IBTH vs. GGOV

Last updated Jun 3, 2026

IBTH (iShares iBonds Dec 2027 Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IBTH is a Government Bonds fund tracking the ICE 2027 Maturity US Treasury Index, while GGOV is a Global Bonds fund managed by iShares. At a 0.50 correlation, their price movements are largely independent. IBTH charges 0.07%/yr vs 0.39%/yr for GGOV.

Performance

IBTH vs. GGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2027 Term Treasury ETF (IBTH) and iShares Global Government Bond USD Hedged Active ETF (GGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBTH achieves a 0.94% return, which is significantly lower than GGOV's 2.47% return.

IBTH

• 1D: -0.02%
• 1M: 0.18%
• YTD: 0.94%
• 6M: 1.33%
• 1Y: 3.81%
• 3Y*: 3.93%
• 5Y*: 0.55%
• 10Y*: —

GGOV

• 1D: -0.12%
• 1M: 0.55%
• YTD: 2.47%
• 6M: -0.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBTH vs. GGOV - Yearly Performance Comparison

	2026 (YTD)	2025
IBTH iShares iBonds Dec 2027 Term Treasury ETF	0.94%	2.30%
GGOV iShares Global Government Bond USD Hedged Active ETF	2.47%	-2.81%

Correlation

The correlation between IBTH and GGOV is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.50

Return for Risk

IBTH vs. GGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBTH

IBTH Risk / Return Rank: 96
IBTH Sharpe Ratio Rank: 93
IBTH Sortino Ratio Rank: 97
IBTH Omega Ratio Rank: 97
IBTH Calmar Ratio Rank: 96
IBTH Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBTH vs. GGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) 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.

	IBTH	GGOV	Difference
Sharpe ratio Return per unit of total volatility	3.44	—	—
Sortino ratio Return per unit of downside risk	6.25	—	—
Omega ratio Gain probability vs. loss probability	1.88	—	—
Calmar ratio Return relative to maximum drawdown	9.82	—	—
Martin ratio Return relative to average drawdown	38.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBTH	GGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	-0.08	+0.23

Drawdowns

IBTH vs. GGOV - Drawdown Comparison

The maximum IBTH drawdown since its inception was -16.16%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IBTH and GGOV.

Drawdown Indicators

	IBTH	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-16.16%	-4.69%	-11.47%
Max Drawdown (1Y) Largest decline over 1 year	-0.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.41%	—	—
Current Drawdown Current decline from peak	-1.34%	-1.34%	0.00%
Average Drawdown Average peak-to-trough decline	-6.72%	-1.59%	-5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	—	—

Volatility

Volatility by Period

	IBTH	GGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.12%	5.39%	-4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.20%	5.39%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.21%	5.39%	-1.18%

IBTH vs. GGOV - Expense Ratio Comparison

IBTH has a 0.07% expense ratio, which is lower than GGOV's 0.39% expense ratio.

Dividends

IBTH vs. GGOV - Dividend Comparison

IBTH's dividend yield for the trailing twelve months is around 3.83%, 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%
IBTH iShares iBonds Dec 2027 Term Treasury ETF	3.83%	3.92%	4.04%	3.61%	2.00%	0.77%	0.50%

Frequently Asked Questions

Can I hold both IBTH and GGOV in my portfolio?

IBTH and GGOV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBTH or GGOV?

On fees, IBTH is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBTH or GGOV?

IBTH is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.

Which ETF pays a higher dividend yield, IBTH or GGOV?

IBTH has the higher dividend yield at 3.83%, compared with 0.00% for GGOV.

What is the main difference between IBTH and GGOV?

IBTH is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.07% for IBTH and 0.39% for GGOV.