GGOV vs SMTH
Comparison between iShares Global Government Bond USD Hedged Active (GGOV, ETF) and ALPS | SMITH CORE PLUS BOND ETF (SMTH, ETF).
GGOV vs SMTH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GGOV
$2.90B
SMTH
$2.90B
Expense Ratio
Winner
GGOV
0.39%
SMTH
0.59%
Max Drawdown
Winner
GGOV
4.69%
SMTH
5.62%
Sharpe Ratio
GGOV
-0.62
Winner
SMTH
0.00
5Y Beta
Winner
GGOV
0.03
SMTH
0.05
GGOV vs SMTH - Holdings Comparison
GGOV and SMTH have 1 common holdings. Overlap is -21.68%
GGOV's top 25 holdings weight is 196.91%. SMTH's top 25 holdings weight is 53.13%.
| Rank | GGOV | SMTH |
|---|---|---|
| #1 | CASH OFFSET (n/a) - 100.04% | UNITED STATES TREASURY BONDS 4.625% (n/a) - 7.22% |
| #2 | EUR/USD PURCHASED (n/a) - 21.19% | UNITED STATES TREASURY NOTES 3.375% (n/a) - 5.18% |
| #3 | JPY/USD PURCHASED (n/a) - 13.37% | UNITED STATES TREASURY BONDS 4.75% (n/a) - 4.97% |
| #4 | CNY/USD PURCHASED (n/a) - 9.65% | UNITED STATES TREASURY NOTES 4.125% (n/a) - 4.16% |
| #5 | GBP/USD PURCHASED (n/a) - 6.14% | UNITED STATES TREASURY NOTES 4.25% (n/a) - 3.97% |
| #6 | n/a (n/a) - 5.14% | UNITED STATES TREASURY NOTES 4% (n/a) - 3.81% |
| #7 | n/a (n/a) - 4.45% | UNITED STATES TREASURY NOTES 4.375% (n/a) - 3.80% |
| #8 | BLACKROCK CASH FUNDS INSTL SL AGENCY (n/a) - 4.25% | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 4.5% (n/a) - 3.64% |
| #9 | n/a (n/a) - 3.27% | UNITED STATES TREASURY BONDS 4.875% (n/a) - 2.34% |
| #10 | UNITED STATES TREASURY NOTES 3.875% (n/a) - 3.22% | UNITED STATES TREASURY NOTES 3.5% (n/a) - 1.94% |
| #11 | n/a (n/a) - 2.84% | UNITED STATES TREASURY NOTES 3.625% (n/a) - 1.77% |
| #12 | n/a (n/a) - 2.80% | MORGAN STANLEY (n/a) - 1.20% |
| #13 | UNITED STATES TREASURY NOTES 4.375% (n/a) - 2.08% | GOLDMAN SACHS GROUP, INC. (n/a) - 1.03% |
| #14 | n/a (n/a) - 1.84% | BOEING CO. 7.008% (n/a) - 0.95% |
| #15 | CAD/USD PURCHASED (n/a) - 1.81% | JPMORGAN CHASE & CO. (n/a) - 0.90% |
| #16 | KRW/USD PURCHASED (n/a) - 1.79% | WELLS FARGO & CO. (n/a) - 0.78% |
| #17 | JAPAN (GOVERNMENT OF) 1% (n/a) - 1.75% | n/a (n/a) - 0.76% |
| #18 | UNITED STATES TREASURY NOTES 3.5% (n/a) - 1.71% | UNITED STATES TREASURY BONDS 5% (n/a) - 0.69% |
| #19 | UNITED STATES TREASURY NOTES 4.875% (n/a) - 1.63% | FIRST CITIZENS BANCSHARES INC (DELAWARE) (n/a) - 0.64% |
| #20 | n/a (n/a) - 1.56% | RTX CORP. 6.1% (n/a) - 0.63% |
| #21 | JAPAN (GOVERNMENT OF) 2.4% (n/a) - 1.53% | FEDERAL NATIONAL MORTGAGE ASSOCIATION 6% (n/a) - 0.56% |
| #22 | UNITED STATES TREASURY NOTES 0.625% (n/a) - 1.41% | GILDAN ACTIVEWEAR INC. 5.4% (n/a) - 0.56% |
| #23 | JAPAN (GOVERNMENT OF) 2.3% (n/a) - 1.40% | MORGAN STANLEY INSTL LQUDTY GOVT INSTL (MVRXX) - 0.56% |
| #24 | JAPAN (GOVERNMENT OF) 2.2% (n/a) - 1.26% | AMERICAN EXPRESS COMPANY (n/a) - 0.55% |
| #25 | JAPAN (GOVERNMENT OF) 1.1% (n/a) - 0.78% | NORTHROP GRUMMAN CORPORATION 5.25% (n/a) - 0.52% |
| Total Holdings | 842 | 247 |
GGOV vs SMTH - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GGOV
-0.03%
SMTH
-0.54%
3M
Winner
GGOV
+0.21%
SMTH
-0.73%
6M
Winner
GGOV
+2.93%
SMTH
-0.31%
1Y
GGOV
+0.35%
Winner
SMTH
+3.86%
Max(CAGR)
GGOV
-0.26%
Winner
SMTH
+5.06%
GGOV vs SMTH - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | GGOV | SMTH |
|---|---|---|
| 2026 | +2.61% | +0.13% |
| 2025 | -2.81% | +7.02% |
| 2024 | N/A | +2.99% |
| 2023 | N/A | +3.49% |
GGOV vs SMTH Drawdown Comparison
The maximum drawdown for GGOV was -4.69%, occurring on Jan 20, 2026. This drawdown has not yet recovered.
The maximum drawdown for SMTH was -4.11%, occurring on Jan 13, 2025. Recovery took 137 trading sessions.
The current GGOV drawdown is -1.20%. The current SMTH drawdown is -1.68%.
| Rank | GGOV | SMTH |
|---|---|---|
| #1 | -4.69% Oct 16, 2025 - Jan 20, 2026 | -4.11% Sep 16, 2024 - Apr 3, 2025 |
| #2 | -0.68% Sep 8, 2025 - Oct 14, 2025 | -2.98% Dec 27, 2023 - Jun 5, 2024 |
| #3 | -0.65% Jun 26, 2025 - Aug 1, 2025 | -2.74% Feb 27, 2026 - Mar 27, 2026 |
| #4 | -0.59% Aug 7, 2025 - Aug 28, 2025 | -2.53% Apr 3, 2025 - Jun 24, 2025 |
| #5 | -0.53% Aug 28, 2025 - Sep 8, 2025 | -1.43% Jul 1, 2025 - Jul 29, 2025 |
| #6 | -0.19% Aug 1, 2025 - Aug 5, 2025 | -1.39% Jun 13, 2024 - Jul 11, 2024 |
| #7 | -0.12% Aug 5, 2025 - Aug 7, 2025 | -1.16% Aug 2, 2024 - Aug 20, 2024 |
| #8 | N/A | -0.99% Oct 28, 2025 - Nov 26, 2025 |
| #9 | N/A | -0.97% Jun 5, 2024 - Jun 13, 2024 |
| #10 | N/A | -0.87% Nov 26, 2025 - Feb 9, 2026 |
| #11 | N/A | -0.65% Sep 16, 2025 - Oct 13, 2025 |
| #12 | N/A | -0.64% Jul 17, 2024 - Jul 30, 2024 |
| #13 | N/A | -0.53% Aug 23, 2024 - Sep 4, 2024 |
| #14 | N/A | -0.47% Aug 5, 2025 - Aug 22, 2025 |
| #15 | N/A | -0.39% Aug 28, 2025 - Sep 4, 2025 |
Correlation
Correlation between GGOV and SMTH is -0.33 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.33
-101
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