AGRH vs. ICSH
Compare and contrast key facts about iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and iShares Ultra Short Duration Bond Active ETF (ICSH).
AGRH and ICSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013. Both AGRH and ICSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AGRH vs. ICSH - Performance Comparison
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AGRH vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 0.36% | 6.00% | 5.93% | 6.40% | 1.76% |
ICSH iShares Ultra Short Duration Bond Active ETF | 0.74% | 4.96% | 5.52% | 5.58% | 1.45% |
Returns By Period
In the year-to-date period, AGRH achieves a 0.36% return, which is significantly lower than ICSH's 0.74% return.
AGRH
- 1D
- 0.13%
- 1M
- -0.03%
- YTD
- 0.36%
- 6M
- 2.20%
- 1Y
- 5.36%
- 3Y*
- 5.81%
- 5Y*
- —
- 10Y*
- —
ICSH
- 1D
- 0.02%
- 1M
- 0.12%
- YTD
- 0.74%
- 6M
- 1.89%
- 1Y
- 4.40%
- 3Y*
- 5.21%
- 5Y*
- 3.55%
- 10Y*
- 2.71%
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AGRH vs. ICSH - Expense Ratio Comparison
AGRH has a 0.13% expense ratio, which is higher than ICSH's 0.08% 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%.
Return for Risk
AGRH vs. ICSH — Risk / Return Rank
AGRH
ICSH
AGRH vs. ICSH - 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 Ultra Short Duration Bond Active ETF (ICSH). 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 | ICSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.87 | 10.86 | -7.99 |
Sortino ratioReturn per unit of downside risk | 4.04 | 25.58 | -21.53 |
Omega ratioGain probability vs. loss probability | 1.69 | 6.41 | -4.72 |
Calmar ratioReturn relative to maximum drawdown | 3.36 | 45.33 | -41.96 |
Martin ratioReturn relative to average drawdown | 18.63 | 283.87 | -265.24 |
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 | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | 10.86 | -7.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.03 | 1.90 | +1.12 |
Correlation
The correlation between AGRH and ICSH is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AGRH vs. ICSH - Dividend Comparison
AGRH's dividend yield for the trailing twelve months is around 4.64%, more than ICSH's 4.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 4.64% | 4.63% | 5.17% | 4.69% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.46% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Drawdowns
AGRH vs. ICSH - Drawdown Comparison
The maximum AGRH drawdown since its inception was -1.73%, smaller than the maximum ICSH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for AGRH and ICSH.
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Drawdown Indicators
| AGRH | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -3.94% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.57% | -0.10% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.94% | — |
Current DrawdownCurrent decline from peak | -0.25% | 0.00% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.08% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.02% | +0.26% |
Volatility
AGRH vs. ICSH - Volatility Comparison
iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) has a higher volatility of 0.59% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.16%. This indicates that AGRH's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGRH | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.16% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 0.26% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 0.41% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.80% | 0.48% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.80% | 1.06% | +0.74% |