IAGG vs. FOPC
IAGG (iShares Core International Aggregate Bond ETF) and FOPC (Frontier Asset Opportunistic Credit ETF) are both exchange-traded funds - IAGG is a Global Bonds fund tracking the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index, while FOPC is a Multisector Bonds fund actively managed by Frontier. IAGG is passively managed, while FOPC is actively managed. Over the past year, IAGG returned 1.61% vs 2.08% for FOPC. Their 0.74 correlation means they have sometimes moved together and sometimes differently. IAGG charges 0.07%/yr vs 0.87%/yr for FOPC.
Performance
IAGG vs. FOPC - Performance Comparison
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Returns By Period
In the year-to-date period, IAGG achieves a 0.90% return, which is significantly higher than FOPC's -0.10% return.
IAGG
- 1D
- -0.16%
- 1M
- -0.76%
- 6M
- 0.32%
- YTD
- 0.90%
- 1Y
- 1.61%
- 3Y*
- 4.51%
- 5Y*
- 0.79%
- 10Y*
- 1.97%
- ALL TIME*
- 2.43%
FOPC
- 1D
- -0.24%
- 1M
- -0.89%
- 6M
- -0.41%
- YTD
- -0.10%
- 1Y
- 2.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.41K | $57.80K | $62.30K | |
| $86.19M | $66.39M | $104.80M |
IAGG vs. FOPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAGG iShares Core International Aggregate Bond ETF | 0.90% | 3.26% | -0.04% |
FOPC Frontier Asset Opportunistic Credit ETF | -0.10% | 6.54% | -0.20% |
Correlation
The correlation between IAGG and FOPC is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024 | 0.74 |
The correlation between IAGG and FOPC has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
IAGG vs. FOPC — Risk / Return Rank
IAGG
FOPC
IAGG vs. FOPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core International Aggregate Bond ETF (IAGG) and Frontier Asset Opportunistic Credit ETF (FOPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IAGG | FOPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.27 | -0.45 |
| Martin ratioReturn relative to average drawdown | 2.34 | 3.68 | -1.34 |
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Drawdowns
IAGG vs. FOPC - Drawdown Comparison
The maximum IAGG drawdown since its inception was -13.88%, which is greater than FOPC's maximum drawdown of -2.18%. Use the drawdown chart below to compare losses from any high point for IAGG and FOPC.
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Drawdown Indicators
| IAGG | FOPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -2.18% | -11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -2.18% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -2.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.88% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -1.52% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -0.47% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.75% | +0.07% |
Volatility
IAGG vs. FOPC - Volatility Comparison
iShares Core International Aggregate Bond ETF (IAGG) and Frontier Asset Opportunistic Credit ETF (FOPC) have volatilities of 0.82% and 0.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAGG | FOPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.80% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 2.38% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 2.94% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 3.11% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 3.11% | +0.92% |
IAGG vs. FOPC - Expense Ratio Comparison
IAGG has a 0.07% expense ratio, which is lower than FOPC's 0.87% expense ratio.
Dividends
IAGG vs. FOPC - Dividend Comparison
IAGG's dividend yield for the trailing twelve months is around 4.53%, more than FOPC's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOPC Frontier Asset Opportunistic Credit ETF | 4.24% | 4.42% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAGG iShares Core International Aggregate Bond ETF | 4.53% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
IAGG and FOPC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAGG has higher volatility (0.82%) compared to FOPC (0.80%). In terms of maximum drawdown, IAGG dropped -13.88% vs FOPC's -2.18%.
On 1-year performance, FOPC leads with 2.08% vs 1.61% for IAGG. On fees, IAGG is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FOPC has performed better with a 2.08% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAGG is cheaper with a 0.07% expense ratio, compared with 0.87% for FOPC.
IAGG has the higher dividend yield at 4.53%, compared with 4.24% for FOPC.
IAGG is categorized as Global Bonds, while FOPC is Multisector Bonds. They also come from different issuers: iShares and Frontier. Their fees differ too: 0.07% for IAGG and 0.87% for FOPC.
FOPC currently has the higher Sharpe Ratio (0.95 vs 0.66), 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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