IBTR vs. GGOV

Last updated Jun 6, 2026

IBTR (iShares iBonds Dec 2036 Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IBTR is a Government Bonds fund tracking the ICE 2036 Maturity US Treasury Index, while GGOV is a Global Bonds fund managed by iShares. A 0.66 correlation means they provide meaningful diversification when combined. IBTR charges 0.07%/yr vs 0.39%/yr for GGOV.

Performance

IBTR vs. GGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2036 Term Treasury ETF (IBTR) and iShares Global Government Bond USD Hedged Active ETF (GGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBTR

• 1D: -0.48%
• 1M: -1.04%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGOV

• 1D: -0.28%
• 1M: -0.75%
• YTD: 1.87%
• 6M: -1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBTR vs. GGOV - Yearly Performance Comparison

	2026 (YTD)
IBTR iShares iBonds Dec 2036 Term Treasury ETF	-0.01%
GGOV iShares Global Government Bond USD Hedged Active ETF	1.18%

Correlation

The correlation between IBTR and GGOV is 0.66, 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 Mar 27, 2026	0.66

Return for Risk

IBTR vs. GGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2036 Term Treasury ETF (IBTR) 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.

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

Sharpe Ratios by Period

	IBTR	GGOV	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.20	+0.19

Drawdowns

IBTR vs. GGOV - Drawdown Comparison

The maximum IBTR drawdown since its inception was -2.88%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IBTR and GGOV.

Drawdown Indicators

	IBTR	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-4.69%	+1.81%
Current Drawdown Current decline from peak	-1.69%	-1.91%	+0.22%
Average Drawdown Average peak-to-trough decline	-0.89%	-1.59%	+0.70%

Volatility

Volatility by Period

	IBTR	GGOV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.39%	5.37%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.39%	5.37%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.39%	5.37%	+0.02%

IBTR vs. GGOV - Expense Ratio Comparison

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

Dividends

IBTR vs. GGOV - Dividend Comparison

IBTR's dividend yield for the trailing twelve months is around 0.67%, while GGOV has not paid dividends to shareholders.

Position	TTM
GGOV iShares Global Government Bond USD Hedged Active ETF	0.00%
IBTR iShares iBonds Dec 2036 Term Treasury ETF	0.67%

Frequently Asked Questions

Can I hold both IBTR and GGOV in my portfolio?

IBTR and GGOV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBTR or GGOV?

On fees, IBTR 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, IBTR or GGOV?

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

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

IBTR has the higher dividend yield at 0.67%, compared with 0.00% for GGOV.

What is the main difference between IBTR and GGOV?

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