AGG vs. BTOT

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Core U.S. Aggregate Bond ETF (AGG) and iShares Total USD Fixed Income Market ETF (BTOT).

AGG and BTOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. BTOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Total Fixed Income Market Index. It was launched on Dec 10, 2025. Both AGG and BTOT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AGG vs. BTOT - 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 Total USD Fixed Income Market ETF (BTOT). The values are adjusted to include any dividend payments, if applicable.

AGG vs. BTOT - Yearly Performance Comparison

	2026 (YTD)	2025
AGG iShares Core U.S. Aggregate Bond ETF	0.09%	0.09%
BTOT iShares Total USD Fixed Income Market ETF	-0.02%	0.31%

Returns By Period

In the year-to-date period, AGG achieves a 0.09% return, which is significantly higher than BTOT's -0.02% return.

AGG

• 1D: 0.07%
• 1M: -1.33%
• YTD: 0.09%
• 6M: 0.78%
• 1Y: 4.05%
• 3Y*: 3.62%
• 5Y*: 0.24%
• 10Y*: 1.66%

BTOT

• 1D: -0.06%
• 1M: -1.19%
• YTD: -0.02%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AGG vs. BTOT - Expense Ratio Comparison

AGG has a 0.03% expense ratio, which is lower than BTOT's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

BTOT

iShares Total USD Fixed Income Market ETF

AGG

iShares Core U.S. Aggregate Bond ETF

Return for Risk

AGG vs. BTOT — Risk / Return Rank

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

AGG

AGG Risk / Return Rank: 50
AGG Sharpe Ratio Rank: 49
AGG Sortino Ratio Rank: 46
AGG Omega Ratio Rank: 40
AGG Calmar Ratio Rank: 67
AGG Martin Ratio Rank: 49

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. BTOT - 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 Total USD Fixed Income Market ETF (BTOT). 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	BTOT	Difference
Sharpe ratio Return per unit of total volatility	0.93	—	—
Sortino ratio Return per unit of downside risk	1.32	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	1.76	—	—
Martin ratio Return relative to average drawdown	4.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AGG	BTOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.27	+0.33

Correlation

The correlation between AGG and BTOT is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AGG vs. BTOT - Dividend Comparison

AGG's dividend yield for the trailing twelve months is around 3.95%, more than BTOT's 1.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGG iShares Core U.S. Aggregate Bond ETF	3.95%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
BTOT iShares Total USD Fixed Income Market ETF	1.32%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AGG vs. BTOT - Drawdown Comparison

The maximum AGG drawdown since its inception was -18.43%, which is greater than BTOT's maximum drawdown of -2.36%. Use the drawdown chart below to compare losses from any high point for AGG and BTOT.

Drawdown Indicators

	AGG	BTOT	Difference
Max Drawdown Largest peak-to-trough decline	-18.43%	-2.36%	-16.07%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	—	—
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	-2.30%	-1.59%	-0.71%
Average Drawdown Average peak-to-trough decline	-2.71%	-0.51%	-2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	—	—

Volatility

Volatility by Period

	AGG	BTOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.37%	3.67%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.07%	3.67%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.39%	3.67%	+1.72%