TFLO vs. GGOV
TFLO (iShares Treasury Floating Rate Bond ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index, while GGOV is a Global Bonds fund managed by iShares. At a 0.00 correlation, their price movements are largely independent. TFLO charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
TFLO vs. GGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TFLO achieves a 1.59% return, which is significantly lower than GGOV's 2.30% return.
TFLO
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.59%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.63%
- 10Y*
- 2.37%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TFLO vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 2.12% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between TFLO and GGOV is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TFLO vs. GGOV — Risk / Return Rank
TFLO
GGOV
TFLO vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) 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.
| TFLO | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 13.94 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 201.22 | — | — |
| Martin ratioReturn relative to average drawdown | 823.26 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TFLO | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 14.09 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 5.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | -0.11 | +1.10 |
Drawdowns
TFLO vs. GGOV - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for TFLO and GGOV.
Loading charts...
Drawdown Indicators
| TFLO | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -4.69% | -0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -0.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.50% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -1.59% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | — | — |
Volatility
TFLO vs. GGOV - Volatility Comparison
Loading charts...
Volatility by Period
| TFLO | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.28% | 5.38% | -5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 5.38% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.46% | 5.38% | -4.92% |
TFLO vs. GGOV - Expense Ratio Comparison
TFLO has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
TFLO vs. GGOV - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 3.90%, 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% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.90% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
TFLO and GGOV have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TFLO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TFLO is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
TFLO has the higher dividend yield at 3.90%, compared with 0.00% for GGOV.
TFLO is categorized as Government Bonds, while GGOV is Global Bonds. Their fees differ too: 0.15% for TFLO and 0.39% for GGOV.
Find the right allocation for TFLO and GGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer