XSVN vs. GGOV
XSVN (BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - XSVN is a Government Bonds fund tracking the Bloomberg US Treasury 7 Year Target Duration Index, while GGOV is a Global Bonds fund actively managed by iShares. XSVN is passively managed, while GGOV is actively managed. Over the past year, XSVN returned 0.90% vs -0.42% for GGOV. Their 0.64 correlation means they have sometimes moved together and sometimes differently. XSVN charges 0.05%/yr vs 0.39%/yr for GGOV.
Performance
XSVN vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, XSVN achieves a -1.18% return, which is significantly lower than GGOV's 2.61% return.
XSVN
- 1D
- 0.20%
- 1M
- -1.14%
- 6M
- -0.81%
- YTD
- -1.18%
- 1Y
- 0.90%
- 3Y*
- 3.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.18%
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 | |
| $2.74M | $3.08M | $3.27M |
XSVN vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XSVN BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF | -1.18% | 3.21% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.61% | -2.80% |
Correlation
The correlation between XSVN and GGOV is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.64 |
The correlation between XSVN and GGOV has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.
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Return for Risk
XSVN vs. GGOV — Risk / Return Rank
XSVN
GGOV
XSVN vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (XSVN) 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.
| XSVN | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.99 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | -0.09 | +0.31 |
| Martin ratioReturn relative to average drawdown | 0.52 | -0.19 | +0.72 |
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Drawdowns
XSVN vs. GGOV - Drawdown Comparison
The maximum XSVN drawdown since its inception was -9.45%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for XSVN and GGOV.
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Drawdown Indicators
| XSVN | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.45% | -4.69% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.01% | -4.69% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -6.61% | — | — |
Current DrawdownCurrent decline from peak | -3.34% | -1.20% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -1.54% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.15% | -0.44% |
Volatility
XSVN vs. GGOV - Volatility Comparison
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (XSVN) has a higher volatility of 1.20% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.78%. This indicates that XSVN's price experiences larger fluctuations and is considered to be riskier 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
| XSVN | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.78% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 3.57% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.43% | 5.22% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 5.08% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 5.08% | +2.02% |
XSVN vs. GGOV - Expense Ratio Comparison
XSVN has a 0.05% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
XSVN vs. GGOV - Dividend Comparison
XSVN's dividend yield for the trailing twelve months is around 4.05%, 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% |
XSVN BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF | 4.05% | 4.06% | 4.17% | 3.49% | 1.04% |
Frequently Asked Questions
XSVN 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.
XSVN has higher volatility (1.20%) compared to GGOV (0.78%). In terms of maximum drawdown, XSVN dropped -9.45% vs GGOV's -4.69%.
On 1-year performance, XSVN leads with 0.90% vs -0.42% for GGOV. On fees, XSVN is cheaper at 0.05% per year. On volatility, GGOV has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XSVN has performed better with a 0.90% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSVN is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
XSVN has the higher dividend yield at 4.05%, compared with 0.00% for GGOV.
XSVN 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 XSVN and 0.39% for GGOV.
XSVN currently has the higher Sharpe Ratio (0.20 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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