TAGG vs. AGGH

Last updated Aug 2, 2026

TAGG (T. Rowe Price QM U.S. Bond ETF) and AGGH (Simplify Aggregate Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Over the past 3 years, TAGG returned 4.25%/yr vs 4.66%/yr for AGGH. Their 0.73 correlation means they have sometimes moved together and sometimes differently. TAGG charges 0.08%/yr vs 0.33%/yr for AGGH.

Performance

TAGG vs. AGGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price QM U.S. Bond ETF (TAGG) and Simplify Aggregate Bond ETF (AGGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAGG achieves a -0.52% return, which is significantly lower than AGGH's -0.43% return.

TAGG

• 1D: -0.28%
• 1M: -1.22%
• 6M: -0.79%
• YTD: -0.52%
• 1Y: 2.12%
• 3Y*: 4.25%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.08%

AGGH

• 1D: -0.45%
• 1M: -1.44%
• 6M: -1.10%
• YTD: -0.43%
• 1Y: 3.43%
• 3Y*: 4.66%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGGH Simplify Aggregate Bond ETF	$3.05M	$4.71M	$3.88M
TAGG T. Rowe Price QM U.S. Bond ETF	$5.57M	$5.24M	$10.21M

TAGG vs. AGGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TAGG T. Rowe Price QM U.S. Bond ETF	-0.52%	7.40%	1.73%	5.72%	-10.28%
AGGH Simplify Aggregate Bond ETF	-0.43%	8.23%	1.97%	8.47%	-8.77%

Correlation

The correlation between TAGG and AGGH is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022	0.73

The correlation between TAGG and AGGH has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

Return for Risk

TAGG vs. AGGH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TAGG

TAGG Risk / Return Rank: 30
TAGG Sharpe Ratio Rank: 33
TAGG Sortino Ratio Rank: 31
TAGG Omega Ratio Rank: 30
TAGG Calmar Ratio Rank: 29
TAGG Martin Ratio Rank: 27

AGGH

AGGH Risk / Return Rank: 39
AGGH Sharpe Ratio Rank: 36
AGGH Sortino Ratio Rank: 36
AGGH Omega Ratio Rank: 34
AGGH Calmar Ratio Rank: 48
AGGH Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TAGG vs. AGGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond ETF (TAGG) and Simplify Aggregate Bond ETF (AGGH). 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.

	TAGG	AGGH	Difference
Sharpe ratio: Return per unit of total volatility	0.81	0.89	-0.08
Sortino ratio: Return per unit of downside risk	1.19	1.35	-0.15
Omega ratio: Gain probability vs. loss probability	1.14	1.16	-0.02
Calmar ratio: Return relative to maximum drawdown	0.94	1.71	-0.77
Martin ratio: Return relative to average drawdown	2.27	4.25	-1.97

TAGG vs. AGGH - Sharpe Ratio Comparison

The current TAGG Sharpe Ratio is 0.81, which is comparable to the AGGH Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of TAGG and AGGH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TAGG vs. AGGH - Drawdown Comparison

The maximum TAGG drawdown since its inception was -17.26%, which is greater than AGGH's maximum drawdown of -13.26%. Use the drawdown chart below to compare losses from any high point for TAGG and AGGH.

Drawdown Indicators

	TAGG	AGGH	Difference
Max Drawdown Largest peak-to-trough decline	-17.26%	-13.26%	-4.00%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-2.83%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-4.97%	-6.68%	+1.71%
Current Drawdown Current decline from peak	-2.71%	-2.47%	-0.24%
Average Drawdown Average peak-to-trough decline	-6.70%	-4.34%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	1.14%	+0.18%

Volatility

TAGG vs. AGGH - Volatility Comparison

The current volatility for T. Rowe Price QM U.S. Bond ETF (TAGG) is 1.00%, while Simplify Aggregate Bond ETF (AGGH) has a volatility of 1.22%. This indicates that TAGG experiences smaller price fluctuations and is considered to be less risky than AGGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAGG	AGGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	1.22%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	3.50%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	5.43%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.46%	8.35%	-1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.46%	8.35%	-1.89%

TAGG vs. AGGH - Expense Ratio Comparison

TAGG has a 0.08% expense ratio, which is lower than AGGH's 0.33% expense ratio.

Dividends

TAGG vs. AGGH - Dividend Comparison

TAGG's dividend yield for the trailing twelve months is around 4.59%, less than AGGH's 7.59% yield.

Position	TTM	2025	2024	2023	2022	2021
AGGH Simplify Aggregate Bond ETF	7.59%	7.54%	8.97%	9.51%	2.11%	0.00%
TAGG T. Rowe Price QM U.S. Bond ETF	4.59%	4.36%	4.36%	3.48%	3.67%	0.33%

Frequently Asked Questions

Can I hold both TAGG and AGGH in my portfolio?

TAGG and AGGH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAGG or AGGH?

AGGH has higher volatility (1.22%) compared to TAGG (1.00%). In terms of maximum drawdown, TAGG dropped -17.26% vs AGGH's -13.26%.

Which ETF is better, TAGG or AGGH?

On 3-year performance, AGGH leads with 4.66% vs 4.25% for TAGG. On fees, TAGG is cheaper at 0.08% per year. On volatility, TAGG has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TAGG or AGGH?

Over the 3-year period, AGGH has performed better with a 4.66% return vs 4.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TAGG or AGGH?

TAGG is cheaper with a 0.08% expense ratio, compared with 0.33% for AGGH.

Which ETF pays a higher dividend yield, TAGG or AGGH?

AGGH has the higher dividend yield at 7.59%, compared with 4.59% for TAGG.

What is the main difference between TAGG and AGGH?

They also come from different issuers: T. Rowe Price and Simplify. Their fees differ too: 0.08% for TAGG and 0.33% for AGGH.

Which has better risk-adjusted returns?

AGGH currently has the higher Sharpe Ratio (0.89 vs 0.81), 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.