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AGG vs. BINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

AGG vs. BINC - Performance Comparison

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

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Returns By Period

In the year-to-date period, AGG achieves a 0.25% return, which is significantly lower than BINC's 0.90% return.


AGG

1D
-0.21%
1M
0.24%
YTD
0.25%
6M
0.09%
1Y
5.14%
3Y*
3.95%
5Y*
0.10%
10Y*
1.57%

BINC

1D
-0.12%
1M
0.54%
YTD
0.90%
6M
1.22%
1Y
5.80%
3Y*
7.02%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGG vs. BINC - Yearly Performance Comparison


2026 (YTD)202520242023
AGG
iShares Core U.S. Aggregate Bond ETF
0.25%7.19%1.31%3.43%
BINC
iShares Flexible Income Active ETF
0.90%7.57%5.76%7.08%

Correlation

The correlation between AGG and BINC is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (All Time)
Calculated using the full available price history since May 24, 2023

0.79

The correlation between AGG and BINC has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

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Return for Risk

AGG vs. BINC — Risk / Return Rank

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

AGG
AGG Risk / Return Rank: 3636
Overall Rank
AGG Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
AGG Sortino Ratio Rank: 3838
Sortino Ratio Rank
AGG Omega Ratio Rank: 3535
Omega Ratio Rank
AGG Calmar Ratio Rank: 3737
Calmar Ratio Rank
AGG Martin Ratio Rank: 3636
Martin Ratio Rank

BINC
BINC Risk / Return Rank: 6767
Overall Rank
BINC Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
BINC Sortino Ratio Rank: 8282
Sortino Ratio Rank
BINC Omega Ratio Rank: 8383
Omega Ratio Rank
BINC Calmar Ratio Rank: 4343
Calmar Ratio Rank
BINC Martin Ratio Rank: 5050
Martin Ratio Rank
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. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and iShares Flexible Income Active ETF (BINC). 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.


AGGBINCDifference
Sharpe ratioReturn per unit of total volatility

-1.21

Sortino ratioReturn per unit of downside risk

-1.72

Omega ratioGain probability vs. loss probability

1.24

1.51

-0.27

Calmar ratioReturn relative to maximum drawdown

1.87

2.17

-0.30

Martin ratioReturn relative to average drawdown

5.73

8.53

-2.80

AGG vs. BINC - Sharpe Ratio Comparison

The current AGG Sharpe Ratio is 1.34, which is lower than the BINC Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of AGG and BINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


AGGBINCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.34

2.56

-1.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.29

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

2.36

-1.77

Drawdowns

AGG vs. BINC - Drawdown Comparison

The maximum AGG drawdown since its inception was -18.43%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for AGG and BINC.


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Drawdown Indicators


AGGBINCDifference

Max Drawdown

Largest peak-to-trough decline

-18.43%

-2.69%

-15.74%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

-2.69%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-6.11%

-2.69%

-3.42%

Max Drawdown (5Y)

Largest decline over 5 years

-17.82%

Max Drawdown (10Y)

Largest decline over 10 years

-18.43%

Current Drawdown

Current decline from peak

-2.14%

-0.49%

-1.65%

Average Drawdown

Average peak-to-trough decline

-2.71%

-0.36%

-2.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

0.68%

+0.22%

Volatility

AGG vs. BINC - Volatility Comparison

iShares Core U.S. Aggregate Bond ETF (AGG) has a higher volatility of 1.30% compared to iShares Flexible Income Active ETF (BINC) at 0.75%. This indicates that AGG's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


AGGBINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.30%

0.75%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

2.74%

1.84%

+0.90%

Volatility (1Y)

Calculated over the trailing 1-year period

3.85%

2.28%

+1.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.09%

3.00%

+3.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.40%

3.00%

+2.40%

AGG vs. BINC - Expense Ratio Comparison

AGG has a 0.03% expense ratio, which is lower than BINC's 0.40% expense ratio.


Dividends

AGG vs. BINC - Dividend Comparison

AGG's dividend yield for the trailing twelve months is around 3.99%, less than BINC's 5.86% yield.


PositionTTM20252024202320222021202020192018201720162015
AGG
iShares Core U.S. Aggregate Bond ETF
3.99%3.89%3.74%3.13%2.39%1.77%2.14%2.70%2.72%2.32%2.39%2.45%
BINC
iShares Flexible Income Active ETF
5.86%5.86%6.14%3.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


AGG and BINC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AGG has higher volatility (1.30%) compared to BINC (0.75%). In terms of maximum drawdown, AGG dropped -18.43% vs BINC's -2.69%.

On 3-year performance, BINC leads with 7.02% vs 3.95% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, BINC has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, BINC has performed better with a 7.02% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AGG is cheaper with a 0.03% expense ratio, compared with 0.40% for BINC.

BINC has the higher dividend yield at 5.86%, compared with 3.99% for AGG.

AGG is categorized as Total Bond Market, while BINC is Multisector Bonds. Their fees differ too: 0.03% for AGG and 0.40% for BINC.

BINC currently has the higher Sharpe Ratio (2.56 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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