AGIH vs. AGG
Compare and contrast key facts about iShares Inflation Hedged U.S. Aggregate Bond ETF (AGIH) and iShares Core U.S. Aggregate Bond ETF (AGG).
AGIH and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGIH is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged U.S. Aggregate Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both AGIH and AGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGIH or AGG.
Key characteristics
| AGIH | AGG | |
|---|---|---|
| YTD Return | 4.75% | 5.52% |
| 1Y Return | 8.44% | 10.77% |
| Sharpe Ratio | 1.59 | 1.68 |
| Daily Std Dev | 5.36% | 6.52% |
| Max Drawdown | -9.24% | -18.43% |
| Current Drawdown | -0.01% | -5.16% |
Correlation
The correlation between AGIH and AGG is 0.88, 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.
Performance
AGIH vs. AGG - Performance Comparison
In the year-to-date period, AGIH achieves a 4.75% return, which is significantly lower than AGG's 5.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AGIH vs. AGG - Expense Ratio Comparison
AGIH has a 0.13% expense ratio, which is higher than AGG's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AGIH vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged U.S. Aggregate Bond ETF (AGIH) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
Dividends
AGIH vs. AGG - Dividend Comparison
AGIH's dividend yield for the trailing twelve months is around 3.41%, less than AGG's 3.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGIH iShares Inflation Hedged U.S. Aggregate Bond ETF | 3.41% | 3.13% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.71% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
AGIH vs. AGG - Drawdown Comparison
The maximum AGIH drawdown since its inception was -9.24%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for AGIH and AGG. For additional features, visit the drawdowns tool.
Volatility
AGIH vs. AGG - Volatility Comparison
The current volatility for iShares Inflation Hedged U.S. Aggregate Bond ETF (AGIH) is 0.98%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.20%. This indicates that AGIH experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.