XTWY vs. GGOV
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - XTWY is a Government Bonds fund tracking the Bloomberg US Treasury 20 Year Target Duration Index, while GGOV is a Global Bonds fund actively managed by iShares. XTWY is passively managed, while GGOV is actively managed. Over the past year, XTWY returned -4.02% vs -0.54% for GGOV. Their 0.61 correlation means they have sometimes moved together and sometimes differently. XTWY charges 0.12%/yr vs 0.39%/yr for GGOV.
Performance
XTWY vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, XTWY achieves a -4.63% return, which is significantly lower than GGOV's 2.49% return.
XTWY
- 1D
- -0.90%
- 1M
- -5.01%
- 6M
- -4.62%
- YTD
- -4.63%
- 1Y
- -4.02%
- 3Y*
- -3.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.67%
GGOV
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 2.93%
- YTD
- 2.49%
- 1Y
- -0.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $61.82M | $62.54M | $76.81M | |
| $1.02M | $1.21M | $1.83M |
XTWY vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -4.63% | 1.93% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.49% | -2.80% |
Correlation
The correlation between XTWY and GGOV is 0.60, 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. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.61 |
The correlation between XTWY and GGOV has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
XTWY vs. GGOV — Risk / Return Rank
XTWY
GGOV
XTWY vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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.
| XTWY | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.01 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 0.01 | -0.28 |
| Martin ratioReturn relative to average drawdown | -0.57 | 0.03 | -0.59 |
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Drawdowns
XTWY vs. GGOV - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, which is greater than GGOV's maximum drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for XTWY and GGOV.
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Drawdown Indicators
| XTWY | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -4.69% | -21.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -4.69% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | — | — |
Current DrawdownCurrent decline from peak | -18.88% | -1.32% | -17.56% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -1.54% | -10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 2.15% | +2.44% |
Volatility
XTWY vs. GGOV - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to iShares Global Government Bond USD Hedged Active ETF (GGOV) at 0.77%. This indicates that XTWY'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
| XTWY | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 0.77% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 3.57% | +4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 5.25% | +5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 5.09% | +12.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 5.09% | +12.32% |
XTWY vs. GGOV - Expense Ratio Comparison
XTWY has a 0.13% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
XTWY vs. GGOV - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, 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% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.49% | 4.56% | 4.65% | 3.86% | 1.08% |
Frequently Asked Questions
XTWY and GGOV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTWY has higher volatility (3.06%) compared to GGOV (0.77%). In terms of maximum drawdown, XTWY dropped -25.92% vs GGOV's -4.69%.
On 1-year performance, GGOV leads with -0.54% vs -4.02% for XTWY. On fees, XTWY is cheaper at 0.12% per year. On volatility, GGOV has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GGOV has performed better with a -0.54% return vs -4.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWY is cheaper with a 0.12% expense ratio, compared with 0.39% for GGOV.
XTWY has the higher dividend yield at 4.49%, compared with 0.00% for GGOV.
XTWY is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.12% for XTWY and 0.39% for GGOV.
GGOV currently has the higher Sharpe Ratio (0.01 vs -0.23), 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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