XTEN vs. GGOV
XTEN (BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - XTEN is a Government Bonds fund tracking the Bloomberg US Treasury 10 Year Target Duration Index, while GGOV is a Global Bonds fund managed by iShares. A 0.64 correlation means they provide meaningful diversification when combined. XTEN charges 0.07%/yr vs 0.39%/yr for GGOV.
Performance
XTEN vs. GGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTEN achieves a -0.54% return, which is significantly lower than GGOV's 2.30% return.
XTEN
- 1D
- -0.35%
- 1M
- 0.25%
- YTD
- -0.54%
- 6M
- -1.22%
- 1Y
- 4.81%
- 3Y*
- 1.73%
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTEN vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | -0.54% | 2.88% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between XTEN and GGOV is 0.64, 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 | 0.64 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XTEN vs. GGOV — Risk / Return Rank
XTEN
GGOV
XTEN vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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.
| XTEN | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | — | — |
| Martin ratioReturn relative to average drawdown | 2.59 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XTEN | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -0.11 | +0.27 |
Drawdowns
XTEN vs. GGOV - Drawdown Comparison
The maximum XTEN drawdown since its inception was -13.86%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for XTEN and GGOV.
Loading charts...
Drawdown Indicators
| XTEN | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.86% | -4.69% | -9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | — | — |
Current DrawdownCurrent decline from peak | -3.51% | -1.50% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -1.59% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | — | — |
Volatility
XTEN vs. GGOV - Volatility Comparison
Loading charts...
Volatility by Period
| XTEN | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 5.38% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.56% | 5.38% | +4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 5.38% | +4.18% |
XTEN vs. GGOV - Expense Ratio Comparison
XTEN has a 0.08% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
XTEN vs. GGOV - Dividend Comparison
XTEN's dividend yield for the trailing twelve months is around 4.40%, 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% |
XTEN BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 4.40% | 4.05% | 4.21% | 3.71% | 1.04% |
Frequently Asked Questions
XTEN and GGOV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTEN is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTEN is cheaper with a 0.07% expense ratio, compared with 0.39% for GGOV.
XTEN has the higher dividend yield at 4.40%, compared with 0.00% for GGOV.
XTEN is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.07% for XTEN and 0.39% for GGOV.
Find the right allocation for XTEN and GGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer