GGOV vs. NXUS
GGOV (iShares Global Government Bond USD Hedged Active ETF) and NXUS (Nuveen International Aggregate Bond ETF) are both Global Bonds funds. GGOV is actively managed, while NXUS is passively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. GGOV charges 0.39%/yr vs 0.08%/yr for NXUS.
Performance
GGOV vs. NXUS - Performance Comparison
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Returns By Period
In the year-to-date period, GGOV achieves a 2.61% return, which is significantly higher than NXUS's 0.54% return.
GGOV
- 1D
- 0.12%
- 1M
- -0.10%
- 6M
- 3.17%
- YTD
- 2.61%
- 1Y
- -0.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.23%
NXUS
- 1D
- 0.32%
- 1M
- -0.66%
- 6M
- 0.10%
- YTD
- 0.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.16M | $62.50M | $78.51M | |
| $4.67M | $2.39M | $4.68M |
GGOV vs. NXUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.85% |
NXUS Nuveen International Aggregate Bond ETF | 0.54% | 0.45% |
Correlation
The correlation between GGOV and NXUS is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.56 |
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Return for Risk
GGOV vs. NXUS — Risk / Return Rank
GGOV
NXUS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GGOV vs. NXUS - 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 Nuveen International Aggregate Bond ETF (NXUS). 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 | NXUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.99 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | — | — |
| Martin ratioReturn relative to average drawdown | -0.19 | — | — |
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Drawdowns
GGOV vs. NXUS - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, which is greater than NXUS's maximum drawdown of -2.81%. Use the drawdown chart below to compare losses from any high point for GGOV and NXUS.
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Drawdown Indicators
| GGOV | NXUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -2.81% | -1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -1.27% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -0.93% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | — | — |
Volatility
GGOV vs. NXUS - Volatility Comparison
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Volatility by Period
| GGOV | NXUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 3.67% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 3.67% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 3.67% | +1.41% |
GGOV vs. NXUS - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than NXUS's 0.08% expense ratio.
Dividends
GGOV vs. NXUS - Dividend Comparison
GGOV has not paid dividends to shareholders, while NXUS's dividend yield for the trailing twelve months is around 2.24%.
| Position | TTM | 2025 |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% |
NXUS Nuveen International Aggregate Bond ETF | 2.24% | 0.39% |
Frequently Asked Questions
GGOV and NXUS have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NXUS is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NXUS is cheaper with a 0.08% expense ratio, compared with 0.39% for GGOV.
NXUS has the higher dividend yield at 2.24%, compared with 0.00% for GGOV.
They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.39% for GGOV and 0.08% for NXUS.
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