AGG: iShares Core U.S. Aggregate Bond ETF returns, drawdowns and risk
Broad bond funds that mix government, corporate and mortgage bonds in one holding.
Data updated October 2026
AGG · US exchange · USDCategory: Aggregate bond ETFsData from October 2006
From October 2006 to October 2026 AGG returned 2.9% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $17,751.
Its deepest fall was 18.4%, from August 2020 to October 2022, and it has not yet returned to the previous high. Annual volatility was 5.3%; at the last close it was 4.2% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 240 months both have data, the correlation of monthly returns was 0.24: they moved largely independently. Beta was 0.07. In months when SPY rose, AGG moved 12% as much on average; in months when SPY fell, 2% as much.
Key figures
- Annual return (CAGR)
- +2.9%
- 1-year return
- −1.9%
- 5 years, a year
- −0.3%
- 10 years, a year
- +1.2%
- Annual volatility
- 5.3%
- Maximum drawdown
- −18.4%
- Sharpe ratio
- 0.27
- Worst year
- 2022: −13.0%
Trailing returns
| Period | AGG | SPY |
|---|---|---|
| 1 year | −1.9% | +16.6% |
| 3 years, a year | +5.2% | +23.1% |
| 5 years, a year | −0.3% | +12.7% |
| 10 years, a year | +1.2% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: AGG vs SPY
Month-end values from November 2006, the first month both funds have data.
AGG drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | AGG | SPY |
|---|---|---|
| 2026(partial) | −1.8% | +13.3% |
| 2025 | +7.2% | +17.7% |
| 2024 | +1.3% | +24.9% |
| 2023 | +5.7% | +26.2% |
| 2022 | −13.0% | −18.2% |
| 2021 | −1.8% | +28.7% |
| 2020 | +7.5% | +18.3% |
| 2019 | +8.5% | +31.2% |
| 2018 | +0.1% | −4.6% |
| 2017 | +3.5% | +21.7% |
| 2016 | +2.4% | +12.0% |
| 2015 | +0.5% | +1.2% |
| 2014 | +6.0% | +13.5% |
| 2013 | −2.0% | +32.3% |
| 2012 | +3.8% | +16.0% |
| 2011 | +7.7% | +1.9% |
| 2010 | +6.4% | +15.1% |
| 2009 | +3.0% | +26.4% |
| 2008 | +7.9% | −36.8% |
| 2007 | +6.6% | +5.1% |
| 2006(partial) | +1.5% | — |
AGG compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of AGG?
From October 2006 to October 2026 AGG returned 2.9% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: −0.3% a year. Over the last 12 months: −1.9%.
What was the worst drawdown of AGG?
18.4%, from August 2020 to October 2022; it has not yet returned to the previous high.
How volatile is AGG?
Annual volatility was 5.3% over the period. Its worst month was −4.1% and 58% of months were positive. Worst calendar year: 2022 (−13.0%).
How closely does AGG follow SPY?
Over 240 months the correlation of monthly returns was 0.24, so they moved largely independently, with a beta of 0.07.
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Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.