IBGB vs. GGOV
IBGB (iShares iBonds Dec 2045 Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IBGB is a Government Bonds fund tracking the ICE 2045 Maturity US Treasury Index, while GGOV is a Global Bonds fund managed by iShares. A 0.62 correlation means they provide meaningful diversification when combined. IBGB charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
IBGB vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IBGB achieves a -0.23% return, which is significantly lower than GGOV's 2.16% return.
IBGB
- 1D
- 0.17%
- 1M
- 0.38%
- YTD
- -0.23%
- 6M
- -0.92%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.14%
- 1M
- -0.11%
- YTD
- 2.16%
- 6M
- -1.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBGB vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBGB iShares iBonds Dec 2045 Term Treasury ETF | -0.23% | 2.65% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.16% | -2.81% |
Correlation
The correlation between IBGB 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
IBGB vs. GGOV — Risk / Return Rank
IBGB
GGOV
IBGB vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2045 Term Treasury ETF (IBGB) 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.
| IBGB | 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 | 0.60 | — | — |
| Martin ratioReturn relative to average drawdown | 1.61 | — | — |
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
| IBGB | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.14 | +0.36 |
Drawdowns
IBGB vs. GGOV - Drawdown Comparison
The maximum IBGB drawdown since its inception was -8.09%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IBGB and GGOV.
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Drawdown Indicators
| IBGB | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.09% | -4.69% | -3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | — | — |
Current DrawdownCurrent decline from peak | -4.02% | -1.64% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -1.59% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | — | — |
Volatility
IBGB vs. GGOV - Volatility Comparison
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Volatility by Period
| IBGB | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.44% | 5.37% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.52% | 5.37% | +4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 5.37% | +4.15% |
IBGB vs. GGOV - Expense Ratio Comparison
IBGB has a 0.07% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
IBGB vs. GGOV - Dividend Comparison
IBGB's dividend yield for the trailing twelve months is around 4.63%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% |
IBGB iShares iBonds Dec 2045 Term Treasury ETF | 4.63% | 3.53% |
Frequently Asked Questions
IBGB 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, IBGB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBGB is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBGB has the higher dividend yield at 4.63%, compared with 0.00% for GGOV.
IBGB is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.07% for IBGB and 0.39% for GGOV.
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