FALN vs. AGG
Compare and contrast key facts about iShares Fallen Angels USD Bond ETF (FALN) and iShares Core U.S. Aggregate Bond ETF (AGG).
FALN and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both FALN 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.
Performance
FALN vs. AGG - Performance Comparison
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FALN vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | -1.06% | 8.92% | 7.68% | 13.47% | -13.79% | 5.40% | 14.85% | 17.42% | -4.97% | 8.70% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.02% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Returns By Period
In the year-to-date period, FALN achieves a -1.06% return, which is significantly lower than AGG's 0.02% return.
FALN
- 1D
- 1.04%
- 1M
- -2.55%
- YTD
- -1.06%
- 6M
- -0.67%
- 1Y
- 6.34%
- 3Y*
- 8.32%
- 5Y*
- 3.59%
- 10Y*
- —
AGG
- 1D
- 0.23%
- 1M
- -1.79%
- YTD
- 0.02%
- 6M
- 0.97%
- 1Y
- 4.36%
- 3Y*
- 3.59%
- 5Y*
- 0.23%
- 10Y*
- 1.66%
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FALN vs. AGG - Expense Ratio Comparison
FALN has a 0.25% 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%.
Return for Risk
FALN vs. AGG — Risk / Return Rank
FALN
AGG
FALN vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) 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.
| FALN | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.00 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.42 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.81 | -0.67 |
Martin ratioReturn relative to average drawdown | 4.96 | 5.07 | -0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FALN | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.00 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.04 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.59 | +0.12 |
Correlation
The correlation between FALN and AGG is 0.37, 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.
Dividends
FALN vs. AGG - Dividend Comparison
FALN's dividend yield for the trailing twelve months is around 6.51%, more than AGG's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FALN iShares Fallen Angels USD Bond ETF | 6.51% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.93% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Drawdowns
FALN vs. AGG - Drawdown Comparison
The maximum FALN drawdown since its inception was -29.22%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for FALN and AGG.
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Drawdown Indicators
| FALN | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -18.43% | -10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -2.52% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | -17.82% | -0.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -2.83% | -2.36% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -2.71% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.90% | +0.39% |
Volatility
FALN vs. AGG - Volatility Comparison
iShares Fallen Angels USD Bond ETF (FALN) has a higher volatility of 2.77% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.66%. This indicates that FALN'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.
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Volatility by Period
| FALN | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 1.66% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 2.55% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.90% | 4.37% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.28% | 6.07% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.01% | 5.39% | +3.62% |