UFIV vs. GGOV
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 actively managed by iShares. UFIV is passively managed, while GGOV is actively managed. Over the past year, UFIV returned 0.67% vs -0.54% for GGOV. Their 0.62 correlation means they have sometimes moved together and sometimes differently. UFIV charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
UFIV vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, UFIV achieves a -0.91% return, which is significantly lower than GGOV's 2.49% return.
UFIV
- 1D
- -0.20%
- 1M
- -0.63%
- 6M
- -0.93%
- YTD
- -0.91%
- 1Y
- 0.67%
- 3Y*
- 3.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.61%
GGOV
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 2.93%
- YTD
- 2.49%
- 1Y
- -0.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $61.82M | $62.54M | $76.81M | |
| $406.18K | $300.38K | $296.57K |
UFIV vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UFIV F/m US Treasury 5 Year Note ETF | -0.91% | 2.46% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.49% | -2.80% |
Correlation
The correlation between UFIV and GGOV is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.62 |
The correlation between UFIV and GGOV has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
UFIV vs. GGOV — Risk / Return Rank
UFIV
GGOV
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.
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.
| UFIV | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.01 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 0.01 | +0.59 |
| Martin ratioReturn relative to average drawdown | 1.34 | 0.03 | +1.31 |
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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.
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Drawdown Indicators
| UFIV | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -4.69% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -4.69% | +1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -1.32% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -1.54% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.15% | -0.94% |
Volatility
UFIV vs. GGOV - Volatility Comparison
F/m US Treasury 5 Year Note ETF (UFIV) has a higher volatility of 0.82% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.77%. This indicates that UFIV's price experiences larger fluctuations and is considered to be riskier than GGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UFIV | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.77% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 3.57% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 5.25% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.33% | 5.09% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 5.09% | -0.76% |
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 3.93%, 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 | 3.62% | 3.66% | 4.00% | 2.96% |
Frequently Asked Questions
UFIV and GGOV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFIV has higher volatility (0.82%) compared to GGOV (0.77%). In terms of maximum drawdown, UFIV dropped -5.63% vs GGOV's -4.69%.
On 1-year performance, UFIV leads with 0.67% vs -0.54% for GGOV. On fees, UFIV is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UFIV has performed better with a 0.67% return vs -0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UFIV is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
UFIV has the higher dividend yield at 3.62%, compared with 0.00% for 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.
UFIV currently has the higher Sharpe Ratio (0.51 vs 0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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