GBIL vs. IAGG
GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) and IAGG (iShares Core International Aggregate Bond ETF) are both exchange-traded funds - GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index, while IAGG is a Global Bonds fund tracking the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. Both are passively managed. Over the past 5 years, GBIL returned 3.33%/yr vs 1.05%/yr for IAGG. At a 0.14 correlation, their price movements are largely independent. GBIL charges 0.12%/yr vs 0.07%/yr for IAGG.
Performance
GBIL vs. IAGG - Performance Comparison
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Returns By Period
In the year-to-date period, GBIL achieves a 1.47% return, which is significantly higher than IAGG's 0.72% return.
GBIL
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 1.47%
- 6M
- 1.74%
- 1Y
- 3.90%
- 3Y*
- 4.62%
- 5Y*
- 3.33%
- 10Y*
- —
IAGG
- 1D
- -0.14%
- 1M
- -0.18%
- YTD
- 0.72%
- 6M
- 0.87%
- 1Y
- 2.26%
- 3Y*
- 4.55%
- 5Y*
- 1.05%
- 10Y*
- 2.12%
GBIL vs. IAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 1.47% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 1.78% | 0.69% |
IAGG iShares Core International Aggregate Bond ETF | 0.72% | 3.26% | 4.51% | 8.49% | -10.86% | -1.87% | 4.63% | 7.99% | 3.38% | 2.09% |
Correlation
The correlation between GBIL and IAGG is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2016 | 0.14 |
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Return for Risk
GBIL vs. IAGG — Risk / Return Rank
GBIL
IAGG
GBIL vs. IAGG - 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 Core International Aggregate Bond ETF (IAGG). 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 | IAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.26 | ||
| Sortino ratioReturn per unit of downside risk | +105.34 | ||
| Omega ratioGain probability vs. loss probability | 43.59 | 1.14 | +42.45 |
| Calmar ratioReturn relative to maximum drawdown | 195.91 | 0.98 | +194.93 |
| Martin ratioReturn relative to average drawdown | 1,660.91 | 2.91 | +1,658.01 |
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
| GBIL | IAGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 17.06 | 0.80 | +16.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.79 | 0.23 | +5.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.88 | 0.61 | +4.27 |
Drawdowns
GBIL vs. IAGG - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum IAGG drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for GBIL and IAGG.
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Drawdown Indicators
| GBIL | IAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -13.88% | +13.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -2.32% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -2.32% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -13.57% | +12.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.88% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.18% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -2.84% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.78% | -0.78% |
Volatility
GBIL vs. IAGG - Volatility Comparison
The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.04%, while iShares Core International Aggregate Bond ETF (IAGG) has a volatility of 1.09%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBIL | IAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.09% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 2.41% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 2.84% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 4.51% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.47% | 4.05% | -3.58% |
GBIL vs. IAGG - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is higher than IAGG's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBIL vs. IAGG - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 3.74%, more than IAGG's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IAGG iShares Core International Aggregate Bond ETF | 3.67% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
GBIL and IAGG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAGG has higher volatility (1.09%) compared to GBIL (0.04%). In terms of maximum drawdown, GBIL dropped -0.76% vs IAGG's -13.88%.
On 5-year performance, GBIL leads with 3.33% vs 1.05% for IAGG. On fees, IAGG is cheaper at 0.07% per year. On volatility, GBIL has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GBIL has performed better with a 3.33% return vs 1.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAGG is cheaper with a 0.07% expense ratio, compared with 0.12% for GBIL.
GBIL has the higher dividend yield at 3.74%, compared with 3.67% for IAGG.
GBIL is categorized as Government Bonds, while IAGG is Global Bonds. GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index, while IAGG tracks Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.12% for GBIL and 0.07% for IAGG.
GBIL currently has the higher Sharpe Ratio (17.06 vs 0.80), 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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