SCHQ vs. GGOV
SCHQ (Schwab Long-Term U.S. Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - SCHQ is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index, while GGOV is a Global Bonds fund managed by iShares. A 0.61 correlation means they provide meaningful diversification when combined. SCHQ charges 0.03%/yr vs 0.39%/yr for GGOV.
Performance
SCHQ vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SCHQ achieves a -0.43% return, which is significantly lower than GGOV's 2.30% return.
SCHQ
- 1D
- -0.45%
- 1M
- 0.65%
- YTD
- -0.43%
- 6M
- -1.74%
- 1Y
- 5.22%
- 3Y*
- -0.72%
- 5Y*
- -5.29%
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHQ vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCHQ Schwab Long-Term U.S. Treasury ETF | -0.43% | 2.38% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between SCHQ and GGOV is 0.61, 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 | 0.61 |
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Return for Risk
SCHQ vs. GGOV — Risk / Return Rank
SCHQ
GGOV
SCHQ vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Long-Term U.S. Treasury ETF (SCHQ) 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.
| SCHQ | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | — | — |
| Martin ratioReturn relative to average drawdown | 1.94 | — | — |
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
| SCHQ | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | -0.11 | -0.14 |
Drawdowns
SCHQ vs. GGOV - Drawdown Comparison
The maximum SCHQ drawdown since its inception was -46.13%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for SCHQ and GGOV.
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Drawdown Indicators
| SCHQ | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.13% | -4.69% | -41.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.93% | — | — |
Current DrawdownCurrent decline from peak | -36.82% | -1.50% | -35.32% |
Average DrawdownAverage peak-to-trough decline | -26.36% | -1.59% | -24.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | — | — |
Volatility
SCHQ vs. GGOV - Volatility Comparison
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Volatility by Period
| SCHQ | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.93% | 5.38% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 5.38% | +9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 5.38% | +9.95% |
SCHQ vs. GGOV - Expense Ratio Comparison
SCHQ has a 0.03% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
SCHQ vs. GGOV - Dividend Comparison
SCHQ's dividend yield for the trailing twelve months is around 4.79%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
SCHQ Schwab Long-Term U.S. Treasury ETF | 4.79% | 4.54% | 4.58% | 3.79% | 2.88% | 1.69% | 1.51% | 0.44% |
Frequently Asked Questions
SCHQ and GGOV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCHQ is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHQ is cheaper with a 0.03% expense ratio, compared with 0.39% for GGOV.
SCHQ has the higher dividend yield at 4.79%, compared with 0.00% for GGOV.
SCHQ is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHQ and 0.39% for GGOV.
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