AGZD vs. EMNT
Compare and contrast key facts about WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT).
AGZD and EMNT 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. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGZD or EMNT.
Key characteristics
| AGZD | EMNT | |
|---|---|---|
| YTD Return | 4.99% | 4.84% |
| 1Y Return | 7.64% | 6.25% |
| 3Y Return (Ann) | 4.37% | 3.35% |
| Sharpe Ratio | 1.91 | 5.26 |
| Sortino Ratio | 2.94 | 8.13 |
| Omega Ratio | 1.35 | 4.98 |
| Calmar Ratio | 8.65 | 8.61 |
| Martin Ratio | 29.91 | 130.80 |
| Ulcer Index | 0.25% | 0.05% |
| Daily Std Dev | 3.90% | 1.19% |
| Max Drawdown | -8.45% | -2.28% |
| Current Drawdown | -0.33% | 0.00% |
Correlation
The correlation between AGZD and EMNT is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AGZD vs. EMNT - Performance Comparison
The year-to-date returns for both stocks are quite close, with AGZD having a 4.99% return and EMNT slightly lower at 4.84%. 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. EMNT - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is lower than EMNT's 0.27% expense ratio. Despite the difference, 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
AGZD vs. EMNT - 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 PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT). 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. EMNT - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 6.24%, more than EMNT's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 6.24% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.95% | 2.37% | 1.69% | 0.05% |
EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 5.17% | 4.62% | 2.79% | 0.83% | 1.44% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGZD vs. EMNT - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.45%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for AGZD and EMNT. For additional features, visit the drawdowns tool.
Volatility
AGZD vs. EMNT - Volatility Comparison
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a higher volatility of 1.34% compared to PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) at 0.18%. This indicates that AGZD's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.