TROT vs. GGOV
TROT (Invesco MSCI Treasury Duration Rotation ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - TROT is a Government Bonds fund tracking the MSCI Treasury Duration Rotation Index, while GGOV is a Global Bonds fund managed by iShares. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
TROT vs. GGOV - Performance Comparison
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Returns By Period
TROT
- 1D
- -0.12%
- 1M
- 0.09%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.32%
- 1M
- 0.47%
- YTD
- 2.94%
- 6M
- 2.71%
- 1Y
- 0.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TROT vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TROT Invesco MSCI Treasury Duration Rotation ETF | -0.34% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 3.02% |
Correlation
The correlation between TROT and GGOV is 0.57, 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 Feb 25, 2026 | 0.57 |
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Return for Risk
TROT vs. GGOV — Risk / Return Rank
TROT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GGOV
TROT vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Treasury Duration Rotation ETF (TROT) 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.
| TROT | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.01 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.05 | — |
| Martin ratioReturn relative to average drawdown | — | 0.12 | — |
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Drawdowns
TROT vs. GGOV - Drawdown Comparison
The maximum TROT drawdown since its inception was -1.29%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for TROT and GGOV.
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Drawdown Indicators
| TROT | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.29% | -4.69% | +3.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.69% | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.89% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -1.55% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.11% | — |
Volatility
TROT vs. GGOV - Volatility Comparison
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Volatility by Period
| TROT | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.97% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 5.27% | -3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.11% | 5.25% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.11% | 5.25% | -3.14% |
Dividends
TROT vs. GGOV - Dividend Comparison
TROT's dividend yield for the trailing twelve months is around 1.16%, while GGOV has not paid dividends to shareholders.
| Position | TTM |
|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% |
TROT Invesco MSCI Treasury Duration Rotation ETF | 1.16% |
Frequently Asked Questions
TROT and GGOV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TROT has the higher dividend yield at 1.16%, compared with 0.00% for GGOV.
TROT is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Invesco and iShares.
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