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XLP vs. AGG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLP vs. AGG

Last updated Jun 9, 2026

XLP (State Street Consumer Staples Select Sector SPDR ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - XLP is a Consumer Staples Equities fund tracking the Consumer Staples Select Sector Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, XLP returned 7.21%/yr vs 1.52%/yr for AGG. At a correlation of -0.02, they often move in opposite directions. XLP charges 0.08%/yr vs 0.03%/yr for AGG.

Performance

XLP vs. AGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Consumer Staples Select Sector SPDR ETF (XLP) and iShares Core U.S. Aggregate Bond ETF (AGG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLP achieves a 7.54% return, which is significantly higher than AGG's -0.08% return. Over the past 10 years, XLP has outperformed AGG with an annualized return of 7.21%, while AGG has yielded a comparatively lower 1.52% annualized return.

XLP

1D
-0.44%
1M
-1.32%
YTD
7.54%
6M
8.22%
1Y
4.50%
3Y*
7.23%
5Y*
6.10%
10Y*
7.21%

AGG

1D
0.00%
1M
-0.69%
YTD
-0.08%
6M
0.26%
1Y
4.97%
3Y*
3.88%
5Y*
-0.03%
10Y*
1.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLP vs. AGG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XLP
State Street Consumer Staples Select Sector SPDR ETF		7.54%1.52%12.20%-0.82%-0.81%17.20%10.11%27.43%-8.07%12.98%
AGG
iShares Core U.S. Aggregate Bond ETF		-0.08%7.19%1.31%5.65%-13.02%-1.77%7.48%8.46%0.09%3.55%

Correlation

The correlation between XLP and AGG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2003

-0.02

The correlation between XLP and AGG shifts across timeframes, from -0.02 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street Consumer Staples Select Sector SPDR ETF

iShares Core U.S. Aggregate Bond ETF

Often compared with XLP:
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Often compared with AGG:
AGG vs. BNDAGG vs. TLTAGG vs. HYGAGG vs. FBNDAGG vs. PIMIXAGG vs. IUSBAGG vs. AGGH

Return for Risk

XLP vs. AGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLP
XLP Risk / Return Rank: 1515
Overall Rank
XLP Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
XLP Sortino Ratio Rank: 1515
Sortino Ratio Rank
XLP Omega Ratio Rank: 1414
Omega Ratio Rank
XLP Calmar Ratio Rank: 1515
Calmar Ratio Rank
XLP Martin Ratio Rank: 1414
Martin Ratio Rank
AGG
AGG Risk / Return Rank: 4040
Overall Rank
AGG Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
AGG Sortino Ratio Rank: 4242
Sortino Ratio Rank
AGG Omega Ratio Rank: 3939
Omega Ratio Rank
AGG Calmar Ratio Rank: 4040
Calmar Ratio Rank
AGG Martin Ratio Rank: 3838
Martin Ratio Rank
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.

XLP vs. AGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Consumer Staples Select Sector SPDR ETF (XLP) 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.

XLPAGGDifference
Sharpe ratioReturn per unit of total volatility
0.36
1.32

-0.96

Sortino ratioReturn per unit of downside risk
0.60
1.94

-1.35

Omega ratioGain probability vs. loss probability

1.07

1.23

-0.16

Calmar ratioReturn relative to maximum drawdown

0.47

1.81

-1.34

Martin ratioReturn relative to average drawdown

0.91

5.44

-4.53

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLP vs. AGG - Sharpe Ratio Comparison

The current XLP Sharpe Ratio is 0.36, which is lower than the AGG Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of XLP and AGG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XLPAGGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.36

1.32

-0.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

-0.00

+0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.28

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.59

-0.15

Drawdowns

XLP vs. AGG - Drawdown Comparison

The maximum XLP drawdown since its inception was -35.90%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for XLP and AGG.

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Drawdown Indicators

XLPAGGDifference

Max Drawdown

Largest peak-to-trough decline

-35.90%

-18.43%

-17.47%

Max Drawdown (1Y)

Largest decline over 1 year

-9.69%

-2.76%

-6.93%

Max Drawdown (3Y)

Largest decline over 3 years

-12.39%

-6.11%

-6.28%

Max Drawdown (5Y)

Largest decline over 5 years

-16.30%

-17.82%

+1.52%

Max Drawdown (10Y)

Largest decline over 10 years

-24.51%

-18.43%

-6.08%

Current Drawdown

Current decline from peak

-7.19%

-2.47%

-4.72%

Average Drawdown

Average peak-to-trough decline

-7.06%

-2.71%

-4.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.97%

0.92%

+4.05%

Volatility

XLP vs. AGG - Volatility Comparison

State Street Consumer Staples Select Sector SPDR ETF (XLP) has a higher volatility of 4.30% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.29%. This indicates that XLP'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.

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Volatility by Period

XLPAGGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

1.29%

+3.01%

Volatility (6M)

Calculated over the trailing 6-month period

9.97%

2.77%

+7.20%

Volatility (1Y)

Calculated over the trailing 1-year period

12.75%

3.80%

+8.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.31%

6.09%

+7.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.74%

5.41%

+9.33%

XLP vs. AGG - Expense Ratio Comparison

XLP has a 0.08% expense ratio, which is higher than AGG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XLP vs. AGG - Dividend Comparison

XLP's dividend yield for the trailing twelve months is around 2.62%, less than AGG's 4.00% yield.

PositionTTM20252024202320222021202020192018201720162015
AGG
iShares Core U.S. Aggregate Bond ETF		4.00%3.89%3.74%3.13%2.39%1.77%2.14%2.70%2.72%2.32%2.39%2.45%
XLP
State Street Consumer Staples Select Sector SPDR ETF		2.62%2.75%2.77%2.63%2.47%2.28%2.50%2.57%3.04%2.62%2.53%2.52%

Frequently Asked Questions

XLP and AGG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XLP has higher volatility (4.30%) compared to AGG (1.29%). In terms of maximum drawdown, XLP dropped -35.90% vs AGG's -18.43%.

On 10-year performance, XLP leads with 7.21% vs 1.52% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XLP has performed better with a 7.21% return vs 1.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AGG is cheaper with a 0.03% expense ratio, compared with 0.08% for XLP.

AGG has the higher dividend yield at 4.00%, compared with 2.62% for XLP.

XLP is categorized as Consumer Staples Equities, while AGG is Total Bond Market. XLP tracks Consumer Staples Select Sector Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.08% for XLP and 0.03% for AGG.

AGG currently has the higher Sharpe Ratio (1.32 vs 0.36), 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.

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