Are AGG and KMLM in the same category?

AGG is a bond ETF and KMLM 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 KMLM?

In the year to Nov 4, 2026, with distributions reinvested, AGG returned +0.2% and KMLM +16.5%.

Which is cheaper, AGG or KMLM?

AGG is cheaper, by 0.87 percentage points a year. That is about $87 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Across categories

AGG vs KMLM: Differences, Returns & Fees

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Over the year to Nov 4, 2026, AGG returned +0.2% to KMLM's +16.5%, and AGG charges 0.03% to KMLM's 0.90%.

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Net assets on Nov 4, 2026: $139.1bn for iShares Core U.S. Aggregate Bond ETF and $586m for KraneShares Mount Lucas Managed Futures Index Strategy ETF.

AGG on its own →KMLM on its own →

At a glance

+0.2%

AGG total return, 1 year

+16.5%

KMLM total return, 1 year

0.03%

AGG expense ratio

0.90%

KMLM expense ratio

Pair scorecard

AGG costs 0.87 points a year less; their one-year returns differ by 16.3 points; AGG is far larger, $139.1bn against $586m.

AGG vs KMLM: Differences, Returns & Fees
Measure	AGG	KMLM
Return
Measure	AGG	KMLM
Total return, 1 year	+0.2%	+16.5%
Total return, 52 weeks		+16.6%
Against its benchmark
Measure	AGG	KMLM
What it tracks	Bloomberg U.S. Aggregate Bond Index	not published
Treasury bills, 52 weeks		+3.7%
Against cash		12.9 points ahead
Cost and size
Measure	AGG	KMLM
Expense ratio	0.03%	0.90%
Net assets	$139.1bn	$586m
Holdings
Measure	AGG	KMLM
Holdings in common	not published
Risk
Measure	AGG	KMLM
Correlation with the S&P 500’s weekly returns		−0.12
Beta to the S&P 500		−0.12: about 0.12% for each 1%
Its average week when the S&P 500 fell		rose 0.18%
Down-week capture		−16.3%
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 KMLM KraneShares Mount Lucas Managed Futures Index Strategy ETF

Where it sits Bond ETF Alternatives ETF

Issuer iShares KraneShares

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

Total return, 1 year +0.2% +16.5%

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% 0.90%

Holdings 13462 not read by ETFIQ

Net assets $139.1bn $586m

AGG and KMLM 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.

KMLM

KMLM 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 −0.12 with the S&P 500’s and a beta of −0.12, so for each 1% the index moved it moved about 0.12% the other way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks KMLM rose 0.18% on average, a down-week capture of −16.3%. Over the same 52 weeks KMLM returned +16.6% and a Treasury bill fund +3.7%, so it finished 12.9 percentage points ahead of cash.

Questions people ask

Are AGG and KMLM in the same category?: AGG is a bond ETF and KMLM 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 KMLM?: In the year to Nov 4, 2026, with distributions reinvested, AGG returned +0.2% and KMLM +16.5%.
Which is cheaper, AGG or KMLM?: AGG is cheaper, by 0.87 percentage points a year. That is about $87 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AGG vs RSST AGG vs IMF AGG vs CTA AGG vs TFPN BND vs KMLM KMLM vs TLT GLD vs KMLM KMLM 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 →KMLM on its own →Hold both: look the portfolio through →Rankings →AGG dividend history →AGG holdings →KMLM dividend history →Standards and sources →

Sources and dates

AGG filings on SEC EDGAR ↗

AGG prospectus with the expense ratio (SEC) ↗

iShares page for AGG ↗

KMLM filings on SEC EDGAR ↗

KMLM prospectus with the expense ratio (SEC) ↗

KraneShares page for KMLM ↗

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

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

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