AGRH vs QQQ
iShares Interest Rate Hedged US Aggregate Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
AGRH has a lower expense ratio. QQQ delivered stronger 1-year returns. AGRH offers more diversification with 113 holdings.
Side-by-Side Comparison
| Metric | AGRH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.18% | |
| AUM | $8M | $496.3B | |
| Dividend Yield | 4.11% | 0.44% | |
| Holdings | 113 | 108 | |
| YTD Return | +1.91% | +19.52% | |
| 1Y Return | +4.94% | +26.68% | |
| 3Y Return (annualized) | +5.56% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 1.5% | 30.6% | |
| Max Drawdown | -1.7% | -83.0% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 22, 2022 | Mar 10, 1999 |
AGRH vs QQQ Performance
iShares Interest Rate Hedged US Aggregate Bond ETF (AGRH) is a ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AGRH returned +4.94% while QQQ returned +26.68%. Year to date, AGRH is up 1.91% versus a gain of 19.52% for QQQ.
Over three years, AGRH compounded at +5.56% per year against +26.64% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.14% annualized vs +5.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AGRH charges 0.13% per year while QQQ charges 0.18%. On a $10,000 position that is $13 vs $18 annually, a gap of $5 per year that compounds over a long holding period. On income, AGRH currently yields 4.11% against 0.44% for QQQ.
Holdings Overlap
AGRH and QQQ share 0 holdings out of 104 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 QQQ?
AGRH has an expense ratio of 0.13% while QQQ charges 0.18%. AGRH is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, AGRH or QQQ?
Over the past year AGRH returned +4.94% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), AGRH annualized +5.33% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, AGRH or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.5% for AGRH. Worst drawdown: AGRH -1.7% vs QQQ -83.0%.
Should I hold both AGRH and QQQ?
AGRH and QQQ have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AGRH and QQQ?
AGRH and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, AGRH or QQQ?
AGRH yields 4.11% while QQQ yields 0.44%, so AGRH currently pays the higher dividend yield.
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