AGZD vs. VBIPX
AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) and VBIPX (Vanguard Short-Term Bond Index Fund Institutional Plus) are both funds - AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration, while VBIPX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, AGZD returned 3.21%/yr vs 1.89%/yr for VBIPX. At a correlation of -0.14, they often move in opposite directions. AGZD charges 0.23%/yr vs 0.04%/yr for VBIPX.
Performance
AGZD vs. VBIPX - Performance Comparison
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Returns By Period
In the year-to-date period, AGZD achieves a 2.38% return, which is significantly higher than VBIPX's 0.22% return. Over the past 10 years, AGZD has outperformed VBIPX with an annualized return of 3.21%, while VBIPX has yielded a comparatively lower 1.89% 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%
VBIPX
- 1D
- -0.10%
- 1M
- -0.04%
- YTD
- 0.22%
- 6M
- 0.56%
- 1Y
- 3.46%
- 3Y*
- 4.33%
- 5Y*
- 1.51%
- 10Y*
- 1.89%
AGZD vs. VBIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.38% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 4.65% | 0.18% | 2.62% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 0.22% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 4.73% | 4.89% | 1.38% | 1.21% |
Correlation
The correlation between AGZD and VBIPX 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 | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | -0.14 |
The correlation between AGZD and VBIPX shifts across timeframes, from -0.19 (5 years) to 0.01 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGZD vs. VBIPX — Risk / Return Rank
AGZD
VBIPX
AGZD vs. VBIPX - 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 Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX). 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.
| AGZD | VBIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 2.39 | +3.83 |
| Martin ratioReturn relative to average drawdown | 19.58 | 7.79 | +11.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGZD | VBIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.63 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.51 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.79 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.79 | -0.14 |
Drawdowns
AGZD vs. VBIPX - Drawdown Comparison
The maximum AGZD drawdown since its inception was -8.46%, roughly equal to the maximum VBIPX drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for AGZD and VBIPX.
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Drawdown Indicators
| AGZD | VBIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.46% | -8.72% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -1.54% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -1.71% | -1.54% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -2.23% | -8.69% | +6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -8.46% | -8.72% | +0.26% |
Current DrawdownCurrent decline from peak | -0.24% | -0.72% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -1.19% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.47% | -0.19% |
Volatility
AGZD vs. VBIPX - Volatility Comparison
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a higher volatility of 1.01% compared to Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) at 0.68%. This indicates that AGZD's price experiences larger fluctuations and is considered to be riskier than VBIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGZD | VBIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.68% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 1.60% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.89% | 2.26% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 2.96% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 2.40% | +1.32% |
AGZD vs. VBIPX - Expense Ratio Comparison
AGZD has a 0.23% expense ratio, which is higher than VBIPX's 0.04% 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. VBIPX - Dividend Comparison
AGZD's dividend yield for the trailing twelve months is around 3.98%, less than VBIPX's 4.03% 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% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 4.03% | 3.86% | 3.40% | 2.01% | 1.40% | 1.26% | 1.82% | 2.27% | 2.04% | 1.69% | 1.53% | 1.46% |
Frequently Asked Questions
AGZD and VBIPX 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 (1.01%) compared to VBIPX (0.68%). In terms of maximum drawdown, AGZD dropped -8.46% vs VBIPX's -8.72%.
AGZD currently has the higher Sharpe Ratio (1.87 vs 1.63), 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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