GBIL vs. GGOV
GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index, while GGOV is a Global Bonds fund managed by iShares. At a 0.13 correlation, their price movements are largely independent. GBIL charges 0.12%/yr vs 0.39%/yr for GGOV.
Performance
GBIL vs. GGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GBIL achieves a 1.42% return, which is significantly lower than GGOV's 2.30% return.
GBIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.42%
- 6M
- 1.73%
- 1Y
- 3.91%
- 3Y*
- 4.64%
- 5Y*
- 3.32%
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GBIL vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 1.42% | 2.17% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between GBIL and GGOV is 0.13, 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 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GBIL vs. GGOV — Risk / Return Rank
GBIL
GGOV
GBIL vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) 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.
| GBIL | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 39.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 196.43 | — | — |
| Martin ratioReturn relative to average drawdown | 1,608.66 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GBIL | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 16.89 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.87 | -0.11 | +4.98 |
Drawdowns
GBIL vs. GGOV - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for GBIL and GGOV.
Loading charts...
Drawdown Indicators
| GBIL | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -4.69% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.50% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -1.59% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | — | — |
Volatility
GBIL vs. GGOV - Volatility Comparison
Loading charts...
Volatility by Period
| GBIL | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 5.38% | -5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 5.38% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.47% | 5.38% | -4.91% |
GBIL vs. GGOV - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
GBIL vs. GGOV - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 3.74%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.74% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
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% |
Frequently Asked Questions
GBIL and GGOV have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBIL is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBIL is cheaper with a 0.12% expense ratio, compared with 0.39% for GGOV.
GBIL has the higher dividend yield at 3.74%, compared with 0.00% for GGOV.
GBIL is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.12% for GBIL and 0.39% for GGOV.
Find the right allocation for GBIL and GGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer