FLAO vs. AGZD
FLAO (AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - FLAO is a Defined Outcome fund actively managed by Allianz, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. FLAO is actively managed, while AGZD is passively managed. Over the past year, FLAO returned 4.36% vs 5.37% for AGZD. At a 0.06 correlation, their price movements are largely independent. FLAO charges 0.74%/yr vs 0.23%/yr for AGZD.
Performance
FLAO vs. AGZD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLAO achieves a -0.82% return, which is significantly lower than AGZD's 2.38% return.
FLAO
- 1D
- 0.04%
- 1M
- 0.88%
- YTD
- -0.82%
- 6M
- -0.36%
- 1Y
- 4.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGZD
- 1D
- 0.15%
- 1M
- 0.56%
- YTD
- 2.38%
- 6M
- 2.79%
- 1Y
- 5.37%
- 3Y*
- 6.14%
- 5Y*
- 4.35%
- 10Y*
- 3.21%
FLAO vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF | -0.82% | 3.38% | 10.02% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.38% | 4.35% | 4.75% |
Correlation
The correlation between FLAO and AGZD is 0.10, 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 | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.06 |
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
FLAO vs. AGZD — Risk / Return Rank
FLAO
AGZD
FLAO vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) 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.
| FLAO | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 6.22 | -5.64 |
| Martin ratioReturn relative to average drawdown | 2.42 | 19.58 | -17.16 |
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
| FLAO | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.87 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.65 | +0.12 |
Drawdowns
FLAO vs. AGZD - Drawdown Comparison
The maximum FLAO drawdown since its inception was -10.12%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for FLAO and AGZD.
Loading charts...
Drawdown Indicators
| FLAO | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -8.46% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -0.87% | -6.73% |
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 | -2.03% | -0.24% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -0.77% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 0.28% | +1.53% |
Volatility
FLAO vs. AGZD - Volatility Comparison
The current volatility for AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) is 0.31%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.01%. This indicates that FLAO 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.
Loading charts...
Volatility by Period
| FLAO | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 1.01% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 5.15% | 1.97% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.69% | 2.89% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.50% | 3.59% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 3.72% | +3.78% |
FLAO vs. AGZD - Expense Ratio Comparison
FLAO has a 0.74% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
FLAO vs. AGZD - Dividend Comparison
FLAO has not paid dividends to shareholders, while AGZD's dividend yield for the trailing twelve months is around 3.98%.
| 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% |
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLAO and AGZD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.01%) compared to FLAO (0.31%). In terms of maximum drawdown, FLAO dropped -10.12% vs AGZD's -8.46%.
On 1-year performance, AGZD leads with 5.37% vs 4.36% for FLAO. On fees, AGZD is cheaper at 0.23% per year. On volatility, FLAO has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AGZD has performed better with a 5.37% return vs 4.36%. 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 0.74% for FLAO.
AGZD has the higher dividend yield at 3.98%, compared with 0.00% for FLAO.
FLAO is categorized as Defined Outcome, while AGZD is Nontraditional Bonds. They also come from different issuers: Allianz and WisdomTree. Their fees differ too: 0.74% for FLAO and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.87 vs 0.77), 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 FLAO 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