FISR vs. AGG
FISR (SPDR SSGA Fixed Income Sector Rotation ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - FISR is a Intermediate Core-Plus Bond fund actively managed by State Street, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. FISR is actively managed, while AGG is passively managed. Over the past 5 years, FISR returned -0.78%/yr vs 0.10%/yr for AGG. Their correlation of 0.93 suggests significant overlap in exposure. FISR charges 0.50%/yr vs 0.03%/yr for AGG.
Performance
FISR vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, FISR achieves a -0.13% return, which is significantly lower than AGG's 0.25% return.
FISR
- 1D
- -0.39%
- 1M
- 0.21%
- YTD
- -0.13%
- 6M
- -0.33%
- 1Y
- 4.75%
- 3Y*
- 3.27%
- 5Y*
- -0.78%
- 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%
FISR vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FISR SPDR SSGA Fixed Income Sector Rotation ETF | -0.13% | 6.32% | 1.01% | 5.28% | -15.73% | -1.70% | 5.86% | 6.81% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.25% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 5.93% |
Correlation
The correlation between FISR and AGG is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019 | 0.93 |
The correlation between FISR and AGG has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
FISR vs. AGG — Risk / Return Rank
FISR
AGG
FISR vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) 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.
| FISR | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.87 | -0.31 |
| Martin ratioReturn relative to average drawdown | 4.53 | 5.73 | -1.20 |
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
| FISR | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.34 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.02 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.59 | -0.47 |
Drawdowns
FISR vs. AGG - Drawdown Comparison
The maximum FISR drawdown since its inception was -20.27%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for FISR and AGG.
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Drawdown Indicators
| FISR | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.27% | -18.43% | -1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.76% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -6.11% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -17.82% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -6.48% | -2.14% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -2.71% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.90% | +0.15% |
Volatility
FISR vs. AGG - Volatility Comparison
SPDR SSGA Fixed Income Sector Rotation ETF (FISR) has a higher volatility of 1.44% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.30%. This indicates that FISR'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
| FISR | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.30% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 2.74% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 3.85% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 6.09% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 5.40% | +0.95% |
FISR vs. AGG - Expense Ratio Comparison
FISR has a 0.50% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
FISR vs. AGG - Dividend Comparison
FISR's dividend yield for the trailing twelve months is around 4.19%, 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% |
FISR SPDR SSGA Fixed Income Sector Rotation ETF | 4.19% | 3.97% | 3.59% | 3.50% | 2.19% | 1.87% | 2.47% | 2.99% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, FISR 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.
FISR has higher volatility (1.44%) compared to AGG (1.30%). In terms of maximum drawdown, FISR dropped -20.27% vs AGG's -18.43%.
On 5-year performance, AGG leads with 0.10% vs -0.78% for FISR. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AGG has performed better with a 0.10% return vs -0.78%. 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 0.50% for FISR.
FISR has the higher dividend yield at 4.19%, compared with 3.99% for AGG.
FISR is categorized as Intermediate Core-Plus Bond, while AGG is Total Bond Market. They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for FISR and 0.03% for AGG.
AGG currently has the higher Sharpe Ratio (1.34 vs 1.09), 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.
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