AGIH vs. AGRH
Compare and contrast key facts about iShares Inflation Hedged U.S. Aggregate Bond ETF (AGIH) and iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH).
AGIH and AGRH 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. AGRH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. Both AGIH and AGRH 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 AGRH.
Key characteristics
| AGIH | AGRH | |
|---|---|---|
| YTD Return | 4.75% | 4.42% |
| 1Y Return | 8.44% | 6.45% |
| Sharpe Ratio | 1.59 | 3.74 |
| Daily Std Dev | 5.36% | 1.75% |
| Max Drawdown | -9.24% | -1.50% |
| Current Drawdown | -0.01% | 0.00% |
Correlation
The correlation between AGIH and AGRH is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AGIH vs. AGRH - Performance Comparison
In the year-to-date period, AGIH achieves a 4.75% return, which is significantly higher than AGRH's 4.42% 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. AGRH - Expense Ratio Comparison
Both AGIH and AGRH have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
AGIH vs. AGRH - 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 Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH). 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. AGRH - Dividend Comparison
AGIH's dividend yield for the trailing twelve months is around 3.41%, less than AGRH's 5.22% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AGIH iShares Inflation Hedged U.S. Aggregate Bond ETF | 3.41% | 3.13% | 1.46% |
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 5.22% | 4.69% | 1.24% |
Drawdowns
AGIH vs. AGRH - Drawdown Comparison
The maximum AGIH drawdown since its inception was -9.24%, which is greater than AGRH's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for AGIH and AGRH. For additional features, visit the drawdowns tool.
Volatility
AGIH vs. AGRH - Volatility Comparison
iShares Inflation Hedged U.S. Aggregate Bond ETF (AGIH) has a higher volatility of 0.98% compared to iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) at 0.45%. This indicates that AGIH's price experiences larger fluctuations and is considered to be riskier than AGRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.