FIBUX vs. AGG

Last updated Jun 4, 2026

FIBUX (Fidelity Flex U.S. Bond Index Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both Total Bond Market funds. Over the past 5 years, FIBUX returned 0.09%/yr vs 0.10%/yr for AGG. Their correlation of 0.93 suggests significant overlap in exposure. FIBUX charges 0.00%/yr vs 0.03%/yr for AGG.

Performance

FIBUX vs. AGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex U.S. Bond Index Fund (FIBUX) and iShares Core U.S. Aggregate Bond ETF (AGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIBUX achieves a 0.46% return, which is significantly higher than AGG's 0.25% return.

FIBUX

• 1D: 0.00%
• 1M: 0.46%
• YTD: 0.46%
• 6M: 0.33%
• 1Y: 5.40%
• 3Y*: 4.04%
• 5Y*: 0.09%
• 10Y*: —

AGG

• 1D: -0.21%
• 1M: 0.24%
• YTD: 0.25%
• 6M: 0.09%
• 1Y: 5.14%
• 3Y*: 3.95%
• 5Y*: 0.10%
• 10Y*: 1.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIBUX vs. AGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIBUX Fidelity Flex U.S. Bond Index Fund	0.46%	7.20%	1.31%	5.46%	-13.41%	-2.16%	7.08%	8.58%	0.12%	3.81%
AGG iShares Core U.S. Aggregate Bond ETF	0.25%	7.19%	1.31%	5.65%	-13.02%	-1.77%	7.48%	8.46%	0.09%	4.02%

Correlation

The correlation between FIBUX and AGG is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 10, 2017	0.93

The correlation between FIBUX and AGG has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

FIBUX vs. AGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIBUX

FIBUX Risk / Return Rank: 23
FIBUX Sharpe Ratio Rank: 23
FIBUX Sortino Ratio Rank: 24
FIBUX Omega Ratio Rank: 22
FIBUX Calmar Ratio Rank: 24
FIBUX Martin Ratio Rank: 21

AGG

AGG Risk / Return Rank: 36
AGG Sharpe Ratio Rank: 36
AGG Sortino Ratio Rank: 38
AGG Omega Ratio Rank: 35
AGG Calmar Ratio Rank: 37
AGG Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIBUX vs. AGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex U.S. Bond Index Fund (FIBUX) 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.

	FIBUX	AGG	Difference
Sharpe ratio Return per unit of total volatility	1.36	1.34	+0.02
Sortino ratio Return per unit of downside risk	2.03	2.00	+0.03
Omega ratio Gain probability vs. loss probability	1.24	1.24	+0.01
Calmar ratio Return relative to maximum drawdown	1.83	1.87	-0.04
Martin ratio Return relative to average drawdown	5.45	5.73	-0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIBUX vs. AGG - Sharpe Ratio Comparison

The current FIBUX Sharpe Ratio is 1.36, which is comparable to the AGG Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of FIBUX and AGG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIBUX	AGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	1.34	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.02	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.59	-0.24

Drawdowns

FIBUX vs. AGG - Drawdown Comparison

The maximum FIBUX drawdown since its inception was -19.76%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for FIBUX and AGG.

Drawdown Indicators

	FIBUX	AGG	Difference
Max Drawdown Largest peak-to-trough decline	-19.76%	-18.43%	-1.33%
Max Drawdown (1Y) Largest decline over 1 year	-2.97%	-2.76%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-6.09%	-6.11%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-18.40%	-17.82%	-0.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.43%	—
Current Drawdown Current decline from peak	-3.43%	-2.14%	-1.29%
Average Drawdown Average peak-to-trough decline	-5.79%	-2.71%	-3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.90%	+0.10%

Volatility

FIBUX vs. AGG - Volatility Comparison

Fidelity Flex U.S. Bond Index Fund (FIBUX) has a higher volatility of 1.38% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.30%. This indicates that FIBUX'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.

Volatility by Period

	FIBUX	AGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	1.30%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	2.74%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	4.02%	3.85%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.04%	6.09%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.11%	5.40%	-0.29%

FIBUX vs. AGG - Expense Ratio Comparison

FIBUX has a 0.00% expense ratio, which is lower than AGG's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FIBUX vs. AGG - Dividend Comparison

FIBUX's dividend yield for the trailing twelve months is around 4.08%, more than AGG's 3.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGG iShares Core U.S. Aggregate Bond ETF	3.99%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
FIBUX Fidelity Flex U.S. Bond Index Fund	4.08%	3.95%	3.65%	2.93%	1.62%	1.18%	2.32%	2.96%	2.70%	2.45%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIBUX and AGG in my portfolio?

With a correlation of 0.91, FIBUX and AGG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIBUX or AGG?

FIBUX has higher volatility (1.38%) compared to AGG (1.30%). In terms of maximum drawdown, FIBUX dropped -19.76% vs AGG's -18.43%.

Which has better risk-adjusted returns?

FIBUX currently has the higher Sharpe Ratio (1.36 vs 1.34), 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.