AGZD vs. AGZ
AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) and AGZ (iShares Agency Bond ETF) are both exchange-traded funds - AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration, while AGZ is a Government Bonds fund tracking the Bloomberg U.S. Agency Bond Index (USD). Both are passively managed. Over the past 10 years, AGZD returned 3.26%/yr vs 1.80%/yr for AGZ. At a correlation of -0.14, they often move in opposite directions. AGZD charges 0.23%/yr vs 0.20%/yr for AGZ.
Performance
AGZD vs. AGZ - Performance Comparison
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Returns By Period
In the year-to-date period, AGZD achieves a 2.29% return, which is significantly higher than AGZ's 0.40% return. Over the past 10 years, AGZD has outperformed AGZ with an annualized return of 3.26%, while AGZ has yielded a comparatively lower 1.80% annualized return.
AGZD
- 1D
- -0.07%
- 1M
- 0.11%
- YTD
- 2.29%
- 6M
- 2.30%
- 1Y
- 5.52%
- 3Y*
- 5.79%
- 5Y*
- 4.33%
- 10Y*
- 3.26%
AGZ
- 1D
- 0.12%
- 1M
- 0.36%
- YTD
- 0.40%
- 6M
- 0.50%
- 1Y
- 3.50%
- 3Y*
- 4.20%
- 5Y*
- 1.22%
- 10Y*
- 1.80%
AGZD vs. AGZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.29% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 4.65% | 0.18% | 2.62% |
AGZ iShares Agency Bond ETF | 0.40% | 6.05% | 3.08% | 5.18% | -7.77% | -1.05% | 5.77% | 5.51% | 1.32% | 2.01% |
Correlation
The correlation between AGZD and AGZ is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | -0.14 |
The correlation between AGZD and AGZ shifts across timeframes, from -0.19 (5 years) to 0.01 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGZD vs. AGZ — Risk / Return Rank
AGZD
AGZ
AGZD vs. AGZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and iShares Agency Bond ETF (AGZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGZD | AGZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 7.57 | 2.60 | +4.97 |
| Martin ratioReturn relative to average drawdown | 22.52 | 8.16 | +14.36 |
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Drawdowns
AGZD vs. AGZ - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.46%, smaller than the maximum AGZ drawdown of -11.01%. Use the drawdown chart below to compare losses from any high point for AGZD and AGZ.
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Drawdown Indicators
| AGZD | AGZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -11.01% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -1.35% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -1.71% | -1.85% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -2.23% | -10.66% | +8.43% |
Max Drawdown (10Y)Largest decline over 10 years | -8.46% | -11.01% | +2.55% |
Current DrawdownCurrent decline from peak | -0.56% | -0.55% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -1.61% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.43% | -0.18% |
Volatility
AGZD vs. AGZ - Volatility Comparison
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a higher volatility of 1.15% compared to iShares Agency Bond ETF (AGZ) at 0.67%. This indicates that AGZD's price experiences larger fluctuations and is considered to be riskier than AGZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZD | AGZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.67% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 1.95% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 2.55% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 3.55% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 3.03% | +0.69% |
AGZD vs. AGZ - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is higher than AGZ's 0.20% 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%.
Dividends
AGZD vs. AGZ - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 3.99%, more than AGZ's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZ iShares Agency Bond ETF | 3.72% | 3.75% | 3.48% | 3.14% | 1.56% | 0.96% | 2.25% | 2.32% | 2.15% | 1.58% | 1.52% | 1.30% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.99% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
Frequently Asked Questions
AGZD and AGZ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.15%) compared to AGZ (0.67%). In terms of maximum drawdown, AGZD dropped -8.46% vs AGZ's -11.01%.
On 10-year performance, AGZD leads with 3.26% vs 1.80% for AGZ. On fees, AGZ is cheaper at 0.20% per year. On volatility, AGZ has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AGZD has performed better with a 3.26% return vs 1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGZ is cheaper with a 0.20% expense ratio, compared with 0.23% for AGZD.
AGZD has the higher dividend yield at 3.99%, compared with 3.72% for AGZ.
AGZD is categorized as Nontraditional Bonds, while AGZ is Government Bonds. AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration, while AGZ tracks Bloomberg U.S. Agency Bond Index (USD). They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.23% for AGZD and 0.20% for AGZ.
AGZD currently has the higher Sharpe Ratio (1.96 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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