AGZD vs. JAAA
AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) and JAAA (Janus Henderson AAA CLO 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 JAAA is a CLO fund actively managed by Janus Henderson. AGZD is passively managed, while JAAA is actively managed. Over the past 5 years, AGZD returned 4.39%/yr vs 4.80%/yr for JAAA. At a 0.04 correlation, their price movements are largely independent. AGZD charges 0.23%/yr vs 0.20%/yr for JAAA.
Performance
AGZD vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, AGZD achieves a 2.47% return, which is significantly higher than JAAA's 1.95% return.
AGZD
- 1D
- -0.38%
- 1M
- 0.49%
- YTD
- 2.47%
- 6M
- 2.73%
- 1Y
- 5.70%
- 3Y*
- 6.10%
- 5Y*
- 4.39%
- 10Y*
- 3.19%
JAAA
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 1.95%
- 6M
- 2.57%
- 1Y
- 5.12%
- 3Y*
- 6.67%
- 5Y*
- 4.80%
- 10Y*
- —
AGZD vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.47% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.83% |
JAAA Janus Henderson AAA CLO ETF | 1.95% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.79% |
Correlation
The correlation between AGZD and JAAA is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2020 | 0.04 |
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Return for Risk
AGZD vs. JAAA — Risk / Return Rank
AGZD
JAAA
AGZD vs. JAAA - 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 Janus Henderson AAA CLO ETF (JAAA). 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 | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.20 | ||
| Sortino ratioReturn per unit of downside risk | -7.41 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 2.77 | -1.38 |
| Calmar ratioReturn relative to maximum drawdown | 6.60 | 13.24 | -6.63 |
| Martin ratioReturn relative to average drawdown | 20.71 | 71.21 | -50.51 |
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 | JAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 6.15 | -4.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 2.88 | -1.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 2.78 | -2.13 |
Drawdowns
AGZD vs. JAAA - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.46%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for AGZD and JAAA.
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Drawdown Indicators
| AGZD | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -2.64% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.39% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -1.71% | -1.46% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -2.23% | -2.64% | +0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -8.46% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | 0.00% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -0.25% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.07% | +0.21% |
Volatility
AGZD vs. JAAA - Volatility Comparison
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a higher volatility of 1.18% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.13%. This indicates that AGZD's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZD | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.13% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 0.64% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 0.84% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 1.68% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 1.64% | +2.08% |
AGZD vs. JAAA - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is higher than JAAA's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AGZD vs. JAAA - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 3.98%, less than JAAA's 4.99% 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% |
JAAA Janus Henderson AAA CLO ETF | 4.99% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGZD and JAAA have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.18%) compared to JAAA (0.13%). In terms of maximum drawdown, AGZD dropped -8.46% vs JAAA's -2.64%.
On 5-year performance, JAAA leads with 4.80% vs 4.39% for AGZD. On fees, JAAA is cheaper at 0.20% per year. On volatility, JAAA has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JAAA has performed better with a 4.80% return vs 4.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JAAA is cheaper with a 0.20% expense ratio, compared with 0.23% for AGZD.
JAAA has the higher dividend yield at 4.99%, compared with 3.98% for AGZD.
AGZD is categorized as Nontraditional Bonds, while JAAA is CLO. They also come from different issuers: WisdomTree and Janus Henderson. Their fees differ too: 0.23% for AGZD and 0.20% for JAAA.
JAAA currently has the higher Sharpe Ratio (6.15 vs 1.94), 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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