GGOV.L vs. IDTL.L

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and iShares Treasury Bond 20+ UCITS (IDTL.L).

GGOV.L and IDTL.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. IDTL.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jan 20, 2015. Both GGOV.L and IDTL.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. IDTL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and iShares Treasury Bond 20+ UCITS (IDTL.L). The values are adjusted to include any dividend payments, if applicable.

GGOV.L vs. IDTL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GGOV.L Amundi Index J.P. Morgan GBI Global Govies	0.06%	-1.06%	-1.97%	-1.94%	-7.40%	-5.91%	6.13%	-8.77%
IDTL.L iShares Treasury Bond 20+ UCITS	0.90%	-2.79%	-5.56%	-2.89%	-22.14%	-3.81%	13.67%	-9.20%

Different Trading Currencies

GGOV.L is traded in GBp, while IDTL.L is traded in USD. To make them comparable, the IDTL.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 0.06% return, which is significantly lower than IDTL.L's 0.90% 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*: —

IDTL.L

• 1D: 0.06%
• 1M: -1.75%
• YTD: 0.90%
• 6M: 1.16%
• 1Y: -3.42%
• 3Y*: -4.63%
• 5Y*: -4.82%
• 10Y*: -0.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GGOV.L vs. IDTL.L - Expense Ratio Comparison

GGOV.L has a 0.10% expense ratio, which is higher than IDTL.L'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%.

GGOV.L

Amundi Index J.P. Morgan GBI Global Govies

IDTL.L

iShares Treasury Bond 20+ UCITS

Return for Risk

GGOV.L vs. IDTL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGOV.L

GGOV.L Risk / Return Rank: 9
GGOV.L Sharpe Ratio Rank: 12
GGOV.L Sortino Ratio Rank: 11
GGOV.L Omega Ratio Rank: 11
GGOV.L Calmar Ratio Rank: 4
GGOV.L Martin Ratio Rank: 5

IDTL.L

IDTL.L Risk / Return Rank: 10
IDTL.L Sharpe Ratio Rank: 10
IDTL.L Sortino Ratio Rank: 9
IDTL.L Omega Ratio Rank: 9
IDTL.L Calmar Ratio Rank: 11
IDTL.L Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGOV.L vs. IDTL.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 Treasury Bond 20+ UCITS (IDTL.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	IDTL.L	Difference
Sharpe ratio Return per unit of total volatility	0.03	-0.27	+0.30
Sortino ratio Return per unit of downside risk	0.09	-0.28	+0.37
Omega ratio Gain probability vs. loss probability	1.01	0.97	+0.04
Calmar ratio Return relative to maximum drawdown	-0.51	-0.18	-0.34
Martin ratio Return relative to average drawdown	-0.82	-0.29	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGOV.L vs. IDTL.L - Sharpe Ratio Comparison

The current GGOV.L Sharpe Ratio is 0.03, which is higher than the IDTL.L Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of GGOV.L and IDTL.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GGOV.L	IDTL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	-0.27	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	-0.30	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.50	0.00	-0.50

Correlation

The correlation between GGOV.L and IDTL.L is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GGOV.L vs. IDTL.L - Dividend Comparison

GGOV.L has not paid dividends to shareholders, while IDTL.L's dividend yield for the trailing twelve months is around 4.35%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGOV.L Amundi Index J.P. Morgan GBI Global Govies	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDTL.L iShares Treasury Bond 20+ UCITS	4.35%	4.31%	4.65%	3.79%	3.01%	1.74%	1.76%	2.49%	2.79%	2.60%	2.63%	2.14%

Drawdowns

GGOV.L vs. IDTL.L - Drawdown Comparison

The maximum GGOV.L drawdown since its inception was -25.96%, smaller than the maximum IDTL.L drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for GGOV.L and IDTL.L.

Drawdown Indicators

	GGOV.L	IDTL.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.96%	-48.31%	+22.35%
Max Drawdown (1Y) Largest decline over 1 year	-4.59%	-9.78%	+5.19%
Max Drawdown (5Y) Largest decline over 5 years	-16.68%	-42.95%	+26.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.31%	—
Current Drawdown Current decline from peak	-24.05%	-40.12%	+16.07%
Average Drawdown Average peak-to-trough decline	-18.20%	-20.11%	+1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	4.96%	-1.83%

Volatility

GGOV.L vs. IDTL.L - Volatility Comparison

The current volatility for Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) is 1.63%, while iShares Treasury Bond 20+ UCITS (IDTL.L) has a volatility of 3.32%. This indicates that GGOV.L experiences smaller price fluctuations and is considered to be less risky than IDTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGOV.L	IDTL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.63%	3.32%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	3.53%	7.53%	-4.00%
Volatility (1Y) Calculated over the trailing 1-year period	5.42%	12.81%	-7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.31%	15.88%	-7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.32%	16.93%	-7.61%