IBGA vs. MAGG
IBGA (iShares iBonds Dec 2044 Term Treasury ETF) and MAGG (Madison Aggregate Bond ETF) are both Intermediate Core Bond funds. IBGA is passively managed, while MAGG is actively managed. Over the past year, IBGA returned 5.33% vs 5.46% for MAGG. Their correlation of 0.85 suggests significant overlap in exposure. IBGA charges 0.07%/yr vs 0.40%/yr for MAGG.
Performance
IBGA vs. MAGG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBGA achieves a -0.37% return, which is significantly lower than MAGG's 0.15% return.
IBGA
- 1D
- -0.41%
- 1M
- 0.62%
- YTD
- -0.37%
- 6M
- -1.42%
- 1Y
- 5.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGG
- 1D
- -0.02%
- 1M
- 0.24%
- YTD
- 0.15%
- 6M
- 0.22%
- 1Y
- 5.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBGA vs. MAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | -0.37% | 6.09% | -1.41% |
MAGG Madison Aggregate Bond ETF | 0.15% | 7.28% | 1.92% |
Correlation
The correlation between IBGA and MAGG is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024 | 0.85 |
The correlation between IBGA and MAGG has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBGA vs. MAGG — Risk / Return Rank
IBGA
MAGG
IBGA vs. MAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) and Madison Aggregate Bond ETF (MAGG). 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.
| IBGA | MAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 1.92 | -1.11 |
| Martin ratioReturn relative to average drawdown | 2.23 | 5.88 | -3.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBGA | MAGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.37 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.05 | -0.83 |
Drawdowns
IBGA vs. MAGG - Drawdown Comparison
The maximum IBGA drawdown since its inception was -11.69%, which is greater than MAGG's maximum drawdown of -4.56%. Use the drawdown chart below to compare losses from any high point for IBGA and MAGG.
Loading charts...
Drawdown Indicators
| IBGA | MAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -4.56% | -7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -2.86% | -3.74% |
Current DrawdownCurrent decline from peak | -4.67% | -1.52% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -1.25% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.93% | +1.47% |
Volatility
IBGA vs. MAGG - Volatility Comparison
iShares iBonds Dec 2044 Term Treasury ETF (IBGA) has a higher volatility of 2.59% compared to Madison Aggregate Bond ETF (MAGG) at 1.17%. This indicates that IBGA's price experiences larger fluctuations and is considered to be riskier than MAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGA | MAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.17% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 2.58% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 3.99% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 4.75% | +5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.86% | 4.75% | +5.11% |
IBGA vs. MAGG - Expense Ratio Comparison
IBGA has a 0.07% expense ratio, which is lower than MAGG's 0.40% expense ratio.
Dividends
IBGA vs. MAGG - Dividend Comparison
IBGA's dividend yield for the trailing twelve months is around 4.66%, less than MAGG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | 4.66% | 4.49% | 2.03% | 0.00% |
MAGG Madison Aggregate Bond ETF | 4.74% | 4.80% | 5.13% | 1.49% |
Frequently Asked Questions
IBGA and MAGG have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBGA has higher volatility (2.59%) compared to MAGG (1.17%). In terms of maximum drawdown, IBGA dropped -11.69% vs MAGG's -4.56%.
On 1-year performance, MAGG leads with 5.46% vs 5.33% for IBGA. On fees, IBGA is cheaper at 0.07% per year. On volatility, MAGG has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MAGG has performed better with a 5.46% return vs 5.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGA is cheaper with a 0.07% expense ratio, compared with 0.40% for MAGG.
MAGG has the higher dividend yield at 4.74%, compared with 4.66% for IBGA.
They also come from different issuers: iShares and Madison. Their fees differ too: 0.07% for IBGA and 0.40% for MAGG.
MAGG currently has the higher Sharpe Ratio (1.37 vs 0.65), 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.
Find the right allocation for IBGA and MAGG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer