TRSY vs. AGRH

Last updated Jun 24, 2026

TRSY (Xtrackers US 0-1 Year Treasury ETF) and AGRH (iShares Interest Rate Hedged U.S. Aggregate Bond ETF) are both exchange-traded funds - TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while AGRH is a Ultrashort Bond fund tracking the BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross. Both are passively managed. Over the past year, TRSY returned 3.88% vs 6.18% for AGRH. At a 0.10 correlation, their price movements are largely independent. TRSY charges 0.06%/yr vs 0.13%/yr for AGRH.

Performance

TRSY vs. AGRH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US 0-1 Year Treasury ETF (TRSY) and iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRSY achieves a 1.63% return, which is significantly lower than AGRH's 1.99% return.

TRSY

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.72%
• 1Y: 3.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AGRH

• 1D: 0.00%
• 1M: 0.38%
• YTD: 1.99%
• 6M: 2.21%
• 1Y: 6.18%
• 3Y*: 5.85%
• 5Y*: —
• 10Y*: —

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

TRSY vs. AGRH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TRSY Xtrackers US 0-1 Year Treasury ETF	1.63%	4.22%	1.49%
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	1.99%	6.00%	1.08%

Correlation

The correlation between TRSY and AGRH is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Oct 9, 2024	0.10

Return for Risk

TRSY vs. AGRH — Risk / Return Rank

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

TRSY

TRSY Risk / Return Rank: 99
TRSY Sharpe Ratio Rank: 99
TRSY Sortino Ratio Rank: 99
TRSY Omega Ratio Rank: 99
TRSY Calmar Ratio Rank: 99
TRSY Martin Ratio Rank: 100

AGRH

AGRH Risk / Return Rank: 97
AGRH Sharpe Ratio Rank: 97
AGRH Sortino Ratio Rank: 98
AGRH Omega Ratio Rank: 98
AGRH Calmar Ratio Rank: 97
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.

TRSY vs. AGRH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US 0-1 Year Treasury ETF (TRSY) 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.

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.

	TRSY	AGRH	Difference
Sharpe ratio: Return per unit of total volatility	10.07	4.32	+5.75
Sortino ratio: Return per unit of downside risk	25.97	7.54	+18.43
Omega ratio: Gain probability vs. loss probability	6.16	2.10	+4.06
Calmar ratio: Return relative to maximum drawdown	58.82	9.25	+49.57
Martin ratio: Return relative to average drawdown	353.48	43.99	+309.50

TRSY vs. AGRH - Sharpe Ratio Comparison

The current TRSY Sharpe Ratio is 10.07, which is higher than the AGRH Sharpe Ratio of 4.32. The chart below compares the historical Sharpe Ratios of TRSY and AGRH, 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

TRSY vs. AGRH - Drawdown Comparison

The maximum TRSY drawdown since its inception was -0.82%, smaller than the maximum AGRH drawdown of -1.73%. Use the drawdown chart below to compare losses from any high point for TRSY and AGRH.

Drawdown Indicators

	TRSY	AGRH	Difference
Max Drawdown Largest peak-to-trough decline	-0.82%	-1.73%	+0.91%
Max Drawdown (1Y) Largest decline over 1 year	-0.07%	-0.67%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.73%	—
Current Drawdown Current decline from peak	-0.02%	-0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.15%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.14%	-0.13%

Volatility

TRSY vs. AGRH - Volatility Comparison

The current volatility for Xtrackers US 0-1 Year Treasury ETF (TRSY) is 0.12%, while iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) has a volatility of 0.28%. This indicates that TRSY experiences smaller price fluctuations and is considered to be less risky than AGRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRSY	AGRH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.12%	0.28%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	0.24%	1.00%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	0.39%	1.44%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.10%	1.77%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.10%	1.77%	-0.67%

TRSY vs. AGRH - Expense Ratio Comparison

TRSY has a 0.06% expense ratio, which is lower than AGRH's 0.13% 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%.

Dividends

TRSY vs. AGRH - Dividend Comparison

TRSY's dividend yield for the trailing twelve months is around 3.72%, less than AGRH's 4.17% yield.

Position	TTM	2025	2024	2023	2022
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF	4.17%	4.63%	5.17%	4.69%	1.24%
TRSY Xtrackers US 0-1 Year Treasury ETF	3.72%	4.00%	0.96%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRSY and AGRH in my portfolio?

TRSY and AGRH have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRSY or AGRH?

AGRH has higher volatility (0.28%) compared to TRSY (0.12%). In terms of maximum drawdown, TRSY dropped -0.82% vs AGRH's -1.73%.

Which ETF is better, TRSY or AGRH?

On 1-year performance, AGRH leads with 6.18% vs 3.88% for TRSY. On fees, TRSY is cheaper at 0.06% per year. On volatility, TRSY has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRSY or AGRH?

Over the 1-year period, AGRH has performed better with a 6.18% return vs 3.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRSY or AGRH?

TRSY is cheaper with a 0.06% expense ratio, compared with 0.13% for AGRH.

Which ETF pays a higher dividend yield, TRSY or AGRH?

AGRH has the higher dividend yield at 4.17%, compared with 3.72% for TRSY.

What is the main difference between TRSY and AGRH?

TRSY is categorized as Government Bonds, while AGRH is Ultrashort Bond. TRSY tracks ICE U.S. Treasury Short Bond Index, while AGRH tracks BlackRock Interest Rate Hedged U.S. Aggregate Bond Index - Benchmark TR Gross. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for TRSY and 0.13% for AGRH.

Which has better risk-adjusted returns?

TRSY currently has the higher Sharpe Ratio (10.07 vs 4.32), 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.