IMFL vs. AGG
IMFL (Invesco International Developed Dynamic Multifactor ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - IMFL is a Global Equities fund tracking the FTSE Developed ex US Invesco Dynamic Multifactor Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, IMFL returned 8.50%/yr vs 0.10%/yr for AGG. At a 0.25 correlation, their price movements are largely independent. IMFL charges 0.34%/yr vs 0.03%/yr for AGG.
Performance
IMFL vs. AGG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IMFL achieves a 17.58% return, which is significantly higher than AGG's 0.25% return.
IMFL
- 1D
- -0.54%
- 1M
- 5.50%
- YTD
- 17.58%
- 6M
- 20.95%
- 1Y
- 33.05%
- 3Y*
- 17.51%
- 5Y*
- 8.50%
- 10Y*
- —
AGG
- 1D
- -0.21%
- 1M
- 0.24%
- YTD
- 0.25%
- 6M
- 0.09%
- 1Y
- 5.14%
- 3Y*
- 3.95%
- 5Y*
- 0.10%
- 10Y*
- 1.57%
IMFL vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IMFL Invesco International Developed Dynamic Multifactor ETF | 17.58% | 30.89% | -3.57% | 25.51% | -17.32% | 6.94% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.25% | 7.19% | 1.31% | 5.65% | -13.02% | 0.38% |
Correlation
The correlation between IMFL and AGG is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | 0.25 |
The correlation between IMFL and AGG shifts across timeframes, from 0.25 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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
IMFL vs. AGG — Risk / Return Rank
IMFL
AGG
IMFL vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Developed Dynamic Multifactor ETF (IMFL) 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.
| IMFL | AGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 1.34 | +0.78 |
Sortino ratioReturn per unit of downside risk | 2.88 | 2.00 | +0.88 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.82 | 1.87 | +0.95 |
Martin ratioReturn relative to average drawdown | 9.97 | 5.73 | +4.24 |
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
| IMFL | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.34 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.02 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.59 | +0.03 |
Drawdowns
IMFL vs. AGG - Drawdown Comparison
The maximum IMFL drawdown since its inception was -33.26%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for IMFL and AGG.
Loading charts...
Drawdown Indicators
| IMFL | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.26% | -18.43% | -14.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -2.76% | -9.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.52% | -6.11% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -33.26% | -17.82% | -15.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.43% | — |
Current DrawdownCurrent decline from peak | -0.54% | -2.14% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -2.71% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 0.90% | +2.42% |
Volatility
IMFL vs. AGG - Volatility Comparison
Invesco International Developed Dynamic Multifactor ETF (IMFL) has a higher volatility of 5.74% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.30%. This indicates that IMFL'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.
Loading charts...
Volatility by Period
| IMFL | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 1.30% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 2.74% | +10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 3.85% | +11.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 6.09% | +9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 5.40% | +10.59% |
IMFL vs. AGG - Expense Ratio Comparison
IMFL has a 0.34% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
IMFL vs. AGG - Dividend Comparison
IMFL's dividend yield for the trailing twelve months is around 2.87%, less than AGG's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.99% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
IMFL Invesco International Developed Dynamic Multifactor ETF | 2.87% | 2.88% | 3.56% | 3.85% | 3.35% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IMFL and AGG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMFL has higher volatility (5.74%) compared to AGG (1.30%). In terms of maximum drawdown, IMFL dropped -33.26% vs AGG's -18.43%.
On 5-year performance, IMFL leads with 8.50% vs 0.10% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IMFL has performed better with a 8.50% return vs 0.10%. 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 0.34% for IMFL.
AGG has the higher dividend yield at 3.99%, compared with 2.87% for IMFL.
IMFL is categorized as Global Equities, while AGG is Total Bond Market. IMFL tracks FTSE Developed ex US Invesco Dynamic Multifactor Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.34% for IMFL and 0.03% for AGG.
IMFL currently has the higher Sharpe Ratio (2.12 vs 1.34), 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 IMFL and AGG
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