AGZ vs. BINC
AGZ (iShares Agency Bond ETF) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - AGZ is a Government Bonds fund tracking the Bloomberg U.S. Agency Bond Index (USD), while BINC is a Multisector Bonds fund actively managed by iShares. AGZ is passively managed, while BINC is actively managed. Over the past 3 years, AGZ returned 4.10%/yr vs 7.02%/yr for BINC. A 0.66 correlation means they provide meaningful diversification when combined. AGZ charges 0.20%/yr vs 0.40%/yr for BINC.
Performance
AGZ vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, AGZ achieves a 0.16% return, which is significantly lower than BINC's 0.90% return.
AGZ
- 1D
- -0.13%
- 1M
- -0.03%
- YTD
- 0.16%
- 6M
- 0.29%
- 1Y
- 3.95%
- 3Y*
- 4.10%
- 5Y*
- 1.15%
- 10Y*
- 1.83%
BINC
- 1D
- -0.12%
- 1M
- 0.54%
- YTD
- 0.90%
- 6M
- 1.22%
- 1Y
- 5.80%
- 3Y*
- 7.02%
- 5Y*
- —
- 10Y*
- —
AGZ vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 0.16% | 6.05% | 3.08% | 2.91% |
BINC iShares Flexible Income Active ETF | 0.90% | 7.57% | 5.76% | 7.08% |
Correlation
The correlation between AGZ and BINC is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.66 |
The correlation between AGZ and BINC has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
AGZ vs. BINC — Risk / Return Rank
AGZ
BINC
AGZ vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and iShares Flexible Income Active ETF (BINC). 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.
| AGZ | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.51 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.17 | +0.77 |
| Martin ratioReturn relative to average drawdown | 9.76 | 8.53 | +1.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGZ | BINC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 2.56 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 2.36 | -1.68 |
Drawdowns
AGZ vs. BINC - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for AGZ and BINC.
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Drawdown Indicators
| AGZ | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -2.69% | -8.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -2.69% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -1.85% | -2.69% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -10.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.01% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.49% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -0.36% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.68% | -0.27% |
Volatility
AGZ vs. BINC - Volatility Comparison
iShares Agency Bond ETF (AGZ) and iShares Flexible Income Active ETF (BINC) have volatilities of 0.76% and 0.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZ | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.75% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 1.84% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 2.28% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 3.00% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 3.00% | +0.03% |
AGZ vs. BINC - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than BINC's 0.40% expense ratio.
Dividends
AGZ vs. BINC - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.73%, less than BINC's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.73% | 3.75% | 3.48% | 3.14% | 1.56% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% |
BINC iShares Flexible Income Active ETF | 5.86% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGZ and BINC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZ has higher volatility (0.76%) compared to BINC (0.75%). In terms of maximum drawdown, AGZ dropped -11.01% vs BINC's -2.69%.
On 3-year performance, BINC leads with 7.02% vs 4.10% for AGZ. On fees, AGZ is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BINC has performed better with a 7.02% return vs 4.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGZ is cheaper with a 0.20% expense ratio, compared with 0.40% for BINC.
BINC has the higher dividend yield at 5.86%, compared with 3.73% for AGZ.
AGZ is categorized as Government Bonds, while BINC is Multisector Bonds. Their fees differ too: 0.20% for AGZ and 0.40% for BINC.
BINC currently has the higher Sharpe Ratio (2.56 vs 1.54), 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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