AGG vs AGGH: returns, risk and drawdowns compared
iShares Core U.S. Aggregate Bond ETF against iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc), over the same 7 years (July 2019 to October 2026) with dividends reinvested.
Data updated October 2026
From July 2019 to October 2026, AGG returned 0.8% a year and AGGH 0.9% a year on average, so AGG came out ahead by 1.7% a year. AGG was the more volatile of the two (5.8% against 4.6% a year), and the deepest falls from a month-end high were 17.1% for AGG and 17.2% for AGGH.
The correlation of monthly returns was 0.94: they moved almost in lockstep. Over 53 rolling 3-year periods, AGG did better in 100% and AGGH in 0%.
AGG trades in USD and AGGH in EUR: each return is in its own currency, so part of the gap reflects the move of the euro against the dollar.
Side by side
| AGG | AGGH | |
|---|---|---|
| Annual return (CAGR) | +0.8% | −0.9% |
| Total return | +6% | −6% |
| Annual volatility | 5.8% | 4.6% |
| Maximum drawdown (month-end) | −17.1% | −17.2% |
| Worst month | −4.1% | −3.4% |
| Best month | +4.6% | +3.3% |
| Positive months | 52% | 52% |
| Best year | 2020: +7.5% | 2023: +4.5% |
| Worst year | 2022: −13.0% | 2022: −13.4% |
| 1-year return | −1.9% | −2.6% |
| 5 years, a year | −0.3% | −1.6% |
| 10 years, a year | +1.2% | — |
| Trading currency | USD | EUR |
First nine rows: the same 88 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: AGG vs AGGH
Returns by calendar year
| Year | AGG | AGGH |
|---|---|---|
| 2025 | +7.2% | +2.4% |
| 2024 | +1.3% | +1.7% |
| 2023 | +5.7% | +4.5% |
| 2022 | −13.0% | −13.4% |
| 2021 | −1.8% | −2.7% |
| 2020 | +7.5% | +3.9% |
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.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, AGG or AGGH?
From July 2019 to October 2026, AGG returned +0.8% a year and AGGH −0.9% a year, with dividends reinvested, each in its own trading currency (USD and EUR). Over rolling 3-year periods AGG did better in 100% of cases. Past returns do not predict future returns.
Which is riskier, AGG or AGGH?
Over the same months annual volatility was 5.8% for AGG and 4.6% for AGGH; the deepest fall from a month-end high was 17.1% and 17.2%, and the worst single month −4.1% and −3.4%.
How correlated are AGG and AGGH?
The correlation of their monthly returns was 0.94: they moved almost in lockstep. Holding both adds little diversification compared with holding one.
More comparisons
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.