IGOV vs. BND.TO
Compare and contrast key facts about iShares International Treasury Bond ETF (IGOV) and Purpose Global Bond Fund (BND.TO).
IGOV and BND.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGOV is a passively managed fund by iShares that tracks the performance of the S&P/Citigroup International Treasury Bond Index Ex-US. It was launched on Jan 21, 2009.
Performance
IGOV vs. BND.TO - Performance Comparison
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IGOV vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGOV iShares International Treasury Bond ETF | -1.19% | 9.96% | -6.50% | 5.57% | -22.07% | -9.25% | 10.88% | 3.76% | -2.60% | 11.38% |
BND.TO Purpose Global Bond Fund | -2.42% | 12.37% | -1.00% | 10.92% | -13.97% | 3.61% | 8.27% | 9.36% | -8.60% | 8.74% |
Different Trading Currencies
IGOV is traded in USD, while BND.TO is traded in CAD. To make them comparable, the BND.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGOV achieves a -1.19% return, which is significantly higher than BND.TO's -2.42% return. Over the past 10 years, IGOV has underperformed BND.TO with an annualized return of -1.31%, while BND.TO has yielded a comparatively higher 2.23% annualized return.
IGOV
- 1D
- 0.25%
- 1M
- -3.12%
- YTD
- -1.19%
- 6M
- -2.10%
- 1Y
- 5.60%
- 3Y*
- 1.45%
- 5Y*
- -4.17%
- 10Y*
- -1.31%
BND.TO
- 1D
- 0.34%
- 1M
- -3.54%
- YTD
- -2.42%
- 6M
- -0.34%
- 1Y
- 7.36%
- 3Y*
- 5.54%
- 5Y*
- 0.97%
- 10Y*
- 2.23%
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IGOV vs. BND.TO - Expense Ratio Comparison
Return for Risk
IGOV vs. BND.TO — Risk / Return Rank
IGOV
BND.TO
IGOV vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Treasury Bond ETF (IGOV) and Purpose Global Bond Fund (BND.TO). 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.
| IGOV | BND.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 1.14 | -0.51 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.74 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.56 | -0.52 |
Martin ratioReturn relative to average drawdown | 2.75 | 5.47 | -2.72 |
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
| IGOV | BND.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.14 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.11 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.15 | 0.25 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.27 | -0.26 |
Correlation
The correlation between IGOV and BND.TO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IGOV vs. BND.TO - Dividend Comparison
IGOV's dividend yield for the trailing twelve months is around 1.43%, less than BND.TO's 5.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGOV iShares International Treasury Bond ETF | 1.43% | 1.41% | 0.59% | 0.00% | 0.11% | 0.39% | 0.00% | 0.24% | 0.31% | 0.19% | 0.69% | 0.12% |
BND.TO Purpose Global Bond Fund | 5.90% | 5.70% | 5.24% | 5.20% | 4.14% | 3.89% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
Drawdowns
IGOV vs. BND.TO - Drawdown Comparison
The maximum IGOV drawdown since its inception was -35.88%, which is greater than BND.TO's maximum drawdown of -26.02%. Use the drawdown chart below to compare losses from any high point for IGOV and BND.TO.
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Drawdown Indicators
| IGOV | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.88% | -16.55% | -19.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -2.97% | -2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -33.17% | -12.23% | -20.94% |
Max Drawdown (10Y)Largest decline over 10 years | -35.88% | -16.55% | -19.33% |
Current DrawdownCurrent decline from peak | -24.53% | -2.37% | -22.16% |
Average DrawdownAverage peak-to-trough decline | -10.89% | -2.09% | -8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 0.79% | +1.36% |
Volatility
IGOV vs. BND.TO - Volatility Comparison
iShares International Treasury Bond ETF (IGOV) has a higher volatility of 3.57% compared to Purpose Global Bond Fund (BND.TO) at 1.85%. This indicates that IGOV's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGOV | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 1.85% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.30% | 3.96% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.04% | 6.53% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.87% | 8.92% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.58% | 9.00% | -0.42% |