AGZ vs. ACWI
Compare and contrast key facts about iShares Agency Bond ETF (AGZ) and iShares MSCI ACWI ETF (ACWI).
AGZ and ACWI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGZ is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Agency Bond Index. It was launched on Nov 5, 2008. ACWI is a passively managed fund by iShares that tracks the performance of the MSCI All Country World Index. It was launched on Mar 26, 2008. Both AGZ and ACWI 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: AGZ or ACWI.
Key characteristics
| AGZ | ACWI | |
|---|---|---|
| YTD Return | 2.71% | 19.45% |
| 1Y Return | 5.94% | 30.10% |
| 3Y Return (Ann) | -0.19% | 5.99% |
| 5Y Return (Ann) | 0.86% | 11.45% |
| 10Y Return (Ann) | 1.58% | 9.47% |
| Sharpe Ratio | 1.82 | 2.58 |
| Sortino Ratio | 2.80 | 3.52 |
| Omega Ratio | 1.34 | 1.47 |
| Calmar Ratio | 0.78 | 3.40 |
| Martin Ratio | 8.58 | 16.84 |
| Ulcer Index | 0.68% | 1.79% |
| Daily Std Dev | 3.23% | 11.69% |
| Max Drawdown | -11.01% | -56.00% |
| Current Drawdown | -2.03% | -0.88% |
Correlation
The correlation between AGZ and ACWI is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AGZ vs. ACWI - Performance Comparison
In the year-to-date period, AGZ achieves a 2.71% return, which is significantly lower than ACWI's 19.45% return. Over the past 10 years, AGZ has underperformed ACWI with an annualized return of 1.58%, while ACWI has yielded a comparatively higher 9.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AGZ vs. ACWI - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Risk-Adjusted Performance
AGZ vs. ACWI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and iShares MSCI ACWI ETF (ACWI). 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
AGZ vs. ACWI - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.44%, more than ACWI's 1.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.44% | 3.14% | 1.57% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% | 1.19% |
ACWI iShares MSCI ACWI ETF | 1.57% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.25% | 1.94% | 2.19% | 2.56% | 2.26% | 1.89% |
Drawdowns
AGZ vs. ACWI - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for AGZ and ACWI. For additional features, visit the drawdowns tool.
Volatility
AGZ vs. ACWI - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 0.82%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.29%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.