IBND vs. AGG
Compare and contrast key facts about SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and iShares Core U.S. Aggregate Bond ETF (AGG).
IBND and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010. 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 IBND 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: IBND or AGG.
Performance
IBND vs. AGG - Performance Comparison
Returns By Period
In the year-to-date period, IBND achieves a -0.79% return, which is significantly lower than AGG's 2.01% return. Over the past 10 years, IBND has underperformed AGG with an annualized return of -1.00%, while AGG has yielded a comparatively higher 1.47% annualized return.
IBND
-0.79%
-2.76%
0.99%
4.42%
-1.62%
-1.00%
AGG
2.01%
-1.33%
3.28%
6.74%
-0.21%
1.47%
Key characteristics
| IBND | AGG | |
|---|---|---|
| Sharpe Ratio | 0.57 | 1.20 |
| Sortino Ratio | 0.85 | 1.75 |
| Omega Ratio | 1.10 | 1.21 |
| Calmar Ratio | 0.19 | 0.48 |
| Martin Ratio | 1.44 | 3.97 |
| Ulcer Index | 3.09% | 1.74% |
| Daily Std Dev | 7.86% | 5.76% |
| Max Drawdown | -35.63% | -18.43% |
| Current Drawdown | -19.57% | -8.30% |
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IBND vs. AGG - Expense Ratio Comparison
IBND has a 0.50% expense ratio, which is higher than AGG's 0.05% expense ratio.
Correlation
The correlation between IBND and AGG is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
IBND vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) 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
IBND vs. AGG - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.54%, less than AGG's 3.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.54% | 2.08% | 0.54% | 0.37% | 0.45% | 0.67% | 0.70% | 0.34% | 0.01% | 0.01% | 1.66% | 1.24% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.95% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
IBND vs. AGG - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.63%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for IBND and AGG. For additional features, visit the drawdowns tool.
Volatility
IBND vs. AGG - Volatility Comparison
SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 2.36% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.52%. This indicates that IBND'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.