EMNT vs. AGZD
EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - EMNT is a Ultrashort Bond fund actively managed by PIMCO, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. EMNT is actively managed, while AGZD is passively managed. Over the past 5 years, EMNT returned 3.45%/yr vs 4.39%/yr for AGZD. At a correlation of -0.05, they often move in opposite directions. EMNT charges 0.24%/yr vs 0.23%/yr for AGZD.
Performance
EMNT vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, EMNT achieves a 1.74% return, which is significantly lower than AGZD's 2.33% return.
EMNT
- 1D
- 0.04%
- 1M
- 0.28%
- YTD
- 1.74%
- 6M
- 1.98%
- 1Y
- 4.37%
- 3Y*
- 5.23%
- 5Y*
- 3.45%
- 10Y*
- —
AGZD
- 1D
- -0.04%
- 1M
- 0.60%
- YTD
- 2.33%
- 6M
- 2.52%
- 1Y
- 4.86%
- 3Y*
- 5.97%
- 5Y*
- 4.39%
- 10Y*
- 3.21%
EMNT vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 1.74% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.06% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.33% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 0.22% |
Correlation
The correlation between EMNT and AGZD is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2019 | -0.05 |
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Return for Risk
EMNT vs. AGZD — Risk / Return Rank
EMNT
AGZD
EMNT vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (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.
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.
| EMNT | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.89 | ||
| Sortino ratioReturn per unit of downside risk | +18.44 | ||
| Omega ratioGain probability vs. loss probability | 5.50 | 1.33 | +4.17 |
| Calmar ratioReturn relative to maximum drawdown | 33.41 | 6.67 | +26.74 |
| Martin ratioReturn relative to average drawdown | 233.91 | 20.67 | +213.24 |
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Drawdowns
EMNT vs. AGZD - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum AGZD drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for EMNT and AGZD.
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Drawdown Indicators
| EMNT | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -8.46% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -0.73% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -1.71% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -1.70% | -2.23% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.51% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -0.77% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.28% | -0.26% |
Volatility
EMNT vs. AGZD - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) is 0.12%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.17%. 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.
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Volatility by Period
| EMNT | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 1.17% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 2.06% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 2.95% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 3.60% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 3.72% | -2.86% |
EMNT vs. AGZD - Expense Ratio Comparison
EMNT has a 0.24% 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%.
Dividends
EMNT vs. AGZD - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 4.00%, which matches 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% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.00% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNT and AGZD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.17%) compared to EMNT (0.12%). In terms of maximum drawdown, EMNT dropped -2.28% vs AGZD's -8.46%.
On 5-year performance, AGZD leads with 4.39% vs 3.45% for EMNT. On fees, AGZD is cheaper at 0.23% per year. On volatility, EMNT has been the lower-risk option at 0.12%. 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 4.39% return vs 3.45%. 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 0.24% for EMNT.
EMNT has the higher dividend yield at 4.00%, compared with 3.98% for AGZD.
EMNT is categorized as Ultrashort Bond, while AGZD is Nontraditional Bonds. They also come from different issuers: PIMCO and WisdomTree. Their fees differ too: 0.24% for EMNT and 0.23% for AGZD.
EMNT currently has the higher Sharpe Ratio (10.59 vs 1.70), 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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