AGZD vs. FPEI
Compare and contrast key facts about WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and First Trust Institutional Preferred Securities & Income ETF (FPEI).
AGZD and FPEI 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. FPEI is an actively managed fund by First Trust. It was launched on Aug 22, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGZD or FPEI.
Key characteristics
| AGZD | FPEI | |
|---|---|---|
| YTD Return | 1.79% | -3.65% |
| 1Y Return | 4.04% | -4.32% |
| 5Y Return (Ann) | 1.77% | 2.36% |
| 10Y Return (Ann) | 1.45% | 2.05% |
| Sharpe Ratio | 1.01 | -0.34 |
| Daily Std Dev | 4.11% | 10.54% |
| Max Drawdown | -8.45% | -27.51% |
Correlation
The correlation between AGZD and FPEI is 0.12, 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.
AGZD vs. FPEI - Performance Comparison
In the year-to-date period, AGZD achieves a 1.79% return, which is significantly lower than FPEI's -3.65% return. Over the past 10 years, AGZD has underperformed FPEI with an annualized return of 1.45%, while FPEI has yielded a comparatively higher 2.05% 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. FPEI - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 9.93%, more than FPEI's 8.09% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 9.93% | 8.73% | 1.83% | 2.55% | 3.24% | 3.08% | 2.84% | 2.24% | 2.10% | 2.16% | 0.07% |
FPEI First Trust Institutional Preferred Securities & Income ETF | 8.09% | 5.33% | 4.81% | 5.53% | 5.96% | 7.28% | 1.98% | 0.00% | 0.00% | 0.00% | 0.00% |
AGZD vs. FPEI - Expense Ratio Comparison
AGZD vs. FPEI - 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 First Trust Institutional Preferred Securities & Income ETF (FPEI). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 1.01 | ||||
FPEI First Trust Institutional Preferred Securities & Income ETF | -0.34 |
AGZD vs. FPEI - Drawdown Comparison
The maximum AGZD drawdown for the period was -1.88%, higher than the maximum FPEI drawdown of -16.46%. The drawdown chart below compares losses from any high point along the way for AGZD and FPEI
AGZD vs. FPEI - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is 0.74%, while First Trust Institutional Preferred Securities & Income ETF (FPEI) has a volatility of 2.20%. This indicates that AGZD experiences smaller price fluctuations and is considered to be less risky than FPEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.