AGG vs BND

Quick Verdict

AGG delivered stronger 1-year returns. BND offers more diversification with 10790 holdings.

Lower Fees: TiedHigher Returns: AGGMore Diversified: BND

Side-by-Side Comparison

MetricAGGBNDWinner
Expense Ratio0.03%0.03%
AUM$137.7B$159.8B
Dividend Yield3.97%3.94%
Holdings13,26917,528
YTD Return-0.53%-0.50%
1Y Return+2.71%+2.63%
3Y Return (annualized)+3.96%+3.92%
5Y Return (annualized)-0.44%-0.47%
Volatility (annualized)4.4%4.6%
Max Drawdown-18.4%-19.6%
Fund FamilyiShares by BlackRock (US)Vanguard (US)
CategoryFixed IncomeFixed Income
InceptionSep 22, 2003Apr 3, 2007

AGG vs BND Performance

iShares Core US Aggregate Bond ETF (AGG) is a ETF from iShares by BlackRock (US) and Vanguard Total Bond Market ETF (BND) is a ETF from Vanguard (US). Over the past year AGG returned +2.71% while BND returned +2.63%. Year to date, AGG is down 0.53% versus a loss of 0.50% for BND.

Over three years, AGG compounded at +3.96% per year against +3.92% for BND; over five years the annualized figures are -0.44% and -0.47% respectively. Across the full 19-year window we track, AGG has the edge at +3.01% annualized vs +0.68%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

BND has been the more volatile fund, with annualized monthly volatility of 4.6% compared with 4.4% for AGG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -18.4% for AGG and -19.6% for BND. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

AGG charges 0.03% per year while BND charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, AGG currently yields 3.97% against 3.94% for BND.

Holdings Overlap

7.4%overlap

AGG and BND share 1094 holdings out of 11655 unique holdings combined, representing a 7.4% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in AGGWeight in BNDDifference
T 4.125 11/15/320.29%0.37%0.08%
T 0.625 08/15/300.25%0.31%0.06%
T 3.875 06/30/300.30%0.21%0.09%
T 1.5 01/31/27ProProPro
T 3.75 05/15/28ProProPro
T 4.5 05/15/27ProProPro
T 4 07/31/29ProProPro
T 1.25 05/31/28ProProPro
T 3.875 07/31/27ProProPro
T 3.25 06/30/29ProProPro
See all 10 holdings AGG shares with BND
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, AGG or BND?

AGG has an expense ratio of 0.03% while BND charges 0.03%. They cost the same. On a $10,000 investment, that is $0 per year of difference.

Which performed better, AGG or BND?

Over the past year AGG returned +2.71% vs +2.63% for BND, so AGG leads on 1-year performance. Over the longest common window we track (19 years), AGG annualized +3.01% vs +0.68% for BND. Past performance does not guarantee future results.

Which is riskier, AGG or BND?

BND has been the more volatile fund at 4.6% annualized versus 4.4% for AGG. Worst drawdown: AGG -18.4% vs BND -19.6%.

Should I hold both AGG and BND?

AGG and BND have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between AGG and BND?

AGG and BND share 1094 common holdings with a 7.4% weight overlap. Combined, they hold 11655 unique securities.

Which pays a higher dividend, AGG or BND?

AGG yields 3.97% while BND yields 3.94%, so AGG currently pays the higher dividend yield.

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