MDT vs. AGG
MDT (Medtronic plc) is a stock, while AGG (iShares Core U.S. Aggregate Bond ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Over the past 10 years, MDT returned 2.04%/yr vs 1.52%/yr for AGG. At a correlation of -0.04, they often move in opposite directions.
Performance
MDT vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -15.31% return, which is significantly lower than AGG's -0.08% return. Over the past 10 years, MDT has outperformed AGG with an annualized return of 2.04%, while AGG has yielded a comparatively lower 1.52% annualized return.
MDT
- 1D
- -1.20%
- 1M
- 5.96%
- YTD
- -15.31%
- 6M
- -19.07%
- 1Y
- -4.79%
- 3Y*
- 2.04%
- 5Y*
- -5.25%
- 10Y*
- 2.04%
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%
MDT vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -15.31% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
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 MDT and AGG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2003 | -0.04 |
The correlation between MDT and AGG shifts across timeframes, from -0.04 (all time) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MDT vs. AGG — Risk / Return Rank
MDT
AGG
MDT vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) 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.
| MDT | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.23 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 1.81 | -1.97 |
| Martin ratioReturn relative to average drawdown | -0.43 | 5.44 | -5.87 |
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
| MDT | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | 1.32 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.00 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.28 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.59 | -0.12 |
Drawdowns
MDT vs. AGG - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for MDT and AGG.
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Drawdown Indicators
| MDT | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -18.43% | -39.20% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -2.76% | -26.14% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -6.11% | -22.79% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -17.82% | -27.28% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -18.43% | -26.67% |
Current DrawdownCurrent decline from peak | -30.81% | -2.47% | -28.34% |
Average DrawdownAverage peak-to-trough decline | -16.54% | -2.71% | -13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.17% | 0.92% | +10.25% |
Volatility
MDT vs. AGG - Volatility Comparison
Medtronic plc (MDT) has a higher volatility of 10.04% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.29%. This indicates that MDT'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
| MDT | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 1.29% | +8.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 2.77% | +13.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.95% | 3.80% | +17.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 6.09% | +15.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.24% | 5.41% | +17.83% |
Dividends
MDT vs. AGG - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.52%, less 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% |
MDT Medtronic plc | 3.52% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
Frequently Asked Questions
MDT and AGG have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (10.04%) compared to AGG (1.29%). In terms of maximum drawdown, MDT dropped -57.63% vs AGG's -18.43%.
AGG currently has the higher Sharpe Ratio (1.32 vs -0.23), 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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