AGGY vs. IBHD
Compare and contrast key facts about WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
AGGY and IBHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGGY is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg US Aggregate Yield Enhanced. It was launched on Jul 9, 2015. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. Both AGGY and IBHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGGY or IBHD.
Performance
AGGY vs. IBHD - Performance Comparison
Returns By Period
In the year-to-date period, AGGY achieves a 2.02% return, which is significantly lower than IBHD's 5.44% return.
AGGY
2.02%
-0.73%
3.38%
6.65%
-0.62%
N/A
IBHD
5.44%
0.34%
2.94%
6.39%
4.12%
N/A
Key characteristics
| AGGY | IBHD | |
|---|---|---|
| Sharpe Ratio | 1.24 | 3.97 |
| Sortino Ratio | 1.87 | 6.15 |
| Omega Ratio | 1.22 | 2.01 |
| Calmar Ratio | 0.46 | 12.94 |
| Martin Ratio | 4.52 | 74.76 |
| Ulcer Index | 1.54% | 0.09% |
| Daily Std Dev | 5.62% | 1.68% |
| Max Drawdown | -20.98% | -20.11% |
| Current Drawdown | -9.25% | 0.00% |
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AGGY vs. IBHD - Expense Ratio Comparison
AGGY has a 0.12% expense ratio, which is lower than IBHD's 0.35% expense ratio.
Correlation
The correlation between AGGY and IBHD is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
AGGY vs. IBHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.
Dividends
AGGY vs. IBHD - Dividend Comparison
AGGY's dividend yield for the trailing twelve months is around 4.33%, less than IBHD's 6.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 4.33% | 3.78% | 2.78% | 2.10% | 2.97% | 3.02% | 3.36% | 2.78% | 3.19% | 1.27% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.26% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGGY vs. IBHD - Drawdown Comparison
The maximum AGGY drawdown since its inception was -20.98%, roughly equal to the maximum IBHD drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for AGGY and IBHD. For additional features, visit the drawdowns tool.
Volatility
AGGY vs. IBHD - Volatility Comparison
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) has a higher volatility of 1.65% compared to iShares iBonds 2024 Term High Yield & Income ETF (IBHD) at 0.25%. This indicates that AGGY's price experiences larger fluctuations and is considered to be riskier than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.