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 managed by iShares, while SLDR is a Government Bonds fund tracking the FTSE US Treasury 1-3 Years Laddered Bond Index. Over the past year, GGOV returned 0.14% vs 2.78% for SLDR. At a 0.46 correlation, their price movements are largely independent. 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 2.36% return, which is significantly higher than SLDR's 0.46% return.
GGOV
- 1D
- -0.32%
- 1M
- -0.10%
- 6M
- 2.76%
- YTD
- 2.36%
- 1Y
- 0.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLDR
- 1D
- -0.09%
- 1M
- 0.04%
- 6M
- 0.41%
- YTD
- 0.46%
- 1Y
- 2.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV vs. SLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.36% | -2.80% |
SLDR Global X Short-Term Treasury Ladder ETF | 0.46% | 2.33% |
Correlation
The correlation between GGOV and SLDR is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.46 |
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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 | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.48 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 3.20 | -3.17 |
| Martin ratioReturn relative to average drawdown | 0.06 | 11.84 | -11.78 |
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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 | -1.44% | -0.26% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -0.14% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.24% | +1.88% |
Volatility
GGOV vs. SLDR - Volatility Comparison
iShares Global Government Bond USD Hedged Active ETF (GGOV) has a higher volatility of 0.97% compared to Global X Short-Term Treasury Ladder ETF (SLDR) at 0.58%. 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 | 0.97% | 0.58% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 0.98% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 1.35% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 1.28% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 1.28% | +3.92% |
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 3.70%.
| 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 | 3.70% | 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 (0.97%) compared to SLDR (0.58%). In terms of maximum drawdown, GGOV dropped -4.69% vs SLDR's -0.87%.
On 1-year performance, SLDR leads with 2.78% vs 0.14% for GGOV. On fees, SLDR is cheaper at 0.12% per year. On volatility, SLDR has been the lower-risk option at 0.58%. 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 2.78% return vs 0.14%. 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 3.70%, 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 (2.08 vs 0.03), 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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