AGZ vs. AGZD
Compare and contrast key facts about iShares Agency Bond ETF (AGZ) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD).
AGZ and AGZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AGZ is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Agency Bond Index. It was launched on Nov 5, 2008. AGZD is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. It was launched on Dec 18, 2013. Both AGZ and AGZD 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: AGZ or AGZD.
Key characteristics
| AGZ | AGZD | |
|---|---|---|
| YTD Return | 2.71% | 5.91% |
| 1Y Return | 5.94% | 7.60% |
| 3Y Return (Ann) | -0.19% | 4.67% |
| 5Y Return (Ann) | 0.86% | 3.16% |
| 10Y Return (Ann) | 1.58% | 2.50% |
| Sharpe Ratio | 1.82 | 1.93 |
| Sortino Ratio | 2.80 | 3.01 |
| Omega Ratio | 1.34 | 1.35 |
| Calmar Ratio | 0.78 | 9.78 |
| Martin Ratio | 8.58 | 29.60 |
| Ulcer Index | 0.68% | 0.25% |
| Daily Std Dev | 3.23% | 3.89% |
| Max Drawdown | -11.01% | -8.45% |
| Current Drawdown | -2.03% | -0.04% |
Correlation
The correlation between AGZ and AGZD is -0.15. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AGZ vs. AGZD - Performance Comparison
In the year-to-date period, AGZ achieves a 2.71% return, which is significantly lower than AGZD's 5.91% return. Over the past 10 years, AGZ has underperformed AGZD with an annualized return of 1.58%, while AGZD has yielded a comparatively higher 2.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AGZ vs. AGZD - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is lower than AGZD's 0.23% 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%.
Risk-Adjusted Performance
AGZ vs. AGZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). 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
AGZ vs. AGZD - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.44%, less than AGZD's 6.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.44% | 3.14% | 1.57% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% | 1.33% | 1.19% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 6.25% | 6.07% | 8.61% | 1.66% | 2.29% | 2.83% | 2.62% | 2.35% | 1.95% | 2.37% | 1.69% | 0.05% |
Drawdowns
AGZ vs. AGZD - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, which is greater than AGZD's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for AGZ and AGZD. For additional features, visit the drawdowns tool.
Volatility
AGZ vs. AGZD - Volatility Comparison
The current volatility for iShares Agency Bond ETF (AGZ) is 0.82%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 0.94%. This indicates that AGZ experiences smaller price fluctuations and is considered to be less risky than AGZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.