CALY vs. IAGG
CALY (Callaway Golf Company) is a stock, while IAGG (iShares Core International Aggregate Bond ETF) is Global Bonds fund tracking the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. CALY is actively managed, while IAGG is passively managed. Over the past 10 years, CALY returned 6.19%/yr vs 2.19%/yr for IAGG. At a 0.06 correlation, their price movements are largely independent. CALY charges 0.20%/yr vs 0.07%/yr for IAGG.
Performance
CALY vs. IAGG - Performance Comparison
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Returns By Period
In the year-to-date period, CALY achieves a 54.41% return, which is significantly higher than IAGG's 1.48% return. Over the past 10 years, CALY has outperformed IAGG with an annualized return of 6.19%, while IAGG has yielded a comparatively lower 2.19% annualized return.
CALY
- 1D
- -1.10%
- 1M
- 17.17%
- YTD
- 54.41%
- 6M
- 52.45%
- 1Y
- 116.85%
- 3Y*
- -2.09%
- 5Y*
- -11.94%
- 10Y*
- 6.19%
IAGG
- 1D
- -0.16%
- 1M
- 0.82%
- YTD
- 1.48%
- 6M
- 1.62%
- 1Y
- 2.53%
- 3Y*
- 4.71%
- 5Y*
- 1.23%
- 10Y*
- 2.19%
CALY vs. IAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALY Callaway Golf Company | 54.41% | 48.47% | -45.19% | -27.39% | -28.02% | 14.29% | 13.39% | 38.88% | 10.07% | 27.51% |
IAGG iShares Core International Aggregate Bond ETF | 1.48% | 3.26% | 4.51% | 8.49% | -10.86% | -1.87% | 4.63% | 7.99% | 3.38% | 2.09% |
Correlation
The correlation between CALY and IAGG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2015 | 0.06 |
The correlation between CALY and IAGG shifts across timeframes, from 0.06 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CALY vs. IAGG — Risk / Return Rank
CALY
IAGG
CALY vs. IAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Callaway Golf Company (CALY) and iShares Core International Aggregate Bond ETF (IAGG). 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.
| CALY | IAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 1.10 | +4.68 |
| Martin ratioReturn relative to average drawdown | 13.57 | 3.21 | +10.36 |
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Drawdowns
CALY vs. IAGG - Drawdown Comparison
The maximum CALY drawdown since its inception was -85.06%, which is greater than IAGG's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for CALY and IAGG.
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Drawdown Indicators
| CALY | IAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.06% | -13.88% | -71.18% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -2.32% | -18.05% |
Max Drawdown (3Y)Largest decline over 3 years | -72.76% | -2.32% | -70.44% |
Max Drawdown (5Y)Largest decline over 5 years | -83.67% | -13.57% | -70.10% |
Max Drawdown (10Y)Largest decline over 10 years | -85.06% | -13.88% | -71.18% |
Current DrawdownCurrent decline from peak | -51.68% | -0.43% | -51.25% |
Average DrawdownAverage peak-to-trough decline | -50.54% | -2.84% | -47.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.64% | 0.79% | +7.85% |
Volatility
CALY vs. IAGG - Volatility Comparison
Callaway Golf Company (CALY) has a higher volatility of 11.34% compared to iShares Core International Aggregate Bond ETF (IAGG) at 0.74%. This indicates that CALY's price experiences larger fluctuations and is considered to be riskier than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CALY | IAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 0.74% | +10.60% |
Volatility (6M)Calculated over the trailing 6-month period | 38.51% | 2.46% | +36.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.85% | 2.87% | +55.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.11% | 4.51% | +46.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.57% | 4.05% | +45.52% |
CALY vs. IAGG - Expense Ratio Comparison
CALY has a 0.20% expense ratio, which is higher than IAGG's 0.07% 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%.
Dividends
CALY vs. IAGG - Dividend Comparison
CALY has not paid dividends to shareholders, while IAGG's dividend yield for the trailing twelve months is around 3.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALY Callaway Golf Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.19% | 0.26% | 0.29% | 0.36% | 0.42% |
IAGG iShares Core International Aggregate Bond ETF | 3.64% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
CALY and IAGG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CALY has higher volatility (11.34%) compared to IAGG (0.74%). In terms of maximum drawdown, CALY dropped -85.06% vs IAGG's -13.88%.
CALY currently has the higher Sharpe Ratio (2.00 vs 0.89), 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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