XHLF vs. GGOV
XHLF (BondBloxx Bloomberg Six Month Target Duration US Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - XHLF is a Government Bonds fund tracking the Bloomberg US Treasury 6 Month Duration Index, while GGOV is a Global Bonds fund actively managed by iShares. XHLF is passively managed, while GGOV is actively managed. Over the past year, XHLF returned 3.75% vs -0.42% for GGOV. Their 0.06 correlation means their historical movements had little consistent relationship. XHLF charges 0.03%/yr vs 0.39%/yr for GGOV.
Performance
XHLF vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, XHLF achieves a 1.99% return, which is significantly lower than GGOV's 2.61% return.
XHLF
- 1D
- 0.03%
- 1M
- 0.27%
- 6M
- 1.72%
- YTD
- 1.99%
- 1Y
- 3.75%
- 3Y*
- 4.54%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.39%
GGOV
- 1D
- 0.12%
- 1M
- -0.10%
- 6M
- 3.17%
- YTD
- 2.61%
- 1Y
- -0.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.16M | $62.50M | $78.51M | |
| $12.43M | $15.71M | $17.34M |
XHLF vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 1.99% | 2.20% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
Correlation
The correlation between XHLF and GGOV is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.06 |
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Return for Risk
XHLF vs. GGOV — Risk / Return Rank
XHLF
GGOV
XHLF vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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.
| XHLF | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.41 | ||
| Sortino ratioReturn per unit of downside risk | +41.71 | ||
| Omega ratioGain probability vs. loss probability | 10.26 | 0.99 | +9.27 |
| Calmar ratioReturn relative to maximum drawdown | 94.58 | -0.09 | +94.67 |
| Martin ratioReturn relative to average drawdown | 614.05 | -0.19 | +614.24 |
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Drawdowns
XHLF vs. GGOV - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for XHLF and GGOV.
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Drawdown Indicators
| XHLF | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.11% | -4.69% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -4.69% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.20% | +1.20% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -1.54% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.15% | -2.14% |
Volatility
XHLF vs. GGOV - Volatility Comparison
The current volatility for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) is 0.09%, while iShares Global Government Bond USD Hedged Active ETF (GGOV) has a volatility of 0.78%. This indicates that XHLF experiences smaller price fluctuations and is considered to be less risky 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
| XHLF | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 0.78% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 3.57% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.31% | 5.22% | -4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.41% | 5.08% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.41% | 5.08% | -4.67% |
XHLF vs. GGOV - Expense Ratio Comparison
XHLF has a 0.03% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
XHLF vs. GGOV - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 3.81%, 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% |
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 3.81% | 3.98% | 4.96% | 4.50% | 0.86% |
Frequently Asked Questions
XHLF and GGOV have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGOV has higher volatility (0.78%) compared to XHLF (0.09%). In terms of maximum drawdown, XHLF dropped -0.11% vs GGOV's -4.69%.
On 1-year performance, XHLF leads with 3.75% vs -0.42% for GGOV. On fees, XHLF is cheaper at 0.03% per year. On volatility, XHLF has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XHLF has performed better with a 3.75% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XHLF is cheaper with a 0.03% expense ratio, compared with 0.39% for GGOV.
XHLF has the higher dividend yield at 3.81%, compared with 0.00% for GGOV.
XHLF is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.03% for XHLF and 0.39% for GGOV.
XHLF currently has the higher Sharpe Ratio (12.33 vs -0.08), 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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