AGGH vs. IBTM

Last updated Jun 4, 2026

AGGH (Simplify Aggregate Bond ETF) and IBTM (iShares iBonds Dec 2032 Term Treasury ETF) are both Intermediate Core Bond funds. AGGH is actively managed, while IBTM is passively managed. Over the past 3 years, AGGH returned 4.70%/yr vs 2.68%/yr for IBTM. A 0.73 correlation means they provide meaningful diversification when combined. AGGH charges 0.33%/yr vs 0.07%/yr for IBTM.

Performance

AGGH vs. IBTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Aggregate Bond ETF (AGGH) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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 higher than IBTM's -0.50% return.

AGGH

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

IBTM

• 1D: -0.18%
• 1M: -0.15%
• YTD: -0.50%
• 6M: -0.81%
• 1Y: 3.93%
• 3Y*: 2.68%
• 5Y*: —
• 10Y*: —

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

AGGH vs. IBTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AGGH Simplify Aggregate Bond ETF	0.48%	8.23%	1.97%	8.47%	-3.60%
IBTM iShares iBonds Dec 2032 Term Treasury ETF	-0.50%	8.06%	-0.14%	3.48%	-4.63%

Correlation

The correlation between AGGH and IBTM is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022	0.73

The correlation between AGGH and IBTM has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.

Return for Risk

AGGH vs. IBTM — 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

IBTM

IBTM Risk / Return Rank: 26
IBTM Sharpe Ratio Rank: 27
IBTM Sortino Ratio Rank: 27
IBTM Omega Ratio Rank: 25
IBTM Calmar Ratio Rank: 26
IBTM Martin Ratio Rank: 26

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. IBTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Aggregate Bond ETF (AGGH) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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	IBTM	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.96	+0.32
Sortino ratio: Return per unit of downside risk	1.92	1.46	+0.46
Omega ratio: Gain probability vs. loss probability	1.25	1.17	+0.08
Calmar ratio: Return relative to maximum drawdown	2.94	1.21	+1.73
Martin ratio: Return relative to average drawdown	8.57	3.51	+5.06
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. IBTM - Sharpe Ratio Comparison

The current AGGH Sharpe Ratio is 1.28, which is higher than the IBTM Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of AGGH and IBTM, 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	IBTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	0.96	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.20	+0.07

Drawdowns

AGGH vs. IBTM - Drawdown Comparison

The maximum AGGH drawdown since its inception was -13.26%, roughly equal to the maximum IBTM drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for AGGH and IBTM.

Drawdown Indicators

	AGGH	IBTM	Difference
Max Drawdown Largest peak-to-trough decline	-13.26%	-13.60%	+0.34%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-3.26%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-8.67%	-7.86%	-0.81%
Current Drawdown Current decline from peak	-1.58%	-2.38%	+0.80%
Average Drawdown Average peak-to-trough decline	-4.45%	-4.82%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.12%	-0.06%

Volatility

AGGH vs. IBTM - Volatility Comparison

Simplify Aggregate Bond ETF (AGGH) has a higher volatility of 1.54% compared to iShares iBonds Dec 2032 Term Treasury ETF (IBTM) at 1.20%. This indicates that AGGH's price experiences larger fluctuations and is considered to be riskier than IBTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGGH	IBTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.54%	1.20%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	3.33%	2.75%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	4.09%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.46%	7.56%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.46%	7.56%	+0.90%

AGGH vs. IBTM - Expense Ratio Comparison

AGGH has a 0.33% expense ratio, which is higher than IBTM's 0.07% expense ratio.

Dividends

AGGH vs. IBTM - Dividend Comparison

AGGH's dividend yield for the trailing twelve months is around 7.53%, more than IBTM's 3.95% yield.

Position	TTM	2025	2024	2023	2022
AGGH Simplify Aggregate Bond ETF	7.53%	7.54%	8.97%	9.51%	2.11%
IBTM iShares iBonds Dec 2032 Term Treasury ETF	3.95%	3.87%	3.96%	3.39%	1.38%

Frequently Asked Questions

Can I hold both AGGH and IBTM in my portfolio?

AGGH and IBTM have a correlation of 0.77, 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 IBTM?

AGGH has higher volatility (1.54%) compared to IBTM (1.20%). In terms of maximum drawdown, AGGH dropped -13.26% vs IBTM's -13.60%.

Which ETF is better, AGGH or IBTM?

On 3-year performance, AGGH leads with 4.70% vs 2.68% for IBTM. On fees, IBTM is cheaper at 0.07% per year. On volatility, IBTM has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGGH or IBTM?

Over the 3-year period, AGGH has performed better with a 4.70% return vs 2.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGGH or IBTM?

IBTM is cheaper with a 0.07% expense ratio, compared with 0.33% for AGGH.

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

AGGH has the higher dividend yield at 7.53%, compared with 3.95% for IBTM.

What is the main difference between AGGH and IBTM?

They also come from different issuers: Simplify and iShares. Their fees differ too: 0.33% for AGGH and 0.07% for IBTM.

Which has better risk-adjusted returns?

AGGH currently has the higher Sharpe Ratio (1.28 vs 0.96), 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.