BEL.NS vs. AGZD

Last updated Jun 9, 2026

BEL.NS (Bharat Electronics Limited) is a stock, while AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) is Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. Over the past 10 years, BEL.NS returned 42.37%/yr vs 6.91%/yr for AGZD. At a correlation of -0.10, they often move in opposite directions.

Performance

BEL.NS vs. AGZD - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bharat Electronics Limited (BEL.NS) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BEL.NS is traded in INR, while AGZD is traded in USD. To make them comparable, the AGZD values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, BEL.NS achieves a 3.55% return, which is significantly lower than AGZD's 9.16% return. Over the past 10 years, BEL.NS has outperformed AGZD with an annualized return of 42.37%, while AGZD has yielded a comparatively lower 6.91% annualized return.

BEL.NS

• 1D: -0.22%
• 1M: -6.29%
• YTD: 3.55%
• 6M: 7.09%
• 1Y: 6.16%
• 3Y*: 52.07%
• 5Y*: 55.73%
• 10Y*: 42.37%

AGZD

• 1D: 0.42%
• 1M: 1.79%
• YTD: 9.16%
• 6M: 9.12%
• 1Y: 17.98%
• 3Y*: 11.54%
• 5Y*: 10.15%
• 10Y*: 6.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEL.NS vs. AGZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEL.NS Bharat Electronics Limited	3.55%	37.39%	60.76%	87.62%	51.76%	90.05%	31.14%	33.04%	-49.68%	77.96%
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund	9.16%	9.34%	9.87%	7.90%	12.04%	2.69%	2.84%	7.30%	9.25%	-3.75%

Correlation

The correlation between BEL.NS and AGZD is -0.09, 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	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.07
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (10Y) Calculated over the trailing 10-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013	-0.10

Return for Risk

BEL.NS vs. AGZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEL.NS

BEL.NS Risk / Return Rank: 48
BEL.NS Sharpe Ratio Rank: 50
BEL.NS Sortino Ratio Rank: 44
BEL.NS Omega Ratio Rank: 43
BEL.NS Calmar Ratio Rank: 52
BEL.NS Martin Ratio Rank: 52

AGZD

AGZD Risk / Return Rank: 79
AGZD Sharpe Ratio Rank: 65
AGZD Sortino Ratio Rank: 72
AGZD Omega Ratio Rank: 72
AGZD Calmar Ratio Rank: 94
AGZD Martin Ratio Rank: 92

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.

BEL.NS vs. AGZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bharat Electronics Limited (BEL.NS) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). 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.

	BEL.NS	AGZD	Difference
Sharpe ratio: Return per unit of total volatility	0.22	3.32	-3.10
Sortino ratio: Return per unit of downside risk	0.53	4.92	-4.39
Omega ratio: Gain probability vs. loss probability	1.06	1.63	-0.57
Calmar ratio: Return relative to maximum drawdown	0.37	8.73	-8.36
Martin ratio: Return relative to average drawdown	0.78	24.31	-23.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEL.NS vs. AGZD - Sharpe Ratio Comparison

The current BEL.NS Sharpe Ratio is 0.22, which is lower than the AGZD Sharpe Ratio of 3.32. The chart below compares the historical Sharpe Ratios of BEL.NS and AGZD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BEL.NS	AGZD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	3.32	-3.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.78	1.85	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.06	1.08	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.91	-0.64

Drawdowns

BEL.NS vs. AGZD - Drawdown Comparison

The maximum BEL.NS drawdown since its inception was -65.63%, which is greater than AGZD's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for BEL.NS and AGZD.

Drawdown Indicators

	BEL.NS	AGZD	Difference
Max Drawdown Largest peak-to-trough decline	-65.63%	-7.62%	-58.01%
Max Drawdown (1Y) Largest decline over 1 year	-15.63%	-2.07%	-13.56%
Max Drawdown (3Y) Largest decline over 3 years	-26.90%	-4.58%	-22.32%
Max Drawdown (5Y) Largest decline over 5 years	-26.90%	-4.58%	-22.32%
Max Drawdown (10Y) Largest decline over 10 years	-60.39%	-7.44%	-52.95%
Current Drawdown Current decline from peak	-12.04%	-0.58%	-11.46%
Average Drawdown Average peak-to-trough decline	-13.45%	-1.87%	-11.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.35%	0.74%	+6.61%

Volatility

BEL.NS vs. AGZD - Volatility Comparison

Bharat Electronics Limited (BEL.NS) has a higher volatility of 6.71% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.87%. This indicates that BEL.NS's price experiences larger fluctuations and is considered to be riskier than AGZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BEL.NS	AGZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	1.87%	+4.84%
Volatility (6M) Calculated over the trailing 6-month period	20.59%	4.24%	+16.35%
Volatility (1Y) Calculated over the trailing 1-year period	26.22%	5.45%	+20.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.05%	5.51%	+26.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.07%	6.44%	+34.63%

Dividends

BEL.NS vs. AGZD - Dividend Comparison

BEL.NS's dividend yield for the trailing twelve months is around 0.69%, less than AGZD's 3.98% 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%
BEL.NS Bharat Electronics Limited	0.69%	0.60%	0.75%	0.98%	4.50%	5.72%	7.00%	14.39%	6.82%	7.41%	40.80%	70.28%

Frequently Asked Questions

Can I hold both BEL.NS and AGZD in my portfolio?

BEL.NS and AGZD have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.