XTWO vs. GGOV
XTWO (BondBloxx Bloomberg Two Year Target Duration US Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - XTWO is a Government Bonds fund tracking the Bloomberg US Treasury 2 Year Target Duration Index, while GGOV is a Global Bonds fund managed by iShares. A 0.53 correlation means they provide meaningful diversification when combined. XTWO charges 0.05%/yr vs 0.39%/yr for GGOV.
Performance
XTWO vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, XTWO achieves a 0.41% return, which is significantly lower than GGOV's 2.30% return.
XTWO
- 1D
- -0.03%
- 1M
- 0.08%
- YTD
- 0.41%
- 6M
- 0.67%
- 1Y
- 3.42%
- 3Y*
- 4.12%
- 5Y*
- —
- 10Y*
- —
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTWO vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 0.41% | 2.32% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between XTWO and GGOV is 0.53, 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 | 0.53 |
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Return for Risk
XTWO vs. GGOV — Risk / Return Rank
XTWO
GGOV
XTWO vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) 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.
| XTWO | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.52 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | — | — |
| Martin ratioReturn relative to average drawdown | 13.59 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XTWO | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.74 | -0.11 | +1.85 |
Drawdowns
XTWO vs. GGOV - Drawdown Comparison
The maximum XTWO drawdown since its inception was -1.73%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for XTWO and GGOV.
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Drawdown Indicators
| XTWO | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -4.69% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.91% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -1.50% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -1.59% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | — | — |
Volatility
XTWO vs. GGOV - Volatility Comparison
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Volatility by Period
| XTWO | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 5.38% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 5.38% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.16% | 5.38% | -3.22% |
XTWO vs. GGOV - Expense Ratio Comparison
XTWO has a 0.05% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
XTWO vs. GGOV - Dividend Comparison
XTWO'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% |
XTWO BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 4.05% | 4.24% | 4.54% | 4.07% | 1.13% |
Frequently Asked Questions
XTWO and GGOV have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTWO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTWO is cheaper with a 0.05% expense ratio, compared with 0.39% for GGOV.
XTWO has the higher dividend yield at 4.05%, compared with 0.00% for GGOV.
XTWO 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 XTWO and 0.39% for GGOV.
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