ICSH vs. AGG
ICSH (iShares Ultra Short Duration Bond Active ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - ICSH is a Ultrashort Bond fund actively managed by iShares, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. ICSH is actively managed, while AGG is passively managed. Over the past 10 years, ICSH returned 2.77%/yr vs 1.52%/yr for AGG. At a 0.23 correlation, their price movements are largely independent. ICSH charges 0.08%/yr vs 0.03%/yr for AGG.
Performance
ICSH vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, ICSH achieves a 1.43% return, which is significantly higher than AGG's -0.08% return. Over the past 10 years, ICSH has outperformed AGG with an annualized return of 2.77%, while AGG has yielded a comparatively lower 1.52% annualized return.
ICSH
- 1D
- 0.02%
- 1M
- 0.18%
- YTD
- 1.43%
- 6M
- 1.75%
- 1Y
- 4.30%
- 3Y*
- 5.15%
- 5Y*
- 3.67%
- 10Y*
- 2.77%
AGG
- 1D
- 0.00%
- 1M
- -0.69%
- YTD
- -0.08%
- 6M
- 0.26%
- 1Y
- 4.97%
- 3Y*
- 3.88%
- 5Y*
- -0.03%
- 10Y*
- 1.52%
ICSH vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 1.43% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.08% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between ICSH and AGG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2013 | 0.23 |
Over the past year, ICSH and AGG have become more correlated (0.46) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
ICSH vs. AGG — Risk / Return Rank
ICSH
AGG
ICSH vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short Duration Bond Active ETF (ICSH) 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.
| ICSH | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.69 | ||
| Sortino ratioReturn per unit of downside risk | +25.42 | ||
| Omega ratioGain probability vs. loss probability | 6.56 | 1.23 | +5.33 |
| Calmar ratioReturn relative to maximum drawdown | 43.67 | 1.81 | +41.86 |
| Martin ratioReturn relative to average drawdown | 288.81 | 5.44 | +283.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICSH | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.01 | 1.32 | +9.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.62 | -0.00 | +7.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.63 | 0.28 | +2.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.93 | 0.59 | +1.34 |
Drawdowns
ICSH vs. AGG - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for ICSH and AGG.
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Drawdown Indicators
| ICSH | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -18.43% | +14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -2.76% | +2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -0.10% | -6.11% | +6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -17.82% | +17.09% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -18.43% | +14.49% |
Current DrawdownCurrent decline from peak | -0.02% | -2.47% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -2.71% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.92% | -0.91% |
Volatility
ICSH vs. AGG - Volatility Comparison
The current volatility for iShares Ultra Short Duration Bond Active ETF (ICSH) is 0.15%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.29%. This indicates that ICSH 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.
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Volatility by Period
| ICSH | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 1.29% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 2.77% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.39% | 3.80% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.48% | 6.09% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 5.41% | -4.35% |
ICSH vs. AGG - Expense Ratio Comparison
ICSH has a 0.08% 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
ICSH vs. AGG - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 4.34%, more than AGG's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 4.00% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Frequently Asked Questions
ICSH and AGG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGG has higher volatility (1.29%) compared to ICSH (0.15%). In terms of maximum drawdown, ICSH dropped -3.94% vs AGG's -18.43%.
On 10-year performance, ICSH leads with 2.77% vs 1.52% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, ICSH has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ICSH has performed better with a 2.77% return vs 1.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGG is cheaper with a 0.03% expense ratio, compared with 0.08% for ICSH.
ICSH has the higher dividend yield at 4.34%, compared with 4.00% for AGG.
ICSH is categorized as Ultrashort Bond, while AGG is Total Bond Market. Their fees differ too: 0.08% for ICSH and 0.03% for AGG.
ICSH currently has the higher Sharpe Ratio (11.01 vs 1.32), 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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