AGGY vs. OVB
AGGY (WisdomTree Yield Enhanced U.S. Aggregate Bond Fund) and OVB (Overlay Shares Core Bond ETF) are both Intermediate Core Bond funds. AGGY is passively managed, while OVB is actively managed. Over the past 5 years, AGGY returned 0.12%/yr vs 0.74%/yr for OVB. A 0.79 correlation means they provide meaningful diversification when combined. AGGY charges 0.12%/yr vs 0.79%/yr for OVB.
Performance
AGGY vs. OVB - Performance Comparison
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Returns By Period
In the year-to-date period, AGGY achieves a 0.40% return, which is significantly lower than OVB's 2.58% return.
AGGY
- 1D
- -0.21%
- 1M
- 0.51%
- YTD
- 0.40%
- 6M
- 0.21%
- 1Y
- 5.88%
- 3Y*
- 4.65%
- 5Y*
- 0.12%
- 10Y*
- 1.72%
OVB
- 1D
- -0.33%
- 1M
- 0.69%
- YTD
- 2.58%
- 6M
- 2.47%
- 1Y
- 9.55%
- 3Y*
- 5.95%
- 5Y*
- 0.74%
- 10Y*
- —
AGGY vs. OVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 0.40% | 7.38% | 1.82% | 7.29% | -15.26% | -1.72% | 5.87% | 0.54% |
OVB Overlay Shares Core Bond ETF | 2.58% | 7.72% | 4.03% | 6.89% | -16.96% | 0.71% | 9.40% | 1.22% |
Correlation
The correlation between AGGY and OVB is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.79 |
The correlation between AGGY and OVB has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
AGGY vs. OVB — Risk / Return Rank
AGGY
OVB
AGGY vs. OVB - 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 Overlay Shares Core Bond ETF (OVB). 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.
| AGGY | OVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.85 | -1.75 |
| Martin ratioReturn relative to average drawdown | 6.17 | 12.52 | -6.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGGY | OVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.65 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.10 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.26 | +0.12 |
Drawdowns
AGGY vs. OVB - Drawdown Comparison
The maximum AGGY drawdown since its inception was -20.98%, roughly equal to the maximum OVB drawdown of -21.69%. Use the drawdown chart below to compare losses from any high point for AGGY and OVB.
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Drawdown Indicators
| AGGY | OVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -21.69% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.49% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -8.18% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.60% | -21.69% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -20.98% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -0.37% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -7.04% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.76% | +0.20% |
Volatility
AGGY vs. OVB - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) is 1.41%, while Overlay Shares Core Bond ETF (OVB) has a volatility of 1.49%. This indicates that AGGY experiences smaller price fluctuations and is considered to be less risky than OVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGGY | OVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.49% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 4.69% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 5.80% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 7.31% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 7.58% | -2.09% |
AGGY vs. OVB - Expense Ratio Comparison
AGGY has a 0.12% expense ratio, which is lower than OVB's 0.79% expense ratio.
Dividends
AGGY vs. OVB - Dividend Comparison
AGGY's dividend yield for the trailing twelve months is around 4.49%, less than OVB's 6.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 4.49% | 4.48% | 4.38% | 3.78% | 2.77% | 2.10% | 2.96% | 3.02% | 3.36% | 2.78% | 3.19% | 1.27% |
OVB Overlay Shares Core Bond ETF | 6.96% | 6.00% | 5.81% | 5.20% | 4.67% | 4.59% | 3.88% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGGY and OVB have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OVB has higher volatility (1.49%) compared to AGGY (1.41%). In terms of maximum drawdown, AGGY dropped -20.98% vs OVB's -21.69%.
On 5-year performance, OVB leads with 0.74% vs 0.12% 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 5-year period, OVB has performed better with a 0.74% return vs 0.12%. 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 0.79% for OVB.
OVB has the higher dividend yield at 6.96%, compared with 4.49% for AGGY.
They also come from different issuers: WisdomTree and Liquid Strategies. Their fees differ too: 0.12% for AGGY and 0.79% for OVB.
OVB currently has the higher Sharpe Ratio (1.65 vs 1.40), 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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