AGZ vs VOO
iShares Agency Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | AGZ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $569M | $997.4B | |
| Dividend Yield | 3.72% | 1.08% | |
| Holdings | 101 | 509 | |
| YTD Return | +0.73% | +12.25% | |
| 1Y Return | +2.91% | +20.92% | |
| 3Y Return (annualized) | +4.48% | +21.79% | |
| 5Y Return (annualized) | +1.10% | +13.05% | |
| Volatility (annualized) | 2.7% | 14.1% | |
| Max Drawdown | -12.1% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 5, 2008 | Sep 7, 2010 |
AGZ vs VOO Performance
iShares Agency Bond ETF (AGZ) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year AGZ returned +2.91% while VOO returned +20.92%. Year to date, AGZ is up 0.73% versus a gain of 12.25% for VOO.
Over three years, AGZ compounded at +4.48% per year against +21.79% for VOO; over five years the annualized figures are +1.10% and +13.05% respectively. Across the full 16-year window we track, VOO has the edge at +13.45% annualized vs +1.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 2.7% for AGZ. 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 -12.1% for AGZ and -34.3% for VOO. 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 0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AGZ charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, AGZ currently yields 3.72% against 1.08% for VOO.
Holdings Overlap
AGZ and VOO share 0 holdings out of 591 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, AGZ or VOO?
AGZ has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, AGZ or VOO?
Over the past year AGZ returned +2.91% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), AGZ annualized +1.19% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, AGZ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 2.7% for AGZ. Worst drawdown: AGZ -12.1% vs VOO -34.3%.
Should I hold both AGZ and VOO?
AGZ and VOO have a monthly-return correlation of 0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AGZ and VOO?
AGZ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 591 unique securities.
Which pays a higher dividend, AGZ or VOO?
AGZ yields 3.72% while VOO yields 1.08%, so AGZ currently pays the higher dividend yield.
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