OSTIX vs. AGRH

Last updated Apr 1, 2026

Compare and contrast key facts about Osterweis Strategic Income Fund (OSTIX) and iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH).

OSTIX is managed by Osterweis. It was launched on Aug 30, 2002. AGRH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022.

Performance

OSTIX vs. AGRH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osterweis Strategic Income Fund (OSTIX) and iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH). The values are adjusted to include any dividend payments, if applicable.

OSTIX vs. AGRH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OSTIX Osterweis Strategic Income Fund	-0.71%	4.04%	8.03%	12.29%	2.39%
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	0.36%	6.00%	5.93%	6.40%	1.76%

Returns By Period

In the year-to-date period, OSTIX achieves a -0.71% return, which is significantly lower than AGRH's 0.36% return.

OSTIX

• 1D: 0.09%
• 1M: -1.08%
• YTD: -0.71%
• 6M: 0.01%
• 1Y: 4.04%
• 3Y*: 6.92%
• 5Y*: 4.22%
• 10Y*: 5.19%

AGRH

• 1D: 0.13%
• 1M: -0.03%
• YTD: 0.36%
• 6M: 2.20%
• 1Y: 5.36%
• 3Y*: 5.81%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OSTIX vs. AGRH - Expense Ratio Comparison

OSTIX has a 0.84% expense ratio, which is higher than AGRH's 0.13% expense ratio.

OSTIX

Osterweis Strategic Income Fund

AGRH

iShares Interest Rate Hedged U.S. Aggregate Bond ETF

Return for Risk

OSTIX vs. AGRH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OSTIX

OSTIX Risk / Return Rank: 89
OSTIX Sharpe Ratio Rank: 90
OSTIX Sortino Ratio Rank: 89
OSTIX Omega Ratio Rank: 92
OSTIX Calmar Ratio Rank: 83
OSTIX Martin Ratio Rank: 88

AGRH

AGRH Risk / Return Rank: 96
AGRH Sharpe Ratio Rank: 97
AGRH Sortino Ratio Rank: 98
AGRH Omega Ratio Rank: 98
AGRH Calmar Ratio Rank: 92
AGRH Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OSTIX vs. AGRH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osterweis Strategic Income Fund (OSTIX) and iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH). 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.

	OSTIX	AGRH	Difference
Sharpe ratio Return per unit of total volatility	1.84	2.87	-1.03
Sortino ratio Return per unit of downside risk	2.48	4.04	-1.56
Omega ratio Gain probability vs. loss probability	1.44	1.69	-0.25
Calmar ratio Return relative to maximum drawdown	2.04	3.36	-1.32
Martin ratio Return relative to average drawdown	9.46	18.63	-9.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OSTIX vs. AGRH - Sharpe Ratio Comparison

The current OSTIX Sharpe Ratio is 1.84, which is lower than the AGRH Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of OSTIX and AGRH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OSTIX	AGRH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	2.87	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	3.03	-0.70

Correlation

The correlation between OSTIX and AGRH is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

OSTIX vs. AGRH - Dividend Comparison

OSTIX's dividend yield for the trailing twelve months is around 4.95%, more than AGRH's 4.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OSTIX Osterweis Strategic Income Fund	4.95%	3.96%	5.25%	5.72%	4.72%	4.03%	3.85%	4.74%	4.66%	4.58%	5.23%	5.98%
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	4.64%	4.63%	5.17%	4.69%	1.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

OSTIX vs. AGRH - Drawdown Comparison

The maximum OSTIX drawdown since its inception was -10.06%, which is greater than AGRH's maximum drawdown of -1.73%. Use the drawdown chart below to compare losses from any high point for OSTIX and AGRH.

Drawdown Indicators

	OSTIX	AGRH	Difference
Max Drawdown Largest peak-to-trough decline	-10.06%	-1.73%	-8.33%
Max Drawdown (1Y) Largest decline over 1 year	-1.89%	-1.57%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-9.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-10.06%	—	—
Current Drawdown Current decline from peak	-1.33%	-0.25%	-1.08%
Average Drawdown Average peak-to-trough decline	-0.95%	-0.16%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	0.28%	+0.13%

Volatility

OSTIX vs. AGRH - Volatility Comparison

Osterweis Strategic Income Fund (OSTIX) has a higher volatility of 0.94% compared to iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) at 0.59%. This indicates that OSTIX's price experiences larger fluctuations and is considered to be riskier than AGRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSTIX	AGRH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	0.59%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	1.30%	0.96%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	2.21%	1.88%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.01%	1.80%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.96%	1.80%	+1.16%