AGG vs SU: Correlation
iShares Core US Aggregate Bond ETF (AGG) and Suncor Energy Inc. (SU) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGG and SU?
Across a 3-year window, the weekly returns of AGG and SU correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.52) than the 3-year average (-0.25). Stretching to 5 years gives -0.14, with an annualized covariance of -38.5 %².
Within AGG's tracked universe of 34 assets, SU comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SU ahead by 62.0 points (+2.3% versus +64.3%). Risk is not evenly split, since SU carries 5.5 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 SU: side by side
| AGG (iShares Core US Aggregate Bond ETF) | SU (Suncor Energy Inc.) | |
|---|---|---|
| 1-year return | +2.3% | +64.3% |
| 5-year return | -1.1% | +325.4% |
| Volatility (ann.) | 5.3% | 29.1% |
| Beta vs S&P 500 | 0.07 | 0.13 |
| Max drawdown (3Y) | -4.8% | -22.7% |
| Market cap | – | $78.4B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 4.05% | 3.61% |
| Expense ratio | 0.03% | – |
| Assets under management | $137.1B | – |
| Sector / category | ETF · Bonds | US Listed |
On the fund side, AGG sits in the Intermediate Core Bond category at iShares, with $137.1B under management, a 0.03% expense ratio, a 4.05% trailing dividend yield.
Year-by-year returns
| Year | AGG | SU |
|---|---|---|
| 2022 | -13.0% | +32.3% |
| 2023 | +5.7% | +6.0% |
| 2024 | +1.3% | +16.2% |
| 2025 | +7.2% | +27.1% |
| 2026 | +0.3% | +51.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGG and SU good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGG and SU?
The AGG/SU correlation stands at -0.25 on a 3-year window (1 year: -0.52, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is SU a good diversifier for AGG?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agg-vs-su.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agg-vs-su/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGG correlations · SU correlations
