ARBNX vs. AGG
Compare and contrast key facts about The Arbitrage Fund Class Institutional (ARBNX) and iShares Core U.S. Aggregate Bond ETF (AGG).
ARBNX is managed by Arbitrage Funds. It was launched on Oct 17, 2003. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Performance
ARBNX vs. AGG - Performance Comparison
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ARBNX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARBNX The Arbitrage Fund Class Institutional | 0.78% | 8.29% | 2.95% | 6.05% | -0.67% | 1.05% | 5.71% | 3.84% | 2.33% | 2.87% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.09% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Returns By Period
In the year-to-date period, ARBNX achieves a 0.78% return, which is significantly higher than AGG's 0.09% return. Over the past 10 years, ARBNX has outperformed AGG with an annualized return of 3.48%, while AGG has yielded a comparatively lower 1.66% annualized return.
ARBNX
- 1D
- 0.21%
- 1M
- -0.07%
- YTD
- 0.78%
- 6M
- 2.79%
- 1Y
- 6.44%
- 3Y*
- 5.93%
- 5Y*
- 3.24%
- 10Y*
- 3.48%
AGG
- 1D
- 0.07%
- 1M
- -1.33%
- YTD
- 0.09%
- 6M
- 0.78%
- 1Y
- 4.05%
- 3Y*
- 3.62%
- 5Y*
- 0.24%
- 10Y*
- 1.66%
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ARBNX vs. AGG - Expense Ratio Comparison
ARBNX has a 1.49% expense ratio, which is higher than AGG's 0.03% expense ratio.
Return for Risk
ARBNX vs. AGG — Risk / Return Rank
ARBNX
AGG
ARBNX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Arbitrage Fund Class Institutional (ARBNX) 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.
| ARBNX | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.69 | 0.93 | +1.76 |
Sortino ratioReturn per unit of downside risk | 4.19 | 1.32 | +2.86 |
Omega ratioGain probability vs. loss probability | 1.63 | 1.17 | +0.47 |
Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.76 | +2.02 |
Martin ratioReturn relative to average drawdown | 18.61 | 4.89 | +13.72 |
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
| ARBNX | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 0.93 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.04 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.31 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.60 | -0.02 |
Correlation
The correlation between ARBNX and AGG is -0.03. 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
ARBNX vs. AGG - Dividend Comparison
ARBNX's dividend yield for the trailing twelve months is around 3.69%, less than AGG's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARBNX The Arbitrage Fund Class Institutional | 3.69% | 3.72% | 1.18% | 2.11% | 3.85% | 0.51% | 6.70% | 2.12% | 1.93% | 3.80% | 0.93% | 2.30% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.95% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Drawdowns
ARBNX vs. AGG - Drawdown Comparison
The maximum ARBNX drawdown since its inception was -14.42%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for ARBNX and AGG.
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Drawdown Indicators
| ARBNX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.42% | -18.43% | +4.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -2.52% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -7.44% | -17.82% | +10.38% |
Max Drawdown (10Y)Largest decline over 10 years | -11.90% | -18.43% | +6.53% |
Current DrawdownCurrent decline from peak | -0.14% | -2.30% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -2.71% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.91% | -0.56% |
Volatility
ARBNX vs. AGG - Volatility Comparison
The current volatility for The Arbitrage Fund Class Institutional (ARBNX) is 0.65%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.67%. This indicates that ARBNX experiences smaller price fluctuations and is considered to be less risky 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
| ARBNX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 1.67% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 2.55% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 4.37% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.65% | 6.07% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 5.39% | -0.97% |