EIPI vs. AGZD
EIPI (FT Energy Income Partners Enhanced Income ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - EIPI is a Derivative Income fund actively managed by First Trust, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. EIPI is actively managed, while AGZD is passively managed. Over the past year, EIPI returned 19.20% vs 5.50% for AGZD. At a correlation of -0.03, they often move in opposite directions. EIPI charges 1.11%/yr vs 0.23%/yr for AGZD.
Performance
EIPI vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, EIPI achieves a 13.00% return, which is significantly higher than AGZD's 2.35% return.
EIPI
- 1D
- 0.88%
- 1M
- -3.92%
- YTD
- 13.00%
- 6M
- 14.24%
- 1Y
- 19.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
EIPI vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EIPI FT Energy Income Partners Enhanced Income ETF | 13.00% | 12.38% | 13.14% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.35% | 4.35% | 4.39% |
Correlation
The correlation between EIPI and AGZD is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since May 6, 2024 | -0.03 |
The correlation between EIPI and AGZD shifts across timeframes, from -0.16 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EIPI vs. AGZD — Risk / Return Rank
EIPI
AGZD
EIPI vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Enhanced Income ETF (EIPI) 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.
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.
| EIPI | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 7.55 | -3.51 |
| Martin ratioReturn relative to average drawdown | 12.86 | 22.66 | -9.80 |
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Drawdowns
EIPI vs. AGZD - Drawdown Comparison
The maximum EIPI drawdown since its inception was -12.33%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for EIPI and AGZD.
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Drawdown Indicators
| EIPI | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.33% | -8.46% | -3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -0.73% | -4.04% |
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 | -3.94% | -0.49% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -0.77% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 0.24% | +1.26% |
Volatility
EIPI vs. AGZD - Volatility Comparison
FT Energy Income Partners Enhanced Income ETF (EIPI) has a higher volatility of 3.22% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.15%. This indicates that EIPI'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.
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Volatility by Period
| EIPI | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 1.15% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 2.08% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 2.84% | +6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.01% | 3.60% | +9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.01% | 3.72% | +9.29% |
EIPI vs. AGZD - Expense Ratio Comparison
EIPI has a 1.11% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
EIPI vs. AGZD - Dividend Comparison
EIPI's dividend yield for the trailing twelve months is around 6.87%, 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% |
EIPI FT Energy Income Partners Enhanced Income ETF | 6.87% | 9.71% | 6.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EIPI and AGZD have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIPI has higher volatility (3.22%) compared to AGZD (1.15%). In terms of maximum drawdown, EIPI dropped -12.33% vs AGZD's -8.46%.
On 1-year performance, EIPI leads with 19.20% vs 5.50% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EIPI has performed better with a 19.20% return vs 5.50%. 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 1.11% for EIPI.
EIPI has the higher dividend yield at 6.87%, compared with 3.98% for AGZD.
EIPI is categorized as Derivative Income, while AGZD is Nontraditional Bonds. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 1.11% for EIPI and 0.23% for AGZD.
EIPI currently has the higher Sharpe Ratio (2.01 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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