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GGOV

GradeDNew York Stock Exchange Arca

iShares Global Government Bond USD Hedged Active ETF

Treasury & Government Bond · IShares · Inception 2025-06-24 · SEC filings

$50.17−0.05 (−0.09%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Jun 26, 2025.
Intraday session: down, 67 prints from 50.22 to 50.17. Range 50.10 to 50.24. Use the arrow keys to read each point.$50.10$50.15$50.20$50.2510 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$3.1B
1Y return
+3.3%
Yield · Last 12 months
Data unavailable
Holdings
659
Volume · 30D
1.2M sh
NAV per share
$50.16
52W range
low $48.05high $51.55

The ETF.net GGOV Grade

D

36/ 100

Rank 6 of 6 in International Sovereign⁠

Confidence Medium

Six-pillar profile for GGOV. Scores out of 100: Cost 24, Risk 73, Mission 2, Tradability 72, Holdings 43, Durability 58. Strongest: Risk (73). Weakest: Mission (2). Leans toward Risk and Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 24
    Category rank5/6 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 2
    Category rank6/6 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 73
    Category rank1/6 · top 17%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 72
    Category rank1/6 · top 17%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 43
    Category rank6/6 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 58
    Category rank4/6 · mid-pack

Graded as of Sep 22, 2026

Our read on GGOV

ETF.net Research

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

  1. 01Currency 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
  2. 02About 700 government bonds spread across countries, run actively against the Bloomberg Global Treasury USD Hedged Index instead of copied bond for bond.
  3. 03Unusual 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

  1. 010.39% a year sits above the index-tracking neighbors: IGOV and BWX at 0.35%, EBND at 0.30%.
  2. 02It 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.
  3. 03Hedging 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

As of Sep 22, 2026, 5:12 AM
Asset class
Bonds
Holdings
659
Top-10 weight
16%
Largest holding
BLACKROCK CASH CL INST SL AGENCY2.6%

Sectors

  • Government100.0%
  • Corporate0.0%
  • Securitized0.0%

Geography

  • United States39.93%
  • Japan13.50%
  • China10.00%
  • United Kingdom5.51%
  • France5.35%
  • Italy4.83%
  • Spain3.13%
  • Germany2.53%
  • Other countries (33)15.22%

Developed 72% · Emerging 28% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 52.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—BLACKROCK CASH CL INST SL AGENCY2.56%0$80M18
002—CASH COLLATERAL USD XBNPU 12/31/20491.99%0$62M2
003—TREASURY NOTE 4.88% 10/31/20281.74%0$54M31
004—CASH COLLATERAL USD RBCFT 12/31/20491.67%0$52M2
005—TREASURY NOTE 4.38% 11/30/20281.61%0$50M26
006—TREASURY NOTE 3.50% 04/30/20301.54%0$48M29
007—TREASURY NOTE 3.88% 11/30/20291.49%0$47M33
008—TREASURY NOTE 2.75% 08/15/20321.34%0$42M37
009—TREASURY NOTE 0.63% 05/15/20301.28%0$40M30
010—TREASURY NOTE 2.88% 05/15/20321.19%0$37M33
011—TREASURY NOTE 3.75% 11/30/20321.09%0$34M25
012—TREASURY NOTE 4.00% 01/31/20330.92%0$29M36
013—TREASURY NOTE 3.38% 11/30/20270.88%0$27M33
014—TREASURY BOND 1.75% 08/15/20410.86%0$27M32
015—TREASURY NOTE 1.88% 02/15/20320.85%0$26M35

Showing 1–15 of 769 holdings

GGOV Performance

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

GGOV$10,325
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GGOV $10,325. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+2.8%
1 month+0.1%
3 months+0.1%
1 year+3.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+2.8%
2025+0.4%

History from Jun 26, 2025

GGOV in the news

ETF.net Research hasn’t filed on GGOV yet — coverage lands here as it’s written.

GGOV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$1.62 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. 1 payment from 2025 to 2026 YTD. Dec 19, 2025 $1.62. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 24, 2025$1.62

GGOV Risk

How much the fund’s monthly returns vary, scaled to a year.
1.8%
Annualised · 14 months to Aug 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.
−0.57
vs 3-month T-bills · 14 months to Aug 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%
14 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.

GGOV Cost

Expense ratio0.39%
  • The middle half of International Sovereign funds
  • Median 0.35%

4 of the 6 International Sovereign funds charge less.

GGOV costs $39.00 a year on $10,000. The median International Sovereign fund costs $35.00.