Fixed Income: U.S. - Broad Market, Broad-based Investment Grade

IMFC Top Performer Intra-day
Price $26.26
Today’s Change 0.22%
9:30am 11/22/2019
AGGE Bottom Performer Intra-day
Price $19.45
Today’s Change -0.31%
4:00pm 11/21/2019

ETF.com Insight

With 20 ETFs and over $128.26B in combined AUM, the Fixed Income: U.S. - Broad Market, Broad-based Investment Grade segment provides exposure to the U.S. space with a focus on Investment Grade securities.

Year-to-date, the best-performing ETF in the segment is the Vanguard Total Bond Market ETF (BND), with a total return of 12.86%. Meanwhile, the most popular ETF is the iShares Core U.S. Aggregate Bond ETF (AGG) with $66.26BB in assets under management.

Investors should take a look at the iShares Government/Credit Bond ETF (GBF). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. GBF tracks a market-value weighted index of US Treasury, agency, and investment grade corporate bonds, excluding securitized debt instruments. GBF has an expense ratio of 0.20% and tracks the Bloomberg Barclays U.S. Government / Credit Bond Index.

Performance Dispersion

ETF.com Efficiency Insight

The average efficiency score in the Fixed Income: U.S. - Broad Market, Broad-based Investment Grade segment is 88 out of 100, with the iShares Core U.S. Aggregate Bond ETF(AGG) obtaining the highest rating of 98 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.19% per year, with the SPDR Portfolio Aggregate Bond ETF (SPAB) having the lowest expense ratio, charging investors 0.04% yearly.

Investors should look for funds with tight tracking, such as the Vanguard Total Bond Market ETF (BND), with a 12-month median tracking difference of -0.02%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Fixed Income: U.S. - Broad Market, Broad-based Investment Grade segment is 73 out of 100, with the Vanguard Total Bond Market ETF(BND) obtaining the highest rating of 100 out of 100.

The iShares Core U.S. Aggregate Bond ETF (AGG) is the undisputed segment leader when it comes to liquidity. The fund trades 372.61M in daily average volume. Investors should also find ample liquidity in the Vanguard Total Bond Market ETF (BND), with $249.64M in daily dollar volume.

Use limit orders to trade funds such as the WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund(AGZD), due to their double-digit market spreads.

ETF.com/ Block Liquidity

BND
5
4
3
2
1
AGG
5
4
3
2
1
AGGE
5
4
3
2
1
BNDC
5
4
3
2
1
SCHZ
5
4
3
2
1
AGGY
5
4
3
2
1
SPAB
5
4
3
2
1
FLDR
5
4
3
2
1
JAGG
5
4
3
2
1
EAGG
5
4
3
2
1
GBF
5
4
3
2
1
NUBD
5
4
3
2
1
NUAG
5
4
3
2
1
AGND
5
4
3
2
1
AGZD
5
4
3
2
1
HTAB
5
4
3
2
1
IMFC
5
4
3
2
1
PBND
5
4
3
2
1
FLCB
5
4
3
2
1
OVB
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The Bloomberg Barclays U.S. Aggregate Bond Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to . This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, follows a strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology