IBTR vs. GGOV
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 actively managed by iShares. IBTR is passively managed, while GGOV is actively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. IBTR charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
IBTR vs. GGOV - Performance Comparison
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Returns By Period
IBTR
- 1D
- -0.38%
- 1M
- -1.56%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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 | |
| $481.12K | $362.65K | $277.01K |
IBTR vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBTR iShares iBonds Dec 2036 Term Treasury ETF | -1.13% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 1.87% |
Correlation
The correlation between IBTR and GGOV is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.64 |
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Return for Risk
IBTR vs. GGOV — Risk / Return Rank
IBTR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GGOV
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.
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.
| IBTR | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.01 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.01 | — |
| Martin ratioReturn relative to average drawdown | — | 0.03 | — |
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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.
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Drawdown Indicators
| IBTR | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -4.69% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.69% | — |
Current DrawdownCurrent decline from peak | -2.36% | -1.32% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -1.54% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.15% | — |
Volatility
IBTR vs. GGOV - Volatility Comparison
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Volatility by Period
| IBTR | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 5.25% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 5.09% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 5.09% | +0.19% |
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 1.01%, 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 | 1.01% |
Frequently Asked Questions
IBTR 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, IBTR is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTR is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
IBTR has the higher dividend yield at 1.01%, compared with 0.00% for 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.
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