<p>投资者不必积累股票来产生回报。债券可以提供稳定的收入，并且比股票波动性更小。这些金融资产通常在到期之前保持其价值，并在此期间支付利息。</p>
<p>虽然你可以购买单个债券，但购买债券 ETF 的份额要容易得多。两个最受欢迎的债券 ETF 是 <strong>iShares Core US Aggregate Bond ETF</strong> ( <strong>NYSEARCA:AGG</strong>) 和 <strong>Vanguard Total Bond Market Index Fund ETF</strong> ( <strong>NASDAQ:BND</strong>)。你可以投资这两个 ETF，但本指南将探讨哪个债券 ETF 对长期投资者更具吸引力。</p>
<ul>
<li>AGG 和 BND 是可用的顶级债券 ETF 之一。</li>
</ul>
<ul>
<li>发现哪个债券 ETF 是长期投资者的更好选择。</li>
</ul>
<ul>
<li>今年有 400 万美国人即将退休。如果你想加入他们，请立即点击这里查看你是否落后，或领先。只需一分钟。 (赞助商)</li>
</ul>
<h2>长期回报</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/11/shutterstock-2531239303-huge-licensed-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/11/shutterstock-2531239303-huge-licensed-scaled.jpg"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg"/></p>
<p>这两个基金的长期回报相似，但 Vanguard Total Bond Market Index Fund ETF 的回报略高。BND 在过去十年中实现了年化 1.42% 的回报，而 AGG 在同一时期的年化回报为 1.38%。</p>
<p>债券 ETF 的回报通常低于成长型 ETF 是正常的。这是因为债券 ETF 优先考虑提供固定收入的资产，而不是让投资者有机会实现显著的长期收益。</p>
<h2>费用比率</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2251639961-huge-licensed-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2251639961-huge-licensed-scaled.jpg"/></p>
<p>费用比率衡量每年分配给基金经理的投资组合百分比。较低的费用比率意味着你可以保留更多的资本，这两个 ETF 的费用比率均为 0.03%。当费用比率应用于你的账户时，你几乎不会注意到。</p>
<h2>SEC 收益率</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2018/08/thinkstockphotos-med241031c.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2018/08/thinkstockphotos-med241031c.jpg"/></p>
<p>虽然这两个基金的费用比率都很小，但 30 天的 SEC 收益率是债券 ETF 的一个关键指标。许多人倾向于选择债券 ETF 以获取收入，因此投资者寻求高收益。AGG 的收益率为 4.60%，与 BND 的 30 天 SEC 收益率相同。</p>
<p>然而，如果你放大到 12 个月的收益率，会有一个小差距。AGG 的收益率为 3.72%，而 BND 在过去 12 个月的收益率为 3.65%。</p>
<h2>投资组合配置</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2465944581-huge-licensed-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2465944581-huge-licensed-scaled.jpg"/></p>
<p>这两个基金都优先投资于政府债券，各自将大约一半的资产配置到这一资产类别。ETF 还将约 25% 的持仓投资于公司债券。AGG 和 BND 在债券等级上的投资组合配置也相似，但有一个显著的区别。</p>
<p>BND 将 71.7% 的资产配置到 AAA 级债券，3.1% 的资产配置到 AA 级债券。然而，AGG 的数字几乎是相反的。该 ETF 将 2.7% 的资产配置到 AAA 级债券，73.0% 的资产配置到 AA 级债券。</p>
<p>AA 级债券风险较高，但通常仍然安全。作为额外风险的交换，债券持有人通常会获得更高的收益。这也是 AGG 的 12 个月收益率略高于 BND 的部分原因。</p>
<h2>债券期限</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2478470827-huge-licensed-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2478470827-huge-licensed-scaled.jpg"/></p>
<p>BND 优先考虑 1-3 年期债券，3-5 年期债券是 BND 到期日的第二大部分。该 ETF 还包括 7-20 年期的债券。该基金在 7-10 年期债券的集中度最低。AGG 有类似的设置，但 1-3 年期债券和 3-5 年期债券之间的差距较小。这两个 ETF 几乎所有的持仓都是美国债券。</p>
<h2>债券 ETF 最适合谁？</h2>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/08/shutterstock-2484369079-huge-licensed-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/08/shutterstock-2484369079-huge-licensed-scaled.jpg"/></p>
<p>债券 ETF 最适合那些希望收集被动收入而不必担心投资大幅贬值的风险厌恶型投资者。这些债券在市场急剧下跌时不太容易受到影响，并且收益率高于大多数股票和 ETF。</p>
<p>年轻投资者可能更倾向于选择其他投资，例如成长型股票和 ETF。这些投资者有更多时间等待市场修正后其持仓恢复。</p>
<p>如果你必须在两个债券 ETF 之间选择，BND 看起来是更好的选择。虽然这两个债券 ETF 非常相似，但 BND 在年化回报上略胜于 AGG。它们的 30 天 SEC 收益率是相同的。</p>
<p>文章标题为 AGG 与 BND：哪个债券 ETF 更值得购买？首次发布于 24/7 Wall St..</p>

美债市场指数 ETF - Vanguard

美国债券综合指数 ETF - iShares

<p>这篇文章比较了两种受欢迎的债券 ETF：iShares Core US Aggregate Bond ETF（AGG）和 Vanguard Total Bond Market Index Fund ETF（BND）。这两只 ETF 都提供稳定的收入和低波动性，但 BND 的长期回报略高（1.42% 对 1.38%）。它们的费用比率均为 0.03%，且 30 天的 SEC 收益率相同，均为 4.60%。然而，AGG 的 12 个月收益率更高（3.72% 对 3.65%）。BND 更侧重于 AAA 级债券，而 AGG 则更多投资于 AA 级债券。对于寻求被动收入的风险厌恶型投资者，推荐选择 BND 作为更好的选择</p>

<p>Investors don’t have to accumulate stocks to generate returns. Bonds can provide stable income and less volatility than equities. These financial assets typically retain their value until maturity and pay coupons along the way.</p>
<div class="lb-trans"><p>投资者不必积累股票来产生回报。债券可以提供稳定的收入，并且比股票波动性更小。这些金融资产通常在到期之前保持其价值，并在此期间支付利息。</p>
</div><p>While you can buy individual bonds, it’s much easier to buy shares in a bond ETF. Two of the most reputable bond ETFs are the <strong>iShares Core US Aggregate Bond ETF</strong> ( <strong>NYSEARCA:AGG</strong>) and the <strong>Vanguard Total Bond Market Index Fund ETF</strong> ( <strong>NASDAQ:BND</strong>). You can invest in both ETFs, but this guide will explore which bond ETF is more appealing for long-term investors.</p>
<div class="lb-trans"><p>虽然你可以购买单个债券，但购买债券 ETF 的份额要容易得多。两个最受欢迎的债券 ETF 是 <strong>iShares Core US Aggregate Bond ETF</strong> ( <strong>NYSEARCA:AGG</strong>) 和 <strong>Vanguard Total Bond Market Index Fund ETF</strong> ( <strong>NASDAQ:BND</strong>)。你可以投资这两个 ETF，但本指南将探讨哪个债券 ETF 对长期投资者更具吸引力。</p>
</div><ul>
<li>AGG and BND are two of the top bond ETFs available.</li>
</ul>
<div class="lb-trans"><ul>
<li>AGG 和 BND 是可用的顶级债券 ETF 之一。</li>
</ul>
</div><ul>
<li>Discover which bond ETF is the better choice for long-term investors.</li>
</ul>
<div class="lb-trans"><ul>
<li>发现哪个债券 ETF 是长期投资者的更好选择。</li>
</ul>
</div><ul>
<li>4 million Americans are set to retire this year. If you want to join them, click here now to see if you’re behind, or ahead. It only takes a minute. (Sponsor)</li>
</ul>
<div class="lb-trans"><ul>
<li>今年有 400 万美国人即将退休。如果你想加入他们，请立即点击这里查看你是否落后，或领先。只需一分钟。 (赞助商)</li>
</ul>
</div><h2>Long-Term Returns</h2>
<div class="lb-trans"><h2>长期回报</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/11/shutterstock-2531239303-huge-licensed-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2024/11/shutterstock-2531239303-huge-licensed-scaled.jpg"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg"/></p>
<p>Both funds have produced similar long-term returns, but the Vanguard Total Bond Market Index Fund ETF has slightly higher returns. BND has delivered an annualized 1.42% return over the past decade, while AGG has produced an annualized 1.38% return during the same stretch.</p>
<div class="lb-trans"><p>这两个基金的长期回报相似，但 Vanguard Total Bond Market Index Fund ETF 的回报略高。BND 在过去十年中实现了年化 1.42% 的回报，而 AGG 在同一时期的年化回报为 1.38%。</p>
</div><p>It’s normal for bond ETFs to have low returns compared to growth ETFs. That’s because bond ETFs prioritize assets that offer fixed income instead of giving investors the potential to realize meaningful long-term gains.</p>
<div class="lb-trans"><p>债券 ETF 的回报通常低于成长型 ETF 是正常的。这是因为债券 ETF 优先考虑提供固定收入的资产，而不是让投资者有机会实现显著的长期收益。</p>
</div><h2>Expense Ratio</h2>
<div class="lb-trans"><h2>费用比率</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2251639961-huge-licensed-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2251639961-huge-licensed-scaled.jpg"/></p>
<p>The expense ratio measures the percentage of your portfolio that goes to the fund manager each year. A low expense ratio means you get to keep more of your capital, and both ETFs deliver with 0.03% expense ratios. You’ll barely notice when the expense ratio is applied to your account.</p>
<div class="lb-trans"><p>费用比率衡量每年分配给基金经理的投资组合百分比。较低的费用比率意味着你可以保留更多的资本，这两个 ETF 的费用比率均为 0.03%。当费用比率应用于你的账户时，你几乎不会注意到。</p>
</div><h2>SEC Yields</h2>
<div class="lb-trans"><h2>SEC 收益率</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2018/08/thinkstockphotos-med241031c.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2018/08/thinkstockphotos-med241031c.jpg"/></p>
<p>While the expense ratio is a small number for both funds, the 30-day SEC yield is a key metric for bond ETFs. Many people gravitate toward bond ETFs for income, so investors are seeking high yields. AGG has a 4.60% yield, which is identical to BND’s 30-day SEC yield.</p>
<div class="lb-trans"><p>虽然这两个基金的费用比率都很小，但 30 天的 SEC 收益率是债券 ETF 的一个关键指标。许多人倾向于选择债券 ETF 以获取收入，因此投资者寻求高收益。AGG 的收益率为 4.60%，与 BND 的 30 天 SEC 收益率相同。</p>
</div><p>However, there is a slight gap if you zoom out to 12-month yields. AGG has a 3.72% yield, while BND has a lower 3.65% yield over the past 12 months.</p>
<div class="lb-trans"><p>然而，如果你放大到 12 个月的收益率，会有一个小差距。AGG 的收益率为 3.72%，而 BND 在过去 12 个月的收益率为 3.65%。</p>
</div><h2>Portfolio Allocation</h2>
<div class="lb-trans"><h2>投资组合配置</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2465944581-huge-licensed-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2465944581-huge-licensed-scaled.jpg"/></p>
<p>Both funds prioritize government bonds, with each of them committing approximately half of their assets to this asset group. The ETFs also put about 25% of their holdings into corporate bonds. AGG and BND even have similar portfolio allocations across bond grades, but there is one notable difference.</p>
<div class="lb-trans"><p>这两个基金都优先投资于政府债券，各自将大约一半的资产配置到这一资产类别。ETF 还将约 25% 的持仓投资于公司债券。AGG 和 BND 在债券等级上的投资组合配置也相似，但有一个显著的区别。</p>
</div><p>BND allocates 71.7% of its assets to AAA-rated bonds and 3.1% of its assets to AA-rated bonds. However, the numbers are almost reversed for AGG. That ETF puts 2.7% of its assets into AAA-rated bonds and 73.0% of its assets into AA-rated bonds.</p>
<div class="lb-trans"><p>BND 将 71.7% 的资产配置到 AAA 级债券，3.1% 的资产配置到 AA 级债券。然而，AGG 的数字几乎是相反的。该 ETF 将 2.7% 的资产配置到 AAA 级债券，73.0% 的资产配置到 AA 级债券。</p>
</div><p>AA-rated bonds are riskier but are still generally safe. In exchange for the extra risk, bondholders typically get higher yields. That’s part of the reason why AGG has a slightly higher 12-month yield than BND.</p>
<div class="lb-trans"><p>AA 级债券风险较高，但通常仍然安全。作为额外风险的交换，债券持有人通常会获得更高的收益。这也是 AGG 的 12 个月收益率略高于 BND 的部分原因。</p>
</div><h2>Bond Duration</h2>
<div class="lb-trans"><h2>债券期限</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2478470827-huge-licensed-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2025/01/shutterstock-2478470827-huge-licensed-scaled.jpg"/></p>
<p>BND prioritizes 1-3 year bond terms, with 3-5 year bond terms being the second largest portion of BND’s maturity dates. The ETF also has 7-20 year terms. The fund has the smallest concentration in 7-10 year bond durations. AGG has a similar setup, but the margin between 1-3 year bonds and 3-5 year bonds is smaller. Both ETFs have almost all of their holdings in U.S. bonds.</p>
<div class="lb-trans"><p>BND 优先考虑 1-3 年期债券，3-5 年期债券是 BND 到期日的第二大部分。该 ETF 还包括 7-20 年期的债券。该基金在 7-10 年期债券的集中度最低。AGG 有类似的设置，但 1-3 年期债券和 3-5 年期债券之间的差距较小。这两个 ETF 几乎所有的持仓都是美国债券。</p>
</div><h2>Who Are Bond ETFs Best For?</h2>
<div class="lb-trans"><h2>债券 ETF 最适合谁？</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2024/08/shutterstock-2484369079-huge-licensed-scaled.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2024/08/shutterstock-2484369079-huge-licensed-scaled.jpg"/></p>
<p>Bond ETFs are best for risk-averse investors who want to collect passive income without worrying about their investment losing significant value. These bonds are less vulnerable during sharp market downturns and have higher yields than most stocks and ETFs.</p>
<div class="lb-trans"><p>债券 ETF 最适合那些希望收集被动收入而不必担心投资大幅贬值的风险厌恶型投资者。这些债券在市场急剧下跌时不太容易受到影响，并且收益率高于大多数股票和 ETF。</p>
</div><p>Younger investors may want to choose other investments, such as growth stocks and ETFs. These investors have more time to wait for their positions to recover after market corrections.</p>
<div class="lb-trans"><p>年轻投资者可能更倾向于选择其他投资，例如成长型股票和 ETF。这些投资者有更多时间等待市场修正后其持仓恢复。</p>
</div><p>If you have to pick between two bond ETFs, BND looks like the better pick. While both bond ETFs are very similar, BND narrowly beats AGG on its annualized returns. Their 30-day SEC yields are identical.</p>
<div class="lb-trans"><p>如果你必须在两个债券 ETF 之间选择，BND 看起来是更好的选择。虽然这两个债券 ETF 非常相似，但 BND 在年化回报上略胜于 AGG。它们的 30 天 SEC 收益率是相同的。</p>
</div><p>The post AGG vs BND: Which Bond ETF Is a Better One to Buy? appeared first on 24/7 Wall St..</p>
<div class="lb-trans"><p>文章标题为 AGG 与 BND：哪个债券 ETF 更值得购买？首次发布于 24/7 Wall St..</p>
</div>