AGG vs SPY

Comparison between iShares Core U.S. Aggregate Bond ETF (AGG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed AGG, delivering a return of +13.3% compared to +0.2%

AGG vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AGG(ETF)	SPY(ETF)
Net Assets	$139B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	23.37%	56.47%
Sharpe Ratio	0.36	2.07
5Y Beta	0.04	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	12.49%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

AGG

$139B

Winner

SPY

$652B

Expense Ratio

Winner

AGG

0.03%

SPY

0.09%

Max Drawdown

Winner

AGG

23.37%

SPY

56.47%

Sharpe Ratio

AGG

0.36

Winner

SPY

2.07

5Y Beta

Winner

AGG

0.04

SPY

1.00

P/E Ratio

AGG

N/A

SPY

28.24

Forward P/E

AGG

N/A

SPY

21.85

5Y Dividends CAGR

Winner

AGG

12.49%

SPY

5.43%

5Y EPS CAGR

AGG

N/A

SPY

25.79%

Debt to Equity

AGG

N/A

SPY

22.35%

P/S Ratio

AGG

N/A

SPY

3.55

P/B Ratio

AGG

N/A

SPY

5.29

AGG vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	AGG	SPY
1 month	+0.08%	+9.11%
3 months	+0.00%	+6.59%
6 months	+0.95%	+10.56%
1 year	+5.64%	+32.04%
5 years(CAGR)	+0.21%	+13.35%
10 years(CAGR)	+1.65%	+15.49%
Max(CAGR)	+3.09%	+8.50%

AGG

+0.08%

Winner

SPY

+9.11%

AGG

+0.00%

Winner

SPY

+6.59%

AGG

+0.95%

Winner

SPY

+10.56%

AGG

+5.64%

Winner

SPY

+32.04%

5Y(CAGR)

AGG

+0.21%

Winner

SPY

+13.35%

10Y(CAGR)

AGG

+1.65%

Winner

SPY

+15.49%

Max(CAGR)

AGG

+3.09%

Winner

SPY

+8.50%

AGG vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AGG	SPY
2026	+0.64%	+8.27%
2025	+7.18%	+18.00%
2024	+1.79%	+25.59%
2023	+5.03%	+26.72%
2022	-12.43%	-18.64%
2021	-1.64%	+30.52%
2020	+7.18%	+17.28%
2019	+8.37%	+31.09%
2018	+0.24%	-5.24%
2017	+3.45%	+20.78%
2016	+2.45%	+13.59%
2015	+0.20%	+1.31%
2014	+5.93%	+14.56%
2013	-1.86%	+29.00%
2012	+3.96%	+14.17%
2011	+7.81%	+0.85%
2010	+6.24%	+13.14%
2009	+3.62%	+22.67%
2008	+7.39%	-36.25%
2007	+6.37%	+5.32%
2006	+3.84%	+13.85%
2005	+2.26%	+5.32%
2004	+4.38%	+10.75%
2003	+0.62%	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

AGG vs SPY Drawdown Comparison

The maximum drawdown for AGG was -18.44%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current AGG drawdown is -1.80%.

Rank	AGG	SPY
#1	-18.44% Aug 4, 2020 - Oct 20, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-12.83% Sep 9, 2008 - Dec 15, 2008	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-9.58% Mar 6, 2020 - May 21, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-5.14% May 2, 2013 - May 14, 2014	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-4.65% Mar 24, 2004 - Sep 14, 2004	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-4.50% Jul 8, 2016 - Aug 31, 2017	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-4.28% Jan 5, 2009 - Aug 13, 2009	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-3.52% Nov 4, 2010 - May 9, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-3.52% Sep 7, 2017 - Jan 3, 2019	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-3.00% Mar 20, 2008 - Sep 8, 2008	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-2.92% Jan 30, 2015 - Feb 8, 2016	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.54% May 7, 2007 - Aug 17, 2007	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.49% Feb 9, 2005 - May 18, 2005	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-2.44% Sep 1, 2005 - Jan 18, 2006	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-2.37% Jan 18, 2006 - Aug 4, 2006	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between AGG and SPY is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (1999 - 2026)

AGG vs SPY dividend yield comparison.

Year	AGG	SPY
2026	1.32%	0.24%
2025	3.89%	1.07%
2024	3.74%	1.21%
2023	3.13%	1.40%
2022	2.39%	1.65%
2021	1.77%	1.20%
2020	2.14%	1.52%
2019	2.70%	1.75%
2018	2.72%	2.04%
2017	2.32%	1.80%
2016	2.39%	2.03%
2015	2.45%	2.06%
2014	2.40%	1.87%
2013	2.32%	1.81%
2012	2.95%	2.18%
2011	3.17%	2.05%
2010	3.73%	1.80%
2009	3.89%	1.95%
2008	4.49%	3.02%
2007	4.86%	1.85%
2006	4.69%	1.73%
2005	4.06%	1.73%
2004	3.45%	1.82%
2003	0.90%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%