AGZ vs. USFR
Compare and contrast key facts about iShares Agency Bond ETF (AGZ) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
AGZ and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both AGZ and USFR 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 USFR.
Key characteristics
| AGZ | USFR | |
|---|---|---|
| YTD Return | 1.70% | 2.03% |
| 1Y Return | -1.55% | 3.66% |
| 5Y Return (Ann) | 1.19% | 1.52% |
| 10Y Return (Ann) | 1.17% | 1.52% |
| Sharpe Ratio | -0.30 | 8.04 |
| Daily Std Dev | 5.05% | 0.46% |
| Max Drawdown | -11.01% | -1.36% |
Correlation
The correlation between AGZ and USFR is 0.02, 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.
AGZ vs. USFR - Performance Comparison
In the year-to-date period, AGZ achieves a 1.70% return, which is significantly lower than USFR's 2.03% return. Over the past 10 years, AGZ has underperformed USFR with an annualized return of 1.17%, while USFR has yielded a comparatively higher 1.52% 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. USFR - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 2.55%, less than USFR's 3.75% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 2.55% | 1.58% | 0.99% | 2.33% | 2.45% | 2.33% | 1.75% | 1.71% | 1.48% | 1.54% | 1.40% | 1.45% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 3.75% | 1.82% | 0.01% | 0.41% | 2.17% | 1.77% | 1.11% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
AGZ vs. USFR - Expense Ratio Comparison
AGZ vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agency Bond ETF (AGZ) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | -0.30 | ||||
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 8.04 |
AGZ vs. USFR - Drawdown Comparison
The maximum AGZ drawdown for the period was -9.44%, lower than the maximum USFR drawdown of -0.04%. The drawdown chart below compares losses from any high point along the way for AGZ and USFR
AGZ vs. USFR - Volatility Comparison
iShares Agency Bond ETF (AGZ) has a higher volatility of 1.15% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.14%. This indicates that AGZ's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.