GGOV vs. IBTJ
GGOV (iShares Global Government Bond USD Hedged Active ETF) and IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) are both exchange-traded funds - GGOV is a Global Bonds fund managed by iShares, while IBTJ is a Government Bonds fund tracking the ICE 2029 Maturity US Treasury Index. A 0.61 correlation means they provide meaningful diversification when combined. GGOV charges 0.39%/yr vs 0.07%/yr for IBTJ.
Performance
GGOV vs. IBTJ - 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 IBTJ's -0.05% return.
GGOV
- 1D
- 0.02%
- 1M
- 0.60%
- YTD
- 2.75%
- 6M
- 2.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTJ
- 1D
- 0.14%
- 1M
- 0.18%
- YTD
- -0.05%
- 6M
- 0.15%
- 1Y
- 2.83%
- 3Y*
- 3.66%
- 5Y*
- -0.07%
- 10Y*
- —
GGOV vs. IBTJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.75% | -2.80% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | -0.05% | 2.62% |
Correlation
The correlation between GGOV and IBTJ is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.61 |
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Return for Risk
GGOV vs. IBTJ — Risk / Return Rank
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBTJ
GGOV vs. IBTJ - 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 iBonds Dec 2029 Term Treasury ETF (IBTJ). 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 | IBTJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.75 | — |
| Martin ratioReturn relative to average drawdown | — | 4.57 | — |
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Drawdowns
GGOV vs. IBTJ - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum IBTJ drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for GGOV and IBTJ.
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Drawdown Indicators
| GGOV | IBTJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -20.19% | +15.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.21% | — |
Current DrawdownCurrent decline from peak | -1.06% | -6.26% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -9.70% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.62% | — |
Volatility
GGOV vs. IBTJ - Volatility Comparison
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Volatility by Period
| GGOV | IBTJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 2.40% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 5.72% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 5.98% | -0.70% |
GGOV vs. IBTJ - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than IBTJ's 0.07% expense ratio.
Dividends
GGOV vs. IBTJ - Dividend Comparison
GGOV has not paid dividends to shareholders, while IBTJ's dividend yield for the trailing twelve months is around 3.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.81% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% |
Frequently Asked Questions
GGOV and IBTJ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTJ is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTJ is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBTJ has the higher dividend yield at 3.81%, compared with 0.00% for GGOV.
GGOV is categorized as Global Bonds, while IBTJ is Government Bonds. Their fees differ too: 0.39% for GGOV and 0.07% for IBTJ.
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