AGZD vs. MBSD
AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) and MBSD (FlexShares Disciplined Duration MBS Index Fund) are both exchange-traded funds - AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration, while MBSD is a Mortgage Backed Securities fund tracking the ICE BofA Constrained Duration US Mortgage Backed Securities. Both are passively managed. Over the past 10 years, AGZD returned 3.22%/yr vs 1.43%/yr for MBSD. At a correlation of -0.07, they often move in opposite directions. AGZD charges 0.23%/yr vs 0.20%/yr for MBSD.
Performance
AGZD vs. MBSD - Performance Comparison
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Returns By Period
In the year-to-date period, AGZD achieves a 2.24% return, which is significantly higher than MBSD's 1.04% return. Over the past 10 years, AGZD has outperformed MBSD with an annualized return of 3.22%, while MBSD has yielded a comparatively lower 1.43% annualized return.
AGZD
- 1D
- -0.02%
- 1M
- -0.37%
- YTD
- 2.24%
- 6M
- 2.20%
- 1Y
- 5.40%
- 3Y*
- 5.76%
- 5Y*
- 4.31%
- 10Y*
- 3.22%
MBSD
- 1D
- 0.12%
- 1M
- 0.65%
- YTD
- 1.04%
- 6M
- 0.96%
- 1Y
- 4.67%
- 3Y*
- 4.35%
- 5Y*
- 0.77%
- 10Y*
- 1.43%
AGZD vs. MBSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.24% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 4.65% | 0.18% | 2.62% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 1.04% | 7.12% | 2.30% | 4.46% | -9.49% | -1.40% | 5.43% | 6.05% | 0.32% | 0.86% |
Correlation
The correlation between AGZD and MBSD is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2014 | -0.07 |
The correlation between AGZD and MBSD shifts across timeframes, from -0.12 (5 years) to 0.01 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGZD vs. MBSD — Risk / Return Rank
AGZD
MBSD
AGZD vs. MBSD - 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 FlexShares Disciplined Duration MBS Index Fund (MBSD). 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 | MBSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 7.41 | 2.15 | +5.25 |
| Martin ratioReturn relative to average drawdown | 21.64 | 6.43 | +15.21 |
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Drawdowns
AGZD vs. MBSD - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.46%, smaller than the maximum MBSD drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for AGZD and MBSD.
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Drawdown Indicators
| AGZD | MBSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -14.36% | +5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -2.17% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -1.71% | -4.68% | +2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -2.23% | -14.10% | +11.87% |
Max Drawdown (10Y)Largest decline over 10 years | -8.46% | -14.36% | +5.90% |
Current DrawdownCurrent decline from peak | -0.60% | -0.59% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -2.80% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.73% | -0.48% |
Volatility
AGZD vs. MBSD - Volatility Comparison
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and FlexShares Disciplined Duration MBS Index Fund (MBSD) have volatilities of 1.04% and 1.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZD | MBSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.00% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 2.53% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 3.48% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 5.17% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 4.27% | -0.55% |
AGZD vs. MBSD - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is higher than MBSD'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. MBSD - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 4.00%, less than MBSD's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 4.00% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.17% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
Frequently Asked Questions
AGZD and MBSD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.04%) compared to MBSD (1.00%). In terms of maximum drawdown, AGZD dropped -8.46% vs MBSD's -14.36%.
On 10-year performance, AGZD leads with 3.22% vs 1.43% for MBSD. On fees, MBSD is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AGZD has performed better with a 3.22% return vs 1.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBSD is cheaper with a 0.20% expense ratio, compared with 0.23% for AGZD.
MBSD has the higher dividend yield at 4.17%, compared with 4.00% for AGZD.
AGZD is categorized as Nontraditional Bonds, while MBSD is Mortgage Backed Securities. AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration, while MBSD tracks ICE BofA Constrained Duration US Mortgage Backed Securities. They also come from different issuers: WisdomTree and Northern Trust. Their fees differ too: 0.23% for AGZD and 0.20% for MBSD.
AGZD currently has the higher Sharpe Ratio (1.92 vs 1.35), 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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