AGRH vs. IBIT
AGRH (iShares Interest Rate Hedged U.S. Aggregate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - AGRH is a Ultrashort Bond fund tracking the BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, AGRH returned 6.30% vs -38.74% for IBIT. At a 0.15 correlation, their price movements are largely independent. AGRH charges 0.13%/yr vs 0.25%/yr for IBIT.
Performance
AGRH vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, AGRH achieves a 1.78% return, which is significantly higher than IBIT's -25.48% return.
AGRH
- 1D
- -0.04%
- 1M
- 0.73%
- YTD
- 1.78%
- 6M
- 2.44%
- 1Y
- 6.30%
- 3Y*
- 5.97%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGRH vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 1.78% | 6.00% | 5.50% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between AGRH and IBIT is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.15 |
The correlation between AGRH and IBIT shifts across timeframes, from 0.15 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGRH vs. IBIT — Risk / Return Rank
AGRH
IBIT
AGRH vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and iShares Bitcoin Trust ETF (IBIT). 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.
| AGRH | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.30 | ||
| Sortino ratioReturn per unit of downside risk | +8.89 | ||
| Omega ratioGain probability vs. loss probability | 2.12 | 0.86 | +1.25 |
| Calmar ratioReturn relative to maximum drawdown | 9.44 | -0.79 | +10.22 |
| Martin ratioReturn relative to average drawdown | 44.94 | -1.36 | +46.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGRH | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.41 | -0.89 | +5.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.13 | 0.30 | +2.83 |
Drawdowns
AGRH vs. IBIT - Drawdown Comparison
The maximum AGRH drawdown since its inception was -1.73%, smaller than the maximum IBIT drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for AGRH and IBIT.
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Drawdown Indicators
| AGRH | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -49.36% | +47.63% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -49.36% | +48.69% |
Max Drawdown (3Y)Largest decline over 3 years | -1.73% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | -48.10% | +48.03% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -16.02% | +15.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 28.44% | -28.30% |
Volatility
AGRH vs. IBIT - Volatility Comparison
The current volatility for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) is 0.43%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that AGRH experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGRH | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 9.50% | -9.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 34.44% | -33.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 43.73% | -42.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.78% | 50.19% | -48.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.78% | 50.19% | -48.41% |
AGRH vs. IBIT - Expense Ratio Comparison
AGRH has a 0.13% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AGRH vs. IBIT - Dividend Comparison
AGRH's dividend yield for the trailing twelve months is around 4.18%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 4.18% | 4.63% | 5.17% | 4.69% | 1.24% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGRH and IBIT have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to AGRH (0.43%). In terms of maximum drawdown, AGRH dropped -1.73% vs IBIT's -49.36%.
On 1-year performance, AGRH leads with 6.30% vs -38.74% for IBIT. On fees, AGRH is cheaper at 0.13% per year. On volatility, AGRH has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AGRH has performed better with a 6.30% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGRH is cheaper with a 0.13% expense ratio, compared with 0.25% for IBIT.
AGRH has the higher dividend yield at 4.18%, compared with 0.00% for IBIT.
AGRH is categorized as Ultrashort Bond, while IBIT is Cryptocurrency. AGRH tracks BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.13% for AGRH and 0.25% for IBIT.
AGRH currently has the higher Sharpe Ratio (4.41 vs -0.89), 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.
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