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 actively managed by iShares, while XFIV is a Government Bonds fund tracking the Bloomberg US Treasury 5 Year Target Duration Index. GGOV is actively managed, while XFIV is passively managed. Over the past year, GGOV returned -0.42% vs 1.15% for XFIV. Their 0.63 correlation means they have sometimes moved together and sometimes differently. 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 2.61% return, which is significantly higher than XFIV's -0.66% return.
GGOV
- 1D
- 0.12%
- 1M
- -0.10%
- 6M
- 3.17%
- YTD
- 2.61%
- 1Y
- -0.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.23%
XFIV
- 1D
- 0.20%
- 1M
- -0.58%
- 6M
- -0.50%
- YTD
- -0.66%
- 1Y
- 1.15%
- 3Y*
- 3.75%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.16M | $62.50M | $78.51M | |
| $3.32M | $6.36M | $4.71M |
GGOV vs. XFIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | -0.66% | 2.76% |
Correlation
The correlation between GGOV and XFIV is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.63 |
The correlation between GGOV and XFIV has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.
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Return for Risk
GGOV vs. XFIV — Risk / Return Rank
GGOV
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 | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.06 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.40 | -0.49 |
| Martin ratioReturn relative to average drawdown | -0.19 | 0.90 | -1.09 |
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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 | -4.69% | -2.91% | -1.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.47% | — |
Current DrawdownCurrent decline from peak | -1.20% | -2.33% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -1.68% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.28% | +0.87% |
Volatility
GGOV vs. XFIV - Volatility Comparison
The current volatility for iShares Global Government Bond USD Hedged Active ETF (GGOV) is 0.78%, while BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV) has a volatility of 0.91%. This indicates that GGOV experiences smaller price fluctuations and is considered to be less risky than XFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGOV | XFIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.91% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 2.68% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 3.33% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 5.36% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 5.36% | -0.28% |
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 3.93%.
| 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 | 3.93% | 4.05% | 3.92% | 3.63% | 1.06% |
Frequently Asked Questions
GGOV and XFIV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XFIV has higher volatility (0.91%) compared to GGOV (0.78%). In terms of maximum drawdown, GGOV dropped -4.69% vs XFIV's -6.38%.
On 1-year performance, XFIV leads with 1.15% vs -0.42% for GGOV. On fees, XFIV is cheaper at 0.05% per year. On volatility, GGOV has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XFIV has performed better with a 1.15% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XFIV is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
XFIV has the higher dividend yield at 3.93%, 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.
XFIV currently has the higher Sharpe Ratio (0.35 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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