AGZ vs. NYF
Compare and contrast key facts about iShares Agency Bond ETF (AGZ) and iShares New York Muni Bond ETF (NYF).
AGZ and NYF 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. NYF is a passively managed fund by iShares that tracks the performance of the S&P New York AMT-Free Municipal Bond Index. It was launched on Oct 4, 2007. Both AGZ and NYF 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 NYF.
Correlation
The correlation between AGZ and NYF is -0.18. 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. NYF - Performance Comparison
Key characteristics
AGZ:
1.98
NYF:
0.08
AGZ:
3.01
NYF:
0.13
AGZ:
1.38
NYF:
1.02
AGZ:
1.12
NYF:
0.08
AGZ:
7.96
NYF:
0.26
AGZ:
0.80%
NYF:
1.42%
AGZ:
3.22%
NYF:
4.61%
AGZ:
-11.23%
NYF:
-13.12%
AGZ:
-0.07%
NYF:
-3.47%
Returns By Period
In the year-to-date period, AGZ achieves a 2.55% return, which is significantly higher than NYF's -1.67% return. Both investments have delivered pretty close results over the past 10 years, with AGZ having a 1.70% annualized return and NYF not far behind at 1.64%.
AGZ
2.55%
1.04%
2.43%
6.59%
0.44%
1.70%
NYF
-1.67%
-0.71%
-1.45%
0.70%
0.87%
1.64%
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AGZ vs. NYF - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than NYF's 0.25% 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%.
Risk-Adjusted Performance
AGZ vs. NYF — Risk-Adjusted Performance Rank
AGZ
NYF
AGZ vs. NYF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and iShares New York Muni Bond ETF (NYF). 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. NYF - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.54%, more than NYF's 2.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.54% | 3.48% | 3.14% | 1.56% | 0.71% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% |
NYF iShares New York Muni Bond ETF | 2.89% | 2.77% | 2.36% | 2.04% | 1.85% | 1.98% | 2.19% | 2.48% | 2.46% | 2.43% | 2.60% | 2.81% |
Drawdowns
AGZ vs. NYF - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.23%, smaller than the maximum NYF drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for AGZ and NYF. For additional features, visit the drawdowns tool.
Volatility
AGZ vs. NYF - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 1.43%, while iShares New York Muni Bond ETF (NYF) has a volatility of 2.99%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than NYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.