AGZD vs. EIPI
AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) and EIPI (FT Energy Income Partners Enhanced Income 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 EIPI is a Derivative Income fund actively managed by First Trust. AGZD is passively managed, while EIPI is actively managed. Over the past year, AGZD returned 5.50% vs 19.20% for EIPI. At a correlation of -0.03, they often move in opposite directions. AGZD charges 0.23%/yr vs 1.11%/yr for EIPI.
Performance
AGZD vs. EIPI - Performance Comparison
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Returns By Period
In the year-to-date period, AGZD achieves a 2.35% return, which is significantly lower than EIPI's 13.00% return.
AGZD
- 1D
- 0.02%
- 1M
- 0.18%
- YTD
- 2.35%
- 6M
- 2.55%
- 1Y
- 5.50%
- 3Y*
- 5.81%
- 5Y*
- 4.33%
- 10Y*
- 3.27%
EIPI
- 1D
- 0.88%
- 1M
- -3.92%
- YTD
- 13.00%
- 6M
- 14.24%
- 1Y
- 19.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGZD vs. EIPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.35% | 4.35% | 4.39% |
EIPI FT Energy Income Partners Enhanced Income ETF | 13.00% | 12.38% | 13.14% |
Correlation
The correlation between AGZD and EIPI is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since May 6, 2024 | -0.03 |
The correlation between AGZD and EIPI shifts across timeframes, from -0.16 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AGZD vs. EIPI — Risk / Return Rank
AGZD
EIPI
AGZD vs. EIPI - 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 FT Energy Income Partners Enhanced Income ETF (EIPI). 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 | EIPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 7.55 | 4.04 | +3.51 |
| Martin ratioReturn relative to average drawdown | 22.66 | 12.86 | +9.80 |
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Drawdowns
AGZD vs. EIPI - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.46%, smaller than the maximum EIPI drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for AGZD and EIPI.
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Drawdown Indicators
| AGZD | EIPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -12.33% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -4.77% | +4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -1.71% | — | — |
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 | -0.49% | -3.94% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -1.70% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 1.50% | -1.26% |
Volatility
AGZD vs. EIPI - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is 1.15%, while FT Energy Income Partners Enhanced Income ETF (EIPI) has a volatility of 3.22%. This indicates that AGZD experiences smaller price fluctuations and is considered to be less risky than EIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZD | EIPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 3.22% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 7.35% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 9.63% | -6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 13.01% | -9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 13.01% | -9.29% |
AGZD vs. EIPI - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is lower than EIPI's 1.11% expense ratio.
Dividends
AGZD vs. EIPI - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 3.98%, less than EIPI's 6.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.98% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
EIPI FT Energy Income Partners Enhanced Income ETF | 6.87% | 9.71% | 6.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGZD and EIPI have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIPI has higher volatility (3.22%) compared to AGZD (1.15%). In terms of maximum drawdown, AGZD dropped -8.46% vs EIPI's -12.33%.
On 1-year performance, EIPI leads with 19.20% vs 5.50% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EIPI has performed better with a 19.20% return vs 5.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGZD is cheaper with a 0.23% expense ratio, compared with 1.11% for EIPI.
EIPI has the higher dividend yield at 6.87%, compared with 3.98% for AGZD.
AGZD is categorized as Nontraditional Bonds, while EIPI is Derivative Income. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.23% for AGZD and 1.11% for EIPI.
EIPI currently has the higher Sharpe Ratio (2.01 vs 1.95), 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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