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AGRH vs. SVARX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AGRH vs. SVARX

Last updated Jun 24, 2026

AGRH (iShares Interest Rate Hedged U.S. Aggregate Bond ETF) and SVARX (Spectrum Low Volatility Fund) are both funds - AGRH is a Ultrashort Bond fund tracking the BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross, while SVARX is a Nontraditional Bonds fund managed by Advisors Preferred. Over the past 3 years, AGRH returned 5.85%/yr vs 6.72%/yr for SVARX. At a 0.41 correlation, their price movements are largely independent. AGRH charges 0.13%/yr vs 2.34%/yr for SVARX.

Performance

AGRH vs. SVARX - 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 Spectrum Low Volatility Fund (SVARX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AGRH achieves a 1.99% return, which is significantly higher than SVARX's 1.14% return.

AGRH

1D
0.00%
1M
0.38%
YTD
1.99%
6M
2.21%
1Y
6.18%
3Y*
5.85%
5Y*
—
10Y*
—

SVARX

1D
-0.17%
1M
0.42%
YTD
1.14%
6M
1.49%
1Y
5.38%
3Y*
6.72%
5Y*
3.13%
10Y*
6.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGRH vs. SVARX - Yearly Performance Comparison

2026 (YTD)2025202420232022
AGRH
iShares Interest Rate Hedged U.S. Aggregate Bond ETF		1.99%6.00%5.93%6.40%1.76%
SVARX
Spectrum Low Volatility Fund		1.14%6.22%2.60%9.67%-0.50%

Correlation

The correlation between AGRH and SVARX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2022

0.41

Compare stocks, funds, or ETFs

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iShares Interest Rate Hedged U.S. Aggregate Bond ETF

Spectrum Low Volatility Fund

Often compared with AGRH:
AGRH vs. VGSHAGRH vs. AAAAGRH vs. AGGAGRH vs. OSTIXAGRH vs. SPYAGRH vs. CLOZAGRH vs. USFR
Often compared with SVARX:
SVARX vs. ACWVSVARX vs. HFSAXSVARX vs. VMFXXSVARX vs. BILSVARX vs. VOOSVARX vs. VWNEXSVARX vs. AGZD

Return for Risk

AGRH vs. SVARX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGRH
AGRH Risk / Return Rank: 9797
Overall Rank
AGRH Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
AGRH Sortino Ratio Rank: 9898
Sortino Ratio Rank
AGRH Omega Ratio Rank: 9898
Omega Ratio Rank
AGRH Calmar Ratio Rank: 9797
Calmar Ratio Rank
AGRH Martin Ratio Rank: 9797
Martin Ratio Rank
SVARX
SVARX Risk / Return Rank: 4848
Overall Rank
SVARX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
SVARX Sortino Ratio Rank: 5050
Sortino Ratio Rank
SVARX Omega Ratio Rank: 7272
Omega Ratio Rank
SVARX Calmar Ratio Rank: 3737
Calmar Ratio Rank
SVARX Martin Ratio Rank: 2222
Martin Ratio Rank
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. SVARX - 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 Spectrum Low Volatility Fund (SVARX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

AGRHSVARXDifference
Sharpe ratioReturn per unit of total volatility
4.32
2.07

+2.25

Sortino ratioReturn per unit of downside risk
7.54
2.74

+4.80

Omega ratioGain probability vs. loss probability

2.10

1.43

+0.66

Calmar ratioReturn relative to maximum drawdown

9.25

2.20

+7.04

Martin ratioReturn relative to average drawdown

43.99

4.94

+39.04

AGRH vs. SVARX - Sharpe Ratio Comparison

The current AGRH Sharpe Ratio is 4.32, which is higher than the SVARX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of AGRH and SVARX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AGRH vs. SVARX - Drawdown Comparison

The maximum AGRH drawdown since its inception was -1.73%, smaller than the maximum SVARX drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for AGRH and SVARX.

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Drawdown Indicators

AGRHSVARXDifference

Max Drawdown

Largest peak-to-trough decline

-1.73%

-6.48%

+4.75%

Max Drawdown (1Y)

Largest decline over 1 year

-0.67%

-2.55%

+1.88%

Max Drawdown (3Y)

Largest decline over 3 years

-1.73%

-2.55%

+0.82%

Max Drawdown (5Y)

Largest decline over 5 years

—

-6.48%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-6.48%

—

Current Drawdown

Current decline from peak

-0.00%

-1.65%

+1.65%

Average Drawdown

Average peak-to-trough decline

-0.15%

-1.23%

+1.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.14%

1.14%

-1.00%

Volatility

AGRH vs. SVARX - Volatility Comparison

The current volatility for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) is 0.28%, while Spectrum Low Volatility Fund (SVARX) has a volatility of 0.85%. This indicates that AGRH experiences smaller price fluctuations and is considered to be less risky than SVARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AGRHSVARXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.28%

0.85%

-0.57%

Volatility (6M)

Calculated over the trailing 6-month period

1.00%

2.22%

-1.22%

Volatility (1Y)

Calculated over the trailing 1-year period

1.44%

2.72%

-1.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.77%

3.10%

-1.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.77%

3.67%

-1.90%

AGRH vs. SVARX - Expense Ratio Comparison

AGRH has a 0.13% expense ratio, which is lower than SVARX's 2.34% expense ratio.

Dividends

AGRH vs. SVARX - Dividend Comparison

AGRH's dividend yield for the trailing twelve months is around 4.17%, less than SVARX's 5.88% yield.

PositionTTM20252024202320222021202020192018201720162015
AGRH
iShares Interest Rate Hedged U.S. Aggregate Bond ETF		4.17%4.63%5.17%4.69%1.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SVARX
Spectrum Low Volatility Fund		5.88%5.95%9.35%3.35%0.00%5.85%0.71%4.91%2.41%6.90%9.07%3.02%

Frequently Asked Questions

AGRH and SVARX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SVARX has higher volatility (0.85%) compared to AGRH (0.28%). In terms of maximum drawdown, AGRH dropped -1.73% vs SVARX's -6.48%.

AGRH currently has the higher Sharpe Ratio (4.32 vs 2.07), 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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