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GGOV vs IAGG: Differences, Returns & Fees

On Jul 31, 2026 GGOV's duration was 5.2 years and IAGG's 5.9; IAGG charges 0.07% to GGOV's 0.39%. Net assets on Oct 20, 2026: $4.2bn for iShares Global Government Bond USD Hedged Active ETF and $12.6bn for iShares Core International Aggregate Bond ETF.

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Answers cite the figures on this page.

IAGG costs 0.32 points a year less; their one-year returns differ by 2.7 points; IAGG is 3.0 times larger.

GGOV vs IAGG: Differences, Returns & Fees
GGOVIAGG
Expense ratio0.39%0.07%
Net assets$4.2bn$12.6bn
Total return, 1 year+3.0%+0.3%
What it tracksNo index, actively managedBloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index
Holdings in common17%

Holdings in common uses holdings dated Jul 31, 2026.

+3.0%
GGOV total return, 1 year
+0.3%
IAGG total return, 1 year
0.39%
GGOV expense ratio
0.07%
IAGG expense ratio

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Client brief · page 1 of 2Report BR-CDDBE404FA

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

  1. What each follows. GGOV follows No index, actively managed and IAGG follows Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index.
  2. Holdings in common. 17% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 GGOV returned +3.0% and IAGG +0.3% with distributions reinvested, a gap of 2.7 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, GGOV and IAGG hold 17% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

17% in common

Positions both hold, largest shared weight first
Holding GGOV IAGG
China Government Bond, due Feb 25, 2028 0.41% 0.34%
China Government Bond, due Oct 15, 2029 0.39% 0.32%
China Government Bond, due Sep 15, 2027 0.31% 0.76%
China Government Bond, due Feb 15, 2035 0.30% 1.11%
China Government Bond, due Jul 15, 2029 0.27% 0.42%
China Government Bond, due Oct 15, 2027 0.31% 0.26%
China Government Bond, due May 25, 2034 0.26% 0.70%
U.K. Gilts, due Mar 7, 2028 0.40% 0.25%
U.K. Gilts, due Jun 7, 2028 0.32% 0.25%
French Republic Government Bond OAT, due Feb 25, 2030 0.52% 0.25%
French Republic Government Bonds OAT, due Feb 25, 2031 0.49% 0.18%
French Republic Government Bonds OAT, due Nov 25, 2035 0.36% 0.18%
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%
Only in IAGG
China Government Bond, due Mar 25, 2031 0.55%
China Government Bond, due May 21, 2030 0.54%
China Government Bond, due Jan 25, 2030 0.54%
China Government Bond, due Dec 25, 2031 0.53%
China Development Bank, due Mar 1, 2031 0.51%
China Development Bank, due May 21, 2029 0.45%
Bundesobligation, due Oct 15, 2027 0.43%
China Government Bond, due Apr 15, 2053 0.37%

Check overlap with more funds →

On the same fields

GGOV
iShares Global Government Bond USD Hedged Active ETF
IAGG
iShares Core International Aggregate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer iShares iShares
What it is Actively managed Tracks an index
Total return, 1 year +3.0% +0.3%
Expense ratio 0.39% 0.07%
Holdings 1125 9156
Net assets $4.2bn $12.6bn

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

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.

About IAGG

IAGG tracks an index. Over the year to Oct 20, 2026 it returned +0.3% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

Questions people ask

Which returned more over the last year, GGOV or IAGG?
In the year to Oct 20, 2026, with distributions reinvested, GGOV returned +3.0% and IAGG +0.3%.
Which is cheaper, GGOV or IAGG?
IAGG 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 GGOVBNDW vs GGOVBNDW vs IAGGBNDX vs IAGG
GGOV on its own →IAGG on its own →Hold both: look the portfolio through →Rankings →GGOV dividend history →GGOV holdings →IAGG dividend history →IAGG holdings →Standards and sources →
Where these figures came from
GGOV filings on SEC EDGAR ↗GGOV prospectus with the expense ratio (SEC) ↗iShares page for GGOV ↗IAGG filings on SEC EDGAR ↗IAGG prospectus with the expense ratio (SEC) ↗iShares page for IAGG ↗

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

Open data

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