iShares Agency Bond ETF (AGZ)

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iShares Agency Bond ETF (AGZ) is up 0.1% since the beginning of the year. AGZ is currently trading at $109 per share. Investors who bought $1,000 worth of AGZ shares 5 years ago would now be looking at an investment worth $1,058.

iShares Agency Bond ETF (AGZ) has returned 0.06% so far this year and 3.60% over the past 12 months.

Based on dividend-adjusted daily data since Nov 7, 2008, AGZ's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Dec 2008 with a return of +3.9%, while the worst month was Mar 2022 at -2.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, AGZ closed higher 52% of trading days. The best single day was Nov 13, 2008 with a return of +4.0%, while the worst single day was Nov 14, 2008 at -4.2%.

iShares Agency Bond ETF has an annualized alpha of 3.22%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since November 10, 2008.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.61%) than losses (2.39%) - typical of diversified or defensive assets.
• Beta of 0.04 may look defensive, but with R2 of 0.03 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 0.03 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.

AGZ has an expense ratio of 0.20%, which is considered low.

AGZ ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and compare them to S&P 500 Index.

iShares Agency Bond ETF provided a 3.73% dividend yield over the last twelve months, with an annual payout of $4.05 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for iShares Agency Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the iShares Agency 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 Agency Bond ETF was 11.01%, occurring on Oct 20, 2022. Recovery took 590 trading sessions.

The current iShares Agency Bond ETF drawdown is 0.89%.

The chart below shows the rolling one-month volatility.