iShares Global Government Bond USD Hedged Active ETF
$49.88+0.06 (+0.12%)
- 0.39%
- $4.1B
- +2.7%
- 1M sh
- $49.70
- low $48.05high $51.93
The ETF.net GGOV Grade
D
Score 37 out of 100
- 6 of 6
Score 37 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.F24 out of 100Rank 5 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.F1 out of 100Rank 6 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A72 out of 100Rank 1 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A72 out of 100Rank 1 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 4 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 2 of 6
Our read on GGOV
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.
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 Holdings
- Bonds
- 861
- 15%
- Cash Collateral USD Xbnpu 12/31/2049
Geography
- United States39.81%
- Japan13.36%
- China10.62%
- United Kingdom5.42%
- France5.07%
- Italy4.62%
- Spain3.11%
- Germany2.48%
- 15.51%
Developed 70% · Emerging 30%
GGOV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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GGOV$10,272
Returns run to the Oct 12, 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.
| Period | GGOV |
|---|---|
| Year to date | +2.8% |
| 1 month | +0.3% |
| 3 months | +0.1% |
| 1 year | +2.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GGOV |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +0.4% |
GGOV in the news
GGOV Dividends
- $0.41 per share
- Irregular
Distribution data unavailable.
Distribution history
GGOV Risk
- 1.8%
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.
- −0.75
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.
- −1.5%
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.
- 0.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GGOV Cost
0.39%
GGOV0.39%
- The middle half of International Sovereign funds
- Median 0.35%
4 of the 6 International Sovereign funds charge less.
Other funds in International Sovereign
- BEBNDSPDR Bloomberg Emerging Markets Local Bond ETFExpense ratio 0.30%1 year return +3.6%
- BIGOViShares International Treasury Bond ETFExpense ratio 0.35%1 year return −5.0%
- BBWXSPDR Bloomberg International Treasury Bond ETFExpense ratio 0.35%1 year return −4.8%
- BISHGiShares 1-3 Year International Treasury Bond ETFExpense ratio 0.35%1 year return −1.1%
- CWIPSPDR FTSE International Government Inflation-Protected Bond ETFExpense ratio 0.50%1 year return +4.8%