IUSB vs. AGG
Compare and contrast key facts about iShares Core Total USD Bond Market ETF (IUSB) and iShares Core U.S. Aggregate Bond ETF (AGG).
IUSB and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUSB is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Universal Index. It was launched on Jun 10, 2014. 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 IUSB 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: IUSB or AGG.
Key characteristics
| IUSB | AGG | |
|---|---|---|
| YTD Return | 2.12% | 1.78% |
| 1Y Return | 7.22% | 6.87% |
| 3Y Return (Ann) | -1.76% | -2.07% |
| 5Y Return (Ann) | 0.10% | -0.18% |
| 10Y Return (Ann) | 1.73% | 1.45% |
| Sharpe Ratio | 1.44 | 1.29 |
| Sortino Ratio | 2.13 | 1.88 |
| Omega Ratio | 1.26 | 1.23 |
| Calmar Ratio | 0.59 | 0.52 |
| Martin Ratio | 5.21 | 4.35 |
| Ulcer Index | 1.50% | 1.71% |
| Daily Std Dev | 5.43% | 5.79% |
| Max Drawdown | -17.98% | -18.43% |
| Current Drawdown | -7.01% | -8.52% |
Correlation
The correlation between IUSB and AGG is 0.90, 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
IUSB vs. AGG - Performance Comparison
In the year-to-date period, IUSB achieves a 2.12% return, which is significantly higher than AGG's 1.78% return. Over the past 10 years, IUSB has outperformed AGG with an annualized return of 1.73%, while AGG has yielded a comparatively lower 1.45% annualized 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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IUSB vs. AGG - Expense Ratio Comparison
IUSB 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
IUSB vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Total USD Bond Market ETF (IUSB) 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
IUSB vs. AGG - Dividend Comparison
IUSB's dividend yield for the trailing twelve months is around 3.94%, more than AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Total USD Bond Market ETF | 3.94% | 3.46% | 2.53% | 1.74% | 2.45% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% | 1.39% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
IUSB vs. AGG - Drawdown Comparison
The maximum IUSB drawdown since its inception was -17.98%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for IUSB and AGG. For additional features, visit the drawdowns tool.
Volatility
IUSB vs. AGG - Volatility Comparison
The current volatility for iShares Core Total USD Bond Market ETF (IUSB) is 1.54%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.64%. This indicates that IUSB 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.