IEI vs. GGOV
IEI (iShares 3-7 Year Treasury Bond ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while GGOV is a Global Bonds fund managed by iShares. A 0.62 correlation means they provide meaningful diversification when combined. IEI charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
IEI vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IEI achieves a -0.42% return, which is significantly lower than GGOV's 2.30% return.
IEI
- 1D
- -0.13%
- 1M
- -0.17%
- YTD
- -0.42%
- 6M
- -0.49%
- 1Y
- 3.28%
- 3Y*
- 3.52%
- 5Y*
- 0.23%
- 10Y*
- 1.28%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEI vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.42% | 2.39% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between IEI and GGOV is 0.62, 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 | 0.62 |
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Return for Risk
IEI vs. GGOV — Risk / Return Rank
IEI
GGOV
IEI vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) 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.
| IEI | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | — | — |
| Martin ratioReturn relative to average drawdown | 3.96 | — | — |
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
| IEI | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.11 | +0.81 |
Drawdowns
IEI vs. GGOV - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for IEI and GGOV.
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Drawdown Indicators
| IEI | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -4.69% | -9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -1.50% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -1.59% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | — | — |
Volatility
IEI vs. GGOV - Volatility Comparison
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Volatility by Period
| IEI | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 5.38% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 5.38% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 5.38% | -1.45% |
IEI vs. GGOV - Expense Ratio Comparison
IEI has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
IEI vs. GGOV - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.64%, 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% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.64% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
IEI and GGOV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEI is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEI is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
IEI has the higher dividend yield at 3.64%, compared with 0.00% for GGOV.
IEI is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.15% for IEI and 0.39% for GGOV.
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