UCON vs. AGG
Compare and contrast key facts about First Trust TCW Unconstrained Plus Bond ETF (UCON) and iShares Core U.S. Aggregate Bond ETF (AGG).
UCON and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCON or AGG.
Key characteristics
| UCON | AGG | |
|---|---|---|
| YTD Return | 4.44% | 2.65% |
| 1Y Return | 8.90% | 9.31% |
| 3Y Return (Ann) | 1.92% | -2.21% |
| 5Y Return (Ann) | 2.84% | 0.10% |
| Sharpe Ratio | 2.41 | 1.40 |
| Sortino Ratio | 3.64 | 2.06 |
| Omega Ratio | 1.49 | 1.25 |
| Calmar Ratio | 2.66 | 0.54 |
| Martin Ratio | 12.89 | 5.12 |
| Ulcer Index | 0.68% | 1.64% |
| Daily Std Dev | 3.64% | 5.98% |
| Max Drawdown | -15.31% | -18.43% |
| Current Drawdown | -1.15% | -7.73% |
Correlation
The correlation between UCON and AGG is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UCON vs. AGG - Performance Comparison
In the year-to-date period, UCON achieves a 4.44% return, which is significantly higher than AGG's 2.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UCON vs. AGG - Expense Ratio Comparison
UCON has a 0.76% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
UCON vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Unconstrained Plus Bond ETF (UCON) 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.
Dividends
UCON vs. AGG - Dividend Comparison
UCON's dividend yield for the trailing twelve months is around 5.04%, more than AGG's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCON First Trust TCW Unconstrained Plus Bond ETF | 5.04% | 4.75% | 3.12% | 2.20% | 3.14% | 3.51% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.93% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
UCON vs. AGG - Drawdown Comparison
The maximum UCON drawdown since its inception was -15.31%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for UCON and AGG. For additional features, visit the drawdowns tool.
Volatility
UCON vs. AGG - Volatility Comparison
The current volatility for First Trust TCW Unconstrained Plus Bond ETF (UCON) is 0.76%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.68%. This indicates that UCON 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.