IEF vs. GGOV
IEF (iShares 7-10 Year Treasury Bond ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while GGOV is a Global Bonds fund managed by iShares. A 0.65 correlation means they provide meaningful diversification when combined. IEF charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
IEF vs. GGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IEF achieves a -0.66% return, which is significantly lower than GGOV's 2.30% return.
IEF
- 1D
- -0.25%
- 1M
- -0.08%
- YTD
- -0.66%
- 6M
- -1.17%
- 1Y
- 4.06%
- 3Y*
- 2.47%
- 5Y*
- -1.14%
- 10Y*
- 0.63%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEF vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.66% | 2.79% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between IEF 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 27, 2025 | 0.65 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEF vs. GGOV — Risk / Return Rank
IEF
GGOV
IEF vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) 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.
| IEF | 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 | 1.00 | — | — |
| Martin ratioReturn relative to average drawdown | 2.98 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IEF | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.11 | +0.61 |
Drawdowns
IEF vs. GGOV - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IEF and GGOV.
Loading charts...
Drawdown Indicators
| IEF | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -4.69% | -19.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -11.35% | -1.50% | -9.85% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -1.59% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | — | — |
Volatility
IEF vs. GGOV - Volatility Comparison
Loading charts...
Volatility by Period
| IEF | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 5.38% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 5.38% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 5.38% | +1.24% |
IEF vs. GGOV - Expense Ratio Comparison
IEF has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
IEF vs. GGOV - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.90%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.90% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
IEF 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.
On fees, IEF is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEF is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
IEF has the higher dividend yield at 3.90%, compared with 0.00% for GGOV.
IEF is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.15% for IEF and 0.39% for GGOV.
Find the right allocation for IEF and GGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer