GGOV.L vs. FGOV.L
Compare and contrast key facts about Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L).
GGOV.L and FGOV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGOV.L is a passively managed fund by Amundi that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Nov 14, 2016. FGOV.L is a passively managed fund by First Trust that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Oct 1, 2020. Both GGOV.L and FGOV.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GGOV.L vs. FGOV.L - Performance Comparison
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GGOV.L vs. FGOV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GGOV.L Amundi Index J.P. Morgan GBI Global Govies | 0.06% | -1.06% | -1.97% | -1.94% | -7.40% | -5.91% | -2.53% |
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 0.05% | 5.31% | 3.51% | 6.01% | -7.49% | -6.11% | 0.70% |
Returns By Period
In the year-to-date period, GGOV.L achieves a 0.06% return, which is significantly higher than FGOV.L's 0.05% return.
GGOV.L
- 1D
- -0.38%
- 1M
- -1.43%
- YTD
- 0.06%
- 6M
- -0.29%
- 1Y
- 0.17%
- 3Y*
- -1.67%
- 5Y*
- -2.28%
- 10Y*
- —
FGOV.L
- 1D
- 0.15%
- 1M
- -1.33%
- YTD
- 0.05%
- 6M
- 0.76%
- 1Y
- 4.39%
- 3Y*
- 4.28%
- 5Y*
- 0.67%
- 10Y*
- —
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GGOV.L vs. FGOV.L - Expense Ratio Comparison
GGOV.L has a 0.10% expense ratio, which is lower than FGOV.L's 0.45% expense ratio.
Return for Risk
GGOV.L vs. FGOV.L — Risk / Return Rank
GGOV.L
FGOV.L
GGOV.L vs. FGOV.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 First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.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.
| GGOV.L | FGOV.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 2.58 | -2.55 |
Sortino ratioReturn per unit of downside risk | 0.09 | 3.66 | -3.57 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.56 | -0.55 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.43 | -2.94 |
Martin ratioReturn relative to average drawdown | -0.82 | 10.76 | -11.57 |
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
| GGOV.L | FGOV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 2.58 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.20 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.06 | -0.56 |
Correlation
The correlation between GGOV.L and FGOV.L is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GGOV.L vs. FGOV.L - Dividend Comparison
GGOV.L has not paid dividends to shareholders, while FGOV.L's dividend yield for the trailing twelve months is around 3.11%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GGOV.L Amundi Index J.P. Morgan GBI Global Govies | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 3.11% | 2.82% | 2.27% | 1.86% | 1.01% | 1.20% |
Drawdowns
GGOV.L vs. FGOV.L - Drawdown Comparison
The maximum GGOV.L drawdown since its inception was -25.96%, which is greater than FGOV.L's maximum drawdown of -14.18%. Use the drawdown chart below to compare losses from any high point for GGOV.L and FGOV.L.
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Drawdown Indicators
| GGOV.L | FGOV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.96% | -14.18% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.59% | -1.74% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -11.99% | -4.69% |
Current DrawdownCurrent decline from peak | -24.05% | -1.40% | -22.65% |
Average DrawdownAverage peak-to-trough decline | -18.20% | -6.21% | -11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 0.39% | +2.74% |
Volatility
GGOV.L vs. FGOV.L - Volatility Comparison
Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) has a higher volatility of 1.63% compared to First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) at 0.83%. This indicates that GGOV.L's price experiences larger fluctuations and is considered to be riskier than FGOV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGOV.L | FGOV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 0.83% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 1.13% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 1.70% | +3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 3.28% | +5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.32% | 3.19% | +6.13% |