AGZD vs. AMAX
Compare and contrast key facts about WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and RH Hedged Multi-Asset Income ETF (AMAX).
AGZD and AMAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AMAX is an actively managed fund by Adaptive. It was launched on Oct 2, 2009.
Performance
AGZD vs. AMAX - Performance Comparison
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AGZD vs. AMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 1.24% | 4.35% | 6.64% | 7.15% | 1.17% | -0.12% |
AMAX RH Hedged Multi-Asset Income ETF | 0.18% | 11.38% | 9.62% | 6.70% | -12.56% | -0.20% |
Returns By Period
In the year-to-date period, AGZD achieves a 1.24% return, which is significantly higher than AMAX's 0.18% return.
AGZD
- 1D
- 0.46%
- 1M
- 0.66%
- YTD
- 1.24%
- 6M
- 2.27%
- 1Y
- 5.10%
- 3Y*
- 6.13%
- 5Y*
- 4.13%
- 10Y*
- 3.13%
AMAX
- 1D
- 1.59%
- 1M
- -4.93%
- YTD
- 0.18%
- 6M
- -1.00%
- 1Y
- 14.81%
- 3Y*
- 8.20%
- 5Y*
- —
- 10Y*
- —
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AGZD vs. AMAX - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is lower than AMAX's 1.29% expense ratio.
Return for Risk
AGZD vs. AMAX — Risk / Return Rank
AGZD
AMAX
AGZD vs. AMAX - 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 RH Hedged Multi-Asset Income ETF (AMAX). 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.
| AGZD | AMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.32 | +0.16 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.81 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.89 | 1.98 | +1.91 |
Martin ratioReturn relative to average drawdown | 13.79 | 6.32 | +7.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGZD | AMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.32 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.29 | +0.34 |
Correlation
The correlation between AGZD and AMAX 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.
Dividends
AGZD vs. AMAX - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 4.07%, less than AMAX's 10.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 4.07% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
AMAX RH Hedged Multi-Asset Income ETF | 10.57% | 9.18% | 7.36% | 6.99% | 11.22% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGZD vs. AMAX - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.46%, smaller than the maximum AMAX drawdown of -16.28%. Use the drawdown chart below to compare losses from any high point for AGZD and AMAX.
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Drawdown Indicators
| AGZD | AMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -16.28% | +7.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.14% | -7.53% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -2.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -8.46% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.06% | +6.06% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -5.44% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 2.36% | -1.99% |
Volatility
AGZD vs. AMAX - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is 0.82%, while RH Hedged Multi-Asset Income ETF (AMAX) has a volatility of 4.15%. This indicates that AGZD experiences smaller price fluctuations and is considered to be less risky than AMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZD | AMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 4.15% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 8.14% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 11.29% | -7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 10.38% | -6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 10.38% | -6.59% |