IBTK vs. GGOV

Last updated Jun 4, 2026

IBTK (iShares iBonds Dec 2030 Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IBTK is a Government Bonds fund tracking the ICE 2030 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. IBTK charges 0.07%/yr vs 0.39%/yr for GGOV.

Performance

IBTK vs. GGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2030 Term Treasury ETF (IBTK) 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, IBTK achieves a -0.34% return, which is significantly lower than GGOV's 2.30% return.

IBTK

• 1D: -0.13%
• 1M: -0.14%
• YTD: -0.34%
• 6M: -0.40%
• 1Y: 3.46%
• 3Y*: 3.17%
• 5Y*: -0.54%
• 10Y*: —

GGOV

• 1D: -0.16%
• 1M: 0.60%
• YTD: 2.30%
• 6M: -1.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBTK vs. GGOV - Yearly Performance Comparison

	2026 (YTD)	2025
IBTK iShares iBonds Dec 2030 Term Treasury ETF	-0.34%	2.43%
GGOV iShares Global Government Bond USD Hedged Active ETF	2.30%	-2.81%

Correlation

The correlation between IBTK 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

Return for Risk

IBTK vs. GGOV — Risk / Return Rank

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

IBTK

IBTK Risk / Return Rank: 31
IBTK Sharpe Ratio Rank: 32
IBTK Sortino Ratio Rank: 33
IBTK Omega Ratio Rank: 29
IBTK Calmar Ratio Rank: 31
IBTK Martin Ratio Rank: 30

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.

IBTK vs. GGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Treasury ETF (IBTK) 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.

	IBTK	GGOV	Difference
Sharpe ratio: Return per unit of total volatility	1.13	—	—
Sortino ratio: Return per unit of downside risk	1.73	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.51	—	—
Martin ratio: Return relative to average drawdown	4.39	—	—
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

	IBTK	GGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	-0.11	-0.14

Drawdowns

IBTK vs. GGOV - Drawdown Comparison

The maximum IBTK drawdown since its inception was -22.84%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IBTK and GGOV.

Drawdown Indicators

	IBTK	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-22.84%	-4.69%	-18.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.22%	—	—
Current Drawdown Current decline from peak	-9.87%	-1.50%	-8.37%
Average Drawdown Average peak-to-trough decline	-12.57%	-1.59%	-10.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	—	—

Volatility

Volatility by Period

	IBTK	GGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.07%	5.38%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.78%	5.38%	+1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.57%	5.38%	+1.19%

IBTK vs. GGOV - Expense Ratio Comparison

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

Dividends

IBTK vs. GGOV - Dividend Comparison

IBTK's dividend yield for the trailing twelve months is around 3.80%, 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%
IBTK iShares iBonds Dec 2030 Term Treasury ETF	3.80%	3.79%	3.93%	3.05%	2.27%	0.84%	0.26%

Frequently Asked Questions

Can I hold both IBTK and GGOV in my portfolio?

IBTK 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.

Which ETF is better, IBTK or GGOV?

On fees, IBTK 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, IBTK or GGOV?

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

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

IBTK has the higher dividend yield at 3.80%, compared with 0.00% for GGOV.

What is the main difference between IBTK and GGOV?

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