BBAG vs. AGG
BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, BBAG returned -0.52%/yr vs -0.40%/yr for AGG. Their correlation of 0.94 means they have usually moved in the same direction. Both charge a 0.03% expense ratio.
Performance
BBAG vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, BBAG achieves a -0.66% return, which is significantly lower than AGG's -0.56% return.
BBAG
- 1D
- -0.24%
- 1M
- -1.27%
- 6M
- -0.87%
- YTD
- -0.66%
- 1Y
- 1.77%
- 3Y*
- 3.84%
- 5Y*
- -0.52%
- 10Y*
- —
- ALL TIME*
- 1.71%
AGG
- 1D
- -0.26%
- 1M
- -1.26%
- 6M
- -0.81%
- YTD
- -0.56%
- 1Y
- 1.83%
- 3Y*
- 3.95%
- 5Y*
- -0.40%
- 10Y*
- 1.37%
- ALL TIME*
- 3.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $763.20M | $778.44M | $807.34M | |
| $5.14M | $3.37M | $5.23M |
BBAG vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | -0.66% | 7.27% | 1.26% | 5.41% | -13.26% | -1.79% | 7.31% | 8.31% | 1.03% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.56% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 1.11% |
Correlation
The correlation between BBAG and AGG is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.94 |
The correlation between BBAG and AGG has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
BBAG vs. AGG — Risk / Return Rank
BBAG
AGG
BBAG vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) 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.
| BBAG | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.99 | -0.02 |
| Martin ratioReturn relative to average drawdown | 2.37 | 2.49 | -0.13 |
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Drawdowns
BBAG vs. AGG - Drawdown Comparison
The maximum BBAG drawdown since its inception was -18.73%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BBAG and AGG.
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Drawdown Indicators
| BBAG | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.73% | -18.43% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.76% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.10% | -4.98% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -17.82% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -3.65% | -2.94% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -2.70% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.09% | +0.04% |
Volatility
BBAG vs. AGG - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is 0.88%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.03%. This indicates that BBAG 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
| BBAG | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.03% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.98% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.78% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 6.10% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 5.41% | +0.35% |
BBAG vs. AGG - Expense Ratio Comparison
Both BBAG and AGG have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BBAG vs. AGG - Dividend Comparison
BBAG's dividend yield for the trailing twelve months is around 4.42%, more than AGG's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.71% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.05% | 4.29% | 4.25% | 3.60% | 2.23% | 1.44% | 2.26% | 2.92% | 0.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, BBAG and AGG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AGG has higher volatility (1.03%) compared to BBAG (0.88%). In terms of maximum drawdown, BBAG dropped -18.73% vs AGG's -18.43%.
On 5-year performance, AGG leads with -0.40% vs -0.52% for BBAG. Both ETFs have the same 0.03% expense ratio. On volatility, BBAG has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AGG has performed better with a -0.40% return vs -0.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAG and AGG have the same expense ratio: 0.03% per year.
BBAG has the higher dividend yield at 4.05%, compared with 3.71% for AGG.
BBAG is categorized as Intermediate Core Bond, while AGG is Total Bond Market. BBAG tracks Bloomberg US Aggregate Bond Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: JPMorgan and iShares.
AGG currently has the higher Sharpe Ratio (0.72 vs 0.70), 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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