VGLT vs. GGOV
VGLT (Vanguard Long-Term Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - VGLT is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index, while GGOV is a Global Bonds fund managed by iShares. A 0.62 correlation means they provide meaningful diversification when combined. VGLT charges 0.03%/yr vs 0.39%/yr for GGOV.
Performance
VGLT vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, VGLT achieves a -0.41% return, which is significantly lower than GGOV's 2.30% return.
VGLT
- 1D
- -0.40%
- 1M
- 0.71%
- YTD
- -0.41%
- 6M
- -1.68%
- 1Y
- 5.25%
- 3Y*
- -0.72%
- 5Y*
- -5.30%
- 10Y*
- -1.10%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGLT vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGLT Vanguard Long-Term Treasury ETF | -0.41% | 2.41% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between VGLT 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
VGLT vs. GGOV — Risk / Return Rank
VGLT
GGOV
VGLT vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury ETF (VGLT) 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.
| VGLT | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | — | — |
| Martin ratioReturn relative to average drawdown | 1.96 | — | — |
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
| VGLT | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | -0.11 | +0.30 |
Drawdowns
VGLT vs. GGOV - Drawdown Comparison
The maximum VGLT drawdown since its inception was -46.18%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for VGLT and GGOV.
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Drawdown Indicators
| VGLT | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.18% | -4.69% | -41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.18% | — | — |
Current DrawdownCurrent decline from peak | -36.83% | -1.50% | -35.33% |
Average DrawdownAverage peak-to-trough decline | -15.06% | -1.59% | -13.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | — | — |
Volatility
VGLT vs. GGOV - Volatility Comparison
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Volatility by Period
| VGLT | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.88% | 5.38% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 5.38% | +9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 5.38% | +8.43% |
VGLT vs. GGOV - Expense Ratio Comparison
VGLT has a 0.03% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
VGLT vs. GGOV - Dividend Comparison
VGLT's dividend yield for the trailing twelve months is around 4.61%, 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% |
VGLT Vanguard Long-Term Treasury ETF | 4.61% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
VGLT 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, VGLT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.39% for GGOV.
VGLT has the higher dividend yield at 4.61%, compared with 0.00% for GGOV.
VGLT 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 VGLT and 0.39% for GGOV.
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