AGZ vs. IVV
Compare and contrast key facts about iShares Agency Bond ETF (AGZ) and iShares Core S&P 500 ETF (IVV).
AGZ and IVV 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 Bloomberg U.S. Agency Bond Index (USD). It was launched on Nov 5, 2008. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both AGZ and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AGZ vs. IVV - Performance Comparison
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AGZ vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 0.11% | 6.05% | 3.08% | 5.18% | -7.77% | -1.05% | 5.77% | 5.51% | 1.32% | 2.01% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, AGZ achieves a 0.11% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, AGZ has underperformed IVV with an annualized return of 1.88%, while IVV has yielded a comparatively higher 14.02% annualized return.
AGZ
- 1D
- -0.11%
- 1M
- -0.84%
- YTD
- 0.11%
- 6M
- 1.24%
- 1Y
- 4.08%
- 3Y*
- 4.05%
- 5Y*
- 1.23%
- 10Y*
- 1.88%
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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AGZ vs. IVV - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is higher than IVV's 0.03% 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%.
Return for Risk
AGZ vs. IVV — Risk / Return Rank
AGZ
IVV
AGZ vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.97 | +0.47 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.49 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.53 | +1.69 |
Martin ratioReturn relative to average drawdown | 10.47 | 7.32 | +3.15 |
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 | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.97 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.70 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.78 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.42 | +0.27 |
Correlation
The correlation between AGZ and IVV 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.
Dividends
AGZ vs. IVV - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.76%, more than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.76% | 3.75% | 3.48% | 3.14% | 1.56% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
AGZ vs. IVV - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for AGZ and IVV.
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Drawdown Indicators
| AGZ | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.01% | -55.25% | +44.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.30% | -12.06% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -10.66% | -24.53% | +13.87% |
Max Drawdown (10Y)Largest decline over 10 years | -11.01% | -33.90% | +22.89% |
Current DrawdownCurrent decline from peak | -0.84% | -6.26% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -10.85% | +9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 2.53% | -2.13% |
Volatility
AGZ vs. IVV - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 1.16%, while iShares Core S&P 500 ETF (IVV) has a volatility of 5.30%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZ | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 5.30% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 9.45% | -7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.85% | 18.31% | -15.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.53% | 16.89% | -13.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.03% | 18.04% | -15.01% |