IBTQ vs. GGOV
IBTQ (iShares iBonds Dec 2035 Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IBTQ is a Government Bonds fund tracking the ICE 2035 Maturity US Treasury Index, while GGOV is a Global Bonds fund managed by iShares. A 0.64 correlation means they provide meaningful diversification when combined. IBTQ charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
IBTQ vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IBTQ achieves a -0.68% return, which is significantly lower than GGOV's 2.30% return.
IBTQ
- 1D
- -0.28%
- 1M
- -0.05%
- YTD
- -0.68%
- 6M
- -1.21%
- 1Y
- 4.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTQ vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBTQ iShares iBonds Dec 2035 Term Treasury ETF | -0.68% | 3.04% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between IBTQ and GGOV is 0.64, 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 | 0.64 |
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Return for Risk
IBTQ vs. GGOV — Risk / Return Rank
IBTQ
GGOV
IBTQ vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2035 Term Treasury ETF (IBTQ) 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.
| IBTQ | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | — | — |
| Martin ratioReturn relative to average drawdown | 3.06 | — | — |
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
| IBTQ | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | -0.11 | +0.77 |
Drawdowns
IBTQ vs. GGOV - Drawdown Comparison
The maximum IBTQ drawdown since its inception was -4.27%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IBTQ and GGOV.
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Drawdown Indicators
| IBTQ | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.27% | -4.69% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | — | — |
Current DrawdownCurrent decline from peak | -2.92% | -1.50% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -1.59% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | — | — |
Volatility
IBTQ vs. GGOV - Volatility Comparison
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Volatility by Period
| IBTQ | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.02% | 5.38% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 5.38% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 5.38% | +0.24% |
IBTQ vs. GGOV - Expense Ratio Comparison
IBTQ has a 0.07% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
IBTQ vs. GGOV - Dividend Comparison
IBTQ's dividend yield for the trailing twelve months is around 3.72%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% |
IBTQ iShares iBonds Dec 2035 Term Treasury ETF | 3.72% | 2.80% |
Frequently Asked Questions
IBTQ and GGOV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTQ is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTQ is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBTQ has the higher dividend yield at 3.72%, compared with 0.00% for GGOV.
IBTQ is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.07% for IBTQ and 0.39% for GGOV.
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