AGG vs. USMF
AGG (iShares Core U.S. Aggregate Bond ETF) and USMF (WisdomTree US Multifactor Fund) are both exchange-traded funds - AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index. Both are passively managed. Over the past 5 years, AGG returned 0.18%/yr vs 8.31%/yr for USMF. At a 0.10 correlation, their price movements are largely independent. AGG charges 0.03%/yr vs 0.28%/yr for USMF.
Performance
AGG vs. USMF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AGG achieves a 0.61% return, which is significantly lower than USMF's 6.65% return.
AGG
- 1D
- 0.09%
- 1M
- 1.18%
- YTD
- 0.61%
- 6M
- 0.92%
- 1Y
- 4.96%
- 3Y*
- 4.06%
- 5Y*
- 0.18%
- 10Y*
- 1.56%
USMF
- 1D
- 1.25%
- 1M
- 5.30%
- YTD
- 6.65%
- 6M
- 6.40%
- 1Y
- 9.68%
- 3Y*
- 13.99%
- 5Y*
- 8.31%
- 10Y*
- —
AGG vs. USMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 0.61% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 0.10% |
USMF WisdomTree US Multifactor Fund | 6.65% | 4.60% | 19.65% | 13.47% | -8.82% | 21.26% | 12.01% | 24.06% | -4.72% | 11.27% |
Correlation
The correlation between AGG and USMF is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | 0.10 |
Over the past year, AGG and USMF have become more correlated (0.34) than their long-term average of 0.10, meaning their price movements have been converging.
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. USMF — Risk / Return Rank
AGG
USMF
AGG vs. USMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. Aggregate Bond ETF (AGG) and WisdomTree US Multifactor Fund (USMF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGG | USMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.50 | +0.30 |
| Martin ratioReturn relative to average drawdown | 5.30 | 4.47 | +0.84 |
Loading charts...
Drawdowns
AGG vs. USMF - Drawdown Comparison
The maximum AGG drawdown since its inception was -18.43%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for AGG and USMF.
Loading charts...
Drawdown Indicators
| AGG | USMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.43% | -36.24% | +17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -6.47% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -15.39% | +9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.82% | -18.10% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.43% | — | — |
Current DrawdownCurrent decline from peak | -1.79% | 0.00% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -4.15% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.17% | -1.23% |
Volatility
AGG vs. USMF - Volatility Comparison
The current volatility for iShares Core U.S. Aggregate Bond ETF (AGG) is 1.37%, while WisdomTree US Multifactor Fund (USMF) has a volatility of 4.10%. This indicates that AGG experiences smaller price fluctuations and is considered to be less risky than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGG | USMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 4.10% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 8.13% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 11.31% | -7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 14.34% | -8.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.41% | 16.97% | -11.56% |
AGG vs. USMF - Expense Ratio Comparison
AGG has a 0.03% expense ratio, which is lower than USMF's 0.28% expense ratio.
Dividends
AGG vs. USMF - Dividend Comparison
AGG's dividend yield for the trailing twelve months is around 3.97%, more than USMF's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.97% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
USMF WisdomTree US Multifactor Fund | 1.29% | 1.37% | 1.22% | 1.33% | 1.74% | 1.42% | 1.34% | 1.38% | 1.45% | 0.67% | 0.00% | 0.00% |
Frequently Asked Questions
AGG and USMF have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USMF has higher volatility (4.10%) compared to AGG (1.37%). In terms of maximum drawdown, AGG dropped -18.43% vs USMF's -36.24%.
On 5-year performance, USMF leads with 8.31% vs 0.18% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USMF has performed better with a 8.31% return vs 0.18%. 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 0.28% for USMF.
AGG has the higher dividend yield at 3.97%, compared with 1.29% for USMF.
AGG is categorized as Total Bond Market, while USMF is Mid Cap Blend Equities. AGG tracks Bloomberg U.S. Aggregate Bond Index, while USMF tracks WisdomTree US Multifactor Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.03% for AGG and 0.28% for USMF.
AGG currently has the higher Sharpe Ratio (1.32 vs 0.86), 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 USMF
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