GBF vs. AGZD
GBF (iShares Government/Credit Bond ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - GBF is a Intermediate Core Bond fund tracking the Bloomberg U.S. Government/Credit Bond Index, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. Both are passively managed. Over the past 10 years, GBF returned 1.51%/yr vs 3.21%/yr for AGZD. At a correlation of -0.11, they often move in opposite directions. GBF charges 0.20%/yr vs 0.23%/yr for AGZD.
Performance
GBF vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, GBF achieves a 0.35% return, which is significantly lower than AGZD's 2.38% return. Over the past 10 years, GBF has underperformed AGZD with an annualized return of 1.51%, while AGZD has yielded a comparatively higher 3.21% annualized return.
GBF
- 1D
- 0.13%
- 1M
- 0.21%
- YTD
- 0.35%
- 6M
- 0.18%
- 1Y
- 4.02%
- 3Y*
- 3.64%
- 5Y*
- -0.19%
- 10Y*
- 1.51%
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%
GBF vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBF iShares Government/Credit Bond ETF | 0.35% | 6.41% | 0.99% | 5.79% | -13.85% | -2.30% | 8.76% | 9.47% | -0.52% | 4.10% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.38% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 4.65% | 0.18% | 2.62% |
Correlation
The correlation between GBF and AGZD is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | -0.11 |
The correlation between GBF and AGZD shifts across timeframes, from -0.16 (5 years) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBF vs. AGZD — Risk / Return Rank
GBF
AGZD
GBF vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Government/Credit Bond ETF (GBF) 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.
| GBF | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 6.22 | -4.74 |
| Martin ratioReturn relative to average drawdown | 4.37 | 19.58 | -15.21 |
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
| GBF | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.87 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 1.22 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.87 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.65 | -0.07 |
Drawdowns
GBF vs. AGZD - Drawdown Comparison
The maximum GBF drawdown since its inception was -19.67%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for GBF and AGZD.
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Drawdown Indicators
| GBF | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.67% | -8.46% | -11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -0.87% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -5.78% | -1.71% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.45% | -2.23% | -16.22% |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | -8.46% | -11.21% |
Current DrawdownCurrent decline from peak | -4.71% | -0.24% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -0.77% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.28% | +0.64% |
Volatility
GBF vs. AGZD - Volatility Comparison
iShares Government/Credit Bond ETF (GBF) has a higher volatility of 1.21% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.01%. This indicates that GBF'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
| GBF | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.01% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 1.97% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 2.89% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 3.59% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 3.72% | +1.56% |
GBF vs. AGZD - Expense Ratio Comparison
GBF has a 0.20% expense ratio, which is lower than AGZD's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBF vs. AGZD - Dividend Comparison
GBF's dividend yield for the trailing twelve months is around 3.78%, less 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% |
GBF iShares Government/Credit Bond ETF | 3.78% | 3.81% | 3.94% | 3.03% | 2.13% | 1.22% | 1.64% | 2.64% | 2.59% | 2.31% | 2.09% | 2.04% |
Frequently Asked Questions
GBF and AGZD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBF has higher volatility (1.21%) compared to AGZD (1.01%). In terms of maximum drawdown, GBF dropped -19.67% vs AGZD's -8.46%.
On 10-year performance, AGZD leads with 3.21% vs 1.51% for GBF. On fees, GBF is cheaper at 0.20% 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 10-year period, AGZD has performed better with a 3.21% return vs 1.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GBF is cheaper with a 0.20% expense ratio, compared with 0.23% for AGZD.
AGZD has the higher dividend yield at 3.98%, compared with 3.78% for GBF.
GBF is categorized as Intermediate Core Bond, while AGZD is Nontraditional Bonds. GBF tracks Bloomberg U.S. Government/Credit Bond Index, while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for GBF and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.87 vs 1.09), 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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