XONE vs. GGOV
XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index, while GGOV is a Global Bonds fund managed by iShares. At a 0.38 correlation, their price movements are largely independent. XONE charges 0.03%/yr vs 0.39%/yr for GGOV.
Performance
XONE vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, XONE achieves a 1.16% return, which is significantly lower than GGOV's 2.73% return.
XONE
- 1D
- -0.03%
- 1M
- 0.13%
- YTD
- 1.16%
- 6M
- 1.27%
- 1Y
- 3.62%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.18%
- 1M
- 0.58%
- YTD
- 2.73%
- 6M
- 2.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XONE vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.16% | 2.33% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.73% | -2.80% |
Correlation
The correlation between XONE and GGOV is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.38 |
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Return for Risk
XONE vs. GGOV — Risk / Return Rank
XONE
GGOV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XONE vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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.
| XONE | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 3.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 22.71 | — | — |
| Martin ratioReturn relative to average drawdown | 121.24 | — | — |
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Drawdowns
XONE vs. GGOV - Drawdown Comparison
The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for XONE and GGOV.
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Drawdown Indicators
| XONE | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -4.69% | +4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.28% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.08% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -1.57% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | — | — |
Volatility
XONE vs. GGOV - Volatility Comparison
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Volatility by Period
| XONE | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.56% | 5.29% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 5.29% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 5.29% | -4.43% |
XONE vs. GGOV - Expense Ratio Comparison
XONE has a 0.03% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
XONE vs. GGOV - Dividend Comparison
XONE's dividend yield for the trailing twelve months is around 4.06%, 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% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% |
Frequently Asked Questions
XONE and GGOV have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XONE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XONE is cheaper with a 0.03% expense ratio, compared with 0.39% for GGOV.
XONE has the higher dividend yield at 4.06%, compared with 0.00% for GGOV.
XONE 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 XONE and 0.39% for GGOV.
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