AGGH vs. HYG

Last updated Jun 4, 2026

AGGH (Simplify Aggregate Bond ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond ETF) are both exchange-traded funds - AGGH is a Intermediate Core Bond fund actively managed by Simplify, while HYG is a High Yield Bonds fund tracking the iBoxx $ Liquid High Yield Index. AGGH is actively managed, while HYG is passively managed. Over the past 3 years, AGGH returned 4.70%/yr vs 8.48%/yr for HYG. At a 0.37 correlation, their price movements are largely independent. AGGH charges 0.33%/yr vs 0.49%/yr for HYG.

Performance

AGGH vs. HYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Aggregate Bond ETF (AGGH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGGH achieves a 0.48% return, which is significantly lower than HYG's 1.32% return.

AGGH

• 1D: -0.32%
• 1M: 0.30%
• YTD: 0.48%
• 6M: 0.53%
• 1Y: 9.06%
• 3Y*: 4.70%
• 5Y*: —
• 10Y*: —

HYG

• 1D: -0.28%
• 1M: 0.36%
• YTD: 1.32%
• 6M: 1.73%
• 1Y: 6.51%
• 3Y*: 8.48%
• 5Y*: 3.77%
• 10Y*: 4.94%

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

AGGH vs. HYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AGGH Simplify Aggregate Bond ETF	0.48%	8.23%	1.97%	8.47%	-8.47%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	1.32%	8.59%	7.97%	11.54%	-6.63%

Correlation

The correlation between AGGH and HYG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Feb 16, 2022	0.37

AGGH vs. HYG - Sectors Allocation Comparison

Sectors	AGGH	HYG
Financial Services	79.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	0.4%
Technology	-	-
Utilities	-	99.6%

Return for Risk

AGGH vs. HYG — Risk / Return Rank

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

AGGH

AGGH Risk / Return Rank: 44
AGGH Sharpe Ratio Rank: 35
AGGH Sortino Ratio Rank: 36
AGGH Omega Ratio Rank: 38
AGGH Calmar Ratio Rank: 58
AGGH Martin Ratio Rank: 50

HYG

HYG Risk / Return Rank: 55
HYG Sharpe Ratio Rank: 49
HYG Sortino Ratio Rank: 52
HYG Omega Ratio Rank: 52
HYG Calmar Ratio Rank: 55
HYG Martin Ratio Rank: 66

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.

AGGH vs. HYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Aggregate Bond ETF (AGGH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.

	AGGH	HYG	Difference
Sharpe ratio Return per unit of total volatility	1.28	1.72	-0.44
Sortino ratio Return per unit of downside risk	1.92	2.59	-0.67
Omega ratio Gain probability vs. loss probability	1.25	1.33	-0.08
Calmar ratio Return relative to maximum drawdown	2.94	2.79	+0.14
Martin ratio Return relative to average drawdown	8.57	12.34	-3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGGH vs. HYG - Sharpe Ratio Comparison

The current AGGH Sharpe Ratio is 1.28, which is comparable to the HYG Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of AGGH and HYG, 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

	AGGH	HYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.72	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.46	-0.19

Drawdowns

AGGH vs. HYG - Drawdown Comparison

The maximum AGGH drawdown since its inception was -13.26%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for AGGH and HYG.

Drawdown Indicators

	AGGH	HYG	Difference
Max Drawdown Largest peak-to-trough decline	-13.26%	-34.25%	+20.99%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-2.34%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-8.67%	-4.56%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.03%	—
Current Drawdown Current decline from peak	-1.58%	-0.28%	-1.30%
Average Drawdown Average peak-to-trough decline	-4.45%	-3.24%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	0.53%	+0.53%

Volatility

AGGH vs. HYG - Volatility Comparison

Simplify Aggregate Bond ETF (AGGH) has a higher volatility of 1.54% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.21%. This indicates that AGGH's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGGH	HYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	1.21%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	3.33%	3.01%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	3.81%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.46%	7.53%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.46%	8.29%	+0.17%

AGGH vs. HYG - Expense Ratio Comparison

AGGH has a 0.33% expense ratio, which is lower than HYG's 0.49% expense ratio.

Dividends

AGGH vs. HYG - Dividend Comparison

AGGH's dividend yield for the trailing twelve months is around 7.53%, more than HYG's 5.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGGH Simplify Aggregate Bond ETF	7.53%	7.54%	8.97%	9.51%	2.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	5.92%	5.71%	6.01%	5.74%	5.30%	4.02%	4.88%	4.99%	5.54%	5.12%	5.27%	5.90%

Frequently Asked Questions

Can I hold both AGGH and HYG in my portfolio?

AGGH and HYG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGGH or HYG?

AGGH has higher volatility (1.54%) compared to HYG (1.21%). In terms of maximum drawdown, AGGH dropped -13.26% vs HYG's -34.25%.

Which ETF is better, AGGH or HYG?

On 3-year performance, HYG leads with 8.48% vs 4.70% for AGGH. On fees, AGGH is cheaper at 0.33% per year. On volatility, HYG has been the lower-risk option at 1.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGGH or HYG?

Over the 3-year period, HYG has performed better with a 8.48% return vs 4.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGGH or HYG?

AGGH is cheaper with a 0.33% expense ratio, compared with 0.49% for HYG.

Which ETF pays a higher dividend yield, AGGH or HYG?

AGGH has the higher dividend yield at 7.53%, compared with 5.92% for HYG.

What is the main difference between AGGH and HYG?

AGGH is categorized as Intermediate Core Bond, while HYG is High Yield Bonds. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.33% for AGGH and 0.49% for HYG.

Which has better risk-adjusted returns?

HYG currently has the higher Sharpe Ratio (1.72 vs 1.28), 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.