GOVZ vs. GGOV
GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - GOVZ is a Government Bonds fund tracking the ICE BofA Long US Treasury Principal STRIPS Index, while GGOV is a Global Bonds fund managed by iShares. A 0.58 correlation means they provide meaningful diversification when combined. GOVZ charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
GOVZ vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, GOVZ achieves a -0.94% return, which is significantly lower than GGOV's 2.30% return.
GOVZ
- 1D
- -0.50%
- 1M
- 1.73%
- YTD
- -0.94%
- 6M
- -4.35%
- 1Y
- 3.91%
- 3Y*
- -7.43%
- 5Y*
- -11.53%
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOVZ vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -0.94% | -0.12% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between GOVZ and GGOV is 0.58, 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 | 0.58 |
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Return for Risk
GOVZ vs. GGOV — Risk / Return Rank
GOVZ
GGOV
GOVZ vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) 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.
| GOVZ | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | — | — |
| Martin ratioReturn relative to average drawdown | 0.63 | — | — |
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
| GOVZ | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | -0.11 | -0.47 |
Drawdowns
GOVZ vs. GGOV - Drawdown Comparison
The maximum GOVZ drawdown since its inception was -59.65%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for GOVZ and GGOV.
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Drawdown Indicators
| GOVZ | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.65% | -4.69% | -54.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | — | — |
Current DrawdownCurrent decline from peak | -56.47% | -1.50% | -54.97% |
Average DrawdownAverage peak-to-trough decline | -39.91% | -1.59% | -38.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.21% | — | — |
Volatility
GOVZ vs. GGOV - Volatility Comparison
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Volatility by Period
| GOVZ | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 5.38% | +10.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 5.38% | +18.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 5.38% | +17.97% |
GOVZ vs. GGOV - Expense Ratio Comparison
GOVZ has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
GOVZ vs. GGOV - Dividend Comparison
GOVZ's dividend yield for the trailing twelve months is around 5.18%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.18% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
Frequently Asked Questions
GOVZ and GGOV have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOVZ is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOVZ is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
GOVZ has the higher dividend yield at 5.18%, compared with 0.00% for GGOV.
GOVZ is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.15% for GOVZ and 0.39% for GGOV.
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