IBTH vs. MGOV
IBTH (iShares iBonds Dec 2027 Term Treasury ETF) and MGOV (First Trust Intermediate Government Opportunities ETF) are both Government Bonds funds. IBTH is passively managed, while MGOV is actively managed. Over the past year, IBTH returned 3.20% vs 2.59% for MGOV. Their 0.73 correlation means they have sometimes moved together and sometimes differently. IBTH charges 0.07%/yr vs 0.65%/yr for MGOV.
Performance
IBTH vs. MGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTH achieves a 1.39% return, which is significantly higher than MGOV's -0.74% return.
IBTH
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 1.14%
- YTD
- 1.39%
- 1Y
- 3.20%
- 3Y*
- 4.41%
- 5Y*
- 0.30%
- 10Y*
- —
- ALL TIME*
- 0.68%
MGOV
- 1D
- -0.42%
- 1M
- -1.49%
- 6M
- -1.27%
- YTD
- -0.74%
- 1Y
- 2.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.80M | $10.08M | $10.08M | |
| $321.85K | $589.79K | $619.98K |
IBTH vs. MGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 1.39% | 5.29% | 3.22% | 3.20% |
MGOV First Trust Intermediate Government Opportunities ETF | -0.74% | 8.54% | 1.55% | 4.56% |
Correlation
The correlation between IBTH and MGOV is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2023 | 0.73 |
Over the past year, the correlation between IBTH and MGOV has dropped to 0.52 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBTH vs. MGOV — Risk / Return Rank
IBTH
MGOV
IBTH vs. MGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) and First Trust Intermediate Government Opportunities ETF (MGOV). 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.
| IBTH | MGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.98 | ||
| Sortino ratioReturn per unit of downside risk | +6.10 | ||
| Omega ratioGain probability vs. loss probability | 1.99 | 1.14 | +0.85 |
| Calmar ratioReturn relative to maximum drawdown | 9.81 | 1.02 | +8.79 |
| Martin ratioReturn relative to average drawdown | 43.35 | 2.48 | +40.87 |
Loading charts...
Drawdowns
IBTH vs. MGOV - Drawdown Comparison
The maximum IBTH drawdown since its inception was -16.16%, which is greater than MGOV's maximum drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for IBTH and MGOV.
Loading charts...
Drawdown Indicators
| IBTH | MGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -6.11% | -10.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -3.53% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.92% | -6.11% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -3.28% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -1.65% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.44% | -1.35% |
Volatility
IBTH vs. MGOV - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is 0.21%, while First Trust Intermediate Government Opportunities ETF (MGOV) has a volatility of 1.18%. This indicates that IBTH experiences smaller price fluctuations and is considered to be less risky than MGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTH | MGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 1.18% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 3.41% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.99% | 4.42% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 5.87% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 5.87% | -1.72% |
IBTH vs. MGOV - Expense Ratio Comparison
IBTH has a 0.07% expense ratio, which is lower than MGOV's 0.65% expense ratio.
Dividends
IBTH vs. MGOV - Dividend Comparison
IBTH's dividend yield for the trailing twelve months is around 3.81%, less than MGOV's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.47% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% |
MGOV First Trust Intermediate Government Opportunities ETF | 4.96% | 4.95% | 5.05% | 1.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTH and MGOV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGOV has higher volatility (1.18%) compared to IBTH (0.21%). In terms of maximum drawdown, IBTH dropped -16.16% vs MGOV's -6.11%.
On 1-year performance, IBTH leads with 3.20% vs 2.59% for MGOV. On fees, IBTH is cheaper at 0.07% per year. On volatility, IBTH has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBTH has performed better with a 3.20% return vs 2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTH is cheaper with a 0.07% expense ratio, compared with 0.65% for MGOV.
MGOV has the higher dividend yield at 4.96%, compared with 3.47% for IBTH.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.07% for IBTH and 0.65% for MGOV.
IBTH currently has the higher Sharpe Ratio (3.79 vs 0.81), 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.
Find the right allocation for IBTH and MGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer