AGZD vs. PUSH
AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) and PUSH (PGIM Ultra Short Municipal Bond 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 PUSH is a Municipal Bonds fund actively managed by PGIM. AGZD is passively managed, while PUSH is actively managed. Over the past year, AGZD returned 5.50% vs 3.68% for PUSH. At a correlation of -0.08, they often move in opposite directions. AGZD charges 0.23%/yr vs 0.15%/yr for PUSH.
Performance
AGZD vs. PUSH - Performance Comparison
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Returns By Period
In the year-to-date period, AGZD achieves a 2.35% return, which is significantly higher than PUSH's 1.42% return.
AGZD
- 1D
- 0.02%
- 1M
- 0.18%
- YTD
- 2.35%
- 6M
- 2.55%
- 1Y
- 5.50%
- 3Y*
- 5.81%
- 5Y*
- 4.33%
- 10Y*
- 3.27%
PUSH
- 1D
- 0.04%
- 1M
- 0.47%
- YTD
- 1.42%
- 6M
- 1.51%
- 1Y
- 3.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGZD vs. PUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.35% | 4.35% | 3.08% |
PUSH PGIM Ultra Short Municipal Bond ETF | 1.42% | 4.16% | 1.74% |
Correlation
The correlation between AGZD and PUSH is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024 | -0.08 |
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Return for Risk
AGZD vs. PUSH — Risk / Return Rank
AGZD
PUSH
AGZD vs. PUSH - 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 PGIM Ultra Short Municipal Bond ETF (PUSH). 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 | PUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.67 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 7.55 | 7.36 | +0.18 |
| Martin ratioReturn relative to average drawdown | 22.66 | 18.28 | +4.39 |
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Drawdowns
AGZD vs. PUSH - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.46%, which is greater than PUSH's maximum drawdown of -0.85%. Use the drawdown chart below to compare losses from any high point for AGZD and PUSH.
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Drawdown Indicators
| AGZD | PUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -0.85% | -7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -0.50% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -1.71% | — | — |
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 | -0.49% | -0.01% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -0.10% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.20% | +0.04% |
Volatility
AGZD vs. PUSH - Volatility Comparison
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a higher volatility of 1.15% compared to PGIM Ultra Short Municipal Bond ETF (PUSH) at 0.27%. This indicates that AGZD's price experiences larger fluctuations and is considered to be riskier than PUSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZD | PUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.27% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 0.99% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 1.53% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 1.29% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 1.29% | +2.43% |
AGZD vs. PUSH - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is higher than PUSH's 0.15% 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. PUSH - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 3.98%, more than PUSH's 3.23% 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% |
PUSH PGIM Ultra Short Municipal Bond ETF | 3.23% | 3.45% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGZD and PUSH have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.15%) compared to PUSH (0.27%). In terms of maximum drawdown, AGZD dropped -8.46% vs PUSH's -0.85%.
On 1-year performance, AGZD leads with 5.50% vs 3.68% for PUSH. On fees, PUSH is cheaper at 0.15% per year. On volatility, PUSH has been the lower-risk option at 0.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AGZD has performed better with a 5.50% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PUSH is cheaper with a 0.15% expense ratio, compared with 0.23% for AGZD.
AGZD has the higher dividend yield at 3.98%, compared with 3.23% for PUSH.
AGZD is categorized as Nontraditional Bonds, while PUSH is Municipal Bonds. They also come from different issuers: WisdomTree and PGIM. Their fees differ too: 0.23% for AGZD and 0.15% for PUSH.
PUSH currently has the higher Sharpe Ratio (2.42 vs 1.95), 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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