CLTL vs. AGG
Compare and contrast key facts about Invesco Treasury Collateral ETF (CLTL) and iShares Core U.S. Aggregate Bond ETF (AGG).
CLTL and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLTL is a passively managed fund by Invesco that tracks the performance of the U.S. Treasury Short Term Index. It was launched on Jan 12, 2017. 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 CLTL 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: CLTL or AGG.
Key characteristics
| CLTL | AGG |
|---|
Correlation
The correlation between CLTL and AGG is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CLTL vs. AGG - Performance Comparison
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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CLTL vs. AGG - Expense Ratio Comparison
CLTL has a 0.08% 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
CLTL vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Treasury Collateral ETF (CLTL) 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
CLTL vs. AGG - Dividend Comparison
CLTL has not paid dividends to shareholders, while AGG's dividend yield for the trailing twelve months is around 3.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLTL Invesco Treasury Collateral ETF | 3.75% | 4.63% | 1.37% | 0.03% | 0.80% | 2.24% | 1.69% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.15% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
CLTL vs. AGG - Drawdown Comparison
Volatility
CLTL vs. AGG - Volatility Comparison
The current volatility for Invesco Treasury Collateral ETF (CLTL) is 0.00%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.78%. This indicates that CLTL 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.