ANAZX vs. AGG
ANAZX (AB Global Bond Fund Class Z) and AGG (iShares Core U.S. Aggregate Bond ETF) are both funds - ANAZX is a Global Bonds fund managed by AllianceBernstein, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, ANAZX returned 1.77%/yr vs 1.53%/yr for AGG. A 0.74 correlation means they provide meaningful diversification when combined. ANAZX charges 0.52%/yr vs 0.03%/yr for AGG.
Performance
ANAZX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, ANAZX achieves a 0.87% return, which is significantly higher than AGG's 0.39% return. Over the past 10 years, ANAZX has outperformed AGG with an annualized return of 1.77%, while AGG has yielded a comparatively lower 1.53% annualized return.
ANAZX
- 1D
- 0.00%
- 1M
- 1.08%
- YTD
- 0.87%
- 6M
- 1.49%
- 1Y
- 3.36%
- 3Y*
- 4.90%
- 5Y*
- 0.37%
- 10Y*
- 1.77%
AGG
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 0.39%
- 6M
- 0.47%
- 1Y
- 4.45%
- 3Y*
- 3.94%
- 5Y*
- 0.06%
- 10Y*
- 1.53%
ANAZX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANAZX AB Global Bond Fund Class Z | 0.87% | 6.42% | 2.70% | 5.99% | -12.17% | -2.14% | 5.13% | 7.84% | 0.38% | 3.18% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.39% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between ANAZX and AGG is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013 | 0.74 |
The correlation between ANAZX and AGG shifts across timeframes, from 0.72 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ANAZX vs. AGG — Risk / Return Rank
ANAZX
AGG
ANAZX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund Class Z (ANAZX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ANAZX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.62 | -0.54 |
| Martin ratioReturn relative to average drawdown | 3.38 | 4.69 | -1.31 |
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Drawdowns
ANAZX vs. AGG - Drawdown Comparison
The maximum ANAZX drawdown since its inception was -17.24%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for ANAZX and AGG.
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Drawdown Indicators
| ANAZX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -18.43% | +1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -2.76% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -6.11% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -17.82% | +0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -17.24% | -18.43% | +1.19% |
Current DrawdownCurrent decline from peak | -0.87% | -2.01% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -2.71% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.95% | +0.05% |
Volatility
ANAZX vs. AGG - Volatility Comparison
AB Global Bond Fund Class Z (ANAZX) has a higher volatility of 1.19% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.11%. This indicates that ANAZX's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANAZX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.11% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.84% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 3.82% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 6.10% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 5.41% | -1.64% |
ANAZX vs. AGG - Expense Ratio Comparison
ANAZX has a 0.52% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
ANAZX vs. AGG - Dividend Comparison
ANAZX's dividend yield for the trailing twelve months is around 3.75%, less than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
ANAZX AB Global Bond Fund Class Z | 3.75% | 4.89% | 3.67% | 2.53% | 8.39% | 2.73% | 2.64% | 3.71% | 3.17% | 2.53% | 3.27% | 4.06% |
Frequently Asked Questions
ANAZX and AGG have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANAZX has higher volatility (1.19%) compared to AGG (1.11%). In terms of maximum drawdown, ANAZX dropped -17.24% vs AGG's -18.43%.
AGG currently has the higher Sharpe Ratio (1.17 vs 1.01), 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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