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Launched · SEC filings

iShares Global Government Bond USD Hedged Active ETF

GGOVNYSE ArcaiSharesD

$50.85+0.04 (+0.08%)

At close: Nov 2, 2026, 4:00 PM ET

D38/ 100

Rank 5 of 6 in International Sovereign

D38/100Rank 5 of 6inInternational Sovereign
Intraday session: up, 79 prints from 50.81 to 50.85. Range 49.74 to 50.94. Use the arrow keys to read each point.49.7550.0050.2550.5051.0010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$4.32B
1Y total return
+4.7%
Yield · Last 12 months
No data
Holdings
914
Avg volume · 30D
903K sh
52W range
low $48.05high $51.93
Launched
Filings
SEC EDGAR

The ETF.net GGOV Grade

D

Score 38 out of 100

Category
International Sovereign⁠
Rank
5 of 6
Six-pillar profile for GGOV. Scores out of 100: Cost 23, Risk 80, Mission 0, Tradability 72, Holdings 52, Durability 62. Strongest: Risk (80). Weakest: Mission (0). Leans toward Risk.

Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F23 out of 100
    Rank 5 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F0 out of 100
    Rank 6 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A80 out of 100
    Rank 1 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 1 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 4 of 6

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 1 of 6

Our read on GGOV

ETF.net Research

In short

DGovernment bonds from around the world, with the currency swings hedged back to dollars and an active manager at the wheel. A 2025 iShares launch that showed up at multi-billion-dollar scale on day one.

Stated mandate

The fund provides exposure to a diversified portfolio of government bonds from around the world with USD hedging and active management.

Why people hold it

  • Currency exposure is hedged into US dollars, so the ride leans on global sovereign yields rather than on the euro or yen moving against the greenback.ishares.com
  • About 700 government bonds spread across countries, run actively against the Bloomberg Global Treasury USD Hedged Index instead of copied bond for bond.
  • Unusual for a fund this new: multi-billion-dollar size and steady daily trading, which tends to keep the gap between buy and sell prices tight.

Worth knowing

  • 0.39% a year sits above the index-tracking neighbors: IGOV and BWX at 0.35%, EBND at 0.30%.
  • It opened in June 2025, so the track record is thin, and an active mandate means the portfolio can sit well away from its stated benchmark.
  • Hedging cuts both ways. It mutes the hit when the dollar rallies and the lift when it slides, and the hedge itself carries an ongoing cost.ishares.com

GGOV Performance

Launched Jun 25, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
GGOV$10,469
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GGOV $10,469. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GGOV. Periods over one year show the average yearly return.
PeriodGGOV
Year to date+4.8%
1 month+2.2%
3 months+2.3%
1 year+4.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GGOV
YearReturn barGGOV
2026 YTD+4.8%
2025+0.4%

History from Jun 26, 2025

GGOV in the news

GGOV Dividends

Last payment
$0.41 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 2 payments from 2025 to 2026 YTD. Dec 19, 2025 $1.62; Oct 1, 2026 $0.41. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 6, 2026$0.41
Dec 19, 2025Dec 24, 2025$1.62

$10,000 in GGOV 1 year ago paid $400 in dividends.

GGOV Risk

Risk pillarA80 out of 100Rank 1 of 6 in International Sovereign
How much the fund’s monthly returns vary, scaled to a year.
2.5%
Annualised · 16 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.07
vs 3-month T-bills · 16 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−1.5%
16 months · trough Jan 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.06
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GGOV Cost

Compare GGOV and EBND

Overpaying vs EBND, cheapest in International Sovereign

$1,749

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GGOV 0.39%

    $7,898

  • EBND 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • GGOV 0.39%
  • EBND 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GGOV $7,898EBND $6,149

Year by year

YearGGOVEBNDOverpaying
10$705$545$160
20$2,725$2,113$612
30$7,898$6,149$1,749

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