GBIL vs. AGG
Compare and contrast key facts about Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and iShares Core U.S. Aggregate Bond ETF (AGG).
GBIL and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both GBIL and AGG 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: GBIL or AGG.
Performance
GBIL vs. AGG - Performance Comparison
Returns By Period
In the year-to-date period, GBIL achieves a 4.54% return, which is significantly higher than AGG's 1.78% return.
GBIL
4.54%
0.35%
2.61%
5.25%
2.26%
N/A
AGG
1.78%
-1.56%
3.14%
6.66%
-0.23%
1.46%
Key characteristics
| GBIL | AGG | |
|---|---|---|
| Sharpe Ratio | 4.75 | 1.29 |
| Sortino Ratio | 6.82 | 1.88 |
| Omega Ratio | 6.64 | 1.23 |
| Calmar Ratio | 7.00 | 0.52 |
| Martin Ratio | 29.80 | 4.35 |
| Ulcer Index | 0.18% | 1.71% |
| Daily Std Dev | 1.11% | 5.79% |
| Max Drawdown | -0.76% | -18.43% |
| Current Drawdown | 0.00% | -8.52% |
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GBIL vs. AGG - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is higher than AGG's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between GBIL and AGG is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GBIL vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) 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.
Dividends
GBIL vs. AGG - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 5.09%, more than AGG's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 5.09% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.96% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
GBIL vs. AGG - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for GBIL and AGG. For additional features, visit the drawdowns tool.
Volatility
GBIL vs. AGG - Volatility Comparison
The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.07%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.64%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.