AGZD vs. JBBB
AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) and JBBB (Janus Henderson B-BBB 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 JBBB is a CLO fund actively managed by Janus Henderson. AGZD is passively managed, while JBBB is actively managed. Over the past 3 years, AGZD returned 5.63%/yr vs 8.16%/yr for JBBB. At a 0.07 correlation, their price movements are largely independent. AGZD charges 0.23%/yr vs 0.49%/yr for JBBB.
Performance
AGZD vs. JBBB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AGZD having a 2.56% return and JBBB slightly higher at 2.60%.
AGZD
- 1D
- -0.01%
- 1M
- 0.22%
- 6M
- 2.33%
- YTD
- 2.56%
- 1Y
- 5.37%
- 3Y*
- 5.63%
- 5Y*
- 4.41%
- 10Y*
- 3.20%
- ALL TIME*
- 2.51%
JBBB
- 1D
- 0.13%
- 1M
- 0.70%
- 6M
- 1.78%
- YTD
- 2.60%
- 1Y
- 5.05%
- 3Y*
- 8.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.90%
AGZD vs. JBBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.56% | 4.35% | 6.64% | 7.15% | 1.23% |
JBBB Janus Henderson B-BBB CLO ETF | 2.60% | 4.40% | 10.72% | 16.91% | -6.51% |
Correlation
The correlation between AGZD and JBBB is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022 | 0.07 |
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Return for Risk
AGZD vs. JBBB — Risk / Return Rank
AGZD
JBBB
AGZD vs. JBBB - 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 B-BBB CLO ETF (JBBB). 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 | JBBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 7.37 | 2.06 | +5.31 |
| Martin ratioReturn relative to average drawdown | 21.13 | 6.89 | +14.24 |
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Drawdowns
AGZD vs. JBBB - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.46%, smaller than the maximum JBBB drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for AGZD and JBBB.
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Drawdown Indicators
| AGZD | JBBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -10.79% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -2.46% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -1.71% | -4.35% | +2.64% |
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 | -0.29% | -0.04% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -1.67% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.73% | -0.48% |
Volatility
AGZD vs. JBBB - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is 0.43%, while Janus Henderson B-BBB CLO ETF (JBBB) has a volatility of 0.88%. This indicates that AGZD experiences smaller price fluctuations and is considered to be less risky than JBBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZD | JBBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.88% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 3.06% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 3.48% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 5.18% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.69% | 5.18% | -1.49% |
AGZD vs. JBBB - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is lower than JBBB's 0.49% expense ratio.
Dividends
AGZD vs. JBBB - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 3.99%, less than JBBB's 6.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.99% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
JBBB Janus Henderson B-BBB CLO ETF | 6.46% | 7.41% | 7.65% | 8.10% | 5.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGZD and JBBB have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JBBB has higher volatility (0.88%) compared to AGZD (0.43%). In terms of maximum drawdown, AGZD dropped -8.46% vs JBBB's -10.79%.
On 3-year performance, JBBB leads with 8.16% vs 5.63% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JBBB has performed better with a 8.16% return vs 5.63%. 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 0.49% for JBBB.
JBBB has the higher dividend yield at 6.46%, compared with 3.99% for AGZD.
AGZD is categorized as Nontraditional Bonds, while JBBB is CLO. They also come from different issuers: WisdomTree and Janus Henderson. Their fees differ too: 0.23% for AGZD and 0.49% for JBBB.
AGZD currently has the higher Sharpe Ratio (2.01 vs 1.46), 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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