EDV vs. GGOV
EDV (Vanguard Extended Duration Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while GGOV is a Global Bonds fund managed by iShares. A 0.59 correlation means they provide meaningful diversification when combined. EDV charges 0.05%/yr vs 0.39%/yr for GGOV.
Performance
EDV vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -0.72% return, which is significantly lower than GGOV's 2.30% return.
EDV
- 1D
- -0.48%
- 1M
- 1.42%
- YTD
- -0.72%
- 6M
- -3.69%
- 1Y
- 4.85%
- 3Y*
- -5.25%
- 5Y*
- -10.02%
- 10Y*
- -3.32%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EDV vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -0.72% | 0.76% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between EDV and GGOV is 0.59, 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 | 0.59 |
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Return for Risk
EDV vs. GGOV — Risk / Return Rank
EDV
GGOV
EDV vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) 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.
| EDV | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.06 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | — | — |
| Martin ratioReturn relative to average drawdown | 0.90 | — | — |
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
| EDV | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.11 | +0.23 |
Drawdowns
EDV vs. GGOV - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for EDV and GGOV.
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Drawdown Indicators
| EDV | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -4.69% | -55.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | — | — |
Current DrawdownCurrent decline from peak | -54.45% | -1.50% | -52.95% |
Average DrawdownAverage peak-to-trough decline | -23.43% | -1.59% | -21.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | — | — |
Volatility
EDV vs. GGOV - Volatility Comparison
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Volatility by Period
| EDV | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 5.38% | +9.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 5.38% | +16.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 5.38% | +14.43% |
EDV vs. GGOV - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
EDV vs. GGOV - Dividend Comparison
EDV'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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.99% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
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
EDV and GGOV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDV is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
EDV has the higher dividend yield at 4.99%, compared with 0.00% for GGOV.
EDV is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for EDV and 0.39% for GGOV.
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