AGGY vs. FBND
AGGY (WisdomTree Yield Enhanced U.S. Aggregate Bond Fund) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - AGGY is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Yield Enhanced, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. AGGY is passively managed, while FBND is actively managed. Over the past 10 years, AGGY returned 1.68%/yr vs 2.56%/yr for FBND. Their correlation of 0.85 suggests significant overlap in exposure. AGGY charges 0.12%/yr vs 0.36%/yr for FBND.
Performance
AGGY vs. FBND - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AGGY having a 1.16% return and FBND slightly higher at 1.21%. Over the past 10 years, AGGY has underperformed FBND with an annualized return of 1.68%, while FBND has yielded a comparatively higher 2.56% annualized return.
AGGY
- 1D
- 0.03%
- 1M
- 0.99%
- YTD
- 1.16%
- 6M
- 0.91%
- 1Y
- 5.03%
- 3Y*
- 4.81%
- 5Y*
- 0.19%
- 10Y*
- 1.68%
FBND
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 1.21%
- 6M
- 1.00%
- 1Y
- 4.85%
- 3Y*
- 4.81%
- 5Y*
- 0.92%
- 10Y*
- 2.56%
AGGY vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 1.16% | 7.38% | 1.82% | 7.29% | -15.26% | -1.72% | 5.87% | 11.77% | -1.70% | 5.20% |
FBND Fidelity Total Bond ETF | 1.21% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between AGGY and FBND is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.85 |
The correlation between AGGY and FBND shifts across timeframes, from 0.85 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGGY vs. FBND — Risk / Return Rank
AGGY
FBND
AGGY vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and Fidelity Total Bond ETF (FBND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGGY | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.83 | -0.03 |
| Martin ratioReturn relative to average drawdown | 5.07 | 5.21 | -0.14 |
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Drawdowns
AGGY vs. FBND - Drawdown Comparison
The maximum AGGY drawdown since its inception was -20.98%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for AGGY and FBND.
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Drawdown Indicators
| AGGY | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -17.25% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.66% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -5.94% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -20.60% | -17.25% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -20.98% | -17.25% | -3.73% |
Current DrawdownCurrent decline from peak | -1.61% | -0.73% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -3.34% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.93% | +0.06% |
Volatility
AGGY vs. FBND - Volatility Comparison
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and Fidelity Total Bond ETF (FBND) have volatilities of 1.18% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGGY | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.17% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 2.87% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 3.84% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 5.93% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 6.10% | -0.60% |
AGGY vs. FBND - Expense Ratio Comparison
AGGY has a 0.12% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
AGGY vs. FBND - Dividend Comparison
AGGY's dividend yield for the trailing twelve months is around 4.47%, less than FBND's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 4.47% | 4.48% | 4.38% | 3.78% | 2.77% | 2.10% | 2.96% | 3.02% | 3.36% | 2.78% | 3.19% | 1.27% |
FBND Fidelity Total Bond ETF | 4.67% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Frequently Asked Questions
With a correlation of 0.96, AGGY and FBND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AGGY has higher volatility (1.18%) compared to FBND (1.17%). In terms of maximum drawdown, AGGY dropped -20.98% vs FBND's -17.25%.
On 10-year performance, FBND leads with 2.56% vs 1.68% for AGGY. On fees, AGGY is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FBND has performed better with a 2.56% return vs 1.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGGY is cheaper with a 0.12% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.67%, compared with 4.47% for AGGY.
AGGY is categorized as Intermediate Core Bond, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: WisdomTree and Fidelity. Their fees differ too: 0.12% for AGGY and 0.36% for FBND.
FBND currently has the higher Sharpe Ratio (1.27 vs 1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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