Is GGOV a good ETF?
GGOV is the BetaShares U.S. Treasury Bond20+ Year ETF - Currency Hedged from BetaShares. It tracks the S&P G7 Sovereign Duration-Capped 20+ Year AUD Hedged Bond Index. We classify it under Bonds and Intl. With about $82 million in assets it is a relatively small fund (worth checking spreads and liquidity before buying).
On a total-return basis, GGOV has delivered -9.47% a year over 5 years (ranked 188th of 188 ETFs we track), -3.6% a year over 3 years (ranked 225th of 226 ETFs we track), and -1.24% a year over 1 year (ranked 267th of 308 ETFs we track). It has trailed most comparable ETFs over the periods we measure, so look closely at whether its strategy fits what you're after.
The management fee of 0.22% is reasonable. That's cheaper than the typical 0.45% for similar ETFs. If cost is your priority, IUSG (0.17%) and USTB (0.19%) cover similar ground for less. It pays a healthy 3.66% yield, attractive if you want regular income. Bear in mind distributions are taxed each year at your marginal rate, so a high yield is less tax-efficient for higher earners and during the accumulation phase.
Over the past 5 years its volatility has been moderate (annualised standard deviation around 14.45%), meaning the kind of swings you'd expect from a diversified equity fund.
Strengths
- Low-cost: a 0.22% management fee keeps more of the return in your pocket.
- Pays a useful 3.66% income yield.
Things to watch
- Has lagged most peers over 5 years (188th of 188).
- Cheaper alternatives exist: IUSG and USTB.
What GGOV's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Global and international shares from outside Australia — broadening you into thousands of companies and the sectors (tech, healthcare) the local market lacks.
- Market regime
- Essential diversification away from the bank-and-resources-heavy ASX. Unhedged versions carry currency risk; hedged versions remove it at a small cost.
- In a portfolio
- A core holding for almost every long-term Australian portfolio.
General information only, generated from the 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.