GGOV vs. SLDR
GGOV (iShares Global Government Bond USD Hedged Active ETF) and SLDR (Global X Short-Term Treasury Ladder ETF) are both exchange-traded funds - GGOV is a Global Bonds fund actively managed by iShares, while SLDR is a Government Bonds fund tracking the FTSE US Treasury 1-3 Years Laddered Bond Index. GGOV is actively managed, while SLDR is passively managed. Over the past year, GGOV returned -0.42% vs 2.52% for SLDR. Their 0.47 correlation means their historical movements had little consistent relationship. GGOV charges 0.39%/yr vs 0.12%/yr for SLDR.
Performance
GGOV vs. SLDR - 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 SLDR's 0.71% return.
GGOV
- 1D
- 0.12%
- 1M
- -0.10%
- 6M
- 3.17%
- YTD
- 2.61%
- 1Y
- -0.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.23%
SLDR
- 1D
- 0.06%
- 1M
- 0.12%
- 6M
- 0.47%
- YTD
- 0.71%
- 1Y
- 2.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.16M | $62.50M | $78.51M | |
| $33.40K | $696.33K | $674.26K |
GGOV vs. SLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
SLDR Global X Short-Term Treasury Ladder ETF | 0.71% | 2.33% |
Correlation
The correlation between GGOV and SLDR is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.47 |
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Return for Risk
GGOV vs. SLDR — Risk / Return Rank
GGOV
SLDR
GGOV vs. SLDR - 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 Global X Short-Term Treasury Ladder ETF (SLDR). 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 | SLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.89 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.19 | 10.59 | -10.78 |
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Drawdowns
GGOV vs. SLDR - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, which is greater than SLDR's maximum drawdown of -0.87%. Use the drawdown chart below to compare losses from any high point for GGOV and SLDR.
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Drawdown Indicators
| GGOV | SLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -0.87% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.69% | -0.87% | -3.82% |
Current DrawdownCurrent decline from peak | -1.20% | -0.01% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -0.14% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 0.24% | +1.91% |
Volatility
GGOV vs. SLDR - Volatility Comparison
iShares Global Government Bond USD Hedged Active ETF (GGOV) has a higher volatility of 0.78% compared to Global X Short-Term Treasury Ladder ETF (SLDR) at 0.50%. This indicates that GGOV's price experiences larger fluctuations and is considered to be riskier than SLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGOV | SLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.50% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 1.02% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 1.28% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 1.28% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 1.28% | +3.80% |
GGOV vs. SLDR - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than SLDR's 0.12% expense ratio.
Dividends
GGOV vs. SLDR - Dividend Comparison
GGOV has not paid dividends to shareholders, while SLDR's dividend yield for the trailing twelve months is around 3.68%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% |
SLDR Global X Short-Term Treasury Ladder ETF | 3.68% | 3.80% | 0.98% |
Frequently Asked Questions
GGOV and SLDR have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGOV has higher volatility (0.78%) compared to SLDR (0.50%). In terms of maximum drawdown, GGOV dropped -4.69% vs SLDR's -0.87%.
On 1-year performance, SLDR leads with 2.52% vs -0.42% for GGOV. On fees, SLDR is cheaper at 0.12% per year. On volatility, SLDR has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLDR has performed better with a 2.52% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLDR is cheaper with a 0.12% expense ratio, compared with 0.39% for GGOV.
SLDR has the higher dividend yield at 3.68%, compared with 0.00% for GGOV.
GGOV is categorized as Global Bonds, while SLDR is Government Bonds. They also come from different issuers: iShares and Global X. Their fees differ too: 0.39% for GGOV and 0.12% for SLDR.
SLDR currently has the higher Sharpe Ratio (1.98 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.
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