Correlation
The correlation between GBF and AGZ is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
GBF vs. AGZ
Compare and contrast key facts about iShares Government/Credit Bond ETF (GBF) and iShares Agency Bond ETF (AGZ).
GBF and AGZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Government/Credit Bond Index. It was launched on Jan 11, 2007. AGZ is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Agency Bond Index. It was launched on Nov 5, 2008. Both GBF and AGZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBF or AGZ.
Performance
GBF vs. AGZ - Performance Comparison
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Key characteristics
GBF:
1.05
AGZ:
1.73
GBF:
1.51
AGZ:
2.59
GBF:
1.18
AGZ:
1.33
GBF:
0.39
AGZ:
1.11
GBF:
2.44
AGZ:
6.82
GBF:
2.22%
AGZ:
0.82%
GBF:
5.21%
AGZ:
3.23%
GBF:
-19.67%
AGZ:
-11.23%
GBF:
-8.68%
AGZ:
-0.43%
Returns By Period
The year-to-date returns for both investments are quite close, with GBF having a 2.32% return and AGZ slightly higher at 2.35%. Over the past 10 years, GBF has underperformed AGZ with an annualized return of 1.52%, while AGZ has yielded a comparatively higher 1.72% annualized return.
GBF
2.32%
-0.37%
0.60%
5.01%
1.37%
-1.21%
1.52%
AGZ
2.35%
-0.22%
1.76%
5.45%
2.52%
0.26%
1.72%
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GBF vs. AGZ - Expense Ratio Comparison
Both GBF and AGZ have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
GBF vs. AGZ — Risk-Adjusted Performance Rank
GBF
AGZ
GBF vs. AGZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Government/Credit Bond ETF (GBF) and iShares Agency Bond ETF (AGZ). 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.
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Dividends
GBF vs. AGZ - Dividend Comparison
GBF's dividend yield for the trailing twelve months is around 3.87%, more than AGZ's 3.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBF iShares Government/Credit Bond ETF | 3.87% | 3.94% | 3.03% | 2.13% | 1.22% | 1.64% | 2.64% | 2.59% | 2.31% | 2.09% | 2.04% | 2.08% |
AGZ iShares Agency Bond ETF | 3.59% | 3.48% | 3.14% | 1.56% | 0.71% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% |
Drawdowns
GBF vs. AGZ - Drawdown Comparison
The maximum GBF drawdown since its inception was -19.67%, which is greater than AGZ's maximum drawdown of -11.23%. Use the drawdown chart below to compare losses from any high point for GBF and AGZ.
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Volatility
GBF vs. AGZ - Volatility Comparison
iShares Government/Credit Bond ETF (GBF) has a higher volatility of 1.48% compared to iShares Agency Bond ETF (AGZ) at 0.79%. This indicates that GBF's price experiences larger fluctuations and is considered to be riskier than AGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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