GLNK vs. AGZD
GLNK (Grayscale Chainlink Trust ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - GLNK is a Cryptocurrency fund tracking the Chainlink (LINK), 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 3 years, GLNK returned -13.05%/yr vs 5.78%/yr for AGZD. At a correlation of -0.03, they often move in opposite directions. GLNK charges 2.50%/yr vs 0.23%/yr for AGZD.
Performance
GLNK vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, GLNK achieves a -41.16% return, which is significantly lower than AGZD's 2.26% return.
GLNK
- 1D
- -4.61%
- 1M
- -23.60%
- YTD
- -41.16%
- 6M
- -40.59%
- 1Y
- -64.29%
- 3Y*
- -13.05%
- 5Y*
- —
- 10Y*
- —
AGZD
- 1D
- -0.02%
- 1M
- 0.09%
- YTD
- 2.26%
- 6M
- 2.23%
- 1Y
- 5.68%
- 3Y*
- 5.78%
- 5Y*
- 4.31%
- 10Y*
- 3.26%
GLNK vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLNK Grayscale Chainlink Trust ETF | -41.16% | -87.10% | 38.45% | 840.06% | -18.87% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.26% | 4.35% | 6.64% | 7.15% | 2.41% |
Correlation
The correlation between GLNK and AGZD is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 19, 2022 | -0.03 |
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Return for Risk
GLNK vs. AGZD — Risk / Return Rank
GLNK
AGZD
GLNK vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLNK | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.61 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.39 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 7.80 | -8.52 |
| Martin ratioReturn relative to average drawdown | -0.92 | 22.95 | -23.87 |
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Drawdowns
GLNK vs. AGZD - Drawdown Comparison
The maximum GLNK drawdown since its inception was -96.22%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for GLNK and AGZD.
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Drawdown Indicators
| GLNK | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -8.46% | -87.76% |
Max Drawdown (1Y)Largest decline over 1 year | -89.40% | -0.73% | -88.67% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -1.71% | -94.51% |
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 | -96.22% | -0.58% | -95.64% |
Average DrawdownAverage peak-to-trough decline | -56.20% | -0.77% | -55.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.80% | 0.25% | +69.55% |
Volatility
GLNK vs. AGZD - Volatility Comparison
Grayscale Chainlink Trust ETF (GLNK) has a higher volatility of 19.39% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.14%. This indicates that GLNK'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
| GLNK | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.39% | 1.14% | +18.25% |
Volatility (6M)Calculated over the trailing 6-month period | 47.13% | 2.03% | +45.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 107.93% | 2.83% | +105.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 163.91% | 3.60% | +160.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.91% | 3.72% | +160.19% |
GLNK vs. AGZD - Expense Ratio Comparison
GLNK has a 2.50% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
GLNK vs. AGZD - Dividend Comparison
GLNK has not paid dividends to shareholders, while AGZD's dividend yield for the trailing twelve months is around 3.99%.
| 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% |
GLNK Grayscale Chainlink Trust 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
GLNK and AGZD have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLNK has higher volatility (19.39%) compared to AGZD (1.14%). In terms of maximum drawdown, GLNK dropped -96.22% vs AGZD's -8.46%.
On 3-year performance, AGZD leads with 5.78% vs -13.05% for GLNK. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.14%. 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 5.78% return vs -13.05%. 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 2.50% for GLNK.
AGZD has the higher dividend yield at 3.99%, compared with 0.00% for GLNK.
GLNK is categorized as Cryptocurrency, while AGZD is Nontraditional Bonds. GLNK tracks Chainlink (LINK), while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: Grayscale and WisdomTree. Their fees differ too: 2.50% for GLNK and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (2.02 vs -0.60), 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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