UFIV vs. GGOV

Last updated Jun 4, 2026

UFIV (F/m US Treasury 5 Year Note ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - UFIV is a Government Bonds fund tracking the ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while GGOV is a Global Bonds fund managed by iShares. A 0.62 correlation means they provide meaningful diversification when combined. UFIV charges 0.15%/yr vs 0.39%/yr for GGOV.

Performance

UFIV vs. GGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m US Treasury 5 Year Note ETF (UFIV) 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, UFIV achieves a -0.60% return, which is significantly lower than GGOV's 2.30% return.

UFIV

• 1D: -0.15%
• 1M: -0.24%
• YTD: -0.60%
• 6M: -0.75%
• 1Y: 2.93%
• 3Y*: 3.12%
• 5Y*: —
• 10Y*: —

GGOV

• 1D: -0.16%
• 1M: 0.60%
• YTD: 2.30%
• 6M: -1.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UFIV vs. GGOV - Yearly Performance Comparison

	2026 (YTD)	2025
UFIV F/m US Treasury 5 Year Note ETF	-0.60%	2.19%
GGOV iShares Global Government Bond USD Hedged Active ETF	2.30%	-2.81%

Correlation

The correlation between UFIV and GGOV is 0.62, 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	0.62

Return for Risk

UFIV vs. GGOV — Risk / Return Rank

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

UFIV

UFIV Risk / Return Rank: 25
UFIV Sharpe Ratio Rank: 26
UFIV Sortino Ratio Rank: 26
UFIV Omega Ratio Rank: 24
UFIV Calmar Ratio Rank: 24
UFIV Martin Ratio Rank: 25

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.

UFIV vs. GGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 5 Year Note ETF (UFIV) 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.

	UFIV	GGOV	Difference
Sharpe ratio Return per unit of total volatility	0.92	—	—
Sortino ratio Return per unit of downside risk	1.39	—	—
Omega ratio Gain probability vs. loss probability	1.16	—	—
Calmar ratio Return relative to maximum drawdown	1.09	—	—
Martin ratio Return relative to average drawdown	3.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UFIV	GGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	-0.11	+0.75

Drawdowns

UFIV vs. GGOV - Drawdown Comparison

The maximum UFIV drawdown since its inception was -5.63%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for UFIV and GGOV.

Drawdown Indicators

	UFIV	GGOV	Difference
Max Drawdown Largest peak-to-trough decline	-5.63%	-4.69%	-0.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.03%	—	—
Current Drawdown Current decline from peak	-2.08%	-1.50%	-0.58%
Average Drawdown Average peak-to-trough decline	-1.56%	-1.59%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	—	—

Volatility

Volatility by Period

	UFIV	GGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.20%	5.38%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.38%	5.38%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.38%	5.38%	-1.00%

UFIV vs. GGOV - Expense Ratio Comparison

UFIV has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.

Dividends

UFIV vs. GGOV - Dividend Comparison

UFIV's dividend yield for the trailing twelve months is around 3.57%, while GGOV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GGOV iShares Global Government Bond USD Hedged Active ETF	0.00%	0.00%	0.00%	0.00%
UFIV F/m US Treasury 5 Year Note ETF	3.57%	3.66%	4.00%	2.96%

Frequently Asked Questions

Can I hold both UFIV and GGOV in my portfolio?

UFIV and GGOV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UFIV or GGOV?

On fees, UFIV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UFIV or GGOV?

UFIV is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.

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

UFIV has the higher dividend yield at 3.57%, compared with 0.00% for GGOV.

What is the main difference between UFIV and GGOV?

UFIV is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: US Benchmark Series and iShares. Their fees differ too: 0.15% for UFIV and 0.39% for GGOV.