BNDX vs. GGOV
BNDX (Vanguard Total International Bond ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both Global Bonds funds. A 0.53 correlation means they provide meaningful diversification when combined. BNDX charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
BNDX vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BNDX achieves a 0.64% return, which is significantly lower than GGOV's 2.16% return.
BNDX
- 1D
- 0.10%
- 1M
- 0.63%
- YTD
- 0.64%
- 6M
- 0.44%
- 1Y
- 1.86%
- 3Y*
- 4.14%
- 5Y*
- 0.35%
- 10Y*
- 1.71%
GGOV
- 1D
- -0.14%
- 1M
- -0.11%
- YTD
- 2.16%
- 6M
- -1.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDX vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDX Vanguard Total International Bond ETF | 0.64% | 0.91% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.16% | -2.81% |
Correlation
The correlation between BNDX and GGOV is 0.53, 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 | 0.53 |
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Return for Risk
BNDX vs. GGOV — Risk / Return Rank
BNDX
GGOV
BNDX vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond ETF (BNDX) 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.
| BNDX | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | — | — |
| Martin ratioReturn relative to average drawdown | 1.82 | — | — |
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
| BNDX | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | -0.14 | +0.75 |
Drawdowns
BNDX vs. GGOV - Drawdown Comparison
The maximum BNDX drawdown since its inception was -16.23%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for BNDX and GGOV.
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Drawdown Indicators
| BNDX | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -4.69% | -11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.23% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -1.64% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -1.59% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | — | — |
Volatility
BNDX vs. GGOV - Volatility Comparison
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Volatility by Period
| BNDX | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 5.37% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 5.37% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 5.37% | -1.28% |
BNDX vs. GGOV - Expense Ratio Comparison
BNDX has a 0.07% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
BNDX vs. GGOV - Dividend Comparison
BNDX's dividend yield for the trailing twelve months is around 4.49%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDX Vanguard Total International Bond ETF | 4.49% | 4.39% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNDX and GGOV have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDX is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDX is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
BNDX has the higher dividend yield at 4.49%, compared with 0.00% for GGOV.
They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for BNDX and 0.39% for GGOV.
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