AGG vs FCBD: Grades, Fees and Holdings Compared

iShares Core U.S. Aggregate Bond ETF

AGGANYSE Arca

Frontier Asset Core Bond ETF

FCBDCNYSE Arca

Overlap

0.0%by weight

Expense ratio

AGG −0.81pt a year

AGG0.03%FCBD0.84%

Avg volume · 30D

AGG 3255.5×the volume

AGG9.95MFCBD3.06K

AGG vs FCBD Performance

Oct 31, 2025 – Oct 30, 2026

−0.2%AGG+0.8%FCBD

Expense ratio: AGG 0.03%, better; FCBD 0.84%
Fund size: AGG $140B; FCBD $40M
1Y total return: AGG −0.2%; FCBD +0.8%, better
Yield (12M): AGG 4.12%, better; FCBD 4.09%
Holdings: AGG 13428; FCBD 8
Avg volume (30D): AGG 9.95M sh, better; FCBD 3.06K sh
NAV per share: AGG $96.45; FCBD $24.93
52W range

ETF.net Grade

Pillar letters and Scores for AGG, FCBD, with each pillar’s weight
Pillar	AGG	FCBD
Cost30% weight	A97Higher	F4
Mission25% weight	A100Higher	A84
Risk15% weight	C47	B64Higher
Tradability15% weight	A94Higher	C41
Holdings10% weight	A77Higher	D33
Durability5% weight	A95Higher	F15

Rank among US Aggregate Bond funds

How we build Categories ›

Same Category. AGG and FCBD are both graded against the same 114 US Aggregate Bond funds, so their Grades compare head to head.

US Aggregate Bond⁠

Category · 114 funds

See all 114 ›

AGG ranks 1st and FCBD 93rd of 114 funds in the US Aggregate Bond Category.

Rank 1AAGGiShares Core U.S. Aggregate Bond ETFScore 87
Rank 2AIUSBiShares Core Universal USD Bond ETFScore 86
Rank 93CDMXDoubleLine Multi-Sector Income ETFScore 42
Rank 93CFCBDFrontier Asset Core Bond ETFScore 42
Rank 93CLDSFFirst Trust Low Duration Strategic Focus ETFScore 42

Our read on each fund

ETF.net Research

AGGAiShares Core U.S. Aggregate Bond ETF

FCBDCFrontier Asset Core Bond ETF

In short

AGG Launched in 2003, one of the first funds to pack the entire U.S. investment-grade bond market into a single ticker: Treasuries, corporates and mortgage bonds, three basis points a year, cash paid monthly.

FCBD No data

Stated mandate

AGG The fund seeks to track the Bloomberg U.S. Aggregate Bond Index, providing broad exposure to the total U.S. investment-grade bond market.

FCBD No data

Why people hold it

AGG 0.03% a year against a peer-group median near 0.36%. On a bond fund, the fee comes straight out of the coupon, so the gap matters more than it looks.
A $100 billion-plus fund and very actively traded, the kind of depth that keeps bid-ask costs down for retail-sized orders.
Tracks the Bloomberg U.S. Aggregate closely, with one of the tightest index-following records in its peer group. Income is distributed monthly.
Running since 2003, giving it one of the longest track records among U.S. bond index ETFs.

FCBD No data

Worth knowing

AGG Investment grade and U.S. dollar only. High-yield debt and foreign bonds sit outside the mandate, so this is designed as core ballast rather than a yield hunt.
Rate risk comes as it comes. The index gets tracked whether yields rise or fall, with no manager stepping in to shorten duration.
The same index is sold by SPAB, SCHZ and BBAG at the same 0.03%. The portfolio is the commodity here; scale and trading depth are the tiebreakers.

FCBD No data

Full AGG profile⁠

Full FCBD profile⁠

AGG vs FCBD Holdings

How AGG and FCBD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AGG and 0.0% of FCBD.

Level by level

Asset classFixed Income, Equity0.0%
Sector15 Sectors0.0%
Holdings0 in both0.0%
Countryby domicile94.8%

Sector

Sector weights in AGG and FCBD, widest gap first
Sector	More in AGGMore in FCBD	AGG	FCBD
Government	FCBD +49.1 points	0.0%	49.1%
Treasury	AGG +47.1 points	47.1%	0.0%
Securitized	FCBD +30.9 points	0.0%	30.9%
MBS Pass-Through	AGG +23.0 points	23.0%	0.0%
Corporate	FCBD +20.0 points	0.0%	20.0%
Industrial	AGG +14.4 points	14.4%	0.0%
Financial Institutions	AGG +8.1 points	8.1%	0.0%
Utility	AGG +2.5 points	2.5%	0.0%
CMBS	AGG +1.4 points	1.4%	0.0%
Sovereign	AGG +1.1 points	1.1%	0.0%
Supranational	AGG +0.9 points	0.9%	0.0%
Local Authority	AGG +0.6 points	0.6%	0.0%
Agency	AGG +0.5 points	0.5%	0.0%
ABS	AGG +0.4 points	0.4%	0.0%
Municipal	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in AGG and FCBD, widest gap first
Country	More in AGGMore in FCBD	AGG	FCBD
United States	FCBD +5.2 points	94.8%	100.0%
Canada	AGG +1.0 points	1.0%	0.0%
United Kingdom	AGG +0.8 points	0.8%	0.0%
Japan	AGG +0.5 points	0.5%	0.0%
Other countries (26)	AGG +2.8 points	2.8%	0.0%

Concentration

Weight in the 10 largest Holdings

AGG6.5%
FCBD100.0%

Securities held

AGG12,534
FCBD7

Asset class

AGG: Fixed Income
FCBD: Equity

Holdings

Only in AGG12,534
In both0
Only in FCBD7

Only in AGG

12,534 securities, 99.3% of AGG by weight

Treasury Note (Old) 4.38% 05/15/20360.40%
Treasury Note 4.63% 02/15/20350.40%
Treasury Note 4.25% 11/15/20340.40%
Treasury Note 4.38% 05/15/20340.40%
Treasury Note 4.00% 02/28/20300.39%
Treasury Note 4.25% 05/15/20350.39%
Treasury Note 3.88% 08/15/20340.38%
Treasury Note (2OLD) 4.13% 02/15/20360.38%
Treasury Note 4.50% 11/15/20330.38%
Treasury Note 4.25% 08/15/20350.38%
Treasury Note 3.88% 07/15/20280.38%
Treasury Note 4.00% 11/15/20350.38%
Treasury Note 4.00% 02/15/20340.37%
Treasury Note 3.88% 06/15/20280.36%
Treasury Note 3.50% 10/15/20280.35%
Treasury Note 3.63% 08/15/20280.34%
Treasury Note 3.88% 08/15/20330.33%
Treasury Note (2OLD) 4.38% 08/31/20310.33%
Treasury Note 2.88% 05/15/20320.32%
Treasury Note 3.63% 08/31/20300.32%
Treasury Note 4.13% 05/31/20310.31%
Treasury Note 3.88% 04/30/20310.31%
Treasury Note 3.50% 11/15/20280.31%
Treasury Note 1.38% 11/15/20310.31%
Treasury Note 3.38% 05/15/20330.31%
Treasury Note 3.50% 01/31/20280.30%
Treasury Note 3.50% 02/28/20310.30%
Treasury Note 3.50% 02/15/20330.30%
Treasury Note 4.38% 07/31/20310.30%
Treasury Note 3.63% 12/31/20300.30%
Treasury Note 3.38% 09/15/20280.29%
Treasury Note 4.00% 05/31/20300.29%
Treasury Note 3.88% 03/31/20310.29%
Treasury Note (Otr) 4.63% 08/15/20360.28%
Treasury Note 3.88% 06/30/20300.28%
Treasury Note 1.88% 02/15/20320.28%
Treasury Note 1.00% 07/31/20280.28%
Treasury Note 4.13% 11/15/20320.28%
Treasury Note 3.63% 09/30/20300.27%
Treasury Note 3.63% 10/31/20300.27%
Treasury Note 1.25% 08/15/20310.27%
Treasury Note 2.75% 08/15/20320.26%
Treasury Note 4.13% 06/30/20310.26%
Treasury Note 3.50% 11/30/20300.26%
Treasury Note 3.38% 02/29/20280.26%
Treasury Note 1.63% 05/15/20310.26%
Treasury Note 3.75% 01/31/20310.25%
Treasury Note 3.50% 12/15/20280.25%
Treasury Note (Old) 5.00% 09/30/20310.25%
Treasury Note 3.38% 11/30/20270.25%

Only in FCBD

7 securities, 98.7% of FCBD by weight

Vanguard Intermediate-Term T24.66%
Tcw Flexible Income Etf23.91%
JPMorgan Core Plus Bond Etf18.20%
Regan Floating Rate Mbs Etf10.08%
Wisdomtree Floating Rate Tre10.06%
JPMorgan Ultra-Short Income6.54%
Ishares Investment Grade Sys5.25%

Weight gaps

AGG and FCBD share no securities.

All 13,484 AGG holdings⁠All FCBD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AGG vs FCBD Cost

Overpaying FCBD vs AGG

$15,391

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AGG 0.03%
$638
FCBD 0.84%
$16,029

Amount$10,000

Years30 years

Cost over time

AGG 0.03%
FCBD 0.84%
Overpaying

Year by year

Year	AGG	FCBD	Overpaying
10	$55	$1,491	$1,436
20	$216	$5,643	$5,427
30	$638	$16,029	$15,391

Expense ratio

0.03%AGG, cheaper
0.84%FCBD

AGG0.03%FCBD0.84%

0.00%1.04%

Middle half of US Aggregate Bond funds
Median 0.34%

AGG 2nd cheapest of 114 funds

FCBD 109th cheapest of 114 funds

AGG vs FCBD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AGG 4.12%, better; FCBD 4.09%
Payout (12M): AGG $3.97; FCBD $1.02
Last payment: AGG $0.33; FCBD $0.23
Ex-dividend: AGG Oct 1, 2026; FCBD Sep 29, 2026
Paid on: AGG Oct 6, 2026; FCBD Oct 6, 2026
Frequency: AGG Monthly; FCBD Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

AGGMonthly · 45 paymentsAll AGG payments⁠

FCBDQuarterly · 8 paymentsAll FCBD payments⁠

AGG vs FCBD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AGG 5.6%FCBD 2.8%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: AGG 0.17FCBD −0.19since Jan 2025
Worst fallMax drawdown, 5 years: AGG −17.3%FCBD −2.7%since Dec 2024
Market sensitivityBeta, 5 years: AGG 0.99FCBD 0.06; Market = 1

AGG and FCBD in the news

All news⁠

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Updated Oct 28, 2026AGG

Popular comparisons

AGGAvsIUSBA
iShares Core U.S. Aggregate Bond ETF · iShares Core Universal USD Bond ETF
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FCBDCvsIUSBA
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AGG vs FCBD

In short

Stated mandate

Why people hold it