GGOV vs VYM
iShares Global Government Bond USD Hedged Active ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. GGOV offers more diversification with 990 holdings.
Side-by-Side Comparison
| Metric | GGOV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.04% | |
| AUM | $3.0B | $81.6B | |
| Dividend Yield | 3.24% | 2.24% | |
| Holdings | 990 | 616 | |
| YTD Return | +2.69% | +15.34% | |
| 1Y Return | +3.09% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 1.8% | 14.6% | |
| Max Drawdown | -1.5% | -58.8% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 25, 2025 | Nov 10, 2006 |
GGOV vs VYM Performance
iShares Global Government Bond USD Hedged Active ETF (GGOV) is a ETF from iShares by BlackRock (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GGOV returned +3.09% while VYM returned +23.24%. Year to date, GGOV is up 2.69% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 -0.02. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GGOV charges 0.39% per year while VYM charges 0.04%. On a $10,000 position that is $39 vs $4 annually, a gap of $35 per year that compounds over a long holding period. On income, GGOV currently yields 3.24% against 2.24% for VYM.
Holdings Overlap
GGOV and VYM share 0 holdings out of 680 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 VYM?
GGOV has an expense ratio of 0.39% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, GGOV or VYM?
Over the past year GGOV returned +3.09% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), GGOV annualized +2.70% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, GGOV or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 1.8% for GGOV. Worst drawdown: GGOV -1.5% vs VYM -58.8%.
Should I hold both GGOV and VYM?
GGOV and VYM have a monthly-return correlation of -0.02, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGOV and VYM?
GGOV and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 680 unique securities.
Which pays a higher dividend, GGOV or VYM?
GGOV yields 3.24% while VYM yields 2.24%, so GGOV currently pays the higher dividend yield.
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