GOVI vs. GGOV
GOVI (Invesco Equal Weight 0-30 Year Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - GOVI is a Government Bonds fund tracking the ICE 1-30 Year Laddered Maturity U.S. Treasury Index, while GGOV is a Global Bonds fund managed by iShares. A 0.62 correlation means they provide meaningful diversification when combined. GOVI charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
GOVI vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, GOVI achieves a -0.34% return, which is significantly lower than GGOV's 2.16% return.
GOVI
- 1D
- 0.20%
- 1M
- 0.24%
- YTD
- -0.34%
- 6M
- -0.80%
- 1Y
- 3.44%
- 3Y*
- 0.97%
- 5Y*
- -2.73%
- 10Y*
- -0.05%
GGOV
- 1D
- -0.14%
- 1M
- -0.11%
- YTD
- 2.16%
- 6M
- -1.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOVI vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | -0.34% | 2.47% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.16% | -2.81% |
Correlation
The correlation between GOVI and GGOV 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 27, 2025 | 0.62 |
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Return for Risk
GOVI vs. GGOV — Risk / Return Rank
GOVI
GGOV
GOVI vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) and iShares Global Government Bond USD Hedged Active ETF (GGOV). 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.
| GOVI | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | — | — |
| Martin ratioReturn relative to average drawdown | 1.76 | — | — |
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
| GOVI | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.14 | +0.46 |
Drawdowns
GOVI vs. GGOV - Drawdown Comparison
The maximum GOVI drawdown since its inception was -32.70%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for GOVI and GGOV.
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Drawdown Indicators
| GOVI | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.70% | -4.69% | -28.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.45% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.70% | — | — |
Current DrawdownCurrent decline from peak | -22.22% | -1.64% | -20.58% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -1.59% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | — | — |
Volatility
GOVI vs. GGOV - Volatility Comparison
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Volatility by Period
| GOVI | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.58% | 5.37% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 5.37% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.10% | 5.37% | +3.73% |
GOVI vs. GGOV - Expense Ratio Comparison
GOVI has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
GOVI vs. GGOV - Dividend Comparison
GOVI's dividend yield for the trailing twelve months is around 3.82%, while GGOV has not paid dividends to shareholders.
| 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% |
GOVI Invesco Equal Weight 0-30 Year Treasury ETF | 3.82% | 3.75% | 3.56% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% |
Frequently Asked Questions
GOVI and GGOV 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, GOVI is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOVI is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
GOVI has the higher dividend yield at 3.82%, compared with 0.00% for GGOV.
GOVI is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for GOVI and 0.39% for GGOV.
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