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AGZ vs. USFR

Last updated May 27, 2023

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


AGZUSFR
YTD Return1.70%2.03%
1Y Return-1.55%3.66%
5Y Return (Ann)1.19%1.52%
10Y Return (Ann)1.17%1.52%
Sharpe Ratio-0.308.04
Daily Std Dev5.05%0.46%
Max Drawdown-11.01%-1.36%

Correlation

0.02
-1.001.00

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.


7.00%8.00%9.00%10.00%11.00%12.00%13.00%14.00%December2023FebruaryMarchAprilMay
12.14%
10.13%
AGZ
USFR

Compare stocks, funds, or ETFs


iShares Agency Bond ETF

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.


TTM20222021202020192018201720162015201420132012
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 has a 0.20% expense ratio, which is higher than USFR's 0.15% expense ratio.

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AGZ
iShares Agency Bond ETF
-0.30
USFR
WisdomTree Bloomberg Floating Rate Treasury Fund
8.04

AGZ vs. USFR - Sharpe Ratio Comparison

The current AGZ Sharpe Ratio is -0.30, which is lower than the USFR Sharpe Ratio of 8.04. The chart below compares the 12-month rolling Sharpe Ratio of AGZ and USFR.


-2.000.002.004.006.008.00December2023FebruaryMarchAprilMay
-0.30
8.04
AGZ
USFR

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


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2023FebruaryMarchAprilMay
-7.78%
0
AGZ
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.


0.00%0.50%1.00%1.50%2.00%December2023FebruaryMarchAprilMay
1.15%
0.14%
AGZ
USFR