IVV vs. AGG
IVV (iShares Core S&P 500 ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, IVV returned 15.47%/yr vs 1.57%/yr for AGG. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.03% expense ratio.
Performance
IVV vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, IVV achieves a 9.08% return, which is significantly higher than AGG's 0.52% return. Over the past 10 years, IVV has outperformed AGG with an annualized return of 15.47%, while AGG has yielded a comparatively lower 1.57% annualized return.
IVV
- 1D
- 0.55%
- 1M
- -0.08%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 24.38%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
AGG
- 1D
- -0.12%
- 1M
- 0.43%
- YTD
- 0.52%
- 6M
- 0.93%
- 1Y
- 4.50%
- 3Y*
- 4.19%
- 5Y*
- 0.06%
- 10Y*
- 1.57%
IVV vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.52% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between IVV and AGG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | -0.10 |
The correlation between IVV and AGG shifts across timeframes, from -0.10 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IVV vs. AGG — Risk / Return Rank
IVV
AGG
IVV vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVV | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.63 | +1.12 |
| Martin ratioReturn relative to average drawdown | 12.43 | 4.82 | +7.62 |
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Drawdowns
IVV vs. AGG - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for IVV and AGG.
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Drawdown Indicators
| IVV | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -18.43% | -36.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -2.76% | -6.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -6.11% | -12.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | -17.82% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -18.43% | -15.47% |
Current DrawdownCurrent decline from peak | -2.35% | -1.88% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -2.71% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.94% | +1.03% |
Volatility
IVV vs. AGG - Volatility Comparison
iShares Core S&P 500 ETF (IVV) has a higher volatility of 4.37% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.37%. This indicates that IVV'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.
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Volatility by Period
| IVV | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 1.37% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 2.81% | +6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 3.82% | +8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 6.09% | +10.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 5.41% | +12.67% |
IVV vs. AGG - Expense Ratio Comparison
Both IVV and AGG have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IVV vs. AGG - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.08%, less than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
IVV and AGG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.37%) compared to AGG (1.37%). In terms of maximum drawdown, IVV dropped -55.25% vs AGG's -18.43%.
On 10-year performance, IVV leads with 15.47% vs 1.57% for AGG. Both ETFs have the same 0.03% expense ratio. On volatility, AGG has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IVV has performed better with a 15.47% return vs 1.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV and AGG have the same expense ratio: 0.03% per year.
AGG has the higher dividend yield at 3.98%, compared with 1.08% for IVV.
IVV is categorized as S&P 500, while AGG is Total Bond Market. IVV tracks S&P 500 Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index.
IVV currently has the higher Sharpe Ratio (2.00 vs 1.19), 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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