NXUS vs. GGOV

Last updated Jun 7, 2026

NXUS (Nuveen International Aggregate Bond ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both Global Bonds funds. A 0.52 correlation means they provide meaningful diversification when combined. NXUS charges 0.08%/yr vs 0.39%/yr for GGOV.

Performance

NXUS vs. GGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen International Aggregate Bond ETF (NXUS) and iShares Global Government Bond USD Hedged Active ETF (GGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXUS achieves a 0.48% return, which is significantly lower than GGOV's 1.87% return.

NXUS

• 1D: -0.14%
• 1M: 0.26%
• YTD: 0.48%
• 6M: 0.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGOV

• 1D: -0.28%
• 1M: -0.33%
• YTD: 1.87%
• 6M: -1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NXUS vs. GGOV - Yearly Performance Comparison

	2026 (YTD)	2025
NXUS Nuveen International Aggregate Bond ETF	0.48%	0.61%
GGOV iShares Global Government Bond USD Hedged Active ETF	1.87%	-2.67%

Correlation

The correlation between NXUS and GGOV is 0.52, 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 Sep 25, 2025	0.52

Return for Risk

NXUS vs. GGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen International Aggregate Bond ETF (NXUS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NXUS	GGOV	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	-0.20	+0.62

Drawdowns

NXUS vs. GGOV - Drawdown Comparison

The maximum NXUS drawdown since its inception was -2.81%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for NXUS and GGOV.

Drawdown Indicators

	NXUS	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-2.81%	-4.69%	+1.88%
Current Drawdown Current decline from peak	-1.33%	-1.91%	+0.58%
Average Drawdown Average peak-to-trough decline	-0.91%	-1.59%	+0.68%

Volatility

Volatility by Period

	NXUS	GGOV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.73%	5.37%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.73%	5.37%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.73%	5.37%	-1.64%

NXUS vs. GGOV - Expense Ratio Comparison

NXUS has a 0.08% expense ratio, which is lower than GGOV's 0.39% expense ratio.

Dividends

NXUS vs. GGOV - Dividend Comparison

NXUS's dividend yield for the trailing twelve months is around 1.67%, while GGOV has not paid dividends to shareholders.

Position	TTM	2025
GGOV iShares Global Government Bond USD Hedged Active ETF	0.00%	0.00%
NXUS Nuveen International Aggregate Bond ETF	1.67%	0.39%

Frequently Asked Questions

Can I hold both NXUS and GGOV in my portfolio?

NXUS and GGOV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NXUS or GGOV?

On fees, NXUS is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NXUS or GGOV?

NXUS is cheaper with a 0.08% expense ratio, compared with 0.39% for GGOV.

Which ETF pays a higher dividend yield, NXUS or GGOV?

NXUS has the higher dividend yield at 1.67%, compared with 0.00% for GGOV.

What is the main difference between NXUS and GGOV?

They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.08% for NXUS and 0.39% for GGOV.