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BNDW vs GGOV: Differences, Returns & Fees

Over the year BNDW returned −1.5% to GGOV's +3.0%, and BNDW charges 0.05% to GGOV's 0.39%. Net assets: $1.9bn on Sep 30, 2026 for Vanguard Total World Bond ETF, and $4.2bn on Oct 20, 2026 for iShares Global Government Bond USD Hedged Active ETF.

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Answers cite the figures on this page.

BNDW costs 0.34 points a year less; their one-year returns differ by 4.5 points; GGOV is 2.1 times larger.

BNDW vs GGOV: Differences, Returns & Fees
BNDWGGOV
Expense ratio0.05%0.39%
Net assets, as of Sep 30, 2026$1.9bn$4.0bn
Total return, 1 year−1.5%+3.0%
What it tracksBloomberg Global Aggregate Float Adjusted Composite IndexNo index, actively managed
Holdings in common0%

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

−1.5%
BNDW total return, 1 year
+3.0%
GGOV total return, 1 year
0.05%
BNDW expense ratio
0.39%
GGOV expense ratio

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Client brief · page 1 of 2Report BR-8716BC1C64

BNDW and GGOV are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BNDW follows Bloomberg Global Aggregate Float Adjusted Composite Index and GGOV follows No index, actively managed.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026 and Jul 31, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 BNDW returned −1.5% and GGOV +3.0% with distributions reinvested, a gap of 4.5 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, BNDW and GGOV hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding BNDW GGOV
Only in BNDW
VANGUARD TOTAL B 51.05%
VANGUARD INTL BD 48.95%
Only in GGOV
U.S. Treasury Notes, due Nov 30, 2028 1.69%
U.S. Treasury Notes, due Apr 30, 2030 1.62%
U.S. Treasury Notes, due Nov 30, 2029 1.57%
U.S. Treasury Notes, due Oct 31, 2028 1.55%
U.S. Treasury Notes, due Aug 15, 2032 1.43%
U.S. Treasury Notes, due May 15, 2030 1.36%
U.S. Treasury Notes, due Oct 15, 2027 1.31%
U.S. Treasury Notes, due May 15, 2032 1.26%

Check overlap with more funds →

On the same fields

BNDW
Vanguard Total World Bond ETF
GGOV
iShares Global Government Bond USD Hedged Active ETF
Where it sits Bond ETF Bond ETF
Issuer Vanguard iShares
What it is Tracks an index Actively managed
Total return, 1 year −1.5% +3.0%
Expense ratio 0.05% 0.39%
Holdings 3 1125
Net assets, BNDW as of Sep 30, 2026 and GGOV as of Oct 20, 2026 $1.9bn $4.2bn

BNDW and GGOV on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About BNDW

BNDW tracks an index. Over the year to Oct 20, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year.

About GGOV

GGOV is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.0% with distributions reinvested. The prospectus expense ratio is 0.39% a year.

Questions people ask

Which returned more over the last year, BNDW or GGOV?
In the year to Oct 20, 2026, with distributions reinvested, BNDW returned −1.5% and GGOV +3.0%.
Which is cheaper, BNDW or GGOV?
BNDW is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BNDW vs IAGGBNDW vs BNDXBND vs BNDWGGOV vs IAGGBNDX vs GGOV
BNDW on its own →GGOV on its own →Hold both: look the portfolio through →Rankings →BNDW dividend history →BNDW holdings →GGOV dividend history →GGOV holdings →Standards and sources →
Where these figures came from
BNDW filings on SEC EDGAR ↗BNDW prospectus with the expense ratio (SEC) ↗Vanguard page for BNDW ↗GGOV filings on SEC EDGAR ↗GGOV prospectus with the expense ratio (SEC) ↗iShares page for GGOV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, BNDW against GGOV, data as of Oct 20, 2026. https://etfiq.com/compare/any/bndw-vs-ggov

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.