EMNT vs. AGZD
Compare and contrast key facts about PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD).
EMNT and AGZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMNT is an actively managed fund by PIMCO. It was launched on Dec 10, 2019. AGZD is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. It was launched on Dec 18, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMNT or AGZD.
Performance
EMNT vs. AGZD - Performance Comparison
Returns By Period
In the year-to-date period, EMNT achieves a 5.16% return, which is significantly lower than AGZD's 6.19% return.
EMNT
5.16%
0.30%
2.78%
6.03%
N/A
N/A
AGZD
6.19%
1.14%
3.30%
7.84%
3.21%
2.56%
Key characteristics
| EMNT | AGZD | |
|---|---|---|
| Sharpe Ratio | 5.03 | 2.01 |
| Sortino Ratio | 7.80 | 3.14 |
| Omega Ratio | 4.52 | 1.37 |
| Calmar Ratio | 8.29 | 10.22 |
| Martin Ratio | 124.81 | 30.92 |
| Ulcer Index | 0.05% | 0.25% |
| Daily Std Dev | 1.20% | 3.89% |
| Max Drawdown | -2.28% | -8.45% |
| Current Drawdown | 0.00% | 0.00% |
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EMNT vs. AGZD - Expense Ratio Comparison
EMNT has a 0.27% expense ratio, which is higher than AGZD's 0.23% 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%.
Correlation
The correlation between EMNT and AGZD is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
EMNT vs. AGZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) 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.
Dividends
EMNT vs. AGZD - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 5.17%, less than AGZD's 6.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund | 5.17% | 4.62% | 2.79% | 0.83% | 1.44% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 6.24% | 6.07% | 8.61% | 1.66% | 2.29% | 2.83% | 2.62% | 2.35% | 1.95% | 2.37% | 1.69% | 0.05% |
Drawdowns
EMNT vs. AGZD - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum AGZD drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for EMNT and AGZD. For additional features, visit the drawdowns tool.
Volatility
EMNT vs. AGZD - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ESG Exchange-Traded Fund (EMNT) is 0.20%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 0.95%. This indicates that EMNT experiences smaller price fluctuations and is considered to be less risky than AGZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.