GGOV vs SCHD
iShares Global Government Bond USD Hedged Active ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GGOV offers more diversification with 990 holdings.
Side-by-Side Comparison
| Metric | GGOV | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.06% | |
| AUM | $3.0B | $108.7B | |
| Dividend Yield | 3.24% | 3.13% | |
| Holdings | 990 | 104 | |
| YTD Return | +2.53% | +26.54% | |
| 1Y Return | +3.03% | +30.90% | |
| 3Y Return (annualized) | - | +16.29% | |
| 5Y Return (annualized) | - | +9.65% | |
| Volatility (annualized) | 1.8% | 13.6% | |
| Max Drawdown | -1.5% | -33.4% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 25, 2025 | Oct 20, 2011 |
GGOV vs SCHD Performance
iShares Global Government Bond USD Hedged Active ETF (GGOV) is a ETF from iShares by BlackRock (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GGOV returned +3.03% while SCHD returned +30.90%. Year to date, GGOV is up 2.53% versus a gain of 26.54% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 -0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GGOV charges 0.39% per year while SCHD charges 0.06%. On a $10,000 position that is $39 vs $6 annually, a gap of $33 per year that compounds over a long holding period. On income, GGOV currently yields 3.24% against 3.13% for SCHD.
Holdings Overlap
GGOV and SCHD share 0 holdings out of 177 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGOV or SCHD?
GGOV has an expense ratio of 0.39% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, GGOV or SCHD?
Over the past year GGOV returned +3.03% vs +30.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), GGOV annualized +2.60% vs +11.51% for SCHD. Past performance does not guarantee future results.
Which is riskier, GGOV or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 1.8% for GGOV. Worst drawdown: GGOV -1.5% vs SCHD -33.4%.
Should I hold both GGOV and SCHD?
GGOV and SCHD have a monthly-return correlation of -0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGOV and SCHD?
GGOV and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 177 unique securities.
Which pays a higher dividend, GGOV or SCHD?
GGOV yields 3.24% while SCHD yields 3.13%, so GGOV currently pays the higher dividend yield.
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