IBTF vs. GGOV
IBTF (iShares iBonds Dec 2025 Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IBTF is a Government Bonds fund tracking the ICE 2025 Maturity US Treasury Index, while GGOV is a Global Bonds fund actively managed by iShares. IBTF is passively managed, while GGOV is actively managed. Over the past year, IBTF returned 1.44% vs -0.42% for GGOV. Their -0.08 correlation means they have often moved in opposite directions in the past. IBTF charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
IBTF vs. GGOV - Performance Comparison
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Returns By Period
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- 1.44%
- 3Y*
- 3.64%
- 5Y*
- 0.80%
- 10Y*
- —
- ALL TIME*
- 1.11%
GGOV
- 1D
- 0.12%
- 1M
- -0.10%
- 6M
- 3.17%
- YTD
- 2.61%
- 1Y
- -0.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.16M | $62.50M | $78.51M | |
| $0.00 | $0.00 | $0.00 |
IBTF vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 1.88% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
Correlation
The correlation between IBTF and GGOV is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | -0.08 |
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Return for Risk
IBTF vs. GGOV — Risk / Return Rank
IBTF
GGOV
IBTF vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBTF | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.04 | ||
| Sortino ratioReturn per unit of downside risk | +20.39 | ||
| Omega ratioGain probability vs. loss probability | 7.12 | 0.99 | +6.13 |
| Calmar ratioReturn relative to maximum drawdown | 39.94 | -0.09 | +40.03 |
| Martin ratioReturn relative to average drawdown | 258.91 | -0.19 | +259.10 |
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Drawdowns
IBTF vs. GGOV - Drawdown Comparison
The maximum IBTF drawdown since its inception was -10.45%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IBTF and GGOV.
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Drawdown Indicators
| IBTF | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.45% | -4.69% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -4.69% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -0.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.35% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.20% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -1.54% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.15% | -2.14% |
Volatility
IBTF vs. GGOV - Volatility Comparison
The current volatility for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) is 0.00%, while iShares Global Government Bond USD Hedged Active ETF (GGOV) has a volatility of 0.78%. This indicates that IBTF experiences smaller price fluctuations and is considered to be less risky than GGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTF | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.78% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 0.06% | 3.57% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.29% | 5.22% | -4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.35% | 5.08% | -2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.53% | 5.08% | -2.55% |
IBTF vs. GGOV - Expense Ratio Comparison
IBTF has a 0.07% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
IBTF vs. GGOV - Dividend Comparison
IBTF's dividend yield for the trailing twelve months is around 1.37%, 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% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 1.37% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% |
Frequently Asked Questions
IBTF and GGOV have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGOV has higher volatility (0.78%) compared to IBTF (0.00%). In terms of maximum drawdown, IBTF dropped -10.45% vs GGOV's -4.69%.
On 1-year performance, IBTF leads with 1.44% vs -0.42% for GGOV. On fees, IBTF is cheaper at 0.07% per year. On volatility, IBTF has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBTF has performed better with a 1.44% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTF is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBTF has the higher dividend yield at 1.37%, compared with 0.00% for GGOV.
IBTF is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.07% for IBTF and 0.39% for GGOV.
IBTF currently has the higher Sharpe Ratio (5.96 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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