CRBN vs. AGG
CRBN (iShares MSCI ACWI Low Carbon Target ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - CRBN is a Large Cap Growth Equities fund tracking the MSCI ACWI Low Carbon Target Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, CRBN returned 12.97%/yr vs 1.54%/yr for AGG. At a 0.07 correlation, their price movements are largely independent. CRBN charges 0.20%/yr vs 0.03%/yr for AGG.
Performance
CRBN vs. AGG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRBN achieves a 8.70% return, which is significantly higher than AGG's 0.47% return. Over the past 10 years, CRBN has outperformed AGG with an annualized return of 12.97%, while AGG has yielded a comparatively lower 1.54% annualized return.
CRBN
- 1D
- -2.26%
- 1M
- -0.57%
- YTD
- 8.70%
- 6M
- 8.00%
- 1Y
- 23.95%
- 3Y*
- 20.07%
- 5Y*
- 10.57%
- 10Y*
- 12.97%
AGG
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 0.47%
- 6M
- 0.55%
- 1Y
- 4.33%
- 3Y*
- 3.96%
- 5Y*
- 0.07%
- 10Y*
- 1.54%
CRBN vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRBN iShares MSCI ACWI Low Carbon Target ETF | 8.70% | 21.85% | 19.29% | 22.31% | -19.12% | 18.82% | 16.83% | 28.65% | -9.80% | 23.49% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.47% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between CRBN and AGG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2014 | 0.07 |
Over the past year, CRBN and AGG have become more correlated (0.40) than their long-term average of 0.07, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRBN vs. AGG — Risk / Return Rank
CRBN
AGG
CRBN vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI Low Carbon Target ETF (CRBN) 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.
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.
| CRBN | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.20 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 1.57 | +0.81 |
| Martin ratioReturn relative to average drawdown | 10.28 | 4.54 | +5.74 |
Loading charts...
Drawdowns
CRBN vs. AGG - Drawdown Comparison
The maximum CRBN drawdown since its inception was -33.13%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for CRBN and AGG.
Loading charts...
Drawdown Indicators
| CRBN | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -18.43% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -2.76% | -7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -6.11% | -10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -27.04% | -17.82% | -9.22% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | -18.43% | -14.70% |
Current DrawdownCurrent decline from peak | -2.81% | -1.93% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -2.71% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 0.96% | +1.38% |
Volatility
CRBN vs. AGG - Volatility Comparison
iShares MSCI ACWI Low Carbon Target ETF (CRBN) has a higher volatility of 5.39% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.10%. This indicates that CRBN'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.
Loading charts...
Volatility by Period
| CRBN | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 1.10% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 2.83% | +8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.81% | 3.81% | +10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 6.10% | +10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 5.41% | +11.47% |
CRBN vs. AGG - Expense Ratio Comparison
CRBN has a 0.20% expense ratio, which is higher than AGG's 0.03% 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
CRBN vs. AGG - Dividend Comparison
CRBN's dividend yield for the trailing twelve months is around 2.05%, less than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
CRBN iShares MSCI ACWI Low Carbon Target ETF | 2.05% | 2.21% | 1.94% | 2.01% | 1.95% | 1.57% | 1.41% | 2.27% | 2.51% | 2.05% | 2.27% | 2.01% |
Frequently Asked Questions
CRBN and AGG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRBN has higher volatility (5.39%) compared to AGG (1.10%). In terms of maximum drawdown, CRBN dropped -33.13% vs AGG's -18.43%.
On 10-year performance, CRBN leads with 12.97% vs 1.54% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CRBN has performed better with a 12.97% return vs 1.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGG is cheaper with a 0.03% expense ratio, compared with 0.20% for CRBN.
AGG has the higher dividend yield at 3.98%, compared with 2.05% for CRBN.
CRBN is categorized as Large Cap Growth Equities, while AGG is Total Bond Market. CRBN tracks MSCI ACWI Low Carbon Target Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. Their fees differ too: 0.20% for CRBN and 0.03% for AGG.
CRBN currently has the higher Sharpe Ratio (1.75 vs 1.14), 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.
Find the right allocation for CRBN and AGG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer