BIV vs. AGG
Compare and contrast key facts about Vanguard Intermediate-Term Bond ETF (BIV) and iShares Core U.S. Aggregate Bond ETF (AGG).
BIV and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both BIV and AGG 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: BIV or AGG.
Key characteristics
| BIV | AGG | |
|---|---|---|
| YTD Return | 1.64% | 1.78% |
| 1Y Return | 6.59% | 6.87% |
| 3Y Return (Ann) | -1.97% | -2.07% |
| 5Y Return (Ann) | 0.08% | -0.18% |
| 10Y Return (Ann) | 1.83% | 1.45% |
| Sharpe Ratio | 1.24 | 1.29 |
| Sortino Ratio | 1.83 | 1.88 |
| Omega Ratio | 1.22 | 1.23 |
| Calmar Ratio | 0.51 | 0.52 |
| Martin Ratio | 4.04 | 4.35 |
| Ulcer Index | 1.80% | 1.71% |
| Daily Std Dev | 5.88% | 5.79% |
| Max Drawdown | -18.94% | -18.43% |
| Current Drawdown | -8.73% | -8.52% |
Correlation
The correlation between BIV and AGG is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BIV vs. AGG - Performance Comparison
In the year-to-date period, BIV achieves a 1.64% return, which is significantly lower than AGG's 1.78% return. Over the past 10 years, BIV has outperformed AGG with an annualized return of 1.83%, while AGG has yielded a comparatively lower 1.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BIV vs. AGG - Expense Ratio Comparison
BIV has a 0.04% expense ratio, which is lower than AGG's 0.05% 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
BIV vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond ETF (BIV) 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.
Dividends
BIV vs. AGG - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 3.69%, more than AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond ETF | 3.69% | 3.10% | 2.41% | 3.42% | 2.96% | 2.75% | 2.87% | 2.69% | 2.38% | 3.02% | 3.96% | 4.21% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
BIV vs. AGG - Drawdown Comparison
The maximum BIV drawdown since its inception was -18.94%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BIV and AGG. For additional features, visit the drawdowns tool.
Volatility
BIV vs. AGG - Volatility Comparison
Vanguard Intermediate-Term Bond ETF (BIV) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.63% and 1.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.