SLDR vs. GGOV

Last updated Jun 24, 2026

SLDR (Global X Short-Term Treasury Ladder ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - SLDR is a Government Bonds fund tracking the FTSE US Treasury 1-3 Years Laddered Bond Index, while GGOV is a Global Bonds fund managed by iShares. At a 0.45 correlation, their price movements are largely independent. SLDR charges 0.12%/yr vs 0.39%/yr for GGOV.

Performance

SLDR vs. GGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Short-Term Treasury Ladder ETF (SLDR) 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, SLDR achieves a 0.35% return, which is significantly lower than GGOV's 2.75% return.

SLDR

• 1D: 0.07%
• 1M: 0.29%
• YTD: 0.35%
• 6M: 0.49%
• 1Y: 2.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GGOV

• 1D: 0.02%
• 1M: 0.60%
• YTD: 2.75%
• 6M: 2.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLDR vs. GGOV - Yearly Performance Comparison

	2026 (YTD)	2025
SLDR Global X Short-Term Treasury Ladder ETF	0.35%	2.33%
GGOV iShares Global Government Bond USD Hedged Active ETF	2.75%	-2.80%

Correlation

The correlation between SLDR and GGOV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.45

Return for Risk

SLDR vs. GGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLDR

SLDR Risk / Return Rank: 77
SLDR Sharpe Ratio Rank: 74
SLDR Sortino Ratio Rank: 83
SLDR Omega Ratio Rank: 90
SLDR Calmar Ratio Rank: 69
SLDR Martin Ratio Rank: 70

GGOV

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLDR vs. GGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Short-Term Treasury Ladder ETF (SLDR) 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.

	SLDR	GGOV	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	3.37	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	3.15	—	—
Martin ratio: Return relative to average drawdown	11.79	—	—

Drawdowns

SLDR vs. GGOV - Drawdown Comparison

The maximum SLDR drawdown since its inception was -0.87%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for SLDR and GGOV.

Drawdown Indicators

	SLDR	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-4.69%	+3.82%
Max Drawdown (1Y) Largest decline over 1 year	-0.87%	—	—
Current Drawdown Current decline from peak	-0.24%	-1.06%	+0.82%
Average Drawdown Average peak-to-trough decline	-0.14%	-1.57%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	SLDR	GGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.28%	5.28%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.25%	5.28%	-4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.25%	5.28%	-4.03%

SLDR vs. GGOV - Expense Ratio Comparison

SLDR has a 0.12% expense ratio, which is lower than GGOV's 0.39% expense ratio.

Dividends

SLDR vs. GGOV - Dividend Comparison

SLDR's dividend yield for the trailing twelve months is around 3.72%, while GGOV has not paid dividends to shareholders.

Position	TTM	2025	2024
GGOV iShares Global Government Bond USD Hedged Active ETF	0.00%	0.00%	0.00%
SLDR Global X Short-Term Treasury Ladder ETF	3.72%	3.80%	0.98%

Frequently Asked Questions

Can I hold both SLDR and GGOV in my portfolio?

SLDR and GGOV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLDR or GGOV?

On fees, SLDR is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLDR or GGOV?

SLDR is cheaper with a 0.12% expense ratio, compared with 0.39% for GGOV.

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

SLDR has the higher dividend yield at 3.72%, compared with 0.00% for GGOV.

What is the main difference between SLDR and GGOV?

SLDR is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Global X and iShares. Their fees differ too: 0.12% for SLDR and 0.39% for GGOV.