EMLP vs. AGZD
EMLP (First Trust North American Energy Infrastructure Fund) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - EMLP is a MLPs 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. EMLP is actively managed, while AGZD is passively managed. Over the past 10 years, EMLP returned 10.24%/yr vs 3.15%/yr for AGZD. At a 0.06 correlation, their price movements are largely independent. EMLP charges 0.96%/yr vs 0.23%/yr for AGZD.
Performance
EMLP vs. AGZD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMLP achieves a 14.62% return, which is significantly higher than AGZD's 2.22% return. Over the past 10 years, EMLP has outperformed AGZD with an annualized return of 10.24%, while AGZD has yielded a comparatively lower 3.15% annualized return.
EMLP
- 1D
- -0.07%
- 1M
- -3.08%
- YTD
- 14.62%
- 6M
- 13.20%
- 1Y
- 18.77%
- 3Y*
- 21.22%
- 5Y*
- 15.47%
- 10Y*
- 10.24%
AGZD
- 1D
- -0.18%
- 1M
- 0.67%
- YTD
- 2.22%
- 6M
- 2.64%
- 1Y
- 5.26%
- 3Y*
- 6.02%
- 5Y*
- 4.32%
- 10Y*
- 3.15%
EMLP vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 14.62% | 9.67% | 33.39% | 8.05% | 10.39% | 23.20% | -13.36% | 23.40% | -8.70% | 1.07% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.22% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 4.65% | 0.18% | 2.62% |
Correlation
The correlation between EMLP 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 (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
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 | 0.06 |
The correlation between EMLP and AGZD shifts across timeframes, from -0.16 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMLP vs. AGZD — Risk / Return Rank
EMLP
AGZD
EMLP vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust North American Energy Infrastructure Fund (EMLP) 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.
| EMLP | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 6.09 | -2.28 |
| Martin ratioReturn relative to average drawdown | 12.42 | 19.08 | -6.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMLP | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.83 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 1.21 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.85 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.64 | -0.08 |
Drawdowns
EMLP vs. AGZD - Drawdown Comparison
The maximum EMLP drawdown since its inception was -43.61%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for EMLP and AGZD.
Loading charts...
Drawdown Indicators
| EMLP | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -8.46% | -35.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -0.87% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -1.71% | -9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -2.23% | -12.36% |
Max Drawdown (10Y)Largest decline over 10 years | -43.61% | -8.46% | -35.15% |
Current DrawdownCurrent decline from peak | -3.62% | -0.39% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -0.77% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.28% | +1.24% |
Volatility
EMLP vs. AGZD - Volatility Comparison
First Trust North American Energy Infrastructure Fund (EMLP) has a higher volatility of 4.10% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.03%. This indicates that EMLP'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.
Loading charts...
Volatility by Period
| EMLP | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 1.03% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 1.99% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 2.89% | +7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 3.59% | +10.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 3.72% | +13.97% |
EMLP vs. AGZD - Expense Ratio Comparison
EMLP has a 0.96% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
EMLP vs. AGZD - Dividend Comparison
EMLP's dividend yield for the trailing twelve months is around 2.79%, less than AGZD's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.99% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
EMLP First Trust North American Energy Infrastructure Fund | 2.79% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
Frequently Asked Questions
EMLP 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.
EMLP has higher volatility (4.10%) compared to AGZD (1.03%). In terms of maximum drawdown, EMLP dropped -43.61% vs AGZD's -8.46%.
On 10-year performance, EMLP leads with 10.24% vs 3.15% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EMLP has performed better with a 10.24% return vs 3.15%. 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 0.96% for EMLP.
AGZD has the higher dividend yield at 3.99%, compared with 2.79% for EMLP.
EMLP is categorized as MLPs, while AGZD is Nontraditional Bonds. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.96% for EMLP and 0.23% for AGZD.
EMLP currently has the higher Sharpe Ratio (1.89 vs 1.83), 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.
Find the right allocation for EMLP and AGZD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer