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ETF Comparisons

AGG vs. TIP

iShares Core U.S. Aggregate Bond ETF

AGG
$--
vs

iShares TIPS Bond ETF

TIP
$--

Correlation

0.86

Compare with

Top 10 comparisons with AGG:
Compare:
AGG
Correlation
With:
TIP
iShares TIPS Bond ETF
0.86
SwitchBNDVanguard Group, Inc. - Vanguard Total Bond Market ETF1.00SCHZSchwab Strategic Trust - Schwab US Aggregate Bond ETF0.99EAGGiShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF0.99SPABSPDR Series Trust - SPDR Portfolio Aggregate Bond ETF0.99BKAGBNY Mellon ETF Trust - BNY Mellon Core Bond ETF0.99AVIGAmerican Century ETF Trust - Avantis Core Fixed Income ETF0.99IUSBBlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF0.98BIVVanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF0.98FLCBFranklin Templeton ETF Trust - Franklin U.S. Core Bond ETF0.98BBAGJ.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF0.98

Top 10 shared holdings

Invest with AGG
Learn more about TIP
AGGiShares Core U.S. Aggregate Bond ETF
TIPiShares TIPS Bond 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
TIP iShares TIPS Bond ETF
Inception date
Sep 22 2003
Dec 04 2003
Expense ratio
0.03%
0.19%
AGG has a lower expense ratio than TIP by 0.16%. This can indicate that it’s cheaper to invest in AGG than TIP.
Type
US Bonds
US Bonds
AGG targets investing in US Bonds, while TIP targets investing in US Bonds.
Fund owner
Blackrock (iShares)
Blackrock (iShares)
AGG is managed by Blackrock (iShares), while TIP is managed by Blackrock (iShares).
Volume (1m avg. daily)
$631,408,505
$275,002,281
Both AGG and TIP 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
$21,035,302,259
AGG has more assets under management than TIP by $70,644,766,981. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
Bloomberg US Aggregate Bond Index
ICE US Treasury Inflation Linked Bond Index
AGG is based off of the Bloomberg US Aggregate Bond Index, while TIP is based off of the ICE US Treasury Inflation Linked Bond Index
Inverse/Leveraged
No
No
AGG and TIP 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 TIP 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 TIP may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither AGG nor TIP require a K1.
AGG and TIP’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

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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.