GGOV.L vs. 0GGH.L
GGOV.L (Amundi Index J.P. Morgan GBI Global Govies) and 0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) are both Global Bonds funds - GGOV.L tracks the Bloomberg Global Aggregate TR USD while 0GGH.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, GGOV.L returned -3.18%/yr vs -1.75%/yr for 0GGH.L. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
GGOV.L vs. 0GGH.L - Performance Comparison
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Different Trading Currencies
GGOV.L is traded in GBp, while 0GGH.L is traded in EUR. To make them comparable, the 0GGH.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GGOV.L achieves a -1.84% return, which is significantly higher than 0GGH.L's -2.92% return.
GGOV.L
- 1D
- -0.12%
- 1M
- -1.86%
- 6M
- -1.39%
- YTD
- -1.84%
- 1Y
- -1.37%
- 3Y*
- -0.65%
- 5Y*
- -3.18%
- 10Y*
- —
- ALL TIME*
- -2.68%
0GGH.L
- 1D
- -0.06%
- 1M
- -1.84%
- 6M
- -2.56%
- YTD
- -2.92%
- 1Y
- -1.61%
- 3Y*
- 1.51%
- 5Y*
- -1.75%
- 10Y*
- —
- ALL TIME*
- -0.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £4.05M | £4.24M | £3.21M | |
| £875.53 | £7.65K | £5.65K |
GGOV.L vs. 0GGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGOV.L Amundi Index J.P. Morgan GBI Global Govies | -1.84% | -1.23% | -1.81% | -1.94% | -7.40% | -5.52% | 5.72% | 2.06% | 4.53% | -0.51% |
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | -2.92% | 7.99% | -3.15% | 2.27% | -8.58% | -9.33% | 9.94% | -0.40% | -0.26% | -0.56% |
Correlation
The correlation between GGOV.L and 0GGH.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2017 | 0.54 |
The correlation between GGOV.L and 0GGH.L has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
GGOV.L vs. 0GGH.L — Risk / Return Rank
GGOV.L
0GGH.L
GGOV.L vs. 0GGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L). 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.
| GGOV.L | 0GGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.95 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | -0.31 | +0.14 |
| Martin ratioReturn relative to average drawdown | -0.30 | -0.75 | +0.44 |
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Drawdowns
GGOV.L vs. 0GGH.L - Drawdown Comparison
The maximum GGOV.L drawdown since its inception was -25.96%, which is greater than 0GGH.L's maximum drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for GGOV.L and 0GGH.L.
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Drawdown Indicators
| GGOV.L | 0GGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.96% | -22.95% | -3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -5.11% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -24.53% | -5.11% | -19.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -22.95% | -1.58% |
Current DrawdownCurrent decline from peak | -25.50% | -16.32% | -9.18% |
Average DrawdownAverage peak-to-trough decline | -16.44% | -11.93% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.15% | +0.63% |
Volatility
GGOV.L vs. 0GGH.L - Volatility Comparison
Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) have volatilities of 1.47% and 1.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGOV.L | 0GGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.44% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.77% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 5.04% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.45% | 24.41% | -4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 21.52% | -5.93% |
GGOV.L vs. 0GGH.L - Expense Ratio Comparison
Both GGOV.L and 0GGH.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GGOV.L vs. 0GGH.L - Dividend Comparison
Neither GGOV.L nor 0GGH.L has paid dividends to shareholders.
Frequently Asked Questions
GGOV.L and 0GGH.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GGOV.L and 0GGH.L have the same expense ratio: 0.10% per year.
GGOV.L tracks Bloomberg Global Aggregate TR USD, while 0GGH.L tracks Bloomberg Global Aggregate Bond Index. They also come from different issuers: Amundi and iShares.
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