AGRH vs. VCPAX

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX).

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. VCPAX is managed by Vanguard. It was launched on Oct 25, 2021.

Performance

AGRH vs. VCPAX - 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 Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX). The values are adjusted to include any dividend payments, if applicable.

AGRH vs. VCPAX - 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%
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares	-0.41%	8.06%	2.95%	6.80%	-1.43%

Returns By Period

In the year-to-date period, AGRH achieves a 0.36% return, which is significantly higher than VCPAX's -0.41% return.

AGRH

• 1D: 0.13%
• 1M: -0.03%
• YTD: 0.36%
• 6M: 2.20%
• 1Y: 5.36%
• 3Y*: 5.81%
• 5Y*: —
• 10Y*: —

VCPAX

• 1D: 0.47%
• 1M: -2.20%
• YTD: -0.41%
• 6M: 0.76%
• 1Y: 4.63%
• 3Y*: 4.80%
• 5Y*: —
• 10Y*: —

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

AGRH vs. VCPAX - Expense Ratio Comparison

AGRH has a 0.13% expense ratio, which is lower than VCPAX's 0.20% 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%.

VCPAX

Vanguard Core-Plus Bond Fund Admiral Shares

AGRH

iShares Interest Rate Hedged U.S. Aggregate Bond ETF

Return for Risk

AGRH vs. VCPAX — Risk / Return Rank

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

AGRH

AGRH Risk / Return Rank: 96
AGRH Sharpe Ratio Rank: 97
AGRH Sortino Ratio Rank: 98
AGRH Omega Ratio Rank: 98
AGRH Calmar Ratio Rank: 92
AGRH Martin Ratio Rank: 97

VCPAX

VCPAX Risk / Return Rank: 69
VCPAX Sharpe Ratio Rank: 69
VCPAX Sortino Ratio Rank: 70
VCPAX Omega Ratio Rank: 56
VCPAX Calmar Ratio Rank: 82
VCPAX Martin Ratio Rank: 69

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. VCPAX - 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 Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX). 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	VCPAX	Difference
Sharpe ratio Return per unit of total volatility	2.87	1.19	+1.68
Sortino ratio Return per unit of downside risk	4.04	1.72	+2.33
Omega ratio Gain probability vs. loss probability	1.69	1.22	+0.47
Calmar ratio Return relative to maximum drawdown	3.36	1.96	+1.40
Martin ratio Return relative to average drawdown	18.63	6.49	+12.14
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. VCPAX - Sharpe Ratio Comparison

The current AGRH Sharpe Ratio is 2.87, which is higher than the VCPAX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of AGRH and VCPAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AGRH	VCPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	1.19	+1.68
Sharpe Ratio (All Time) Calculated using the full available price history	3.03	0.15	+2.88

Correlation

The correlation between AGRH and VCPAX is 0.35, 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. VCPAX - Dividend Comparison

AGRH's dividend yield for the trailing twelve months is around 4.64%, more than VCPAX's 4.45% yield.

	TTM	2025	2024	2023	2022	2021
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	4.64%	4.63%	5.17%	4.69%	1.24%	0.00%
VCPAX Vanguard Core-Plus Bond Fund Admiral Shares	4.45%	4.86%	5.19%	4.55%	3.26%	0.27%

Drawdowns

AGRH vs. VCPAX - Drawdown Comparison

The maximum AGRH drawdown since its inception was -1.73%, smaller than the maximum VCPAX drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for AGRH and VCPAX.

Drawdown Indicators

	AGRH	VCPAX	Difference
Max Drawdown Largest peak-to-trough decline	-1.73%	-17.25%	+15.52%
Max Drawdown (1Y) Largest decline over 1 year	-1.57%	-2.72%	+1.15%
Current Drawdown Current decline from peak	-0.25%	-2.20%	+1.95%
Average Drawdown Average peak-to-trough decline	-0.16%	-6.65%	+6.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	0.82%	-0.54%

Volatility

AGRH vs. VCPAX - Volatility Comparison

The current volatility for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) is 0.59%, while Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) has a volatility of 1.56%. This indicates that AGRH experiences smaller price fluctuations and is considered to be less risky than VCPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGRH	VCPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	1.56%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	0.96%	2.35%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	1.88%	4.04%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.80%	5.70%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.80%	5.70%	-3.90%