iShares Agency Bond ETF (AGZ) belongs to the Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with AGZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AGZ
AGZ charges 0.20% annually. There are 72 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Short-Term U.S. Treasury ETF | 0.03% | 13.24B | Aug 2010 | AGZ vs SCHO | |
| SPDR Portfolio Short Term Treasury ETF | 0.03% | 5.90B | Nov 2011 | AGZ vs SPTS | |
| SPDR Portfolio Long Term Treasury ETF | 0.03% | 10.14B | May 2007 | AGZ vs SPTL | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.92B | Sep 2022 | AGZ vs XHLF | |
| Schwab Long-Term U.S. Treasury ETF | 0.03% | 787.62M | Oct 2019 | AGZ vs SCHQ |
Best Risk-Adjusted Alternatives to AGZ
AGZ has a PortfoliosLab risk / return rank of 50. There are 24 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 45.99B | May 2007 | AGZ vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.73B | Jan 2007 | AGZ vs SHV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.62B | Sep 2016 | AGZ vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.01B | Feb 2014 | AGZ vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.60B | Feb 2014 | AGZ vs TFLO |
Top Performing AGZ Alternatives (YTD)
AGZ is at 0.16% YTD. There are 29 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 4.32% | 6.46M | Sep 2021 | AGZ vs BNDD | |
| iShares Global Government Bond USD Hedged Active E... | 2.30% | 44.04M | Jun 2025 | AGZ vs GGOV | |
| Simplify Treasury Option Income ETF | 1.90% | 438.06M | Oct 2022 | AGZ vs BUCK | |
| WisdomTree Floating Rate Treasury Fund | 1.60% | 17.01B | Feb 2014 | AGZ vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 1.59% | 6.60B | Feb 2014 | AGZ vs TFLO |
Lowest Volatility Alternatives to AGZ
AGZ has 2.58% 1-year volatility. There are 28 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Treasury ETF | 0.00% | 1.55B | Feb 2020 | AGZ vs IBTE | |
| iShares 0-1 Year Treasury Bond ETF | 0.20% | 20.73B | Jan 2007 | AGZ vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 45.99B | May 2007 | AGZ vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.62B | Sep 2016 | AGZ vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.01B | Feb 2014 | AGZ vs USFR |
Lowest Drawdown Alternatives to AGZ
AGZ has a 1-year max drawdown of -1.35%. There are 24 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.01% | 20.73B | Jan 2007 | AGZ vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 45.99B | May 2007 | AGZ vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.62B | Sep 2016 | AGZ vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.01B | Feb 2014 | AGZ vs USFR | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.60B | Feb 2014 | AGZ vs TFLO |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, IVV and span 14 categories. AUM among these funds goes as high as $855B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.51% | 91.90B | May 2020 | AGZ vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -25.48% | 58.12B | Jan 2024 | AGZ vs IBIT | |
| iShares Core S&P 500 ETF | S&P 500 | 70 | 10.85% | 854.92B | May 2000 | AGZ vs IVV | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 16 | -0.27% | 42.90B | Jul 2002 | AGZ vs TLT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 97 | 104.57% | 38.37B | Jul 2001 | AGZ vs SOXX | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 71 | 8.76% | 40.46B | Jun 2014 | AGZ vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 47 | 2.78% | 36.82B | Apr 2006 | AGZ vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 32 | 2.98% | 69.92B | Jan 2005 | AGZ vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 62 | 17.07% | 80.93B | May 2000 | AGZ vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 66 | 12.13% | 32.93B | Mar 2008 | AGZ vs ACWI |
Often Compared With AGZ
Investors most often compare AGZ with AGZD, FGOVX, NYF. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare AGZ with Any Fund or Stock
Compare AGZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AGZ with funds that move differently
iShares Agency Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AGZ.
Explore AGZ Diversifiers