XFIV vs. GGOV
XFIV (BondBloxx Bloomberg Five Year Target Duration US Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - XFIV is a Government Bonds fund tracking the Bloomberg US Treasury 5 Year Target Duration Index, while GGOV is a Global Bonds fund managed by iShares. A 0.62 correlation means they provide meaningful diversification when combined. XFIV charges 0.05%/yr vs 0.39%/yr for GGOV.
Performance
XFIV vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, XFIV achieves a -0.47% return, which is significantly lower than GGOV's 2.30% return.
XFIV
- 1D
- -0.18%
- 1M
- -0.16%
- YTD
- -0.47%
- 6M
- -0.68%
- 1Y
- 3.51%
- 3Y*
- 3.51%
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XFIV vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | -0.47% | 2.53% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between XFIV 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
XFIV vs. GGOV — Risk / Return Rank
XFIV
GGOV
XFIV vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV) 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.
| XFIV | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | — | — |
| Martin ratioReturn relative to average drawdown | 3.61 | — | — |
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
| XFIV | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | -0.11 | +0.72 |
Drawdowns
XFIV vs. GGOV - Drawdown Comparison
The maximum XFIV drawdown since its inception was -6.38%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for XFIV and GGOV.
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Drawdown Indicators
| XFIV | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.38% | -4.69% | -1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | — | — |
Current DrawdownCurrent decline from peak | -2.15% | -1.50% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -1.59% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | — | — |
Volatility
XFIV vs. GGOV - Volatility Comparison
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Volatility by Period
| XFIV | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 5.38% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 5.38% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 5.38% | +0.04% |
XFIV vs. GGOV - Expense Ratio Comparison
XFIV has a 0.05% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
XFIV vs. GGOV - Dividend Comparison
XFIV's dividend yield for the trailing twelve months is around 3.82%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | 3.82% | 4.05% | 3.92% | 3.63% | 1.06% |
Frequently Asked Questions
XFIV 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, XFIV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFIV is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
XFIV has the higher dividend yield at 3.82%, compared with 0.00% for GGOV.
XFIV is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.05% for XFIV and 0.39% for GGOV.
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