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 actively managed by iShares. EDV is passively managed, while GGOV is actively managed. Over the past year, EDV returned -5.56% vs -0.42% for GGOV. Their 0.59 correlation means they have sometimes moved together and sometimes differently. 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 -5.76% return, which is significantly lower than GGOV's 2.61% return.
EDV
- 1D
- 0.47%
- 1M
- -5.91%
- 6M
- -5.09%
- YTD
- -5.76%
- 1Y
- -5.56%
- 3Y*
- -4.58%
- 5Y*
- -12.82%
- 10Y*
- -4.40%
- ALL TIME*
- 2.37%
GGOV
- 1D
- 0.12%
- 1M
- -0.10%
- 6M
- 3.17%
- YTD
- 2.61%
- 1Y
- -0.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $91.73M | $72.86M | $67.75M | |
| $49.16M | $62.50M | $78.51M |
EDV vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -5.76% | 1.48% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
Correlation
The correlation between EDV and GGOV is 0.58, 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. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.59 |
The correlation between EDV and GGOV has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.
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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.
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.
| EDV | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.99 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.09 | -0.33 |
| Martin ratioReturn relative to average drawdown | -0.87 | -0.19 | -0.68 |
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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 | -13.24% | -4.69% | -8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -22.74% | — | — |
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 | -56.76% | -1.20% | -55.56% |
Average DrawdownAverage peak-to-trough decline | -23.70% | -1.54% | -22.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 2.15% | +4.24% |
Volatility
EDV vs. GGOV - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 3.91% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.78%. This indicates that EDV'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
| EDV | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 0.78% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 3.57% | +6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 5.22% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 5.08% | +16.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 5.08% | +14.66% |
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 5.42%, 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 | 5.42% | 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 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (3.91%) compared to GGOV (0.78%). In terms of maximum drawdown, EDV dropped -59.96% vs GGOV's -4.69%.
On 1-year performance, GGOV leads with -0.42% vs -5.56% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, GGOV has been the lower-risk option at 0.78%. 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 -0.42% return vs -5.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
EDV has the higher dividend yield at 5.42%, 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.
GGOV currently has the higher Sharpe Ratio (-0.08 vs -0.40), 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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