AGGY vs. PCRB
AGGY (WisdomTree Yield Enhanced U.S. Aggregate Bond Fund) and PCRB (Putnam ESG Core Bond ETF -) are both Intermediate Core Bond funds. AGGY is passively managed, while PCRB is actively managed. Over the past 3 years, AGGY returned 4.65%/yr vs 4.09%/yr for PCRB. Their correlation of 0.94 suggests significant overlap in exposure. AGGY charges 0.12%/yr vs 0.35%/yr for PCRB.
Performance
AGGY vs. PCRB - Performance Comparison
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Returns By Period
In the year-to-date period, AGGY achieves a 0.40% return, which is significantly higher than PCRB's -0.32% 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%
PCRB
- 1D
- -0.13%
- 1M
- -0.22%
- YTD
- -0.32%
- 6M
- -0.43%
- 1Y
- 4.53%
- 3Y*
- 4.09%
- 5Y*
- —
- 10Y*
- —
AGGY vs. PCRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 0.40% | 7.38% | 1.82% | 3.64% |
PCRB Putnam ESG Core Bond ETF - | -0.32% | 7.21% | 1.91% | 2.41% |
Correlation
The correlation between AGGY and PCRB is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023 | 0.94 |
The correlation between AGGY and PCRB has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
AGGY vs. PCRB — Risk / Return Rank
AGGY
PCRB
AGGY vs. PCRB - 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 Putnam ESG Core Bond ETF - (PCRB). 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 | PCRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.51 | +0.59 |
| Martin ratioReturn relative to average drawdown | 6.17 | 4.90 | +1.26 |
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 | PCRB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.21 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
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 | 0.59 | -0.21 |
Drawdowns
AGGY vs. PCRB - Drawdown Comparison
The maximum AGGY drawdown since its inception was -20.98%, which is greater than PCRB's maximum drawdown of -7.20%. Use the drawdown chart below to compare losses from any high point for AGGY and PCRB.
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Drawdown Indicators
| AGGY | PCRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -7.20% | -13.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.02% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -5.85% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -20.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.98% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -2.18% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -1.64% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.93% | +0.03% |
Volatility
AGGY vs. PCRB - Volatility Comparison
WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) has a higher volatility of 1.41% compared to Putnam ESG Core Bond ETF - (PCRB) at 1.32%. This indicates that AGGY's price experiences larger fluctuations and is considered to be riskier than PCRB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGGY | PCRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.32% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 2.66% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 3.77% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 5.63% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 5.63% | -0.14% |
AGGY vs. PCRB - Expense Ratio Comparison
AGGY has a 0.12% expense ratio, which is lower than PCRB's 0.35% expense ratio.
Dividends
AGGY vs. PCRB - Dividend Comparison
AGGY's dividend yield for the trailing twelve months is around 4.49%, less than PCRB's 9.79% 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% |
PCRB Putnam ESG Core Bond ETF - | 9.79% | 4.30% | 4.38% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, AGGY and PCRB 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 (1.41%) compared to PCRB (1.32%). In terms of maximum drawdown, AGGY dropped -20.98% vs PCRB's -7.20%.
On 3-year performance, AGGY leads with 4.65% vs 4.09% for PCRB. 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 3-year period, AGGY has performed better with a 4.65% return vs 4.09%. 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 0.35% for PCRB.
PCRB has the higher dividend yield at 9.79%, compared with 4.49% for AGGY.
They also come from different issuers: WisdomTree and Putnam. Their fees differ too: 0.12% for AGGY and 0.35% for PCRB.
AGGY currently has the higher Sharpe Ratio (1.40 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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