GGOV vs. IBIT
GGOV (iShares Global Government Bond USD Hedged Active ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - GGOV is a Global Bonds fund managed by iShares, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. At a 0.07 correlation, their price movements are largely independent. GGOV charges 0.39%/yr vs 0.25%/yr for IBIT.
Performance
GGOV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, GGOV achieves a 2.75% return, which is significantly higher than IBIT's -31.78% return.
GGOV
- 1D
- 0.02%
- 1M
- 0.60%
- YTD
- 2.75%
- 6M
- 2.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -4.08%
- 1M
- -21.16%
- YTD
- -31.78%
- 6M
- -31.52%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.75% | -2.80% |
IBIT iShares Bitcoin Trust ETF | -31.78% | -18.97% |
Correlation
The correlation between GGOV and IBIT is 0.07, 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 | 0.07 |
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Return for Risk
GGOV vs. IBIT — Risk / Return Rank
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBIT
GGOV vs. IBIT - 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 Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.84 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.83 | — |
| Martin ratioReturn relative to average drawdown | — | -1.42 | — |
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Drawdowns
GGOV vs. IBIT - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for GGOV and IBIT.
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Drawdown Indicators
| GGOV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -52.49% | +47.80% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.49% | — |
Current DrawdownCurrent decline from peak | -1.06% | -52.49% | +51.43% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -16.91% | +15.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.76% | — |
Volatility
GGOV vs. IBIT - Volatility Comparison
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Volatility by Period
| GGOV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 44.48% | -39.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 50.25% | -44.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 50.25% | -44.97% |
GGOV vs. IBIT - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
GGOV vs. IBIT - Dividend Comparison
Neither GGOV nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
GGOV and IBIT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.39% for GGOV.
GGOV and IBIT have nearly identical dividend yields, around 0.00%.
GGOV is categorized as Global Bonds, while IBIT is Cryptocurrency. Their fees differ too: 0.39% for GGOV and 0.25% for IBIT.
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