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 | 2.80% | 4.73% |
| 1Y Return | 5.27% | 5.32% |
| 3Y Return (Ann) | -0.16% | 3.95% |
| 5Y Return (Ann) | 0.89% | 2.51% |
| 10Y Return (Ann) | 1.59% | 2.38% |
| Sharpe Ratio | 1.87 | 14.85 |
| Sortino Ratio | 2.88 | 54.03 |
| Omega Ratio | 1.36 | 13.16 |
| Calmar Ratio | 0.84 | 88.94 |
| Martin Ratio | 8.73 | 757.73 |
| Ulcer Index | 0.69% | 0.01% |
| Daily Std Dev | 3.22% | 0.36% |
| Max Drawdown | -11.01% | -1.36% |
| Current Drawdown | -1.95% | 0.00% |
Correlation
The correlation between AGZ and USFR is 0.01, 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.
Performance
AGZ vs. USFR - Performance Comparison
In the year-to-date period, AGZ achieves a 2.80% return, which is significantly lower than USFR's 4.73% return. Over the past 10 years, AGZ has underperformed USFR with an annualized return of 1.59%, while USFR has yielded a comparatively higher 2.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AGZ vs. USFR - Expense Ratio Comparison
AGZ has a 0.20% expense ratio, which is higher than USFR's 0.15% expense ratio. However, 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. 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.
Dividends
AGZ vs. USFR - Dividend Comparison
AGZ's dividend yield for the trailing twelve months is around 3.44%, less than USFR's 5.30% 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% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGZ vs. USFR - Drawdown Comparison
The maximum AGZ drawdown since its inception was -11.01%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for AGZ and USFR. For additional features, visit the drawdowns tool.
Volatility
AGZ vs. USFR - Volatility Comparison
iShares Agency Bond ETF (AGZ) has a higher volatility of 0.77% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.10%. 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.