FDV vs. AGZD
FDV (Federated Hermes U.S. Strategic Dividend ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - FDV is a Large Cap Value Equities fund actively managed by Federated, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. FDV is actively managed, while AGZD is passively managed. Over the past 3 years, FDV returned 14.78%/yr vs 6.02%/yr for AGZD. At a 0.02 correlation, their price movements are largely independent. FDV charges 0.50%/yr vs 0.23%/yr for AGZD.
Performance
FDV vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, FDV achieves a 11.72% return, which is significantly higher than AGZD's 2.22% return.
FDV
- 1D
- 0.00%
- 1M
- 1.90%
- YTD
- 11.72%
- 6M
- 11.46%
- 1Y
- 19.71%
- 3Y*
- 14.78%
- 5Y*
- —
- 10Y*
- —
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%
FDV vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDV Federated Hermes U.S. Strategic Dividend ETF | 11.72% | 11.01% | 14.41% | -2.16% | 1.92% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.22% | 4.35% | 6.64% | 7.15% | 1.17% |
Correlation
The correlation between FDV and AGZD is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.02 |
The correlation between FDV and AGZD shifts across timeframes, from -0.11 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDV vs. AGZD — Risk / Return Rank
FDV
AGZD
FDV vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. Strategic Dividend ETF (FDV) 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.
| FDV | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 6.09 | -2.31 |
| Martin ratioReturn relative to average drawdown | 12.05 | 19.08 | -7.03 |
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
| FDV | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.83 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.64 | +0.18 |
Drawdowns
FDV vs. AGZD - Drawdown Comparison
The maximum FDV drawdown since its inception was -16.70%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for FDV and AGZD.
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Drawdown Indicators
| FDV | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -8.46% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -0.87% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.55% | -1.71% | -10.84% |
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 | -0.39% | -0.39% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -0.77% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 0.28% | +1.51% |
Volatility
FDV vs. AGZD - Volatility Comparison
Federated Hermes U.S. Strategic Dividend ETF (FDV) has a higher volatility of 2.82% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.03%. This indicates that FDV'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
| FDV | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 1.03% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 1.99% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.74% | 2.89% | +7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 3.59% | +9.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.65% | 3.72% | +8.93% |
FDV vs. AGZD - Expense Ratio Comparison
FDV has a 0.50% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
FDV vs. AGZD - Dividend Comparison
FDV's dividend yield for the trailing twelve months is around 2.56%, 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% |
FDV Federated Hermes U.S. Strategic Dividend ETF | 2.56% | 3.11% | 3.12% | 3.54% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDV and AGZD have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDV has higher volatility (2.82%) compared to AGZD (1.03%). In terms of maximum drawdown, FDV dropped -16.70% vs AGZD's -8.46%.
On 3-year performance, FDV leads with 14.78% vs 6.02% 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 3-year period, FDV has performed better with a 14.78% return vs 6.02%. 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 0.50% for FDV.
AGZD has the higher dividend yield at 3.99%, compared with 2.56% for FDV.
FDV is categorized as Large Cap Value Equities, while AGZD is Nontraditional Bonds. They also come from different issuers: Federated and WisdomTree. Their fees differ too: 0.50% for FDV and 0.23% for AGZD.
FDV currently has the higher Sharpe Ratio (2.01 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.
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