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AGG vs. FTEC

iShares Core U.S. Aggregate Bond ETF

AGG
$--
vs

Fidelity MSCI Information Technology Index ETF

FTEC
$--

Correlation

0.28
AGGiShares Core U.S. Aggregate Bond ETF
FTECFidelity MSCI Information Technology Index ETF

What is AGG?

The iShares Core U.S. Aggregate Bond ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the total United States investment grade bond market as defined by the Bloomberg U.S. Aggregate Bond Index.

Snapshot
**

AGG iShares Core U.S. Aggregate Bond ETF
FTEC Fidelity MSCI Information Technology Index ETF
Inception date
Sep 22 2003
Oct 24 2013
Expense ratio
0.03%
0.08%
AGG has a lower expense ratio than FTEC by 0.05%. This can indicate that it’s cheaper to invest in AGG than FTEC.
Type
US Bonds
US Equities
AGG targets investing in US Bonds, while FTEC targets investing in US Equities.
Fund owner
Blackrock (iShares)
Fidelity
AGG is managed by Blackrock (iShares), while FTEC is managed by Fidelity.
Volume (1m avg. daily)
$631,408,505
$25,275,556
Both AGG and FTEC are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$91,680,069,240
$6,896,905,950
AGG has more assets under management than FTEC by $84,783,163,290. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Bloomberg US Aggregate Bond Index
MSCI USA IMI Information Technology 25/50 Index
AGG is based off of the Bloomberg US Aggregate Bond Index, while FTEC is based off of the MSCI USA IMI Information Technology 25/50 Index
Inverse/Leveraged
No
No
AGG and FTEC use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
AGG and FTEC both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
AGG and FTEC may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither AGG nor FTEC require a K1.
When ETFs are uncorrelated, it’s common for them to be used as complements in a trading strategy. This means it makes sense to be holding both of them at the same time, or to use one as a hedge for the other.

Automated Strategies
Related toAGG

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Category

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Risk Rating

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Automated Strategies
Related toFTEC

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Category

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Risk Rating

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Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.