BYLD vs. AGG
Compare and contrast key facts about iShares Yield Optimized Bond ETF (BYLD) and iShares Core U.S. Aggregate Bond ETF (AGG).
BYLD and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BYLD is a passively managed fund by iShares that tracks the performance of the Morningstar U.S. Bond Market Yield-Optimized Index. It was launched on Apr 22, 2014. 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 BYLD 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: BYLD or AGG.
Correlation
The correlation between BYLD and AGG is -0.01. 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
BYLD vs. AGG - Performance Comparison
Key characteristics
BYLD:
1.49
AGG:
1.31
BYLD:
2.18
AGG:
1.91
BYLD:
1.29
AGG:
1.23
BYLD:
1.38
AGG:
0.54
BYLD:
7.67
AGG:
3.38
BYLD:
0.95%
AGG:
2.09%
BYLD:
4.89%
AGG:
5.38%
BYLD:
-14.75%
AGG:
-18.43%
BYLD:
-0.59%
AGG:
-6.44%
Returns By Period
In the year-to-date period, BYLD achieves a 1.98% return, which is significantly lower than AGG's 2.74% return. Over the past 10 years, BYLD has outperformed AGG with an annualized return of 2.53%, while AGG has yielded a comparatively lower 1.48% annualized return.
BYLD
1.98%
0.22%
1.85%
7.31%
1.56%
2.53%
AGG
2.74%
0.78%
1.95%
7.41%
-0.71%
1.48%
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BYLD vs. AGG - Expense Ratio Comparison
BYLD has a 0.20% expense ratio, which is higher than AGG's 0.05% expense ratio. However, 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
BYLD vs. AGG — Risk-Adjusted Performance Rank
BYLD
AGG
BYLD vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) 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
BYLD vs. AGG - Dividend Comparison
BYLD's dividend yield for the trailing twelve months is around 5.45%, more than AGG's 3.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYLD iShares Yield Optimized Bond ETF | 5.45% | 5.31% | 4.45% | 3.39% | 2.18% | 3.41% | 3.67% | 4.22% | 3.22% | 3.14% | 3.37% | 2.12% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.76% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% |
Drawdowns
BYLD vs. AGG - Drawdown Comparison
The maximum BYLD drawdown since its inception was -14.75%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BYLD and AGG. For additional features, visit the drawdowns tool.
Volatility
BYLD vs. AGG - Volatility Comparison
iShares Yield Optimized Bond ETF (BYLD) has a higher volatility of 2.89% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 2.25%. This indicates that BYLD'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.