TRSY vs. GGOV
TRSY (Xtrackers US 0-1 Year Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while GGOV is a Global Bonds fund managed by iShares. Over the past year, TRSY returned 3.88% vs 0.04% for GGOV. At a 0.09 correlation, their price movements are largely independent. TRSY charges 0.06%/yr vs 0.39%/yr for GGOV.
Performance
TRSY vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, TRSY achieves a 1.65% return, which is significantly lower than GGOV's 2.92% return.
TRSY
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.65%
- 6M
- 1.72%
- 1Y
- 3.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- 0.07%
- 1M
- 0.58%
- YTD
- 2.92%
- 6M
- 2.69%
- 1Y
- 0.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TRSY vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TRSY Xtrackers US 0-1 Year Treasury ETF | 1.65% | 2.20% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.92% | -2.80% |
Correlation
The correlation between TRSY and GGOV is 0.09, 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 26, 2025 | 0.09 |
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Return for Risk
TRSY vs. GGOV — Risk / Return Rank
TRSY
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TRSY vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US 0-1 Year Treasury ETF (TRSY) 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.
| TRSY | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 6.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 58.82 | — | — |
| Martin ratioReturn relative to average drawdown | 353.48 | — | — |
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Drawdowns
TRSY vs. GGOV - Drawdown Comparison
The maximum TRSY drawdown since its inception was -0.82%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for TRSY and GGOV.
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Drawdown Indicators
| TRSY | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.82% | -4.69% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -4.69% | +4.62% |
Current DrawdownCurrent decline from peak | -0.00% | -0.91% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -1.56% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | — | — |
Volatility
TRSY vs. GGOV - Volatility Comparison
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Volatility by Period
| TRSY | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.39% | 5.26% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.09% | 5.26% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 5.26% | -4.17% |
TRSY vs. GGOV - Expense Ratio Comparison
TRSY has a 0.06% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
TRSY vs. GGOV - Dividend Comparison
TRSY'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% |
TRSY Xtrackers US 0-1 Year Treasury ETF | 3.72% | 4.00% | 0.96% |
Frequently Asked Questions
TRSY and GGOV have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TRSY leads with 3.88% vs 0.04% for GGOV. On fees, TRSY is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TRSY has performed better with a 3.88% return vs 0.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TRSY is cheaper with a 0.06% expense ratio, compared with 0.39% for GGOV.
TRSY has the higher dividend yield at 3.72%, compared with 0.00% for GGOV.
TRSY is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for TRSY and 0.39% for GGOV.
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