FTBD vs. AGZD
FTBD (Fidelity Tactical Bond ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both Nontraditional Bonds funds. FTBD is actively managed, while AGZD is passively managed. Over the past 3 years, FTBD returned 5.19%/yr vs 6.14%/yr for AGZD. At a correlation of -0.07, they often move in opposite directions. FTBD charges 0.55%/yr vs 0.23%/yr for AGZD.
Performance
FTBD vs. AGZD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTBD achieves a 1.15% return, which is significantly lower than AGZD's 2.38% return.
FTBD
- 1D
- 0.16%
- 1M
- 0.34%
- YTD
- 1.15%
- 6M
- 1.17%
- 1Y
- 5.91%
- 3Y*
- 5.19%
- 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%
FTBD vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 1.15% | 8.35% | 1.77% | 3.73% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.38% | 4.35% | 6.64% | 6.06% |
Correlation
The correlation between FTBD and AGZD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2023 | -0.07 |
The correlation between FTBD and AGZD shifts across timeframes, from -0.07 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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
FTBD vs. AGZD — Risk / Return Rank
FTBD
AGZD
FTBD vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) 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.
| FTBD | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 6.22 | -4.23 |
| Martin ratioReturn relative to average drawdown | 6.83 | 19.58 | -12.75 |
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
| FTBD | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.87 | -0.47 |
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
FTBD vs. AGZD - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, smaller than the maximum AGZD drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for FTBD and AGZD.
Loading charts...
Drawdown Indicators
| FTBD | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.98% | -8.46% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -0.87% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.56% | -1.71% | -4.85% |
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 | -0.99% | -0.24% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -0.77% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.28% | +0.59% |
Volatility
FTBD vs. AGZD - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) has a higher volatility of 1.46% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.01%. This indicates that FTBD'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.
Loading charts...
Volatility by Period
| FTBD | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.01% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 1.97% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 2.89% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 3.59% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 3.72% | +2.14% |
FTBD vs. AGZD - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
FTBD vs. AGZD - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 5.03%, more than 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% |
FTBD Fidelity Tactical Bond ETF | 5.03% | 5.04% | 4.76% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTBD and AGZD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTBD has higher volatility (1.46%) compared to AGZD (1.01%). In terms of maximum drawdown, FTBD dropped -6.98% vs AGZD's -8.46%.
On 3-year performance, AGZD leads with 6.14% vs 5.19% for FTBD. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AGZD has performed better with a 6.14% return vs 5.19%. 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 0.55% for FTBD.
FTBD has the higher dividend yield at 5.03%, compared with 3.98% for AGZD.
They also come from different issuers: Fidelity and WisdomTree. Their fees differ too: 0.55% for FTBD and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.87 vs 1.39), 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 FTBD 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