AGZD vs. OMFL
Compare and contrast key facts about WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL).
AGZD and OMFL 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. OMFL is a passively managed fund by Invesco that tracks the performance of the Russell 1000 OFI Dynamic Multifactor Index. It was launched on Nov 8, 2017. Both AGZD and OMFL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGZD or OMFL.
Performance
AGZD vs. OMFL - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with AGZD having a 6.19% return and OMFL slightly higher at 6.35%.
AGZD
6.19%
1.14%
3.30%
7.84%
3.21%
2.56%
OMFL
6.35%
0.33%
0.07%
15.69%
12.67%
N/A
Key characteristics
| AGZD | OMFL | |
|---|---|---|
| Sharpe Ratio | 2.01 | 1.16 |
| Sortino Ratio | 3.14 | 1.63 |
| Omega Ratio | 1.37 | 1.21 |
| Calmar Ratio | 10.22 | 1.23 |
| Martin Ratio | 30.92 | 3.65 |
| Ulcer Index | 0.25% | 4.51% |
| Daily Std Dev | 3.89% | 14.17% |
| Max Drawdown | -8.45% | -33.24% |
| Current Drawdown | 0.00% | -2.63% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AGZD vs. OMFL - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is lower than OMFL's 0.29% expense ratio.
Correlation
The correlation between AGZD and OMFL is 0.13, 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.
Risk-Adjusted Performance
AGZD vs. OMFL - 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 Invesco Russell 1000 Dynamic Multifactor ETF (OMFL). 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. OMFL - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 6.24%, more than OMFL's 1.30% 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% | 2.29% | 2.83% | 2.62% | 2.35% | 1.95% | 2.37% | 1.69% | 0.05% |
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.30% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AGZD vs. OMFL - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.45%, smaller than the maximum OMFL drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for AGZD and OMFL. For additional features, visit the drawdowns tool.
Volatility
AGZD vs. OMFL - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is 0.93%, while Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has a volatility of 4.28%. This indicates that AGZD experiences smaller price fluctuations and is considered to be less risky than OMFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.