GGOV vs. DGRO
GGOV (iShares Global Government Bond USD Hedged Active ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - GGOV is a Global Bonds fund managed by iShares, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. At a 0.08 correlation, their price movements are largely independent. GGOV charges 0.39%/yr vs 0.08%/yr for DGRO.
Performance
GGOV vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, GGOV achieves a 2.75% return, which is significantly lower than DGRO's 9.19% return.
GGOV
- 1D
- 0.02%
- 1M
- 0.60%
- YTD
- 2.75%
- 6M
- 2.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DGRO
- 1D
- 0.32%
- 1M
- 0.80%
- YTD
- 9.19%
- 6M
- 8.52%
- 1Y
- 22.22%
- 3Y*
- 16.92%
- 5Y*
- 11.00%
- 10Y*
- 13.62%
GGOV vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.75% | -2.80% |
DGRO iShares Core Dividend Growth ETF | 9.19% | 11.50% |
Correlation
The correlation between GGOV and DGRO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.08 |
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Return for Risk
GGOV vs. DGRO — Risk / Return Rank
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DGRO
GGOV vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond USD Hedged Active ETF (GGOV) and iShares Core Dividend Growth ETF (DGRO). 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 | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.45 | — |
| Martin ratioReturn relative to average drawdown | — | 13.31 | — |
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Drawdowns
GGOV vs. DGRO - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for GGOV and DGRO.
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Drawdown Indicators
| GGOV | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -35.10% | +30.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.90% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -3.43% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.67% | — |
Volatility
GGOV vs. DGRO - Volatility Comparison
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Volatility by Period
| GGOV | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 9.53% | -4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 13.80% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 16.60% | -11.32% |
GGOV vs. DGRO - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
GGOV vs. DGRO - Dividend Comparison
GGOV has not paid dividends to shareholders, while DGRO's dividend yield for the trailing twelve months is around 1.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.97% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
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% | 0.00% |
Frequently Asked Questions
GGOV and DGRO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.39% for GGOV.
DGRO has the higher dividend yield at 1.97%, compared with 0.00% for GGOV.
GGOV is categorized as Global Bonds, while DGRO is Large Cap Growth Equities. Their fees differ too: 0.39% for GGOV and 0.08% for DGRO.
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