FPEI vs. AGZD
Compare and contrast key facts about First Trust Institutional Preferred Securities & Income ETF (FPEI) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD).
FPEI and AGZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPEI is an actively managed fund by First Trust. It was launched on Aug 22, 2017. 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: FPEI or AGZD.
Key characteristics
| FPEI | AGZD | |
|---|---|---|
| YTD Return | 10.61% | 5.67% |
| 1Y Return | 18.00% | 7.41% |
| 3Y Return (Ann) | 2.46% | 4.60% |
| 5Y Return (Ann) | 4.24% | 3.08% |
| Sharpe Ratio | 4.81 | 1.96 |
| Sortino Ratio | 7.96 | 3.06 |
| Omega Ratio | 2.14 | 1.36 |
| Calmar Ratio | 1.91 | 10.04 |
| Martin Ratio | 38.43 | 30.29 |
| Ulcer Index | 0.47% | 0.25% |
| Daily Std Dev | 3.79% | 3.92% |
| Max Drawdown | -27.51% | -8.45% |
| Current Drawdown | -0.84% | -0.18% |
Correlation
The correlation between FPEI and AGZD is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FPEI vs. AGZD - Performance Comparison
In the year-to-date period, FPEI achieves a 10.61% return, which is significantly higher than AGZD's 5.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FPEI vs. AGZD - Expense Ratio Comparison
FPEI has a 0.85% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Risk-Adjusted Performance
FPEI vs. AGZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Institutional Preferred Securities & Income ETF (FPEI) 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
FPEI vs. AGZD - Dividend Comparison
FPEI's dividend yield for the trailing twelve months is around 5.50%, less than AGZD's 6.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPEI First Trust Institutional Preferred Securities & Income ETF | 5.50% | 5.75% | 5.20% | 4.46% | 4.91% | 5.02% | 5.83% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 6.27% | 6.07% | 8.61% | 1.66% | 2.29% | 2.83% | 2.62% | 2.35% | 1.95% | 2.37% | 1.69% | 0.05% |
Drawdowns
FPEI vs. AGZD - Drawdown Comparison
The maximum FPEI drawdown since its inception was -27.51%, which is greater than AGZD's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for FPEI and AGZD. For additional features, visit the drawdowns tool.
Volatility
FPEI vs. AGZD - Volatility Comparison
The current volatility for First Trust Institutional Preferred Securities & Income ETF (FPEI) is 0.57%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 0.98%. This indicates that FPEI 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.