SCHR vs. GGOV
SCHR (Schwab Intermediate-Term U.S. Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index, while GGOV is a Global Bonds fund managed by iShares. A 0.63 correlation means they provide meaningful diversification when combined. SCHR charges 0.05%/yr vs 0.39%/yr for GGOV.
Performance
SCHR vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SCHR achieves a -0.43% return, which is significantly lower than GGOV's 2.30% return.
SCHR
- 1D
- -0.16%
- 1M
- -0.15%
- YTD
- -0.43%
- 6M
- -0.59%
- 1Y
- 3.55%
- 3Y*
- 3.41%
- 5Y*
- 0.05%
- 10Y*
- 1.23%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHR vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.43% | 2.54% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between SCHR and GGOV is 0.63, 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 | 0.63 |
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Return for Risk
SCHR vs. GGOV — Risk / Return Rank
SCHR
GGOV
SCHR vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Intermediate-Term U.S. Treasury ETF (SCHR) 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.
| SCHR | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | — | — |
| Martin ratioReturn relative to average drawdown | 3.82 | — | — |
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
| SCHR | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.11 | +0.56 |
Drawdowns
SCHR vs. GGOV - Drawdown Comparison
The maximum SCHR drawdown since its inception was -16.11%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for SCHR and GGOV.
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Drawdown Indicators
| SCHR | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.11% | -4.69% | -11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -2.37% | -1.50% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -1.59% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | — | — |
Volatility
SCHR vs. GGOV - Volatility Comparison
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Volatility by Period
| SCHR | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 5.38% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 5.38% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 5.38% | -0.91% |
SCHR vs. GGOV - Expense Ratio Comparison
SCHR has a 0.05% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
SCHR vs. GGOV - Dividend Comparison
SCHR's dividend yield for the trailing twelve months is around 3.92%, 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% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.92% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
SCHR and GGOV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SCHR is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
SCHR has the higher dividend yield at 3.92%, compared with 0.00% for GGOV.
SCHR is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.05% for SCHR and 0.39% for GGOV.
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