IAGG iShares Core International Aggregate Bond ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for IAGG (iShares Core International Aggregate Bond ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -11.3% (compared to the benchmark's drawdown of -13.9%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 1.8%, compared to a Buy-and-Hold benchmark return of 2.2%. The strategy executed 30 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
IAGG Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full History | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 3.23% | 2.57% | 1.58% | 1.19% | 1.55% | 2.24% | 1.82% | 2.21% |
| Sharpe Ratio | 1.71 | 0.90 | 0.57 | 0.26 | 0.56 | 0.55 | 0.61 | 0.53 |
| Max Drawdown | -1.46% | -2.32% | -8.33% | -13.57% | -11.34% | -13.88% | -11.34% | -13.88% |
| % Time Invested | 100.0% | 100.0% | 68.0% | 100.0% | 68.9% | 100.0% | 80.6% | 100.0% |
| Trades / Year | 5.0 | 0.0 | 3.4 | 0.0 | 3.0 | 0.0 | 3.5 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| Pending (2026-05-30) | — | Pending Buy | 33.33% | — | — | —% | Pending Next-Day Open |
| 2026-02-17 | Open | Open | 33.33% | $50.38 | $50.27 | -0.21% | Mark-to-Market |
| 2023-12-20 | Open | Open | 33.33% | $46.01 | $50.27 | 9.26% | Mark-to-Market |
| 2026-05-04 | Open | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.35% | Mark-to-Market |
| 2026-03-03 | 2026-05-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.60% | Interest Income |
| 2026-02-26 | 2026-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.03% | Interest Income |
| 2026-02-19 | 2026-02-26 | Completed | 33.33% | $50.37 | $50.50 | 0.26% | Signal |
| 2026-01-27 | 2026-02-19 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2026-01-21 | 2026-02-17 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.34% | Interest Income |
| 2026-01-21 | 2026-01-27 | Completed | 33.33% | $49.83 | $49.94 | 0.22% | Signal |
| 2026-01-16 | 2026-01-21 | Completed | 33.33% | $49.96 | $49.83 | -0.26% | Signal |
| 2025-12-26 | 2026-01-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.26% | Interest Income |
| 2025-09-30 | 2026-01-16 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.32% | Interest Income |
| 2025-11-12 | 2025-12-26 | Completed | 33.33% | $49.92 | $49.84 | -0.15% | Signal |
| 2025-10-21 | 2025-11-12 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income |
| 2025-09-29 | 2025-10-21 | Completed | 33.33% | $49.43 | $49.90 | 0.96% | Signal |
| 2025-04-03 | 2025-09-30 | Completed | 33.33% | $48.51 | $49.47 | 1.99% | Signal |
| 2025-06-03 | 2025-09-29 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.82% | Interest Income |
| 2025-05-29 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.06% | Interest Income |
| 2023-12-20 | 2025-05-29 | Completed | 33.33% | $46.01 | $48.98 | 6.46% | Signal |
| 2025-01-22 | 2025-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.97% | Interest Income |
| 2024-08-05 | 2025-01-22 | Completed | 33.33% | $47.70 | $48.22 | 1.09% | Signal |
| 2024-08-02 | 2024-08-05 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.09% | Interest Income |
| 2024-05-17 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.23% | Interest Income |
| 2023-12-20 | 2024-05-17 | Completed | 33.33% | $46.01 | $46.06 | 0.10% | Signal |
| 2023-07-06 | 2023-12-20 | Interest (FLOT) | 33.33% | $1.00 | $1.03 | 2.90% | Interest Income |
| 2023-06-02 | 2023-12-20 | Interest (FLOT) | 33.33% | $1.00 | $1.03 | 3.47% | Interest Income |
| 2023-06-02 | 2023-12-20 | Interest (FLOT) | 33.33% | $1.00 | $1.03 | 3.47% | Interest Income |
| 2023-06-21 | 2023-07-06 | Completed | 33.33% | $43.84 | $43.61 | -0.53% | Signal |
| 2023-06-02 | 2023-06-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2023-04-25 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.45% | Interest Income |
| 2023-04-04 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.71% | Interest Income |
| 2023-04-04 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.71% | Interest Income |
| 2023-04-04 | 2023-04-25 | Completed | 33.33% | $43.60 | $43.59 | -0.02% | Signal |
| 2023-03-07 | 2023-04-04 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.41% | Interest Income |
| 2022-12-02 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.87% | Interest Income |
| 2022-12-02 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.87% | Interest Income |
| 2023-03-02 | 2023-03-07 | Completed | 33.33% | $42.62 | $42.84 | 0.52% | Signal |
| 2022-12-02 | 2023-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 2.04% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-09-27 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.30% | Interest Income |
| 2022-09-27 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.30% | Interest Income |
| 2022-09-27 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.30% | Interest Income |
| 2022-07-29 | 2022-09-27 | Completed | 33.33% | $44.62 | $42.09 | -5.66% | Stop |
| 2022-07-29 | 2022-09-27 | Completed | 33.33% | $44.62 | $42.09 | -5.66% | Stop |
| 2022-07-29 | 2022-09-27 | Completed | 33.33% | $44.62 | $42.09 | -5.66% | Stop |
| 2022-03-02 | 2022-07-29 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income |
| 2022-03-02 | 2022-07-29 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income |
| 2022-03-02 | 2022-07-29 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income |
| 2022-02-08 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.06% | Interest Income |
| 2022-01-11 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.05% | Interest Income |
| 2022-01-04 | 2022-03-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2021-07-08 | 2022-02-08 | Completed | 33.33% | $47.89 | $46.37 | -3.19% | Signal |
| 2020-04-13 | 2022-01-11 | Completed | 33.33% | $46.78 | $47.17 | 0.83% | Signal |
| 2021-11-22 | 2022-01-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2021-07-08 | 2021-11-22 | Completed | 33.33% | $47.89 | $47.72 | -0.36% | Signal |
| 2021-05-12 | 2021-07-08 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income |
| 2021-05-04 | 2021-07-08 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income |
| 2020-04-13 | 2021-05-12 | Completed | 33.33% | $46.78 | $47.22 | 0.94% | Signal |
| 2021-04-05 | 2021-05-03 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2021-03-17 | 2021-04-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.04% | Interest Income |
| 2020-07-01 | 2021-03-17 | Completed | 33.33% | $47.56 | $47.36 | -0.43% | Signal |
| 2020-06-09 | 2020-07-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.36% | Interest Income |
| 2020-04-13 | 2020-06-09 | Completed | 33.33% | $46.78 | $47.28 | 1.07% | Signal |
| 2020-03-19 | 2020-04-13 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-03-19 | 2020-04-13 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-03-19 | 2020-04-13 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-03-06 | 2020-03-19 | Completed | 33.33% | $48.01 | $45.31 | -5.61% | Stop |
| 2019-02-21 | 2020-03-19 | Completed | 33.33% | $43.39 | $45.31 | 4.43% | Stop |
| 2018-06-20 | 2020-03-19 | Completed | 33.33% | $42.19 | $45.31 | 7.40% | Stop |
| 2020-03-03 | 2020-03-06 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.22% | Interest Income |
| 2020-01-02 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income |
| 2018-10-30 | 2020-01-02 | Completed | 33.33% | $42.26 | $46.49 | 9.99% | Signal |
| 2018-12-18 | 2019-02-21 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.44% | Interest Income |
| 2018-11-27 | 2018-12-18 | Completed | 33.33% | $42.34 | $42.73 | 0.92% | Signal |
| 2018-11-02 | 2018-11-27 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.13% | Interest Income |
| 2018-10-15 | 2018-11-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.07% | Interest Income |
| 2018-10-08 | 2018-10-30 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2017-11-07 | 2018-10-15 | Completed | 33.33% | $41.72 | $41.95 | 0.56% | Signal |
| 2018-05-21 | 2018-10-08 | Completed | 33.33% | $41.83 | $41.87 | 0.10% | Signal |
| 2018-05-24 | 2018-06-20 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.07% | Interest Income |
| 2017-11-07 | 2018-05-24 | Completed | 33.33% | $41.72 | $41.93 | 0.51% | Signal |
| 2018-03-20 | 2018-05-21 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.49% | Interest Income |
| 2017-11-07 | 2018-03-20 | Completed | 33.33% | $41.72 | $41.85 | 0.31% | Signal |
| 2017-11-03 | 2017-11-07 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2017-11-03 | 2017-11-07 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |
| 2017-11-03 | 2017-11-07 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.02% | Interest Income |