AGG vs RKT: Correlation
How closely do iShares Core US Aggregate Bond ETF (AGG) and Rocket Companies, Inc. (RKT) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGG and RKT?
On 3 years of weekly data the AGG/RKT correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 193.5 %².
Within AGG's tracked universe of 34 assets, RKT comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AGG outperformed by 23.5 percentage points (+2.3% for AGG against -21.2% for RKT). Risk is not evenly split, since RKT carries 10.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AGG vs RKT: side by side
| AGG (iShares Core US Aggregate Bond ETF) | RKT (Rocket Companies, Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -21.2% |
| 5-year return | -1.1% | -7.5% |
| Volatility (ann.) | 5.3% | 55.4% |
| Beta vs S&P 500 | 0.07 | 1.02 |
| Max drawdown (3Y) | -4.8% | -50.6% |
| Market cap | – | $40.3B |
| P/E (trailing) | – | – |
| Dividend yield | 4.05% | 0.00% |
| Expense ratio | 0.03% | – |
| Assets under management | $137.1B | – |
| Sector / category | ETF · Bonds | US Listed |
AGG is an Intermediate Core Bond fund from iShares: $137.1B under management, a 0.03% expense ratio, a 4.05% trailing dividend yield.
Year-by-year returns
| Year | AGG | RKT |
|---|---|---|
| 2022 | -13.0% | -46.2% |
| 2023 | +5.7% | +106.9% |
| 2024 | +1.3% | -22.2% |
| 2025 | +7.2% | +81.7% |
| 2026 | +0.3% | -26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGG and RKT good diversifiers for each other?
Only partially. A correlation of 0.66 means AGG and RKT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AGG and RKT?
As of 2026-08-27, the correlation of weekly returns between AGG and RKT is 0.66 over 3 years, 0.66 over 1 year and 0.62 over 5 years.
Is RKT a good diversifier for AGG?
Only partially. A correlation of 0.66 means AGG and RKT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agg-vs-rkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agg-vs-rkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGG correlations · RKT correlations
