IBDO vs. AGG
IBDO (iShares iBonds Dec 2023 Term Corporate ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - IBDO is a Corporate Bonds fund tracking the Bloomberg December 2023 Maturity Corporate Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. IBDO charges 0.10%/yr vs 0.03%/yr for AGG.
Performance
IBDO vs. AGG - Performance Comparison
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Returns By Period
IBDO
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGG
- 1D
- 0.08%
- 1M
- 0.61%
- YTD
- 0.47%
- 6M
- 0.55%
- 1Y
- 4.33%
- 3Y*
- 3.96%
- 5Y*
- 0.07%
- 10Y*
- 1.54%
IBDO vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.00% | 0.00% | 0.00% | 4.93% | -0.68% | -0.29% | 5.37% | 8.94% | -0.49% | 4.45% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.47% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between IBDO and AGG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2015 | 0.40 |
The correlation between IBDO and AGG shifts across timeframes, from 0.02 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBDO vs. AGG — Risk / Return Rank
IBDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AGG
IBDO vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) 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.
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.
| IBDO | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.57 | — |
| Martin ratioReturn relative to average drawdown | — | 4.54 | — |
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Drawdowns
IBDO vs. AGG - Drawdown Comparison
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Drawdown Indicators
| IBDO | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -18.43% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | — | -1.93% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.96% | — |
Volatility
IBDO vs. AGG - Volatility Comparison
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Volatility by Period
| IBDO | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.81% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 6.10% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 5.41% | — |
IBDO vs. AGG - Expense Ratio Comparison
IBDO has a 0.10% 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%.
Dividends
IBDO vs. AGG - Dividend Comparison
IBDO has not paid dividends to shareholders, while AGG's dividend yield for the trailing twelve months is around 3.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.00% | 0.00% | 0.00% | 3.61% | 1.85% | 2.04% | 2.47% | 3.01% | 3.10% | 2.96% | 3.01% | 2.39% |
Frequently Asked Questions
IBDO and AGG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGG is cheaper with a 0.03% expense ratio, compared with 0.10% for IBDO.
AGG has the higher dividend yield at 3.98%, compared with 0.00% for IBDO.
IBDO is categorized as Corporate Bonds, while AGG is Total Bond Market. IBDO tracks Bloomberg December 2023 Maturity Corporate Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. Their fees differ too: 0.10% for IBDO and 0.03% for AGG.
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