JPIB vs. GGOV
JPIB (JPMorgan International Bond Opportunities ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both Global Bonds funds. Over the past year, JPIB returned 4.39% vs 0.02% for GGOV. At a 0.38 correlation, their price movements are largely independent. JPIB charges 0.50%/yr vs 0.39%/yr for GGOV.
Performance
JPIB vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, JPIB achieves a 1.01% return, which is significantly lower than GGOV's 2.47% return.
JPIB
- 1D
- -0.07%
- 1M
- -0.41%
- 6M
- 0.35%
- YTD
- 1.01%
- 1Y
- 4.39%
- 3Y*
- 5.87%
- 5Y*
- 2.80%
- 10Y*
- —
GGOV
- 1D
- -0.18%
- 1M
- -0.40%
- 6M
- 3.01%
- YTD
- 2.47%
- 1Y
- 0.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPIB vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 1.01% | 3.34% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.47% | -2.80% |
Correlation
The correlation between JPIB and GGOV is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.38 |
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Return for Risk
JPIB vs. GGOV — Risk / Return Rank
JPIB
GGOV
JPIB vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) 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.
| JPIB | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.01 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.00 | +1.17 |
| Martin ratioReturn relative to average drawdown | 3.97 | 0.01 | +3.96 |
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Drawdowns
JPIB vs. GGOV - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for JPIB and GGOV.
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Drawdown Indicators
| JPIB | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -4.69% | -8.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -4.69% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -1.34% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -1.54% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.12% | -1.01% |
Volatility
JPIB vs. GGOV - Volatility Comparison
The current volatility for JPMorgan International Bond Opportunities ETF (JPIB) is 0.71%, while iShares Global Government Bond USD Hedged Active ETF (GGOV) has a volatility of 0.88%. This indicates that JPIB experiences smaller price fluctuations and is considered to be less risky than GGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIB | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.88% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 3.62% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 5.29% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 5.18% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.43% | 5.18% | -0.75% |
JPIB vs. GGOV - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than GGOV's 0.39% expense ratio.
Dividends
JPIB vs. GGOV - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 4.94%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
JPIB JPMorgan International Bond Opportunities ETF | 4.94% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% |
Frequently Asked Questions
JPIB and GGOV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGOV has higher volatility (0.88%) compared to JPIB (0.71%). In terms of maximum drawdown, JPIB dropped -13.13% vs GGOV's -4.69%.
On 1-year performance, JPIB leads with 4.39% vs 0.02% for GGOV. On fees, GGOV is cheaper at 0.39% per year. On volatility, JPIB has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JPIB has performed better with a 4.39% return vs 0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GGOV is cheaper with a 0.39% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 4.94%, compared with 0.00% for GGOV.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.50% for JPIB and 0.39% for GGOV.
JPIB currently has the higher Sharpe Ratio (1.24 vs 0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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