GGOV vs TBIL vs US10 vs USTB - Compare ETFs side by side

At a glance

Comparing GGOV, TBIL, US10, and USTB. USTB has the lowest management fee at 0.19% a year, TBIL has the highest 3 years return at 3.1% a year, and USTB offers the highest at 7.14%.

Lowest fee

USTB 0.19% p.a.

Highest 3 years return

TBIL 3.1% p.a.

Highest yield

USTB 7.14%

Lowest volatility

USTB 5.7% (3y)

Largest fund

USTB $526m

Side-by-side comparison

Metric	GGOV BetaShares U.S. Treasury Bond20+ Year ETF - Currency Hedged	TBIL VanEck 1-3 Month US Treasury Bond ETF	US10 BetaShares U.S. Treasury Bond 7-10 Year Currency Hedged ETF	USTB Global X US Treasury Bond ETF (Currency Hedged)
Snapshot
Provider	BetaShares	VanEck	BetaShares	Global X
Tracks index	S&P G7 Sovereign Duration-Capped 20+ Year AUD Hedged Bond Index	—	—	—
Categories	Bonds, Intl	Bonds, Intl	Bonds, Intl	Bonds, Intl
Listed since	—	—	—	—
Fund size (AUM)	$82m	$107m	$22m	$526m
Cost & income
Management fee	0.22%	0.22%	0.22%	0.19%
Dividend yield	3.66%	3.76%	4.55%	7.14%
Franking	0%	0%	0%	0%
Turnover	—	—	—	—
Tax drag	1.17%	1.2%	1.46%	2.28%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-1.2% net	-4.9% net	1.5% net	1.8% net
3-year return	-3.6% net	3.1% net	—	1.9% net
5-year return	-9.5% net	—	—	—
10-year return	—	—	—	—
Risk
Volatility (3y)	14%	9.5%	—	5.7%
Volatility (5y)	14.5%	—	—	—
Volatility (10y)	—	—	—	—
Sharpe ratio (3y)	—	—	—	—
Sharpe ratio (5y)	—	—	—	—
Sharpe ratio (10y)	—	—	—	—
Bid/ask spread	—	—	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

GGOV BetaShares U.S. Treasury Bond20+ Year ETF - Currency Hedged

Low-cost: a 0.22% management fee keeps more of the return in your pocket.
Pays a useful 3.66% income yield.

Has lagged most peers over 5 years (188th of 188).

Full GGOV analysis →

TBIL VanEck 1-3 Month US Treasury Bond ETF

Low-cost: a 0.22% management fee keeps more of the return in your pocket.
Pays a useful 3.76% income yield.

Has lagged most peers over 3 years (205th of 226).

Full TBIL analysis →

US10 BetaShares U.S. Treasury Bond 7-10 Year Currency Hedged ETF

Low-cost: a 0.22% management fee keeps more of the return in your pocket.
Pays a useful 4.55% income yield.

Cheaper alternatives exist: IUSG and USTB.

Full US10 analysis →

USTB Global X US Treasury Bond ETF (Currency Hedged)

Low-cost: a 0.19% management fee keeps more of the return in your pocket.
High 7.14% income yield — good for investors who want regular cash flow.

Has lagged most peers over 3 years (217th of 226).

Full USTB analysis →

Frequently Asked Questions

What's the difference between GGOV vs TBIL vs US10 vs USTB?

GGOV, TBIL, US10, and USTB are 4 Australian-listed ETFs we compare side by side. USTB carries the lowest management fee (0.19%). Over 3 years, TBIL has delivered the highest total return (3.1% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - GGOV vs TBIL vs US10 vs USTB?

USTB has the lowest management fee at 0.19% a year, versus GGOV 0.22%, TBIL 0.22%, and US10 0.22%.

Which has performed highest - GGOV vs TBIL vs US10 vs USTB?

Over the past 3 years, TBIL has delivered the highest total return at 3.1% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

USTB pays the highest at 7.14%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

USTB is the largest fund by assets ($526m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

GGOV vs IUSG GGOV vs BBFD GGOV vs GGFD GGOV vs ULTB TBIL vs IUSG US10 vs IUSG US10 vs BBFD US10 vs GGFD

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.