GOVG.L vs. FGOV.L
Compare and contrast key facts about Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) (GOVG.L) and First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L).
GOVG.L and FGOV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOVG.L is a passively managed fund by Amundi that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Jul 13, 2021. FGOV.L is a passively managed fund by First Trust that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Oct 1, 2020. Both GOVG.L and FGOV.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GOVG.L vs. FGOV.L - Performance Comparison
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GOVG.L vs. FGOV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOVG.L Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) | -0.09% | 0.76% | -0.52% | 2.69% | -14.37% | -0.98% |
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 0.05% | 5.31% | 3.51% | 6.01% | -7.49% | -3.50% |
Returns By Period
In the year-to-date period, GOVG.L achieves a -0.09% return, which is significantly lower than FGOV.L's 0.05% return.
GOVG.L
- 1D
- 0.18%
- 1M
- -1.46%
- YTD
- -0.09%
- 6M
- -2.18%
- 1Y
- -0.48%
- 3Y*
- 0.06%
- 5Y*
- —
- 10Y*
- —
FGOV.L
- 1D
- 0.15%
- 1M
- -1.33%
- YTD
- 0.05%
- 6M
- 0.76%
- 1Y
- 4.39%
- 3Y*
- 4.28%
- 5Y*
- 0.67%
- 10Y*
- —
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GOVG.L vs. FGOV.L - Expense Ratio Comparison
GOVG.L has a 0.15% expense ratio, which is lower than FGOV.L's 0.45% expense ratio.
Return for Risk
GOVG.L vs. FGOV.L — Risk / Return Rank
GOVG.L
FGOV.L
GOVG.L vs. FGOV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) (GOVG.L) and First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L). 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.
| GOVG.L | FGOV.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.11 | 2.58 | -2.69 |
Sortino ratioReturn per unit of downside risk | -0.11 | 3.66 | -3.77 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.56 | -0.58 |
Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.43 | -2.54 |
Martin ratioReturn relative to average drawdown | -0.24 | 10.76 | -11.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GOVG.L | FGOV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 2.58 | -2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | 0.06 | -0.62 |
Correlation
The correlation between GOVG.L and FGOV.L is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GOVG.L vs. FGOV.L - Dividend Comparison
GOVG.L has not paid dividends to shareholders, while FGOV.L's dividend yield for the trailing twelve months is around 3.11%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOVG.L Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 3.11% | 2.82% | 2.27% | 1.86% | 1.01% | 1.20% |
Drawdowns
GOVG.L vs. FGOV.L - Drawdown Comparison
The maximum GOVG.L drawdown since its inception was -17.52%, which is greater than FGOV.L's maximum drawdown of -14.18%. Use the drawdown chart below to compare losses from any high point for GOVG.L and FGOV.L.
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Drawdown Indicators
| GOVG.L | FGOV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -14.18% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -1.74% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.99% | — |
Current DrawdownCurrent decline from peak | -13.76% | -1.40% | -12.36% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -6.21% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 0.39% | +1.43% |
Volatility
GOVG.L vs. FGOV.L - Volatility Comparison
Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) (GOVG.L) has a higher volatility of 1.34% compared to First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) at 0.83%. This indicates that GOVG.L's price experiences larger fluctuations and is considered to be riskier than FGOV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVG.L | FGOV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.83% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 1.13% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 1.70% | +2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 3.28% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 3.19% | +1.96% |