IBTJ vs. GGOV
IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IBTJ is a Government Bonds fund tracking the ICE 2029 Maturity US Treasury Index, while GGOV is a Global Bonds fund managed by iShares. A 0.60 correlation means they provide meaningful diversification when combined. IBTJ charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
IBTJ vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IBTJ achieves a -0.10% return, which is significantly lower than GGOV's 2.30% return.
IBTJ
- 1D
- -0.14%
- 1M
- -0.10%
- YTD
- -0.10%
- 6M
- 0.01%
- 1Y
- 3.49%
- 3Y*
- 3.51%
- 5Y*
- 0.06%
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTJ vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | -0.10% | 2.38% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between IBTJ and GGOV is 0.60, 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 | 0.60 |
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Return for Risk
IBTJ vs. GGOV — Risk / Return Rank
IBTJ
GGOV
IBTJ vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) 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.
| IBTJ | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | — | — |
| Martin ratioReturn relative to average drawdown | 6.23 | — | — |
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
| IBTJ | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | -0.11 | +0.09 |
Drawdowns
IBTJ vs. GGOV - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IBTJ and GGOV.
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Drawdown Indicators
| IBTJ | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -4.69% | -15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | — | — |
Current DrawdownCurrent decline from peak | -6.30% | -1.50% | -4.80% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -1.59% | -8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | — | — |
Volatility
IBTJ vs. GGOV - Volatility Comparison
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Volatility by Period
| IBTJ | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 5.38% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 5.38% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 5.38% | +0.61% |
IBTJ vs. GGOV - Expense Ratio Comparison
IBTJ has a 0.07% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
IBTJ vs. GGOV - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.81%, 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% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.81% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% |
Frequently Asked Questions
IBTJ and GGOV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTJ is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTJ is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBTJ has the higher dividend yield at 3.81%, compared with 0.00% for GGOV.
IBTJ is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.07% for IBTJ and 0.39% for GGOV.
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