GGOV vs. VGLT
GGOV (iShares Global Government Bond USD Hedged Active ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both exchange-traded funds - GGOV is a Global Bonds fund managed by iShares, while VGLT is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. A 0.62 correlation means they provide meaningful diversification when combined. GGOV charges 0.39%/yr vs 0.03%/yr for VGLT.
Performance
GGOV vs. VGLT - 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 VGLT's 0.49% return.
GGOV
- 1D
- 0.02%
- 1M
- 0.60%
- YTD
- 2.75%
- 6M
- 2.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGLT
- 1D
- 0.15%
- 1M
- 2.04%
- YTD
- 0.49%
- 6M
- 0.38%
- 1Y
- 4.08%
- 3Y*
- -0.75%
- 5Y*
- -5.58%
- 10Y*
- -1.20%
GGOV vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.75% | -2.80% |
VGLT Vanguard Long-Term Treasury ETF | 0.49% | 2.85% |
Correlation
The correlation between GGOV and VGLT is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.62 |
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Return for Risk
GGOV vs. VGLT — Risk / Return Rank
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VGLT
GGOV vs. VGLT - 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 Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.59 | — |
| Martin ratioReturn relative to average drawdown | — | 1.45 | — |
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Drawdowns
GGOV vs. VGLT - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for GGOV and VGLT.
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Drawdown Indicators
| GGOV | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -46.18% | +41.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | -1.06% | -36.26% | +35.20% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -15.12% | +13.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.82% | — |
Volatility
GGOV vs. VGLT - Volatility Comparison
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Volatility by Period
| GGOV | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 8.61% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 14.53% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 13.80% | -8.52% |
GGOV vs. VGLT - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than VGLT's 0.03% expense ratio.
Dividends
GGOV vs. VGLT - Dividend Comparison
GGOV has not paid dividends to shareholders, while VGLT's dividend yield for the trailing twelve months is around 4.57%.
| 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.57% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
GGOV and VGLT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGLT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.39% for GGOV.
VGLT has the higher dividend yield at 4.57%, compared with 0.00% for GGOV.
GGOV is categorized as Global Bonds, while VGLT is Government Bonds. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for GGOV and 0.03% for VGLT.
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