BBLB vs. GGOV
BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while GGOV is a Global Bonds fund managed by iShares. A 0.61 correlation means they provide meaningful diversification when combined. BBLB charges 0.04%/yr vs 0.39%/yr for GGOV.
Performance
BBLB vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BBLB achieves a -0.36% return, which is significantly lower than GGOV's 2.30% return.
BBLB
- 1D
- -0.40%
- 1M
- 0.77%
- YTD
- -0.36%
- 6M
- -1.96%
- 1Y
- 5.09%
- 3Y*
- -1.70%
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBLB vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -0.36% | 1.97% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between BBLB and GGOV is 0.61, 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 27, 2025 | 0.61 |
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Return for Risk
BBLB vs. GGOV — Risk / Return Rank
BBLB
GGOV
BBLB vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) 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.
| BBLB | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | — | — |
| Martin ratioReturn relative to average drawdown | 1.70 | — | — |
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
| BBLB | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | -0.11 | -0.06 |
Drawdowns
BBLB vs. GGOV - Drawdown Comparison
The maximum BBLB drawdown since its inception was -21.06%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for BBLB and GGOV.
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Drawdown Indicators
| BBLB | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -4.69% | -16.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.95% | — | — |
Current DrawdownCurrent decline from peak | -8.93% | -1.50% | -7.43% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -1.59% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | — | — |
Volatility
BBLB vs. GGOV - Volatility Comparison
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Volatility by Period
| BBLB | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 5.38% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 5.38% | +8.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.83% | 5.38% | +8.45% |
BBLB vs. GGOV - Expense Ratio Comparison
BBLB has a 0.04% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
BBLB vs. GGOV - Dividend Comparison
BBLB's dividend yield for the trailing twelve months is around 5.00%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 5.00% | 5.03% | 5.34% | 2.82% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBLB and GGOV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBLB is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBLB is cheaper with a 0.04% expense ratio, compared with 0.39% for GGOV.
BBLB has the higher dividend yield at 5.00%, compared with 0.00% for GGOV.
BBLB is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.04% for BBLB and 0.39% for GGOV.
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