FPCIX vs. AGG
FPCIX (Strategic Advisers Core Income Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both Total Bond Market funds. Over the past 10 years, FPCIX returned 2.04%/yr vs 1.57%/yr for AGG. Their correlation of 0.82 suggests significant overlap in exposure. FPCIX charges 0.31%/yr vs 0.03%/yr for AGG.
Performance
FPCIX vs. AGG - Performance Comparison
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Returns By Period
Over the past 10 years, FPCIX has outperformed AGG with an annualized return of 2.04%, while AGG has yielded a comparatively lower 1.57% annualized return.
FPCIX
- 1D
- 0.11%
- 1M
- 0.58%
- YTD
- -0.00%
- 6M
- -0.00%
- 1Y
- 5.21%
- 3Y*
- 4.12%
- 5Y*
- 0.01%
- 10Y*
- 2.04%
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%
FPCIX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPCIX Strategic Advisers Core Income Fund | -0.00% | 7.42% | 1.71% | 5.98% | -14.76% | -0.81% | 9.39% | 9.20% | -0.33% | 4.73% |
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% | 3.55% |
Correlation
The correlation between FPCIX and AGG is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2007 | 0.82 |
The correlation between FPCIX and AGG shifts across timeframes, from 0.77 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FPCIX vs. AGG — Risk / Return Rank
FPCIX
AGG
FPCIX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Core Income Fund (FPCIX) 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.
| FPCIX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.87 | +0.25 |
| Martin ratioReturn relative to average drawdown | 6.61 | 5.73 | +0.88 |
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
| FPCIX | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.34 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.02 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.29 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.59 | +0.15 |
Drawdowns
FPCIX vs. AGG - Drawdown Comparison
The maximum FPCIX drawdown since its inception was -19.60%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for FPCIX and AGG.
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Drawdown Indicators
| FPCIX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -18.43% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.76% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -6.51% | -6.11% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | -17.82% | -1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | -18.43% | -1.17% |
Current DrawdownCurrent decline from peak | -2.37% | -2.14% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -2.71% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.90% | +0.27% |
Volatility
FPCIX vs. AGG - Volatility Comparison
Strategic Advisers Core Income Fund (FPCIX) has a higher volatility of 1.64% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.30%. This indicates that FPCIX'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
| FPCIX | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.30% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.74% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 3.85% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | 6.09% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 5.40% | -0.34% |
FPCIX vs. AGG - Expense Ratio Comparison
FPCIX has a 0.31% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
FPCIX vs. AGG - Dividend Comparison
FPCIX's dividend yield for the trailing twelve months is around 3.55%, less 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% |
FPCIX Strategic Advisers Core Income Fund | 3.55% | 3.83% | 4.17% | 3.55% | 2.69% | 3.01% | 4.99% | 3.75% | 2.94% | 2.70% | 4.13% | 2.45% |
Frequently Asked Questions
FPCIX and AGG have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPCIX has higher volatility (1.64%) compared to AGG (1.30%). In terms of maximum drawdown, FPCIX dropped -19.60% vs AGG's -18.43%.
FPCIX currently has the higher Sharpe Ratio (1.46 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.
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