FISR vs. IAGG
FISR (SPDR SSGA Fixed Income Sector Rotation ETF) and IAGG (iShares Core International Aggregate Bond ETF) are both exchange-traded funds - FISR is a Intermediate Core-Plus Bond fund actively managed by State Street, while IAGG is a Global Bonds fund tracking the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. FISR is actively managed, while IAGG is passively managed. Over the past 5 years, FISR returned -0.78%/yr vs 1.11%/yr for IAGG. A 0.73 correlation means they provide meaningful diversification when combined. FISR charges 0.50%/yr vs 0.07%/yr for IAGG.
Performance
FISR vs. IAGG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FISR achieves a -0.13% return, which is significantly lower than IAGG's 0.92% return.
FISR
- 1D
- -0.39%
- 1M
- 0.21%
- YTD
- -0.13%
- 6M
- -0.33%
- 1Y
- 4.75%
- 3Y*
- 3.27%
- 5Y*
- -0.78%
- 10Y*
- —
IAGG
- 1D
- -0.20%
- 1M
- 0.66%
- YTD
- 0.92%
- 6M
- 0.72%
- 1Y
- 2.30%
- 3Y*
- 4.59%
- 5Y*
- 1.11%
- 10Y*
- 2.17%
FISR vs. IAGG - 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% |
IAGG iShares Core International Aggregate Bond ETF | 0.92% | 3.26% | 4.51% | 8.49% | -10.86% | -1.87% | 4.63% | 5.31% |
Correlation
The correlation between FISR and IAGG is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019 | 0.74 |
The correlation between FISR and IAGG has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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
FISR vs. IAGG — Risk / Return Rank
FISR
IAGG
FISR vs. IAGG - 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 International Aggregate Bond ETF (IAGG). 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 | IAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.00 | +0.56 |
| Martin ratioReturn relative to average drawdown | 4.53 | 2.99 | +1.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FISR | IAGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.81 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.25 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.62 | -0.49 |
Drawdowns
FISR vs. IAGG - Drawdown Comparison
The maximum FISR drawdown since its inception was -20.27%, which is greater than IAGG's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for FISR and IAGG.
Loading charts...
Drawdown Indicators
| FISR | IAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.27% | -13.88% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.32% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -2.32% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -13.57% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.88% | — |
Current DrawdownCurrent decline from peak | -6.48% | -0.98% | -5.50% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -2.85% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.77% | +0.28% |
Volatility
FISR vs. IAGG - Volatility Comparison
SPDR SSGA Fixed Income Sector Rotation ETF (FISR) has a higher volatility of 1.44% compared to iShares Core International Aggregate Bond ETF (IAGG) at 1.18%. This indicates that FISR's price experiences larger fluctuations and is considered to be riskier than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FISR | IAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.18% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 2.40% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 2.84% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 4.51% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 4.05% | +2.30% |
FISR vs. IAGG - Expense Ratio Comparison
FISR has a 0.50% expense ratio, which is higher than IAGG's 0.07% expense ratio.
Dividends
FISR vs. IAGG - Dividend Comparison
FISR's dividend yield for the trailing twelve months is around 4.19%, more than IAGG's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IAGG iShares Core International Aggregate Bond ETF | 3.66% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
FISR and IAGG have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FISR has higher volatility (1.44%) compared to IAGG (1.18%). In terms of maximum drawdown, FISR dropped -20.27% vs IAGG's -13.88%.
On 5-year performance, IAGG leads with 1.11% vs -0.78% for FISR. On fees, IAGG is cheaper at 0.07% per year. On volatility, IAGG has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IAGG has performed better with a 1.11% return vs -0.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAGG is cheaper with a 0.07% expense ratio, compared with 0.50% for FISR.
FISR has the higher dividend yield at 4.19%, compared with 3.66% for IAGG.
FISR is categorized as Intermediate Core-Plus Bond, while IAGG is Global Bonds. They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for FISR and 0.07% for IAGG.
FISR currently has the higher Sharpe Ratio (1.09 vs 0.81), 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 FISR and IAGG
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