GGOV vs. SCHR
GGOV (iShares Global Government Bond USD Hedged Active ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both exchange-traded funds - GGOV is a Global Bonds fund actively managed by iShares, while SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index. GGOV is actively managed, while SCHR is passively managed. Over the past year, GGOV returned -0.42% vs 1.33% for SCHR. Their 0.62 correlation means they have sometimes moved together and sometimes differently. GGOV charges 0.39%/yr vs 0.05%/yr for SCHR.
Performance
GGOV vs. SCHR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GGOV achieves a 2.61% return, which is significantly higher than SCHR's -0.61% return.
GGOV
- 1D
- 0.12%
- 1M
- -0.10%
- 6M
- 3.17%
- YTD
- 2.61%
- 1Y
- -0.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.23%
SCHR
- 1D
- 0.16%
- 1M
- -0.57%
- 6M
- -0.40%
- YTD
- -0.61%
- 1Y
- 1.33%
- 3Y*
- 3.68%
- 5Y*
- -0.25%
- 10Y*
- 1.12%
- ALL TIME*
- 1.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.16M | $62.50M | $78.51M | |
| $64.01M | $63.49M | $74.51M |
GGOV vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.61% | 2.79% |
Correlation
The correlation between GGOV and SCHR is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.62 |
The correlation between GGOV and SCHR has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GGOV vs. SCHR — Risk / Return Rank
GGOV
SCHR
GGOV vs. SCHR - 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 Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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 | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.07 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.48 | -0.57 |
| Martin ratioReturn relative to average drawdown | -0.19 | 1.10 | -1.29 |
Loading charts...
Drawdowns
GGOV vs. SCHR - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum SCHR drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for GGOV and SCHR.
Loading charts...
Drawdown Indicators
| GGOV | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -16.11% | +11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -2.79% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -1.20% | -2.54% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -3.63% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.22% | +0.93% |
Volatility
GGOV vs. SCHR - Volatility Comparison
The current volatility for iShares Global Government Bond USD Hedged Active ETF (GGOV) is 0.78%, while Schwab Intermediate-Term U.S. Treasury ETF (SCHR) has a volatility of 0.86%. This indicates that GGOV experiences smaller price fluctuations and is considered to be less risky than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GGOV | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.86% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 2.62% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 3.29% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 5.39% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 4.47% | +0.61% |
GGOV vs. SCHR - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than SCHR's 0.05% expense ratio.
Dividends
GGOV vs. SCHR - Dividend Comparison
GGOV has not paid dividends to shareholders, while SCHR's dividend yield for the trailing twelve months is around 3.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.97% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
GGOV and SCHR 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.
SCHR has higher volatility (0.86%) compared to GGOV (0.78%). In terms of maximum drawdown, GGOV dropped -4.69% vs SCHR's -16.11%.
On 1-year performance, SCHR leads with 1.33% vs -0.42% for GGOV. On fees, SCHR is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCHR has performed better with a 1.33% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
SCHR has the higher dividend yield at 3.97%, compared with 0.00% for GGOV.
GGOV is categorized as Global Bonds, while SCHR is Government Bonds. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.39% for GGOV and 0.05% for SCHR.
SCHR currently has the higher Sharpe Ratio (0.41 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GGOV and SCHR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer