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 actively managed by iShares. BBLB is passively managed, while GGOV is actively managed. Over the past year, BBLB returned -1.51% vs 0.23% for GGOV. Their 0.61 correlation means they have sometimes moved together and sometimes differently. 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 -2.53% return, which is significantly lower than GGOV's 3.08% return.
BBLB
- 1D
- 0.72%
- 1M
- -2.86%
- 6M
- -2.32%
- YTD
- -2.53%
- 1Y
- -1.51%
- 3Y*
- -0.80%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.81%
GGOV
- 1D
- 0.46%
- 1M
- 0.36%
- 6M
- 3.80%
- YTD
- 3.08%
- 1Y
- 0.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $43.45K | $41.67K | $60.66K | |
| $51.29M | $62.99M | $79.71M |
BBLB vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -2.53% | 2.51% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 3.08% | -2.80% |
Correlation
The correlation between BBLB and GGOV is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
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 0.61 to 0.61 - 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 | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.01 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.05 | -0.24 |
| Martin ratioReturn relative to average drawdown | -0.42 | 0.11 | -0.53 |
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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 | -7.76% | -4.69% | -3.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | — | — |
Current DrawdownCurrent decline from peak | -10.92% | -0.75% | -10.17% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -1.53% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.15% | +1.43% |
Volatility
BBLB vs. GGOV - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a higher volatility of 2.67% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.91%. 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 | 2.67% | 0.91% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 3.60% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.26% | 5.23% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 5.09% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 5.09% | +8.53% |
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 4.99%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.99% | 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.
BBLB has higher volatility (2.67%) compared to GGOV (0.91%). In terms of maximum drawdown, BBLB dropped -21.06% vs GGOV's -4.69%.
On 1-year performance, GGOV leads with 0.23% vs -1.51% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, GGOV has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GGOV has performed better with a 0.23% return vs -1.51%. 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 4.99%, 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.
GGOV currently has the higher Sharpe Ratio (0.04 vs -0.16), 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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