AGRH vs. SPY
Compare and contrast key facts about iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and SPDR S&P 500 ETF (SPY).
AGRH and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AGRH and SPY 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: AGRH or SPY.
Correlation
The correlation between AGRH and SPY is 0.39, 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.
Performance
AGRH vs. SPY - Performance Comparison
Key characteristics
AGRH:
3.73
SPY:
1.88
AGRH:
6.23
SPY:
2.51
AGRH:
1.84
SPY:
1.35
AGRH:
13.43
SPY:
2.83
AGRH:
53.74
SPY:
11.89
AGRH:
0.11%
SPY:
2.00%
AGRH:
1.52%
SPY:
12.69%
AGRH:
-1.50%
SPY:
-55.19%
AGRH:
-0.02%
SPY:
-3.89%
Returns By Period
In the year-to-date period, AGRH achieves a 0.14% return, which is significantly higher than SPY's -0.66% return.
AGRH
0.14%
0.43%
2.82%
5.63%
N/A
N/A
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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AGRH vs. SPY - Expense Ratio Comparison
AGRH has a 0.13% expense ratio, which is higher than SPY's 0.09% 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
AGRH vs. SPY — Risk-Adjusted Performance Rank
AGRH
SPY
AGRH vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and SPDR S&P 500 ETF (SPY). 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
AGRH vs. SPY - Dividend Comparison
AGRH's dividend yield for the trailing twelve months is around 5.16%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 5.16% | 5.17% | 4.69% | 1.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AGRH vs. SPY - Drawdown Comparison
The maximum AGRH drawdown since its inception was -1.50%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AGRH and SPY. For additional features, visit the drawdowns tool.
Volatility
AGRH vs. SPY - Volatility Comparison
The current volatility for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) is 0.41%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.61%. This indicates that AGRH experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.