GGOV vs IVV
iShares Global Government Bond USD Hedged Active ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. GGOV offers more diversification with 990 holdings.
Side-by-Side Comparison
| Metric | GGOV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $3.0B | $907.0B | |
| Dividend Yield | 3.24% | 1.10% | |
| Holdings | 990 | 508 | |
| YTD Return | +2.88% | +12.76% | |
| 1Y Return | +3.33% | +20.63% | |
| 3Y Return (annualized) | - | +21.71% | |
| 5Y Return (annualized) | - | +12.87% | |
| Volatility (annualized) | 1.8% | 15.1% | |
| Max Drawdown | -1.5% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 25, 2025 | May 15, 2000 |
GGOV vs IVV Performance
iShares Global Government Bond USD Hedged Active ETF (GGOV) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GGOV returned +3.33% while IVV returned +20.63%. Year to date, GGOV is up 2.88% versus a gain of 12.76% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.8% for GGOV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.5% for GGOV and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GGOV charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, GGOV currently yields 3.24% against 1.10% for IVV.
Holdings Overlap
GGOV and IVV share 1 holdings out of 581 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GGOV | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.00% | 0.15% | 0.15% |
Frequently Asked Questions
Which is cheaper, GGOV or IVV?
GGOV has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, GGOV or IVV?
Over the past year GGOV returned +3.33% vs +20.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), GGOV annualized +2.83% vs +6.99% for IVV. Past performance does not guarantee future results.
Which is riskier, GGOV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 1.8% for GGOV. Worst drawdown: GGOV -1.5% vs IVV -56.5%.
Should I hold both GGOV and IVV?
GGOV and IVV have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGOV and IVV?
GGOV and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 581 unique securities.
Which pays a higher dividend, GGOV or IVV?
GGOV yields 3.24% while IVV yields 1.10%, so GGOV currently pays the higher dividend yield.
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