UTHY vs. GGOV
UTHY (US Treasury 30 Year Bond ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - UTHY is a Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while GGOV is a Global Bonds fund actively managed by iShares. UTHY is passively managed, while GGOV is actively managed. Over the past year, UTHY returned -1.50% vs 0.23% for GGOV. Their 0.61 correlation means they have sometimes moved together and sometimes differently. UTHY charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
UTHY vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, UTHY achieves a -2.44% return, which is significantly lower than GGOV's 3.08% return.
UTHY
- 1D
- 0.77%
- 1M
- -2.84%
- 6M
- -2.13%
- YTD
- -2.44%
- 1Y
- -1.50%
- 3Y*
- -1.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.02%
GGOV
- 1D
- 0.46%
- 1M
- 0.36%
- 6M
- 3.80%
- YTD
- 3.08%
- 1Y
- 0.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.29M | $62.99M | $79.71M | |
| $5.77M | $5.13M | $5.93M |
UTHY vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UTHY US Treasury 30 Year Bond ETF | -2.44% | 2.07% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 3.08% | -2.80% |
Correlation
The correlation between UTHY 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 | 0.61 |
The correlation between UTHY and GGOV has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
UTHY vs. GGOV — Risk / Return Rank
UTHY
GGOV
UTHY vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) 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.
| UTHY | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.01 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.05 | -0.25 |
| Martin ratioReturn relative to average drawdown | -0.44 | 0.11 | -0.54 |
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Drawdowns
UTHY vs. GGOV - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for UTHY and GGOV.
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Drawdown Indicators
| UTHY | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -4.69% | -17.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -4.69% | -2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | — | — |
Current DrawdownCurrent decline from peak | -13.30% | -0.75% | -12.55% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -1.53% | -9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.15% | +1.31% |
Volatility
UTHY vs. GGOV - Volatility Comparison
US Treasury 30 Year Bond ETF (UTHY) has a higher volatility of 2.54% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.91%. This indicates that UTHY'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
| UTHY | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.91% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 3.60% | +3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 5.23% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 5.09% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.46% | 5.09% | +8.37% |
UTHY vs. GGOV - Expense Ratio Comparison
UTHY has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
UTHY vs. GGOV - Dividend Comparison
UTHY's dividend yield for the trailing twelve months is around 4.81%, 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% |
UTHY US Treasury 30 Year Bond ETF | 4.81% | 4.53% | 4.58% | 2.81% |
Frequently Asked Questions
UTHY 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.
UTHY has higher volatility (2.54%) compared to GGOV (0.91%). In terms of maximum drawdown, UTHY dropped -21.86% vs GGOV's -4.69%.
On 1-year performance, GGOV leads with 0.23% vs -1.50% for UTHY. On fees, UTHY is cheaper at 0.15% per year. On volatility, GGOV has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GGOV has performed better with a 0.23% return vs -1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTHY is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
UTHY has the higher dividend yield at 4.81%, compared with 0.00% for GGOV.
UTHY 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 UTHY and 0.39% for GGOV.
GGOV currently has the higher Sharpe Ratio (0.04 vs -0.17), 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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