Data as of Oct 28, 2026.
AGG vs USFR: Differences, Returns & Fees
AGG's duration was 5.8 years on Aug 31, 2026 and USFR's 0.0 on May 31, 2026; AGG charges 0.03% to USFR's 0.15%.
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Net assets: $139.4bn on Oct 27, 2026 for iShares Core U.S. Aggregate Bond ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
Pair scorecard
AGG costs 0.12 points a year less; their one-year returns differ by 5.5 points.
| Measure | AGG | USFR |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | +4.1% |
| Drawdown | ||
| Below its high | 3.4%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Bond Index | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.15% |
| Net assets, AGG as of Oct 27, 2026 and USFR as of May 31, 2026 | $139.4bn | $17.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Feb 14, 2014 to Oct 23, 2026 · 662 weekly returnsEach against its own benchmark: AGG against SCHZ, Jul 22, 2011 to Oct 23, 2026; USFR against TFLO, Feb 14, 2014 to Oct 23, 2026.
USFR returned more: +29.1% to +26.1%. USFR swung less: 0.9% to 4.9%. USFR fell less at its worst: −1.4% to −18.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AGG | USFR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +26.1% | +29.1% | USFR | Price change plus distributions, reinvested. |
| Annualized | +1.8% | +2.0% | USFR (slight) | Total return as a yearly rate. |
| Price return | −11.0% | +1.1% | USFR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 4.9% | 0.9% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.5% | 0.6% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.2% | −1.4% | USFR | Deepest fall from a high to the low after it. |
| Upside capture | 97.5% | 67.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.5% | 0.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.94 | 0.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.95 | 0.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.01 | 0.01 | USFR | Return above Treasury bills per unit of volatility. |
| Sortino | −0.02 | 0.01 | USFR | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.004 | 0.006 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.10 | 1.49 | USFR | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SCHZ | TFLO | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.23 | 0.02 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.6% | −0.5% to +0.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.04 | 0.00 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.1% | 2.1% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 662 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AGG and USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
AGG and USFR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AGG and USFR do different jobs. What does each one do in a portfolio?
- What each follows. AGG follows Bloomberg U.S. Aggregate Bond Index and USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AGG returned −1.4% and USFR +4.1% with distributions reinvested, a gap of 5.5 points.
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.
USFR
USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, AGG or USFR?
- In the year to Oct 28, 2026, with distributions reinvested, AGG returned −1.4% and USFR +4.1%.
- Which is cheaper, AGG or USFR?
- AGG is cheaper, by 0.12 percentage points a year. That is about $12 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 USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/agg-vs-usfr
ETFIQ. (Oct 28, 2026). AGG against USFR. Retrieved from https://etfiq.com/compare/any/agg-vs-usfr
[AGG against USFR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/agg-vs-usfr)
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