- ISIN
- US46431W5316
- Issuer
- iShares
- Inception Date
- Jun 22, 2022
- Region
- North America (U.S.)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $8M
Share Price Chart
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Performance
AGRH Performance Chart
iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) is up 2.0% since the beginning of the year. AGRH is currently trading at $26 per share.
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Returns By Period
iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) has returned 1.99% so far this year and 6.15% over the past 12 months.
iShares Interest Rate Hedged U.S. Aggregate Bond ETF
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.99%
- 6M
- 2.24%
- 1Y
- 6.15%
- 3Y*
- 5.85%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AGRH Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2022, AGRH's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 82% of months were positive and 18% were negative. The best month was Nov 2023 with a return of +1.5%, while the worst month was Sep 2022 at -0.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 2 months.
On a daily basis, AGRH closed higher 56% of trading days. The best single day was Sep 5, 2025 with a return of +0.5%, while the worst single day was Apr 4, 2025 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.50% | -0.11% | -0.03% | 0.70% | 0.78% | 0.14% | 1.99% | ||||||
| 2025 | 0.63% | 0.45% | -0.11% | -0.43% | 0.81% | 0.70% | 0.59% | 0.55% | 0.84% | 0.72% | 0.35% | 0.75% | 6.00% |
| 2024 | 0.74% | 0.14% | 0.86% | 0.27% | 0.81% | 0.07% | 0.47% | 0.61% | 0.54% | 0.22% | 0.85% | 0.20% | 5.93% |
| 2023 | 1.17% | 0.21% | -0.17% | 0.49% | 0.33% | 0.94% | 0.80% | 0.24% | 0.25% | -0.21% | 1.50% | 0.68% | 6.40% |
| 2022 | -0.02% | 0.64% | -0.13% | -0.82% | 0.41% | 1.08% | 0.60% | 1.76% |
Benchmark Metrics
iShares Interest Rate Hedged U.S. Aggregate Bond ETF has an annualized alpha of 4.83%, beta of 0.04, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since June 24, 2022.
- This ETF captured 13.17% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.20%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.04 may look defensive, but with R2 of 0.13 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.13 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.83%
- Beta
- 0.04
- R²
- 0.13
- Upside Capture
- 13.17%
- Downside Capture
- -3.20%
Expense Ratio
AGRH has an expense ratio of 0.13%, which is considered low.
Return for Risk
Risk / Return Rank
AGRH ranks 97 for risk / return — in the top 97% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGRH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +4.75 | ||
| Omega ratioGain probability vs. loss probability | 2.09 | 1.37 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 9.21 | 2.78 | +6.42 |
| Martin ratioReturn relative to average drawdown | 43.80 | 12.44 | +31.36 |
Dividends
Dividend History
iShares Interest Rate Hedged U.S. Aggregate Bond ETF provided a 4.17% dividend yield over the last twelve months, with an annual payout of $1.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.10 | $1.21 | $1.34 | $1.21 | $0.32 |
Dividend yield | 4.17% | 4.63% | 5.17% | 4.69% | 1.24% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Interest Rate Hedged U.S. Aggregate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.09 | $0.08 | $0.09 | $0.09 | $0.06 | $0.39 | ||||||
| 2025 | $0.00 | $0.08 | $0.08 | $0.09 | $0.14 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.21 |
| 2024 | $0.00 | $0.10 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.11 | $0.11 | $0.11 | $0.21 | $1.34 |
| 2023 | $0.00 | $0.10 | $0.09 | $0.10 | $0.10 | $0.11 | $0.05 | $0.10 | $0.10 | $0.10 | $0.11 | $0.24 | $1.21 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.06 | $0.15 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Interest Rate Hedged U.S. Aggregate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Interest Rate Hedged U.S. Aggregate Bond ETF was 1.73%, occurring on Apr 9, 2025. Recovery took 26 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -1.73%Apr 2025 | 1mo 17d | 1mo 7d | 2mo 24dFeb 2025 - May 2025 |
Bear market2022 | -1.50%Oct 2022 | 2mo | 1mo 5d | 3mo 5dAug 2022 - Nov 2022 |
2023 pullback2023 | -0.98%Mar 2023 | 14d | 24d | 1mo 8dMar 2023 - Apr 2023 |
2026 pullback2026 | -0.67%Mar 2026 | 1mo 15d | 26d | 2mo 11dJan 2026 - Apr 2026 |
2023 pullback2023 | -0.66%Oct 2023 | 28d | 14d | 1mo 12dSep 2023 - Nov 2023 |
Drawdown Indicators
| AGRH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -56.78% | +55.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -9.10% | +8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -1.73% | -18.90% | +17.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -10.71% | +10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 2.03% | -1.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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