BGRN vs. AGZD
BGRN (iShares USD Green Bond ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - BGRN is a Global Bonds fund tracking the Bloomberg MSCI USD Green Bond Select Index, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. Both are passively managed. Over the past 5 years, BGRN returned 0.56%/yr vs 4.35%/yr for AGZD. At a correlation of -0.12, they often move in opposite directions. BGRN charges 0.20%/yr vs 0.23%/yr for AGZD.
Performance
BGRN vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, BGRN achieves a 0.56% return, which is significantly lower than AGZD's 2.38% return.
BGRN
- 1D
- 0.13%
- 1M
- 0.28%
- YTD
- 0.56%
- 6M
- 0.69%
- 1Y
- 4.85%
- 3Y*
- 4.82%
- 5Y*
- 0.56%
- 10Y*
- —
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%
BGRN vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 0.56% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 6.86% | 9.70% | 1.14% |
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% | -0.19% |
Correlation
The correlation between BGRN and AGZD is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2018 | -0.12 |
The correlation between BGRN and AGZD shifts across timeframes, from -0.15 (5 years) to 0.05 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BGRN vs. AGZD — Risk / Return Rank
BGRN
AGZD
BGRN vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Green Bond ETF (BGRN) 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.
| BGRN | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 6.22 | -4.03 |
| Martin ratioReturn relative to average drawdown | 7.33 | 19.58 | -12.25 |
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
| BGRN | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.87 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 1.22 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.65 | -0.19 |
Drawdowns
BGRN vs. AGZD - Drawdown Comparison
The maximum BGRN drawdown since its inception was -19.16%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for BGRN and AGZD.
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Drawdown Indicators
| BGRN | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -8.46% | -10.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.23% | -0.87% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -1.71% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -2.23% | -16.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.24% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -0.77% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.28% | +0.38% |
Volatility
BGRN vs. AGZD - Volatility Comparison
iShares USD Green Bond ETF (BGRN) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) have volatilities of 1.05% and 1.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRN | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.01% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 1.97% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 2.89% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 3.59% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 3.72% | +1.28% |
BGRN vs. AGZD - Expense Ratio Comparison
BGRN has a 0.20% expense ratio, which is lower than AGZD's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BGRN vs. AGZD - Dividend Comparison
BGRN's dividend yield for the trailing twelve months is around 4.28%, more 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% |
BGRN iShares USD Green Bond ETF | 4.28% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGRN and AGZD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRN has higher volatility (1.05%) compared to AGZD (1.01%). In terms of maximum drawdown, BGRN dropped -19.16% vs AGZD's -8.46%.
On 5-year performance, AGZD leads with 4.35% vs 0.56% for BGRN. On fees, BGRN is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AGZD has performed better with a 4.35% return vs 0.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BGRN is cheaper with a 0.20% expense ratio, compared with 0.23% for AGZD.
BGRN has the higher dividend yield at 4.28%, compared with 3.98% for AGZD.
BGRN is categorized as Global Bonds, while AGZD is Nontraditional Bonds. BGRN tracks Bloomberg MSCI USD Green Bond Select Index, while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for BGRN and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.87 vs 1.66), 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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