GGOV vs. GBIL

Last updated Jun 24, 2026

GGOV (iShares Global Government Bond USD Hedged Active ETF) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - GGOV is a Global Bonds fund managed by iShares, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. At a 0.12 correlation, their price movements are largely independent. GGOV charges 0.39%/yr vs 0.12%/yr for GBIL.

Performance

GGOV vs. GBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Government Bond USD Hedged Active ETF (GGOV) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGOV achieves a 2.75% return, which is significantly higher than GBIL's 1.57% return.

GGOV

• 1D: 0.02%
• 1M: 0.60%
• YTD: 2.75%
• 6M: 2.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GBIL

• 1D: 0.01%
• 1M: 0.25%
• YTD: 1.57%
• 6M: 1.66%
• 1Y: 3.81%
• 3Y*: 4.59%
• 5Y*: 3.35%
• 10Y*: —

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

GGOV vs. GBIL - Yearly Performance Comparison

	2026 (YTD)	2025
GGOV iShares Global Government Bond USD Hedged Active ETF	2.75%	-2.80%
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	1.57%	2.19%

Correlation

The correlation between GGOV and GBIL is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.12

Return for Risk

GGOV vs. GBIL — Risk / Return Rank

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

GGOV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

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 vs. GBIL - 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 Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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	GBIL	Difference
Sharpe ratio: Return per unit of total volatility	—	16.78	—
Sortino ratio: Return per unit of downside risk	—	104.00	—
Omega ratio: Gain probability vs. loss probability	—	42.59	—
Calmar ratio: Return relative to maximum drawdown	—	191.21	—
Martin ratio: Return relative to average drawdown	—	1,621.11	—

Drawdowns

GGOV vs. GBIL - Drawdown Comparison

The maximum GGOV drawdown since its inception was -4.69%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for GGOV and GBIL.

Drawdown Indicators

	GGOV	GBIL	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-0.76%	-3.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.76%	—
Current Drawdown Current decline from peak	-1.06%	0.00%	-1.06%
Average Drawdown Average peak-to-trough decline	-1.57%	-0.04%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	GGOV	GBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.28%	0.23%	+5.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.28%	0.58%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.28%	0.47%	+4.81%

GGOV vs. GBIL - Expense Ratio Comparison

GGOV has a 0.39% expense ratio, which is higher than GBIL's 0.12% expense ratio.

Dividends

GGOV vs. GBIL - Dividend Comparison

GGOV has not paid dividends to shareholders, while GBIL's dividend yield for the trailing twelve months is around 3.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
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%

Frequently Asked Questions

Can I hold both GGOV and GBIL in my portfolio?

GGOV and GBIL have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GGOV or GBIL?

On fees, GBIL is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGOV or GBIL?

GBIL is cheaper with a 0.12% expense ratio, compared with 0.39% for GGOV.

Which ETF pays a higher dividend yield, GGOV or GBIL?

GBIL has the higher dividend yield at 3.74%, compared with 0.00% for GGOV.

What is the main difference between GGOV and GBIL?

GGOV is categorized as Global Bonds, while GBIL is Government Bonds. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.39% for GGOV and 0.12% for GBIL.