HYBB vs. AGG
Compare and contrast key facts about iShares BB Rated Corporate Bond ETF (HYBB) and iShares Core U.S. Aggregate Bond ETF (AGG).
HYBB and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYBB is a passively managed fund by iShares that tracks the performance of the ICE BofA BB US High Yield Constrained Index (USD). It was launched on Oct 6, 2020. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both HYBB 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.
Performance
HYBB vs. AGG - Performance Comparison
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HYBB vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 0.01% | 8.95% | 6.35% | 10.53% | -10.11% | 3.36% | 4.29% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.32% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 0.87% |
Returns By Period
In the year-to-date period, HYBB achieves a 0.01% return, which is significantly lower than AGG's 0.32% return.
HYBB
- 1D
- 0.12%
- 1M
- -0.62%
- YTD
- 0.01%
- 6M
- 1.26%
- 1Y
- 6.86%
- 3Y*
- 7.35%
- 5Y*
- 3.59%
- 10Y*
- —
AGG
- 1D
- 0.23%
- 1M
- -1.00%
- YTD
- 0.32%
- 6M
- 0.90%
- 1Y
- 4.41%
- 3Y*
- 3.55%
- 5Y*
- 0.29%
- 10Y*
- 1.68%
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HYBB vs. AGG - Expense Ratio Comparison
HYBB has a 0.25% expense ratio, which is higher than AGG's 0.03% 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%.
Return for Risk
HYBB vs. AGG — Risk / Return Rank
HYBB
AGG
HYBB vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) 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.
| HYBB | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.02 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.92 | 1.44 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.70 | +0.19 |
Martin ratioReturn relative to average drawdown | 9.64 | 4.71 | +4.93 |
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
| HYBB | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.02 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.05 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.60 | 0.00 |
Correlation
The correlation between HYBB and AGG is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYBB vs. AGG - Dividend Comparison
HYBB's dividend yield for the trailing twelve months is around 6.12%, more than AGG's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYBB iShares BB Rated Corporate Bond ETF | 6.12% | 6.08% | 6.22% | 6.28% | 5.04% | 3.86% | 0.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.94% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Drawdowns
HYBB vs. AGG - Drawdown Comparison
The maximum HYBB drawdown since its inception was -15.28%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for HYBB and AGG.
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Drawdown Indicators
| HYBB | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.28% | -18.43% | +3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.52% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -17.82% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -1.05% | -2.07% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -2.71% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.91% | -0.18% |
Volatility
HYBB vs. AGG - Volatility Comparison
iShares BB Rated Corporate Bond ETF (HYBB) has a higher volatility of 1.92% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.69%. This indicates that HYBB'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
| HYBB | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.69% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.55% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 4.36% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.91% | 6.07% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.75% | 5.39% | +1.36% |