AGRH vs. IWM

Last updated Jun 4, 2026

AGRH (iShares Interest Rate Hedged U.S. Aggregate Bond ETF) and IWM (iShares Russell 2000 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 IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 3 years, AGRH returned 5.97%/yr vs 17.88%/yr for IWM. At a 0.38 correlation, their price movements are largely independent. AGRH charges 0.13%/yr vs 0.19%/yr for IWM.

Performance

AGRH vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGRH achieves a 1.78% return, which is significantly lower than IWM's 17.07% return.

AGRH

• 1D: -0.04%
• 1M: 0.73%
• YTD: 1.78%
• 6M: 2.44%
• 1Y: 6.30%
• 3Y*: 5.97%
• 5Y*: —
• 10Y*: —

IWM

• 1D: -1.37%
• 1M: 3.52%
• YTD: 17.07%
• 6M: 15.83%
• 1Y: 39.10%
• 3Y*: 17.88%
• 5Y*: 6.11%
• 10Y*: 10.93%

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

AGRH vs. IWM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	1.78%	6.00%	5.93%	6.40%	1.76%
IWM iShares Russell 2000 ETF	17.07%	12.66%	11.38%	16.83%	0.56%

Correlation

The correlation between AGRH and IWM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 27, 2022	0.38

AGRH vs. IWM - Sectors Allocation Comparison

Sectors	AGRH	IWM
Energy	100.0%	6.0%
Basic Materials	-	4.5%
Communication Services	-	2.0%
Consumer Cyclical	-	7.8%
Consumer Defensive	-	2.1%
Financial Services	-	15.8%
Healthcare	-	15.8%
Industrials	-	17.1%
Real Estate	-	5.7%
Technology	-	19.5%
Utilities	-	3.0%

Return for Risk

AGRH vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGRH

AGRH Risk / Return Rank: 97
AGRH Sharpe Ratio Rank: 96
AGRH Sortino Ratio Rank: 98
AGRH Omega Ratio Rank: 98
AGRH Calmar Ratio Rank: 96
AGRH Martin Ratio Rank: 97

IWM

IWM Risk / Return Rank: 62
IWM Sharpe Ratio Rank: 59
IWM Sortino Ratio Rank: 59
IWM Omega Ratio Rank: 53
IWM Calmar Ratio Rank: 70
IWM Martin Ratio Rank: 67

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.

AGRH vs. IWM - 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 Russell 2000 ETF (IWM). 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	IWM	Difference
Sharpe ratio: Return per unit of total volatility	4.41	2.05	+2.36
Sortino ratio: Return per unit of downside risk	7.67	2.85	+4.81
Omega ratio: Gain probability vs. loss probability	2.12	1.34	+0.78
Calmar ratio: Return relative to maximum drawdown	9.44	3.56	+5.88
Martin ratio: Return relative to average drawdown	44.94	12.64	+32.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGRH vs. IWM - Sharpe Ratio Comparison

The current AGRH Sharpe Ratio is 4.41, which is higher than the IWM Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of AGRH and IWM, 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

	AGRH	IWM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.41	2.05	+2.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.13	0.37	+2.76

Drawdowns

AGRH vs. IWM - Drawdown Comparison

The maximum AGRH drawdown since its inception was -1.73%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for AGRH and IWM.

Drawdown Indicators

	AGRH	IWM	Difference
Max Drawdown Largest peak-to-trough decline	-1.73%	-59.05%	+57.32%
Max Drawdown (1Y) Largest decline over 1 year	-0.67%	-11.03%	+10.36%
Max Drawdown (3Y) Largest decline over 3 years	-1.73%	-27.50%	+25.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.13%	—
Current Drawdown Current decline from peak	-0.07%	-1.49%	+1.42%
Average Drawdown Average peak-to-trough decline	-0.16%	-10.77%	+10.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.14%	3.10%	-2.96%

Volatility

AGRH vs. IWM - Volatility Comparison

The current volatility for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) is 0.43%, while iShares Russell 2000 ETF (IWM) has a volatility of 5.75%. This indicates that AGRH experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGRH	IWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	5.75%	-5.32%
Volatility (6M) Calculated over the trailing 6-month period	1.00%	13.53%	-12.53%
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	19.20%	-17.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.78%	22.52%	-20.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.78%	23.04%	-21.26%

AGRH vs. IWM - Expense Ratio Comparison

AGRH has a 0.13% expense ratio, which is lower than IWM's 0.19% 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. IWM - Dividend Comparison

AGRH's dividend yield for the trailing twelve months is around 4.18%, more than IWM's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	4.18%	4.63%	5.17%	4.69%	1.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IWM iShares Russell 2000 ETF	0.88%	1.04%	1.15%	1.35%	1.48%	0.94%	1.04%	1.26%	1.40%	1.26%	1.38%	1.54%

Frequently Asked Questions

Can I hold both AGRH and IWM in my portfolio?

AGRH and IWM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGRH or IWM?

IWM has higher volatility (5.75%) compared to AGRH (0.43%). In terms of maximum drawdown, AGRH dropped -1.73% vs IWM's -59.05%.

Which ETF is better, AGRH or IWM?

On 3-year performance, IWM leads with 17.88% vs 5.97% for AGRH. 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.

Which ETF has performed better, AGRH or IWM?

Over the 3-year period, IWM has performed better with a 17.88% return vs 5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGRH or IWM?

AGRH is cheaper with a 0.13% expense ratio, compared with 0.19% for IWM.

Which ETF pays a higher dividend yield, AGRH or IWM?

AGRH has the higher dividend yield at 4.18%, compared with 0.88% for IWM.

What is the main difference between AGRH and IWM?

AGRH is categorized as Ultrashort Bond, while IWM is Small Cap Blend Equities. AGRH tracks BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross, while IWM tracks Russell 2000 Index. Their fees differ too: 0.13% for AGRH and 0.19% for IWM.

Which has better risk-adjusted returns?

AGRH currently has the higher Sharpe Ratio (4.41 vs 2.05), 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.