AGG vs. PYLD
AGG (iShares Core U.S. Aggregate Bond ETF) and PYLD (PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund) are both exchange-traded funds - AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while PYLD is a Multisector Bonds fund actively managed by PIMCO. AGG is passively managed, while PYLD is actively managed. Over the past year, AGG returned 5.14% vs 7.40% for PYLD. Their correlation of 0.88 suggests significant overlap in exposure. AGG charges 0.03%/yr vs 0.55%/yr for PYLD.
Performance
AGG vs. PYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AGG achieves a 0.25% return, which is significantly lower than PYLD's 0.95% 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%
PYLD
- 1D
- -0.23%
- 1M
- 0.53%
- YTD
- 0.95%
- 6M
- 1.31%
- 1Y
- 7.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGG vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 0.25% | 7.19% | 1.31% | 3.30% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 0.95% | 9.57% | 7.69% | 5.60% |
Correlation
The correlation between AGG and PYLD is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.88 |
The correlation between AGG and PYLD has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AGG vs. PYLD — Risk / Return Rank
AGG
PYLD
AGG vs. PYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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 | PYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.48 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.29 | -0.42 |
| Martin ratioReturn relative to average drawdown | 5.73 | 10.44 | -4.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AGG | PYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.42 | -1.07 |
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 | 2.04 | -1.45 |
Drawdowns
AGG vs. PYLD - Drawdown Comparison
The maximum AGG drawdown since its inception was -18.43%, which is greater than PYLD's maximum drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for AGG and PYLD.
Loading charts...
Drawdown Indicators
| AGG | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.43% | -4.52% | -13.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -3.25% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.43% | — | — |
Current DrawdownCurrent decline from peak | -2.14% | -0.44% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -0.65% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.71% | +0.19% |
Volatility
AGG vs. PYLD - Volatility Comparison
iShares Core U.S. Aggregate Bond ETF (AGG) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) have volatilities of 1.30% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGG | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.24% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.50% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.08% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 3.99% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 3.99% | +1.41% |
AGG vs. PYLD - Expense Ratio Comparison
AGG has a 0.03% expense ratio, which is lower than PYLD's 0.55% expense ratio.
Dividends
AGG vs. PYLD - Dividend Comparison
AGG's dividend yield for the trailing twelve months is around 3.99%, less than PYLD's 6.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund | 6.30% | 6.21% | 6.40% | 2.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGG and PYLD have a correlation of 0.86, 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 PYLD (1.24%). In terms of maximum drawdown, AGG dropped -18.43% vs PYLD's -4.52%.
On 1-year performance, PYLD leads with 7.40% vs 5.14% for AGG. On fees, AGG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PYLD has performed better with a 7.40% return vs 5.14%. 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 0.55% for PYLD.
PYLD has the higher dividend yield at 6.30%, compared with 3.99% for AGG.
AGG is categorized as Total Bond Market, while PYLD is Multisector Bonds. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.03% for AGG and 0.55% for PYLD.
PYLD currently has the higher Sharpe Ratio (2.42 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.
Find the right allocation for AGG and PYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer