GGOV vs. SLV
GGOV (iShares Global Government Bond USD Hedged Active ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - GGOV is a Global Bonds fund managed by iShares, while SLV is a Silver fund tracking the LBMA Silver Price. At a 0.09 correlation, their price movements are largely independent. GGOV charges 0.39%/yr vs 0.50%/yr for SLV.
Performance
GGOV vs. SLV - 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 SLV's -13.49% return.
GGOV
- 1D
- 0.02%
- 1M
- 0.60%
- YTD
- 2.75%
- 6M
- 2.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLV
- 1D
- -5.40%
- 1M
- -18.48%
- YTD
- -13.49%
- 6M
- -14.05%
- 1Y
- 69.08%
- 3Y*
- 39.38%
- 5Y*
- 18.31%
- 10Y*
- 12.68%
GGOV vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.75% | -2.80% |
SLV iShares Silver Trust | -13.49% | 95.15% |
Correlation
The correlation between GGOV and SLV is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.09 |
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Return for Risk
GGOV vs. SLV — Risk / Return Rank
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLV
GGOV vs. SLV - 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 Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.47 | — |
| Martin ratioReturn relative to average drawdown | — | 3.16 | — |
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Drawdowns
GGOV vs. SLV - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for GGOV and SLV.
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Drawdown Indicators
| GGOV | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -76.28% | +71.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -47.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.23% | — |
Current DrawdownCurrent decline from peak | -1.06% | -47.23% | +46.17% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -44.65% | +43.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.91% | — |
Volatility
GGOV vs. SLV - Volatility Comparison
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Volatility by Period
| GGOV | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 60.33% | -55.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 36.59% | -31.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 32.09% | -26.81% |
GGOV vs. SLV - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is lower than SLV's 0.50% expense ratio.
Dividends
GGOV vs. SLV - Dividend Comparison
Neither GGOV nor SLV has paid dividends to shareholders.
Frequently Asked Questions
GGOV and SLV have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GGOV is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GGOV is cheaper with a 0.39% expense ratio, compared with 0.50% for SLV.
GGOV and SLV have nearly identical dividend yields, around 0.00%.
GGOV is categorized as Global Bonds, while SLV is Silver. Their fees differ too: 0.39% for GGOV and 0.50% for SLV.
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