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. Over the past year, BBLB returned 2.86% vs 0.35% for GGOV. A 0.62 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 -1.35% return, which is significantly lower than GGOV's 2.61% return.
BBLB
- 1D
- 0.17%
- 1M
- -1.44%
- 6M
- -1.94%
- YTD
- -1.35%
- 1Y
- 2.86%
- 3Y*
- -1.91%
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- 0.24%
- 1M
- 0.14%
- 6M
- 3.07%
- YTD
- 2.61%
- 1Y
- 0.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBLB vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -1.35% | 2.51% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
Correlation
The correlation between BBLB and GGOV is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.62 |
The correlation between BBLB and GGOV has been stable across timeframes, ranging from 0.62 to 0.62 - a consistent structural relationship.
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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.
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.
| BBLB | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.02 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.08 | +0.31 |
| Martin ratioReturn relative to average drawdown | 0.89 | 0.17 | +0.72 |
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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% | -4.69% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -18.68% | — | — |
Current DrawdownCurrent decline from peak | -9.84% | -1.20% | -8.64% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -1.54% | -7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.12% | +1.11% |
Volatility
BBLB vs. GGOV - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.55% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.88%. This indicates that BBLB's price experiences larger fluctuations and is considered to be riskier than GGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBLB | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 0.88% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 3.62% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.37% | 5.28% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 5.19% | +8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 5.19% | +8.50% |
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 5.05%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 5.05% | 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 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBLB has higher volatility (2.55%) compared to GGOV (0.88%). In terms of maximum drawdown, BBLB dropped -21.06% vs GGOV's -4.69%.
On 1-year performance, BBLB leads with 2.86% vs 0.35% for GGOV. On fees, BBLB is cheaper at 0.04% per year. On volatility, GGOV has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBLB has performed better with a 2.86% return vs 0.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBLB is cheaper with a 0.04% expense ratio, compared with 0.39% for GGOV.
BBLB has the higher dividend yield at 5.05%, 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.
BBLB currently has the higher Sharpe Ratio (0.31 vs 0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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