Core Viewpoint - The bond market is expected to continue strengthening in 2025, with two specific ETFs, IGIB and AGG, providing potential investment opportunities for exposure to the U.S. investment-grade fixed-income market [1]. Cost & Size Comparison - IGIB has an expense ratio of 0.04% and AGG has a slightly lower expense ratio of 0.03% - As of January 24, 2026, IGIB's 1-year return is 4.65% while AGG's is 3.2% - IGIB offers a dividend yield of 4.58%, compared to AGG's 3.88% - The assets under management (AUM) for IGIB is $17.6 billion, while AGG has a significantly larger AUM of $136.78 billion [2][3][4]. Performance & Risk Comparison - Over the past five years, IGIB experienced a maximum drawdown of -20.64%, while AGG had a drawdown of -17.83% - The growth of a $1,000 investment over five years would result in $883 for IGIB and $857 for AGG [5]. Portfolio Composition - AGG has a 22-year track record and tracks the total U.S. investment-grade bond market with 13,067 holdings, 74% of which are AA-rated bonds [6]. - IGIB focuses on U.S. dollar-denominated investment-grade corporate bonds with maturities of 5 to 10 years, with 44.29% of its holdings in A bonds and 49.18% in BBB bonds [7]. Investment Implications - Despite IGIB's higher dividend yield, AGG pays a higher monthly dividend due to its higher price - AGG's focus on higher-rated bonds makes it a less risky investment, while IGIB carries more risk due to its lower-rated bonds but offers higher potential yields [8][9]. - The choice between these ETFs depends on whether investors prefer a high-risk/high-reward strategy or a more conservative approach [10].

2025年以来，定期存款利率持续下跌，如何获得更为稳健而又有竞争力的收益已成为2025年投资者最迫切的焦虑，债券市场再度成为投资者的热门选择。根 据Wind数据，债券型ETF从年初的1740亿元增至3800多亿元。其中，债市压舱石——十年国债ETF（511260）净流入额近百亿元，当前规模近150亿元，流 动性占优。 从过往表现来看，十年国债ETF（511260）成立以来净值屡创新高，历史业绩持续稳健。根据基金定期报告，截至一季度末，近1年回报率达6.02%，近3年 回报率达15.04%，近5年回报率达19.26%，成立至今累计回报率达34.63%。 值得关注的是，十年国债ETF成立以来经历了2018~2024年共计7个完整自然年度，均保持每年正收益，有望成为穿越牛熊周期的资产配置利器。 此外，十年国债ETF还有四点独特的配置优势： 1、T+0交易便捷：国债类ETF实行"T+0"交易，即当日买入、当日可卖出。低利率环境中，市场呈现高波动行情，高波动中必然蕴含较多的波段交易机会。 从宏观环境来看，国内需求疲软态势延续，消费与地产投资复苏缓慢，企业资本开支意愿低迷，推动资金持续流入债市。另外，中美经济周期错位缓解 ...