IMTB vs. AGG
Compare and contrast key facts about iShares Core 5-10 Year USD Bond ETF (IMTB) and iShares Core U.S. Aggregate Bond ETF (AGG).
IMTB and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMTB is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays US Universal 5-10 Years Index. It was launched on Nov 1, 2016. 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 IMTB 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: IMTB or AGG.
Key characteristics
| IMTB | AGG | |
|---|---|---|
| YTD Return | 2.81% | 2.65% |
| 1Y Return | 10.28% | 9.31% |
| 3Y Return (Ann) | -1.82% | -2.21% |
| 5Y Return (Ann) | 0.09% | 0.10% |
| Sharpe Ratio | 1.44 | 1.40 |
| Sortino Ratio | 2.11 | 2.06 |
| Omega Ratio | 1.26 | 1.25 |
| Calmar Ratio | 0.62 | 0.54 |
| Martin Ratio | 5.67 | 5.12 |
| Ulcer Index | 1.63% | 1.64% |
| Daily Std Dev | 6.45% | 5.98% |
| Max Drawdown | -18.15% | -18.43% |
| Current Drawdown | -6.17% | -7.73% |
Correlation
The correlation between IMTB and AGG is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IMTB vs. AGG - Performance Comparison
In the year-to-date period, IMTB achieves a 2.81% return, which is significantly higher than AGG's 2.65% return. 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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IMTB vs. AGG - Expense Ratio Comparison
IMTB has a 0.06% 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
IMTB vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 5-10 Year USD Bond ETF (IMTB) 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
IMTB vs. AGG - Dividend Comparison
IMTB's dividend yield for the trailing twelve months is around 4.33%, more than AGG's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTB iShares Core 5-10 Year USD Bond ETF | 4.33% | 4.13% | 2.90% | 2.49% | 2.63% | 2.91% | 3.04% | 2.75% | 0.40% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.93% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
IMTB vs. AGG - Drawdown Comparison
The maximum IMTB drawdown since its inception was -18.15%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for IMTB and AGG. For additional features, visit the drawdowns tool.
Volatility
IMTB vs. AGG - Volatility Comparison
iShares Core 5-10 Year USD Bond ETF (IMTB) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.70% and 1.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.