AGG vs APCB
iShares Core US Aggregate Bond ETF vs ActivePassive Core Bond ETF
Which is better, AGG or APCB?
Nearly the same fund. AGG costs less.
AGG has a lower expense ratio. AGG led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AGG | APCB |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.36% |
| AUM | $137.6B | $989M |
| Dividend Yield | 4.19% | 4.44% |
| Holdings | 13,338 | 3,770 |
| YTD Return | -1.51%Best | -1.56% |
| 1Y Return | -1.41%Best | -1.46% |
| 3Y Return (annualized) | +4.76%Best | +4.13% |
| 5Y Return (annualized) | -0.36% | - |
| Volatility (annualized) | 5.5% | 5.2%Best |
| Max Drawdown | -7.2% | -6.4%Best |
| $10,000 over 3.5 years | $10,851Best | $10,710 |
| Fund Family | iShares by BlackRock (US) | Envestnet Asset Management |
| Category | Fixed Income | Fixed Income |
| Inception | Sep 22, 2003 | May 3, 2023 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: May 3, 2023 to Oct 15, 2026 (3.5 years).
AGG vs APCB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.5 years both funds cover.
AGG vs APCB Performance
iShares Core US Aggregate Bond ETF (AGG) is an ETF from iShares by BlackRock (US) and ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management. Over the past year AGG returned -1.41% while APCB returned -1.46%. Year to date, AGG is down 1.51% versus a loss of 1.56% for APCB.
Over three years, AGG compounded at +4.76% per year against +4.13% for APCB. Across the full 4-year window we track, AGG has the edge at +2.36% annualized vs +1.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AGG has been the more volatile fund, with annualized monthly volatility of 5.5% compared with 5.2% for APCB. 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 -7.2% for AGG and -6.4% for APCB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 APCB charges 0.36%. On a $10,000 position that is $3 vs $36 annually, a gap of $33 per year that compounds over a long holding period. On income, AGG currently yields 4.19% against 4.44% for APCB.
Holdings Overlap
We hold position weights for 11,115 holdings in AGG and 1,221 in APCB, totalling 67.1% and 75.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 616 positions appear in both.
616 positions in common, counted across the 11,115 positions we hold weights for in AGG and 1,221 in APCB, against full books of 13,338 and 3,770.
Top Shared Holdings
| Stock | Weight in AGG | Weight in APCB | Difference |
|---|---|---|---|
| T 4.375 05/15/34United States Treasury Note/Bondus Treasury N/B | 0.40% | 1.37% | 0.97% |
| T 4.125 03/31/31United States Treasury Note | 0.13% | 0.99% | 0.86% |
| T 3.875 08/15/33Treasury Note (Otr) 3.88% Aug 15, 2033 | 0.34% | 0.71% | 0.37% |
| T 4.25 08/15/35United States Treasury Note/Bond 4.25% 08/15/2035 | 0.38% | 0.61% | 0.23% |
| T 0.625 08/15/30Us Treasury 0.625% Aug 15, 2030 (USD) | 0.25% | 0.56% | 0.31% |
| T 4.25 02/28/31United States Treasury Notes 4.25% Feb 28, 2031 | 0.14% | 0.62% | 0.48% |
| T 3.875 07/15/28Us Treas Nts 3.875% 07/15/28 | 0.39% | 0.30% | 0.09% |
| T 3.875 08/15/34Us Treas Nts 3.875% 08/15/34 | 0.39% | 0.28% | 0.11% |
| T 4.25 11/15/34Us Treas Nts 4.25% 11/15/34 | 0.40% | 0.27% | 0.13% |
| T 1.25 08/15/31U.S. Treasury Note, 1.25%, Due 08/15/2031 | 0.27% | 0.40% | 0.13% |
You are not choosing between two funds in isolation.
Whichever of AGG and APCB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AGG or APCB?
AGG has an expense ratio of 0.03% while APCB charges 0.36%. AGG is the cheaper option, by $33 a year on a $10,000 investment.
Which performed better, AGG or APCB?
Over the past year AGG returned -1.41% vs -1.46% for APCB, so AGG leads on 1-year performance. Over the longest common window we track (4 years), AGG annualized +2.36% vs +1.98% for APCB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AGG or APCB?
AGG has been the more volatile fund at 5.5% annualized versus 5.2% for APCB. Worst drawdown: AGG -7.2% vs APCB -6.4%.
Should I hold both AGG and APCB?
AGG and APCB have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, AGG or APCB?
AGG yields 4.19% while APCB yields 4.44%, so APCB currently pays the higher dividend yield.
Is APCB better than AGG?
AGG has a lower expense ratio. AGG led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.