Which returned more over the last year, BNDX or GGOV?

In the year to Oct 20, 2026, with distributions reinvested, BNDX returned −1.1% and GGOV +3.0%.

Which is cheaper, BNDX or GGOV?

BNDX is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

Share on X Download as PDF

Compare their flows Ask IQ about these two funds

BNDX vs GGOV: Differences, Returns & Fees

On Jul 31, 2026 BNDX's duration was 6.5 years and GGOV's 5.2; BNDX charges 0.07% to GGOV's 0.39%. Net assets: $82.9bn on Sep 30, 2026 for Vanguard Total International Bond ETF, and $4.2bn on Oct 20, 2026 for iShares Global Government Bond USD Hedged Active ETF.

Ask IQ about this page

Ask IQ about BNDX and GGOV

Answers cite the figures on this page.

BNDX costs 0.32 points a year less; their one-year returns differ by 4.1 points; BNDX is far larger, $82.9bn against $4.0bn.

BNDX vs GGOV: Differences, Returns & Fees
	BNDX	GGOV
Expense ratio	0.07%	0.39%
Net assets, as of Sep 30, 2026	$82.9bn	$4.0bn
Total return, 1 year	−1.1%	+3.0%
What it tracks	Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged)	No index, actively managed
Holdings in common	23%

Holdings in common uses holdings dated Jul 31, 2026.

−1.1%

BNDX total return, 1 year

+3.0%

GGOV total return, 1 year

0.07%

BNDX expense ratio

0.39%

GGOV expense ratio

Client brief · page 1 of 2Report BR-C310D415F2

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

What each follows. BNDX follows Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) and GGOV follows No index, actively managed.
Holdings in common. 23% of the weight is in the same securities (holdings dated Jul 31, 2026).
One-year total return. Over 1 year to Oct 20, 2026 BNDX returned −1.1% and GGOV +3.0% with distributions reinvested, a gap of 4.1 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.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

What they hold in common

By the books each fund has filed, BNDX and GGOV hold 23% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

half

23% in common

Positions both hold, largest shared weight first

Holding BNDX GGOV

FRANCE O.A.T., due Feb 25, 2031 0.37% 0.49%

FRANCE O.A.T., due Feb 25, 2029 0.36% 0.40%

UK TSY GILT, due Mar 7, 2028 0.35% 0.40%

UK TSY GILT, due Mar 7, 2030 0.36% 0.35%

UK TSY GILT, due Mar 7, 2031 0.41% 0.35%

FRANCE O.A.T., due Nov 25, 2035 0.33% 0.36%

UK TSY GILT, due Jul 22, 2029 0.34% 0.33%

FRANCE O.A.T., due Nov 25, 2032 0.33% 0.36%

UK TSY GILT, due Jun 7, 2028 0.30% 0.32%

UK TSY GILT, due Jan 29, 2038 0.29% 0.33%

SPANISH GOV'T, due May 31, 2028 0.27% 0.42%

FRANCE O.A.T., due Feb 25, 2030 0.26% 0.52%

Only in BNDX

BUNDESSCHATZANW, due Jun 14, 2028 0.28%

BTPS, due Feb 1, 2029 0.27%

FRANCE O.A.T., due Nov 25, 2031 0.24%

FRANCE O.A.T., due May 25, 2028 0.24%

EUROPEAN UNION, due Jul 4, 2028 0.23%

FRANCE O.A.T., due Nov 25, 2030 0.23%

BTPS, due Jul 1, 2029 0.22%

DEUTSCHLAND REP, due Aug 15, 2034 0.22%

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

BNDX

Vanguard Total International 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 of Total International Bond Actively managed

Total return, 1 year −1.1% +3.0%

Expense ratio 0.07% 0.39%

Holdings 6840 1125

Net assets, BNDX as of Sep 30, 2026 and GGOV as of Oct 20, 2026 $82.9bn $4.2bn

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

About BNDX

BNDX tracks an index of Total International Bond. Over the year to Oct 20, 2026 it returned −1.1% with distributions reinvested. The prospectus expense ratio is 0.07% 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, BNDX or GGOV?: In the year to Oct 20, 2026, with distributions reinvested, BNDX returned −1.1% and GGOV +3.0%.
Which is cheaper, BNDX or GGOV?: BNDX is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BNDX vs IAGG BNDW vs BNDX BNDX vs JAAA BNDX vs VGSH GGOV vs IAGG BNDW vs GGOV BNDX vs MBB BNDX vs VGIT

BNDX on its own →GGOV on its own →Hold both: look the portfolio through →Rankings →BNDX dividend history →BNDX holdings →GGOV dividend history →GGOV holdings →Standards and sources →

Where these figures came from

BNDX filings on SEC EDGAR ↗BNDX prospectus with the expense ratio (SEC) ↗Vanguard page for BNDX ↗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, BNDX against GGOV, data as of Oct 20, 2026. https://etfiq.com/compare/any/bndx-vs-ggov

Open data

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