AGG vs. BCE.TO

Last updated Jun 9, 2026

AGG (iShares Core U.S. Aggregate Bond ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while BCE.TO (BCE Inc.) is a stock. Over the past 10 years, AGG returned 1.52%/yr vs -0.62%/yr for BCE.TO. At a 0.01 correlation, their price movements are largely independent.

Performance

AGG vs. BCE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core U.S. Aggregate Bond ETF (AGG) and BCE Inc. (BCE.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AGG is traded in USD, while BCE.TO is traded in CAD. To make them comparable, the BCE.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGG achieves a -0.08% return, which is significantly lower than BCE.TO's 2.58% return. Over the past 10 years, AGG has outperformed BCE.TO with an annualized return of 1.52%, while BCE.TO has yielded a comparatively lower -0.62% annualized return.

AGG

• 1D: 0.00%
• 1M: -0.69%
• YTD: -0.08%
• 6M: 0.26%
• 1Y: 4.97%
• 3Y*: 3.88%
• 5Y*: -0.03%
• 10Y*: 1.52%

BCE.TO

• 1D: -1.07%
• 1M: -0.02%
• YTD: 2.58%
• 6M: 6.20%
• 1Y: 17.08%
• 3Y*: -12.94%
• 5Y*: -7.66%
• 10Y*: -0.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGG vs. BCE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGG iShares Core U.S. Aggregate Bond ETF	-0.08%	7.19%	1.31%	5.65%	-13.02%	-1.77%	7.48%	8.46%	0.09%	3.55%
BCE.TO BCE Inc.	2.58%	10.39%	-35.49%	-3.93%	-10.03%	27.96%	-1.59%	22.43%	-12.97%	17.11%

Correlation

The correlation between AGG and BCE.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006	0.01

The correlation between AGG and BCE.TO shifts across timeframes, from 0.01 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

AGG vs. BCE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGG

AGG Risk / Return Rank: 40
AGG Sharpe Ratio Rank: 41
AGG Sortino Ratio Rank: 42
AGG Omega Ratio Rank: 39
AGG Calmar Ratio Rank: 40
AGG Martin Ratio Rank: 38

BCE.TO

BCE.TO Risk / Return Rank: 71
BCE.TO Sharpe Ratio Rank: 75
BCE.TO Sortino Ratio Rank: 70
BCE.TO Omega Ratio Rank: 66
BCE.TO Calmar Ratio Rank: 73
BCE.TO Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGG vs. BCE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and BCE Inc. (BCE.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AGG	BCE.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.32	0.95	+0.37
Sortino ratio: Return per unit of downside risk	1.94	1.44	+0.50
Omega ratio: Gain probability vs. loss probability	1.23	1.17	+0.07
Calmar ratio: Return relative to maximum drawdown	1.81	1.43	+0.37
Martin ratio: Return relative to average drawdown	5.44	2.89	+2.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGG vs. BCE.TO - Sharpe Ratio Comparison

The current AGG Sharpe Ratio is 1.32, which is higher than the BCE.TO Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of AGG and BCE.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGG	BCE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	0.95	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	-0.42	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	-0.03	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.21	+0.38

Drawdowns

AGG vs. BCE.TO - Drawdown Comparison

The maximum AGG drawdown since its inception was -18.43%, smaller than the maximum BCE.TO drawdown of -60.85%. Use the drawdown chart below to compare losses from any high point for AGG and BCE.TO.

Drawdown Indicators

	AGG	BCE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.43%	-60.85%	+42.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-11.97%	+9.21%
Max Drawdown (3Y) Largest decline over 3 years	-6.11%	-47.00%	+40.89%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	-55.35%	+37.53%
Max Drawdown (10Y) Largest decline over 10 years	-18.43%	-55.35%	+36.92%
Current Drawdown Current decline from peak	-2.47%	-45.06%	+42.59%
Average Drawdown Average peak-to-trough decline	-2.71%	-14.78%	+12.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	5.93%	-5.01%

Volatility

AGG vs. BCE.TO - Volatility Comparison

The current volatility for iShares Core U.S. Aggregate Bond ETF (AGG) is 1.29%, while BCE Inc. (BCE.TO) has a volatility of 5.41%. This indicates that AGG experiences smaller price fluctuations and is considered to be less risky than BCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGG	BCE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	5.41%	-4.12%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	12.96%	-10.19%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	18.18%	-14.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.09%	18.40%	-12.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.41%	18.64%	-13.23%

Dividends

AGG vs. BCE.TO - Dividend Comparison

AGG's dividend yield for the trailing twelve months is around 4.00%, less than BCE.TO's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGG iShares Core U.S. Aggregate Bond ETF	4.00%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
BCE.TO BCE Inc.	5.18%	7.06%	11.97%	7.42%	6.19%	5.32%	6.12%	5.27%	5.60%	4.75%	4.70%	4.86%

Frequently Asked Questions

Can I hold both AGG and BCE.TO in my portfolio?

AGG and BCE.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.