AGGY vs. QQQ
Compare and contrast key facts about WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) and Invesco QQQ (QQQ).
AGGY and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both AGGY and QQQ 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 QQQ.
Performance
AGGY vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, AGGY achieves a 2.25% return, which is significantly lower than QQQ's 23.47% return.
AGGY
2.25%
-1.22%
3.21%
7.18%
-0.56%
N/A
QQQ
23.47%
1.82%
10.79%
29.73%
20.93%
18.10%
Key characteristics
| AGGY | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.31 | 1.80 |
| Sortino Ratio | 1.97 | 2.40 |
| Omega Ratio | 1.23 | 1.32 |
| Calmar Ratio | 0.49 | 2.31 |
| Martin Ratio | 4.87 | 8.39 |
| Ulcer Index | 1.52% | 3.73% |
| Daily Std Dev | 5.61% | 17.41% |
| Max Drawdown | -20.98% | -82.98% |
| Current Drawdown | -9.04% | -2.08% |
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AGGY vs. QQQ - Expense Ratio Comparison
AGGY has a 0.12% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between AGGY and QQQ is 0.06, 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. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
AGGY's dividend yield for the trailing twelve months is around 4.32%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGGY WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 4.32% | 3.78% | 2.78% | 2.10% | 2.97% | 3.02% | 3.36% | 2.78% | 3.19% | 1.27% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
AGGY vs. QQQ - Drawdown Comparison
The maximum AGGY drawdown since its inception was -20.98%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AGGY and QQQ. For additional features, visit the drawdowns tool.
Volatility
AGGY vs. QQQ - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (AGGY) is 1.66%, while Invesco QQQ (QQQ) has a volatility of 5.66%. This indicates that AGGY experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.