Correlation
The correlation between SPAB and AGG is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
SPAB vs. AGG
Compare and contrast key facts about SPDR Portfolio Aggregate Bond ETF (SPAB) and iShares Core U.S. Aggregate Bond ETF (AGG).
SPAB and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPAB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate. It was launched on May 23, 2007. 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 SPAB 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: SPAB or AGG.
Performance
SPAB vs. AGG - Performance Comparison
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Key characteristics
SPAB:
1.10
AGG:
1.11
SPAB:
1.61
AGG:
1.61
SPAB:
1.19
AGG:
1.19
SPAB:
0.47
AGG:
0.49
SPAB:
2.72
AGG:
2.78
SPAB:
2.16%
AGG:
2.15%
SPAB:
5.35%
AGG:
5.39%
SPAB:
-18.56%
AGG:
-18.43%
SPAB:
-6.82%
AGG:
-6.61%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SPAB at 2.55% and AGG at 2.55%. Both investments have delivered pretty close results over the past 10 years, with SPAB having a 1.51% annualized return and AGG not far ahead at 1.57%.
SPAB
2.55%
-0.69%
0.70%
5.84%
1.47%
-0.94%
1.51%
AGG
2.55%
-0.61%
0.82%
5.90%
1.52%
-0.92%
1.57%
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SPAB vs. AGG - Expense Ratio Comparison
SPAB has a 0.03% expense ratio, which is lower than AGG's 0.05% expense ratio. Despite the difference, 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
SPAB vs. AGG — Risk-Adjusted Performance Rank
SPAB
AGG
SPAB vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Aggregate Bond ETF (SPAB) 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.
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Dividends
SPAB vs. AGG - Dividend Comparison
SPAB's dividend yield for the trailing twelve months is around 3.90%, more than AGG's 3.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPAB SPDR Portfolio Aggregate Bond ETF | 3.90% | 3.86% | 3.34% | 2.59% | 2.11% | 2.43% | 2.92% | 2.96% | 2.67% | 2.63% | 2.59% | 2.43% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.81% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% |
Drawdowns
SPAB vs. AGG - Drawdown Comparison
The maximum SPAB drawdown since its inception was -18.56%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for SPAB and AGG.
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Volatility
SPAB vs. AGG - Volatility Comparison
The current volatility for SPDR Portfolio Aggregate Bond ETF (SPAB) is 1.45%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.53%. This indicates that SPAB 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.
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