volatility
AVGB vs. GGOV - Volatility Comparison
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Volatility by Period
| AVGB | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 5.37% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.48% | 5.37% | -2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.48% | 5.37% | -2.89% |
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 3.46%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AVGB Avantis Credit ETF | 3.46% | 3.49% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% |
Frequently Asked Questions
AVGB and GGOV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AVGB is cheaper with a 0.19% expense ratio, compared with 0.39% for GGOV.
AVGB has the higher dividend yield at 3.46%, compared with 0.00% for GGOV.
They also come from different issuers: Avantis and iShares. Their fees differ too: 0.19% for AVGB and 0.39% for GGOV.
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