GVI vs. AGG
Compare and contrast key facts about iShares Intermediate Government/Credit Bond ETF (GVI) and iShares Core U.S. Aggregate Bond ETF (AGG).
GVI and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GVI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Intermediate Government/Credit Bond Index. It was launched on Jan 11, 2007. 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 GVI 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: GVI or AGG.
Key characteristics
| GVI | AGG | |
|---|---|---|
| YTD Return | 2.50% | 1.83% |
| 1Y Return | 6.58% | 8.19% |
| 3Y Return (Ann) | -0.43% | -2.19% |
| 5Y Return (Ann) | 0.65% | -0.18% |
| 10Y Return (Ann) | 1.51% | 1.46% |
| Sharpe Ratio | 1.77 | 1.37 |
| Sortino Ratio | 2.72 | 2.03 |
| Omega Ratio | 1.33 | 1.24 |
| Calmar Ratio | 0.69 | 0.53 |
| Martin Ratio | 6.89 | 4.90 |
| Ulcer Index | 0.95% | 1.67% |
| Daily Std Dev | 3.71% | 5.95% |
| Max Drawdown | -12.93% | -18.43% |
| Current Drawdown | -3.53% | -8.47% |
Correlation
The correlation between GVI and AGG is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GVI vs. AGG - Performance Comparison
In the year-to-date period, GVI achieves a 2.50% return, which is significantly higher than AGG's 1.83% return. Both investments have delivered pretty close results over the past 10 years, with GVI having a 1.51% annualized return and AGG not far behind at 1.46%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GVI vs. AGG - Expense Ratio Comparison
GVI has a 0.20% 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%.
Risk-Adjusted Performance
GVI vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate Government/Credit Bond ETF (GVI) 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
GVI vs. AGG - Dividend Comparison
GVI's dividend yield for the trailing twelve months is around 3.33%, less than AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVI iShares Intermediate Government/Credit Bond ETF | 3.33% | 2.75% | 1.86% | 1.46% | 1.84% | 2.29% | 2.16% | 1.91% | 1.77% | 1.75% | 1.72% | 1.77% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
GVI vs. AGG - Drawdown Comparison
The maximum GVI drawdown since its inception was -12.93%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for GVI and AGG. For additional features, visit the drawdowns tool.
Volatility
GVI vs. AGG - Volatility Comparison
The current volatility for iShares Intermediate Government/Credit Bond ETF (GVI) is 0.94%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.78%. This indicates that GVI 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.