USIG vs. AGG
Compare and contrast key facts about iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and iShares Core U.S. Aggregate Bond ETF (AGG).
USIG and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 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 USIG 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: USIG or AGG.
Performance
USIG vs. AGG - Performance Comparison
Returns By Period
In the year-to-date period, USIG achieves a 2.85% return, which is significantly higher than AGG's 1.78% return. Over the past 10 years, USIG has outperformed AGG with an annualized return of 2.45%, while AGG has yielded a comparatively lower 1.46% annualized return.
USIG
2.85%
-2.00%
3.46%
8.92%
0.68%
2.45%
AGG
1.78%
-1.56%
3.14%
6.66%
-0.23%
1.46%
Key characteristics
| USIG | AGG | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.29 |
| Sortino Ratio | 2.46 | 1.88 |
| Omega Ratio | 1.29 | 1.23 |
| Calmar Ratio | 0.67 | 0.52 |
| Martin Ratio | 6.80 | 4.35 |
| Ulcer Index | 1.43% | 1.71% |
| Daily Std Dev | 5.79% | 5.79% |
| Max Drawdown | -22.21% | -18.43% |
| Current Drawdown | -6.92% | -8.52% |
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USIG vs. AGG - Expense Ratio Comparison
USIG has a 0.04% 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%.
Correlation
The correlation between USIG and AGG is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
USIG vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) 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
USIG vs. AGG - Dividend Comparison
USIG's dividend yield for the trailing twelve months is around 4.39%, more than AGG's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.39% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 3.13% | 3.24% | 3.32% | 3.53% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.96% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
USIG vs. AGG - Drawdown Comparison
The maximum USIG drawdown since its inception was -22.21%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for USIG and AGG. For additional features, visit the drawdowns tool.
Volatility
USIG vs. AGG - Volatility Comparison
iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a higher volatility of 1.84% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.64%. This indicates that USIG's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.