Data as of Oct 28, 2026.
AGG vs HYMB: Differences, Returns & Fees
AGG's duration was 5.8 years on Aug 31, 2026 and HYMB's 7.3 on Jun 30, 2026; AGG charges 0.03% to HYMB's 0.35%.
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Net assets on Oct 27, 2026: $139.4bn for iShares Core U.S. Aggregate Bond ETF and $3.8bn for State Street SPDR Nuveen ICE High Yield Municipal Bond ETF.
Pair scorecard
AGG costs 0.32 points a year less; their one-year returns differ by 0.4 points; AGG is far larger, $139.4bn against $3.8bn.
| Measure | AGG | HYMB |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −1.0% |
| Drawdown | ||
| Below its high | 3.4%, high on Aug 4, 2020 | 4.7%, high on Jul 2, 2026 |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Bond Index | ICE US Select High Yield Crossover Municipal Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.35% |
| Net assets, as of Oct 27, 2026 | $139.4bn | $3.8bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Apr 21, 2011 to Oct 23, 2026 · 809 weekly returnsEach against its own benchmark: AGG against SCHZ, Jul 22, 2011 to Oct 23, 2026; HYMB against AGG, Apr 21, 2011 to Oct 23, 2026.
HYMB returned more: +84.8% to +38.9%. AGG swung less: 4.6% to 8.7%. AGG fell less at its worst: −18.2% to −22.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AGG | HYMB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +38.9% | +84.8% | HYMB | Price change plus distributions, reinvested. |
| Annualized | +2.1% | +4.0% | HYMB | Total return as a yearly rate. |
| Price return | −9.3% | −4.7% | HYMB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 4.6% | 8.7% | AGG | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.3% | 6.4% | AGG | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.2% | −22.5% | AGG | Deepest fall from a high to the low after it. |
| Upside capture | 97.5% | 104.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.5% | 88.6% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.94 | 1.31 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.95 | 0.49 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.12 | 0.31 | HYMB | Return above Treasury bills per unit of volatility. |
| Sortino | 0.17 | 0.42 | HYMB | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.004 | 0.021 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.12 | 0.18 | HYMB | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SCHZ | AGG | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | +1.9% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.23 | 1.23 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.6% | −1.2% to +5.0% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.04 | 0.33 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.1% | 6.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 809 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AGG and HYMB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
AGG and HYMB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AGG and HYMB do different jobs. What does each one do in a portfolio?
- What each follows. AGG follows Bloomberg U.S. Aggregate Bond Index and HYMB follows ICE US Select High Yield Crossover Municipal Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jun 30, 2026).
- Number of holdings. AGG holds 13,469 positions and HYMB holds 2105.
Data as of Oct 28, 2026.
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AGG
AGG tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.3% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.4% below its high of Aug 4, 2020 on Oct 28, 2026.
HYMB
HYMB tracks an index of Nuveen ICE High Yield Municipal Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.35% a year. It sat 4.7% below its high of Jul 2, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, AGG or HYMB?
- In the year to Oct 28, 2026, with distributions reinvested, AGG returned −1.4% and HYMB −1.0%.
- Which is cheaper, AGG or HYMB?
- AGG is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, AGG against HYMB, data as of Oct 28, 2026. https://etfiq.com/compare/any/agg-vs-hymb
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