AGRH vs SPY
AGRH vs SPY
iShares Interest Rate Hedged US Aggregate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | AGRH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.09% | |
| AUM | $8M | $789.1B | |
| Dividend Yield | 4.18% | 1.01% | |
| Holdings | 100 | 505 | |
| YTD Return | +1.91% | +13.50% | |
| 1Y Return | +5.21% | +23.56% | |
| 3Y Return (annualized) | +5.55% | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | 1.5% | 15.3% | |
| Max Drawdown | -1.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 22, 2022 | Jan 22, 1993 |
AGRH vs SPY Performance
iShares Interest Rate Hedged US Aggregate Bond ETF (AGRH) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AGRH returned +5.21% while SPY returned +23.56%. Year to date, AGRH is up 1.91% versus a gain of 13.50% for SPY.
Over three years, AGRH compounded at +5.55% per year against +21.17% for SPY. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs +5.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 1.5% for AGRH. 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 -1.7% for AGRH and -56.5% for SPY. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AGRH charges 0.13% per year while SPY charges 0.09%. On a $10,000 position that is $13 vs $9 annually, a gap of $4 per year that compounds over a long holding period. On income, AGRH currently yields 4.18% against 1.01% for SPY.
Holdings Overlap
AGRH and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AGRH or SPY?
AGRH has an expense ratio of 0.13% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, AGRH or SPY?
Over the past year AGRH returned +5.21% vs +23.56% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), AGRH annualized +5.36% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, AGRH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 1.5% for AGRH. Worst drawdown: AGRH -1.7% vs SPY -56.5%.
Should I hold both AGRH and SPY?
AGRH and SPY have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AGRH and SPY?
AGRH and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, AGRH or SPY?
AGRH yields 4.18% while SPY yields 1.01%, so AGRH currently pays the higher dividend yield.
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