CGIB vs. GGOV
CGIB (Capital Group International Bond ETF (USD-Hedged)) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both Global Bonds funds. At a 0.38 correlation, their price movements are largely independent. CGIB charges 0.45%/yr vs 0.39%/yr for GGOV.
Performance
CGIB vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, CGIB achieves a 0.38% return, which is significantly lower than GGOV's 2.30% return.
CGIB
- 1D
- -0.28%
- 1M
- 0.70%
- YTD
- 0.38%
- 6M
- 0.01%
- 1Y
- 2.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGIB vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CGIB Capital Group International Bond ETF (USD-Hedged) | 0.38% | 1.57% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between CGIB and GGOV is 0.38, 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 | 0.38 |
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Return for Risk
CGIB vs. GGOV — Risk / Return Rank
CGIB
GGOV
CGIB vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group International Bond ETF (USD-Hedged) (CGIB) 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.
| CGIB | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | — | — |
| Martin ratioReturn relative to average drawdown | 2.59 | — | — |
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
| CGIB | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | -0.11 | +1.18 |
Drawdowns
CGIB vs. GGOV - Drawdown Comparison
The maximum CGIB drawdown since its inception was -2.68%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for CGIB and GGOV.
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Drawdown Indicators
| CGIB | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -4.69% | +2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -1.50% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -1.59% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | — | — |
Volatility
CGIB vs. GGOV - Volatility Comparison
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Volatility by Period
| CGIB | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 5.38% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.76% | 5.38% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 5.38% | -1.62% |
CGIB vs. GGOV - Expense Ratio Comparison
CGIB has a 0.45% expense ratio, which is higher than GGOV's 0.39% expense ratio.
Dividends
CGIB vs. GGOV - Dividend Comparison
CGIB's dividend yield for the trailing twelve months is around 4.26%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CGIB Capital Group International Bond ETF (USD-Hedged) | 4.26% | 4.26% | 1.65% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGIB and GGOV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GGOV is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GGOV is cheaper with a 0.39% expense ratio, compared with 0.45% for CGIB.
CGIB has the higher dividend yield at 4.26%, compared with 0.00% for GGOV.
They also come from different issuers: Capital Group and iShares. Their fees differ too: 0.45% for CGIB and 0.39% for GGOV.
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