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AGZD vs. QYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AGZD vs. QYLD

Last updated Jun 5, 2026

AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) and QYLD (Global X NASDAQ 100 Covered Call 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 QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. Both are passively managed. Over the past 10 years, AGZD returned 3.21%/yr vs 9.81%/yr for QYLD. At a 0.09 correlation, their price movements are largely independent. AGZD charges 0.23%/yr vs 0.60%/yr for QYLD.

Performance

AGZD vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AGZD achieves a 2.38% return, which is significantly lower than QYLD's 7.88% return. Over the past 10 years, AGZD has underperformed QYLD with an annualized return of 3.21%, while QYLD has yielded a comparatively higher 9.81% annualized return.

AGZD

1D
0.15%
1M
0.56%
YTD
2.38%
6M
2.79%
1Y
5.37%
3Y*
6.14%
5Y*
4.35%
10Y*
3.21%

QYLD

1D
0.00%
1M
1.40%
YTD
7.88%
6M
9.91%
1Y
23.70%
3Y*
13.76%
5Y*
8.43%
10Y*
9.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGZD vs. QYLD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund		2.38%4.35%6.64%7.15%1.17%0.69%0.31%4.65%0.18%2.62%
QYLD
Global X NASDAQ 100 Covered Call ETF		7.88%9.28%19.35%22.77%-19.08%10.41%8.72%22.69%-3.07%18.79%

Correlation

The correlation between AGZD and QYLD is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (10Y)
Calculated over the trailing 10-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2013

0.09

Compare stocks, funds, or ETFs

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WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund

Global X NASDAQ 100 Covered Call ETF

Often compared with AGZD:
AGZD vs. AGZAGZD vs. EMNTAGZD vs. FFRAXAGZD vs. SEIXAGZD vs. VOOAGZD vs. FPEIAGZD vs. BND
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

Return for Risk

AGZD vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGZD
AGZD Risk / Return Rank: 7171
Overall Rank
AGZD Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
AGZD Sortino Ratio Rank: 6060
Sortino Ratio Rank
AGZD Omega Ratio Rank: 6161
Omega Ratio Rank
AGZD Calmar Ratio Rank: 9292
Calmar Ratio Rank
AGZD Martin Ratio Rank: 8989
Martin Ratio Rank
QYLD
QYLD Risk / Return Rank: 8989
Overall Rank
QYLD Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 8787
Sortino Ratio Rank
QYLD Omega Ratio Rank: 9292
Omega Ratio Rank
QYLD Calmar Ratio Rank: 8686
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGZD vs. QYLD - 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

AGZDQYLDDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.78

-0.91

Sortino ratioReturn per unit of downside risk
2.77
3.89

-1.12

Omega ratioGain probability vs. loss probability

1.37

1.63

-0.26

Calmar ratioReturn relative to maximum drawdown

6.22

4.79

+1.43

Martin ratioReturn relative to average drawdown

19.58

28.10

-8.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGZD vs. QYLD - Sharpe Ratio Comparison

The current AGZD Sharpe Ratio is 1.87, which is lower than the QYLD Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of AGZD and QYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AGZDQYLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

2.78

-0.91

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.22

0.58

+0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.87

0.63

+0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.59

+0.06

Drawdowns

AGZD vs. QYLD - Drawdown Comparison

The maximum AGZD drawdown since its inception was -8.46%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for AGZD and QYLD.

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Drawdown Indicators

AGZDQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-8.46%

-24.75%

+16.29%

Max Drawdown (1Y)

Largest decline over 1 year

-0.87%

-4.97%

+4.10%

Max Drawdown (3Y)

Largest decline over 3 years

-1.71%

-19.06%

+17.35%

Max Drawdown (5Y)

Largest decline over 5 years

-2.23%

-24.61%

+22.38%

Max Drawdown (10Y)

Largest decline over 10 years

-8.46%

-24.75%

+16.29%

Current Drawdown

Current decline from peak

-0.24%

-0.06%

-0.18%

Average Drawdown

Average peak-to-trough decline

-0.77%

-3.84%

+3.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.28%

0.85%

-0.57%

Volatility

AGZD vs. QYLD - Volatility Comparison

The current volatility for WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is 1.01%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 1.84%. This indicates that AGZD experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AGZDQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.01%

1.84%

-0.83%

Volatility (6M)

Calculated over the trailing 6-month period

1.97%

7.12%

-5.15%

Volatility (1Y)

Calculated over the trailing 1-year period

2.89%

8.57%

-5.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.59%

14.70%

-11.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.72%

15.49%

-11.77%

AGZD vs. QYLD - Expense Ratio Comparison

AGZD has a 0.23% expense ratio, which is lower than QYLD's 0.60% expense ratio.

Dividends

AGZD vs. QYLD - Dividend Comparison

AGZD's dividend yield for the trailing twelve months is around 3.98%, less than QYLD's 11.46% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.46%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

Frequently Asked Questions

AGZD and QYLD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QYLD has higher volatility (1.84%) compared to AGZD (1.01%). In terms of maximum drawdown, AGZD dropped -8.46% vs QYLD's -24.75%.

On 10-year performance, QYLD leads with 9.81% vs 3.21% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QYLD has performed better with a 9.81% return vs 3.21%. 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 0.60% for QYLD.

QYLD has the higher dividend yield at 11.46%, compared with 3.98% for AGZD.

AGZD is categorized as Nontraditional Bonds, while QYLD is Nasdaq-100. AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration, while QYLD tracks CBOE NASDAQ-100 Buy Write V2. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.23% for AGZD and 0.60% for QYLD.

QYLD currently has the higher Sharpe Ratio (2.78 vs 1.87), 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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