Are AGG and FMF in the same category?

AGG is a bond ETF and FMF is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, AGG or FMF?

In the year to Nov 4, 2026, with distributions reinvested, AGG returned +0.2% and FMF +11.1%.

Which is cheaper, AGG or FMF?

AGG is cheaper, by 0.95 percentage points a year. That is about $95 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Across categories

AGG vs FMF: Differences, Returns & Fees

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Over the year to Nov 4, 2026, AGG returned +0.2% to FMF's +11.1%, and AGG charges 0.03% to FMF's 0.98%.

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Net assets: $139.1bn on Nov 4, 2026 for iShares Core U.S. Aggregate Bond ETF, and $298m on Nov 3, 2026 for First Trust Managed Futures Strategy Fund.

AGG on its own →FMF on its own →

At a glance

+0.2%

AGG total return, 1 year

+11.1%

FMF total return, 1 year

0.03%

AGG expense ratio

0.98%

FMF expense ratio

Pair scorecard

AGG costs 0.95 points a year less; their one-year returns differ by 10.9 points; AGG is far larger, $138.8bn against $298m.

AGG vs FMF: Differences, Returns & Fees
Measure	AGG	FMF
Return
Measure	AGG	FMF
Total return, 1 year	+0.2%	+11.1%
Total return, 52 weeks		+10.6%
Against its benchmark
Measure	AGG	FMF
What it tracks	Bloomberg U.S. Aggregate Bond Index	not published
Treasury bills, 52 weeks		+3.7%
Against cash		6.9 points ahead
Cost and size
Measure	AGG	FMF
Expense ratio	0.03%	0.98%
Net assets, as of Nov 3, 2026	$138.8bn	$298m
Holdings
Measure	AGG	FMF
Holdings in common	not published
Risk
Measure	AGG	FMF
Correlation with the S&P 500’s weekly returns		+0.16
Beta to the S&P 500		+0.11: about 0.11% for each 1%
Its average week when the S&P 500 fell		fell 0.11%
Down-week capture		9.9%
Weeks the S&P 500 fell		26 of 52, by 1.07% on average

Method

Side by side

AGG iShares Core U.S. Aggregate Bond ETF FMF First Trust Managed Futures Strategy Fund

Where it sits Bond ETF Alternatives ETF

Issuer iShares First Trust

What it is Tracks an index of US aggregate bonds Managed futures

Total return, 1 year +0.2% +11.1%

Its benchmark over the same days +0.2% (SCHZ) not measured

Gap to its benchmark 0.0 pts vs SCHZ not measured

Expense ratio 0.03% 0.98%

Holdings 13462 not read by ETFIQ

Net assets, AGG as of Nov 4, 2026 and FMF as of Nov 3, 2026 $139.1bn $298m

AGG and FMF on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

AGG

AGG tracks an index of US aggregate bonds. Over the year to Nov 4, 2026 it returned +0.2% with distributions reinvested, against +0.2% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

FMF

FMF is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.16 with the S&P 500’s and a beta of +0.11, so for each 1% the index moved it moved about 0.11% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks FMF fell 0.11% on average, a down-week capture of 9.9%. Over the same 52 weeks FMF returned +10.6% and a Treasury bill fund +3.7%, so it finished 6.9 percentage points ahead of cash.

Questions people ask

Are AGG and FMF in the same category?: AGG is a bond ETF and FMF is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, AGG or FMF?: In the year to Nov 4, 2026, with distributions reinvested, AGG returned +0.2% and FMF +11.1%.
Which is cheaper, AGG or FMF?: AGG is cheaper, by 0.95 percentage points a year. That is about $95 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AGG vs FFUT AGG vs TFPN AGG vs RSBT AGG vs AHLT BND vs FMF FMF vs TLT FMF vs GLD FMF vs QQQ

Where to next

BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →AGG on its own →FMF on its own →Hold both: look the portfolio through →Rankings →AGG dividend history →AGG holdings →FMF dividend history →Standards and sources →

Sources and dates

AGG filings on SEC EDGAR ↗

AGG prospectus with the expense ratio (SEC) ↗

iShares page for AGG ↗

FMF filings on SEC EDGAR ↗

FMF prospectus with the expense ratio (SEC) ↗

First Trust page for FMF ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, AGG against FMF, data as of Nov 4, 2026. https://etfiq.com/compare/any/agg-vs-fmf

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