IBTQ vs. GGOV

Last updated Jun 25, 2026

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 0.65 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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2035 Term Treasury ETF (IBTQ) 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, IBTQ achieves a 0.16% return, which is significantly lower than GGOV's 2.84% return.

IBTQ

• 1D: 0.66%
• 1M: 1.25%
• YTD: 0.16%
• 6M: -0.02%
• 1Y: 3.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGOV

• 1D: 0.09%
• 1M: 0.69%
• YTD: 2.84%
• 6M: 2.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBTQ vs. GGOV - Yearly Performance Comparison

	2026 (YTD)	2025
IBTQ iShares iBonds Dec 2035 Term Treasury ETF	0.16%	3.39%
GGOV iShares Global Government Bond USD Hedged Active ETF	2.84%	-2.80%

Correlation

The correlation between IBTQ and GGOV is 0.65, 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 26, 2025	0.65

Return for Risk

IBTQ vs. GGOV — Risk / Return Rank

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

IBTQ

IBTQ Risk / Return Rank: 21
IBTQ Sharpe Ratio Rank: 22
IBTQ Sortino Ratio Rank: 21
IBTQ Omega Ratio Rank: 19
IBTQ Calmar Ratio Rank: 20
IBTQ Martin Ratio Rank: 21

GGOV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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.

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.

	IBTQ	GGOV	Difference
Sharpe ratio: Return per unit of total volatility	0.73	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.85	—	—
Martin ratio: Return relative to average drawdown	2.30	—	—

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.

Drawdown Indicators

	IBTQ	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-4.27%	-4.69%	+0.42%
Max Drawdown (1Y) Largest decline over 1 year	-4.27%	—	—
Current Drawdown Current decline from peak	-2.10%	-0.98%	-1.12%
Average Drawdown Average peak-to-trough decline	-1.46%	-1.56%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	—	—

Volatility

Volatility by Period

	IBTQ	GGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.98%	5.27%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.63%	5.27%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.63%	5.27%	+0.36%

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 3.69%, 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	3.69%	2.80%

Frequently Asked Questions

Can I hold both IBTQ and GGOV in my portfolio?

IBTQ and GGOV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBTQ or GGOV?

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.

Which ETF is cheaper, IBTQ or GGOV?

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

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

IBTQ has the higher dividend yield at 3.69%, compared with 0.00% for GGOV.

What is the main difference between IBTQ and 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.