GGOV vs. XFIV
GGOV (iShares Global Government Bond USD Hedged Active ETF) and XFIV (BondBloxx Bloomberg Five Year Target Duration US Treasury ETF) are both exchange-traded funds - GGOV is a Global Bonds fund managed by iShares, while XFIV is a Government Bonds fund tracking the Bloomberg US Treasury 5 Year Target Duration Index. A 0.63 correlation means they provide meaningful diversification when combined. GGOV charges 0.39%/yr vs 0.05%/yr for XFIV.
Performance
GGOV vs. XFIV - 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 XFIV's -0.44% return.
GGOV
- 1D
- 0.02%
- 1M
- 0.60%
- YTD
- 2.75%
- 6M
- 2.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XFIV
- 1D
- 0.16%
- 1M
- 0.35%
- YTD
- -0.44%
- 6M
- -0.28%
- 1Y
- 2.68%
- 3Y*
- 3.66%
- 5Y*
- —
- 10Y*
- —
GGOV vs. XFIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.75% | -2.80% |
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | -0.44% | 2.76% |
Correlation
The correlation between GGOV and XFIV is 0.63, 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 | 0.63 |
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Return for Risk
GGOV vs. XFIV — Risk / Return Rank
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XFIV
GGOV vs. XFIV - 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 BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV). 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 | XFIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.92 | — |
| Martin ratioReturn relative to average drawdown | — | 2.47 | — |
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Drawdowns
GGOV vs. XFIV - Drawdown Comparison
The maximum GGOV drawdown since its inception was -4.69%, smaller than the maximum XFIV drawdown of -6.38%. Use the drawdown chart below to compare losses from any high point for GGOV and XFIV.
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Drawdown Indicators
| GGOV | XFIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.69% | -6.38% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.47% | — |
Current DrawdownCurrent decline from peak | -1.06% | -2.12% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -1.66% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
Volatility
GGOV vs. XFIV - Volatility Comparison
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Volatility by Period
| GGOV | XFIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 3.47% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 5.41% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 5.41% | -0.13% |
GGOV vs. XFIV - Expense Ratio Comparison
GGOV has a 0.39% expense ratio, which is higher than XFIV's 0.05% expense ratio.
Dividends
GGOV vs. XFIV - Dividend Comparison
GGOV has not paid dividends to shareholders, while XFIV's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | 3.82% | 4.05% | 3.92% | 3.63% | 1.06% |
Frequently Asked Questions
GGOV and XFIV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFIV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFIV is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
XFIV has the higher dividend yield at 3.82%, compared with 0.00% for GGOV.
GGOV is categorized as Global Bonds, while XFIV is Government Bonds. They also come from different issuers: iShares and BondBloxx. Their fees differ too: 0.39% for GGOV and 0.05% for XFIV.
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