IAGG vs. GGOV
IAGG (iShares Core International Aggregate Bond ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both Global Bonds funds from iShares. A 0.57 correlation means they provide meaningful diversification when combined. IAGG charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
IAGG vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IAGG achieves a 0.92% return, which is significantly lower than GGOV's 2.30% return.
IAGG
- 1D
- -0.20%
- 1M
- 0.66%
- YTD
- 0.92%
- 6M
- 0.72%
- 1Y
- 2.30%
- 3Y*
- 4.59%
- 5Y*
- 1.11%
- 10Y*
- 2.17%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAGG vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAGG iShares Core International Aggregate Bond ETF | 0.92% | 0.89% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between IAGG and GGOV is 0.57, 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 | 0.57 |
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Return for Risk
IAGG vs. GGOV — Risk / Return Rank
IAGG
GGOV
IAGG vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core International Aggregate Bond ETF (IAGG) 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.
| IAGG | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | — | — |
| Martin ratioReturn relative to average drawdown | 2.99 | — | — |
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
| IAGG | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | -0.11 | +0.73 |
Drawdowns
IAGG vs. GGOV - Drawdown Comparison
The maximum IAGG drawdown since its inception was -13.88%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IAGG and GGOV.
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Drawdown Indicators
| IAGG | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -4.69% | -9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.88% | — | — |
Current DrawdownCurrent decline from peak | -0.98% | -1.50% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -1.59% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | — | — |
Volatility
IAGG vs. GGOV - Volatility Comparison
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Volatility by Period
| IAGG | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 5.38% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 5.38% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 5.38% | -1.33% |
IAGG vs. GGOV - Expense Ratio Comparison
IAGG has a 0.07% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
IAGG vs. GGOV - Dividend Comparison
IAGG's dividend yield for the trailing twelve months is around 3.66%, 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% |
IAGG iShares Core International Aggregate Bond ETF | 3.66% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
IAGG and GGOV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAGG is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAGG is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IAGG has the higher dividend yield at 3.66%, compared with 0.00% for GGOV.
Their fees differ too: 0.07% for IAGG and 0.39% for GGOV.
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