CORP vs. AGG
Compare and contrast key facts about PIMCO Investment Grade Corporate Bond Index ETF (CORP) and iShares Core U.S. Aggregate Bond ETF (AGG).
CORP and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CORP is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Corporate. It was launched on Sep 20, 2010. 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 CORP 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: CORP or AGG.
Correlation
The correlation between CORP and AGG is 0.82, 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
CORP vs. AGG - Performance Comparison
Key characteristics
CORP:
0.93
AGG:
0.73
CORP:
1.35
AGG:
1.08
CORP:
1.16
AGG:
1.13
CORP:
0.44
AGG:
0.29
CORP:
2.96
AGG:
1.82
CORP:
1.75%
AGG:
2.11%
CORP:
5.60%
AGG:
5.24%
CORP:
-21.21%
AGG:
-18.43%
CORP:
-4.79%
AGG:
-8.11%
Returns By Period
In the year-to-date period, CORP achieves a 1.07% return, which is significantly higher than AGG's 0.90% return. Over the past 10 years, CORP has outperformed AGG with an annualized return of 2.67%, while AGG has yielded a comparatively lower 1.36% annualized return.
CORP
1.07%
1.07%
-0.57%
5.26%
0.39%
2.67%
AGG
0.90%
0.88%
-1.39%
4.08%
-0.65%
1.36%
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CORP vs. AGG - Expense Ratio Comparison
CORP 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
CORP vs. AGG — Risk-Adjusted Performance Rank
CORP
AGG
CORP vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) 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
CORP vs. AGG - Dividend Comparison
CORP's dividend yield for the trailing twelve months is around 4.75%, more than AGG's 3.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP PIMCO Investment Grade Corporate Bond Index ETF | 4.75% | 4.74% | 4.84% | 3.28% | 2.51% | 2.90% | 3.25% | 3.49% | 3.08% | 2.91% | 3.14% | 3.55% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.75% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% |
Drawdowns
CORP vs. AGG - Drawdown Comparison
The maximum CORP drawdown since its inception was -21.21%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for CORP and AGG. For additional features, visit the drawdowns tool.
Volatility
CORP vs. AGG - Volatility Comparison
PIMCO Investment Grade Corporate Bond Index ETF (CORP) has a higher volatility of 1.60% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.45%. This indicates that CORP'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.