IBDO vs. AGG
Compare and contrast key facts about iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and iShares Core U.S. Aggregate Bond ETF (AGG).
IBDO and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDO is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2023 Maturity Corporate Index. It was launched on Mar 12, 2015. 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 IBDO 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: IBDO or AGG.
Key characteristics
| IBDO | AGG |
|---|
Correlation
The correlation between IBDO and AGG is 0.45, 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.
Performance
IBDO vs. AGG - Performance Comparison
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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IBDO vs. AGG - Expense Ratio Comparison
IBDO has a 0.10% 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
IBDO vs. AGG - Risk-Adjusted Performance 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.
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 3.94%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.44% | 3.61% | 1.85% | 1.80% | 2.47% | 3.01% | 3.10% | 2.91% | 3.01% | 2.39% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.94% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
IBDO vs. AGG - Drawdown Comparison
Volatility
IBDO vs. AGG - Volatility Comparison
The current volatility for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) is 0.00%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.69%. This indicates that IBDO 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.