VGIT vs. GGOV
VGIT (Vanguard Intermediate-Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index, while GGOV is a Global Bonds fund managed by iShares. A 0.62 correlation means they provide meaningful diversification when combined. VGIT charges 0.03%/yr vs 0.39%/yr for GGOV.
Performance
VGIT vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, VGIT achieves a -0.32% return, which is significantly lower than GGOV's 2.16% return.
VGIT
- 1D
- 0.14%
- 1M
- -0.08%
- YTD
- -0.32%
- 6M
- -0.27%
- 1Y
- 3.19%
- 3Y*
- 3.44%
- 5Y*
- 0.07%
- 10Y*
- 1.26%
GGOV
- 1D
- -0.14%
- 1M
- -0.11%
- YTD
- 2.16%
- 6M
- -1.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGIT vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGIT Vanguard Intermediate-Term Treasury ETF | -0.32% | 2.55% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.16% | -2.81% |
Correlation
The correlation between VGIT 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 |
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Return for Risk
VGIT vs. GGOV — Risk / Return Rank
VGIT
GGOV
VGIT vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury ETF (VGIT) 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.
| VGIT | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | — | — |
| Martin ratioReturn relative to average drawdown | 3.36 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGIT | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.14 | +0.64 |
Drawdowns
VGIT vs. GGOV - Drawdown Comparison
The maximum VGIT drawdown since its inception was -16.05%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for VGIT and GGOV.
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Drawdown Indicators
| VGIT | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.05% | -4.69% | -11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -16.05% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -1.64% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -1.59% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
VGIT vs. GGOV - Volatility Comparison
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Volatility by Period
| VGIT | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 5.37% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 5.37% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 5.37% | -0.87% |
VGIT vs. GGOV - Expense Ratio Comparison
VGIT has a 0.03% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
VGIT vs. GGOV - Dividend Comparison
VGIT's dividend yield for the trailing twelve months is around 3.86%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
VGIT 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.
On fees, VGIT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.39% for GGOV.
VGIT has the higher dividend yield at 3.86%, compared with 0.00% for GGOV.
VGIT is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VGIT and 0.39% for GGOV.
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