IDTL.L vs. GGOV.L
IDTL.L (iShares Treasury Bond 20+ UCITS) and GGOV.L (Amundi Index J.P. Morgan GBI Global Govies) are both exchange-traded funds - IDTL.L is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while GGOV.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, IDTL.L returned -6.07%/yr vs -3.23%/yr for GGOV.L. At a 0.47 correlation, their price movements are largely independent. IDTL.L charges 0.07%/yr vs 0.10%/yr for GGOV.L.
Performance
IDTL.L vs. GGOV.L - Performance Comparison
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Different Trading Currencies
IDTL.L is traded in USD, while GGOV.L is traded in GBp. To make them comparable, the GGOV.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IDTL.L having a -1.14% return and GGOV.L slightly lower at -1.16%.
IDTL.L
- 1D
- 0.36%
- 1M
- 0.66%
- YTD
- -1.14%
- 6M
- -1.07%
- 1Y
- 3.86%
- 3Y*
- -1.56%
- 5Y*
- -6.07%
- 10Y*
- -1.51%
GGOV.L
- 1D
- 0.20%
- 1M
- -0.12%
- YTD
- -1.16%
- 6M
- -0.81%
- 1Y
- -0.32%
- 3Y*
- 1.17%
- 5Y*
- -3.23%
- 10Y*
- —
IDTL.L vs. GGOV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IDTL.L iShares Treasury Bond 20+ UCITS | -1.14% | 4.67% | -7.18% | 2.22% | -30.42% | -4.71% | 17.11% | -0.84% |
GGOV.L Amundi Index J.P. Morgan GBI Global Govies | -1.16% | 6.24% | -3.46% | 3.23% | -17.30% | -6.55% | 9.85% | -1.00% |
Correlation
The correlation between IDTL.L and GGOV.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.47 |
The correlation between IDTL.L and GGOV.L shifts across timeframes, from 0.47 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IDTL.L vs. GGOV.L — Risk / Return Rank
IDTL.L
GGOV.L
IDTL.L vs. GGOV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Bond 20+ UCITS (IDTL.L) and Amundi Index J.P. Morgan GBI Global Govies (GGOV.L). 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.
| IDTL.L | GGOV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.00 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | -0.08 | +0.58 |
| Martin ratioReturn relative to average drawdown | 1.27 | -0.18 | +1.45 |
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
| IDTL.L | GGOV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | -0.05 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.46 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.28 | +0.20 |
Drawdowns
IDTL.L vs. GGOV.L - Drawdown Comparison
The maximum IDTL.L drawdown since its inception was -48.31%, which is greater than GGOV.L's maximum drawdown of -28.02%. Use the drawdown chart below to compare losses from any high point for IDTL.L and GGOV.L.
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Drawdown Indicators
| IDTL.L | GGOV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -28.02% | -20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -4.10% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -8.11% | -10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -25.66% | -17.29% |
Max Drawdown (10Y)Largest decline over 10 years | -48.31% | — | — |
Current DrawdownCurrent decline from peak | -40.36% | -19.41% | -20.95% |
Average DrawdownAverage peak-to-trough decline | -20.41% | -15.43% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.74% | +1.29% |
Volatility
IDTL.L vs. GGOV.L - Volatility Comparison
iShares Treasury Bond 20+ UCITS (IDTL.L) has a higher volatility of 3.32% compared to Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) at 2.05%. This indicates that IDTL.L's price experiences larger fluctuations and is considered to be riskier than GGOV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDTL.L | GGOV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.05% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 4.55% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 6.18% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 9.20% | +5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 9.50% | +5.11% |
IDTL.L vs. GGOV.L - Expense Ratio Comparison
IDTL.L has a 0.07% expense ratio, which is lower than GGOV.L's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IDTL.L vs. GGOV.L - Dividend Comparison
IDTL.L's dividend yield for the trailing twelve months is around 4.36%, while GGOV.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGOV.L Amundi Index J.P. Morgan GBI Global Govies | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDTL.L iShares Treasury Bond 20+ UCITS | 4.36% | 4.31% | 4.65% | 3.79% | 3.01% | 1.74% | 1.76% | 2.49% | 2.79% | 2.60% | 2.63% | 2.14% |
Frequently Asked Questions
IDTL.L and GGOV.L 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.
On fees, IDTL.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDTL.L is cheaper with a 0.07% expense ratio, compared with 0.10% for GGOV.L.
IDTL.L is categorized as Government Bonds, while GGOV.L is Global Bonds. IDTL.L tracks ICE U.S. Treasury 20+ Year Bond Index, while GGOV.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IDTL.L and 0.10% for GGOV.L.
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