IBTK vs. GGOV
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 actively managed by iShares. IBTK is passively managed, while GGOV is actively managed. Over the past year, IBTK returned 1.31% vs -0.54% for GGOV. Their 0.62 correlation means they have sometimes moved together and sometimes differently. IBTK charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
IBTK vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IBTK achieves a -0.44% return, which is significantly lower than GGOV's 2.49% return.
IBTK
- 1D
- -0.15%
- 1M
- -0.44%
- 6M
- -0.49%
- YTD
- -0.44%
- 1Y
- 1.31%
- 3Y*
- 3.74%
- 5Y*
- -1.16%
- 10Y*
- —
- ALL TIME*
- -1.61%
GGOV
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 2.93%
- YTD
- 2.49%
- 1Y
- -0.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $61.82M | $62.54M | $76.81M | |
| $4.95M | $6.46M | $4.99M |
IBTK vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | -0.44% | 2.64% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.49% | -2.80% |
Correlation
The correlation between IBTK and GGOV is 0.61, 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. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.62 |
The correlation between IBTK and GGOV has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
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Return for Risk
IBTK vs. GGOV — Risk / Return Rank
IBTK
GGOV
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.
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.
| IBTK | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.01 | +0.98 |
| Martin ratioReturn relative to average drawdown | 2.25 | 0.03 | +2.22 |
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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.
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Drawdown Indicators
| IBTK | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -4.69% | -18.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -4.69% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | — | — |
Current DrawdownCurrent decline from peak | -9.96% | -1.32% | -8.64% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -1.54% | -10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.15% | -1.14% |
Volatility
IBTK vs. GGOV - Volatility Comparison
The current volatility for iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is 0.70%, while iShares Global Government Bond USD Hedged Active ETF (GGOV) has a volatility of 0.77%. This indicates that IBTK 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
| IBTK | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.77% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 3.57% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 5.25% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 5.09% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.50% | 5.09% | +1.41% |
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 | 3.47% | 3.79% | 3.93% | 3.05% | 2.27% | 0.84% | 0.26% |
Frequently Asked Questions
IBTK and GGOV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGOV has higher volatility (0.77%) compared to IBTK (0.70%). In terms of maximum drawdown, IBTK dropped -22.84% vs GGOV's -4.69%.
On 1-year performance, IBTK leads with 1.31% vs -0.54% for GGOV. On fees, IBTK is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBTK has performed better with a 1.31% return vs -0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTK is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBTK has the higher dividend yield at 3.47%, compared with 0.00% for 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.
IBTK currently has the higher Sharpe Ratio (0.77 vs 0.01), 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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