AGG vs NBTR: Grades, Fees and Holdings Compared

iShares Core U.S. Aggregate Bond ETF

AGGANYSE Arca

Neuberger Total Return Bond ETF

NBTRCNYSE Arca

Overlap

No data

Expense ratio

AGG −0.91pt a year

AGG0.03%NBTR0.94%

Avg volume · 30D

AGG 5445.4×the volume

AGG9.95MNBTR1.83K

AGG vs NBTR Performance

Oct 31, 2025 – Oct 30, 2026

−0.2%AGG−0.5%NBTR

Expense ratio: AGG 0.03%, better; NBTR 0.94%
Fund size: AGG $140B; NBTR $59M
1Y total return: AGG −0.2%, better; NBTR −0.5%
Yield (12M): AGG 4.12%; NBTR 5.59%, better
Holdings: AGG 13428; NBTR 503
Avg volume (30D): AGG 9.95M sh, better; NBTR 1.83K sh
NAV per share: AGG $96.45; NBTR $48.11
52W range

ETF.net Grade

Pillar letters and Scores for AGG, NBTR, with each pillar’s weight
Pillar	AGG	NBTR
Cost30% weight	A97Higher	F2
Mission25% weight	A100	A100
Risk15% weight	C47	C47
Tradability15% weight	A94Higher	F14
Holdings10% weight	A77Higher	B68
Durability5% weight	A95Higher	F22

Rank among US Aggregate Bond funds

How we build Categories ›

Same Category. AGG and NBTR 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 NBTR 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 93CLDSFFirst Trust Low Duration Strategic Focus ETFScore 42
Rank 93CNBTRNeuberger Total Return Bond ETFScore 42
Rank 98CCRXPColumbia Core Plus Bond ETFScore 41

Our read on each fund

ETF.net Research

AGGAiShares Core U.S. Aggregate Bond ETF

NBTRCNeuberger Total Return 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.

NBTR 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.

NBTR 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.

NBTR 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.

NBTR No data

Full AGG profile⁠

Full NBTR profile⁠

AGG vs NBTR Holdings

How AGG and NBTR differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile87.5%
Asset classFixed Income100%

Sector

No Sector split for NBTR.

Country, concentration and asset class

Country by domicile

Country weights in AGG and NBTR, widest gap first
Country	More in AGGMore in NBTR	AGG	NBTR
United States	AGG +11.0 points	94.8%	83.8%
Panama	NBTR +7.1 points	0.2%	7.3%
United Kingdom	NBTR +0.9 points	0.8%	1.7%
France	NBTR +0.7 points	0.1%	0.8%
Italy	NBTR +0.7 points	0.0%	0.7%
Canada	NBTR +0.7 points	1.0%	1.7%
Other countries (24)	NBTR +0.9 points	3.0%	3.9%

Concentration

Weight in the 10 largest Holdings

AGG6.5%
NBTR19.7%

Securities held

AGG12,534
NBTR501

Asset class

AGG: Fixed Income
NBTR: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. AGG holds 12,534 securities, NBTR 501.

All 13,484 AGG holdings⁠All 505 NBTR 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 NBTR Cost

Overpaying NBTR vs AGG

$17,066

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

AGG 0.03%
$638
NBTR 0.94%
$17,704

Amount$10,000

Years30 years

Cost over time

AGG 0.03%
NBTR 0.94%
Overpaying

Year by year

Year	AGG	NBTR	Overpaying
10	$55	$1,661	$1,606
20	$216	$6,260	$6,044
30	$638	$17,704	$17,066

Expense ratio

0.03%AGG, cheaper
0.94%NBTR

AGG0.03%NBTR0.94%

0.00%1.04%

Middle half of US Aggregate Bond funds
Median 0.34%

AGG 2nd cheapest of 114 funds

NBTR 112th cheapest of 114 funds

AGG vs NBTR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AGG 4.12%; NBTR 5.59%, better
Payout (12M): AGG $3.97; NBTR $2.69
Last payment: AGG $0.33; NBTR $0.21
Ex-dividend: AGG Oct 1, 2026; NBTR Oct 27, 2026
Paid on: AGG Oct 6, 2026; NBTR Oct 30, 2026
Frequency: AGG Monthly; NBTR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

AGGMonthly · 45 paymentsAll AGG payments⁠

NBTRMonthly · 22 paymentsAll NBTR payments⁠

AGG vs NBTR 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%NBTR 4.0%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: AGG 0.17NBTR −0.07since Jan 2025
Worst fallMax drawdown, 5 years: AGG −17.3%NBTR −4.5%since Dec 2024
Market sensitivityBeta, 5 years: AGG 0.99NBTR 0.07; Market = 1

AGG and NBTR in the news

All news⁠

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Popular comparisons

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AGG vs NBTR

In short

Stated mandate

Why people hold it