AGZD vs. ANGL
Compare and contrast key facts about WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
AGZD and ANGL 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. ANGL is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch US Fallen Angel High Yield Index. It was launched on Apr 10, 2012. Both AGZD and ANGL 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: AGZD or ANGL.
Key characteristics
| AGZD | ANGL | |
|---|---|---|
| YTD Return | 2.52% | -0.10% |
| 1Y Return | 8.39% | 8.38% |
| 3Y Return (Ann) | 3.67% | 0.57% |
| 5Y Return (Ann) | 2.84% | 4.51% |
| 10Y Return (Ann) | 2.15% | 5.68% |
| Sharpe Ratio | 2.78 | 1.39 |
| Daily Std Dev | 3.12% | 6.11% |
| Max Drawdown | -8.45% | -35.07% |
| Current Drawdown | 0.00% | -4.31% |
Correlation
The correlation between AGZD and ANGL is 0.05, 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
AGZD vs. ANGL - Performance Comparison
In the year-to-date period, AGZD achieves a 2.52% return, which is significantly higher than ANGL's -0.10% return. Over the past 10 years, AGZD has underperformed ANGL with an annualized return of 2.15%, while ANGL has yielded a comparatively higher 5.68% 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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AGZD vs. ANGL - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is lower than ANGL's 0.35% expense ratio.
Risk-Adjusted Performance
AGZD vs. ANGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). 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
AGZD vs. ANGL - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 6.15%, more than ANGL's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 6.15% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.95% | 2.37% | 1.69% | 0.05% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 5.65% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.76% | 5.81% | 6.80% | 6.10% |
Drawdowns
AGZD vs. ANGL - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.45%, smaller than the maximum ANGL drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for AGZD and ANGL. For additional features, visit the drawdowns tool.
Volatility
AGZD vs. ANGL - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is 0.86%, while VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a volatility of 1.55%. This indicates that AGZD experiences smaller price fluctuations and is considered to be less risky than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.