GOLY vs. AGZD
GOLY (Strategy Shares Gold-Hedged Bond ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both Nontraditional Bonds funds - GOLY tracks the Solactive Gold-Backed Bond Index while AGZD tracks the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. Both are passively managed. Over the past 5 years, GOLY returned 5.25%/yr vs 4.31%/yr for AGZD. At a correlation of -0.06, they often move in opposite directions. GOLY charges 0.79%/yr vs 0.23%/yr for AGZD.
Performance
GOLY vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, GOLY achieves a -26.33% return, which is significantly lower than AGZD's 2.24% return.
GOLY
- 1D
- 0.84%
- 1M
- -10.09%
- YTD
- -26.33%
- 6M
- -28.77%
- 1Y
- -7.98%
- 3Y*
- 14.36%
- 5Y*
- 5.25%
- 10Y*
- —
AGZD
- 1D
- -0.02%
- 1M
- -0.37%
- YTD
- 2.24%
- 6M
- 2.20%
- 1Y
- 5.40%
- 3Y*
- 5.76%
- 5Y*
- 4.31%
- 10Y*
- 3.22%
GOLY vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -26.33% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.24% | 4.35% | 6.64% | 7.15% | 1.17% | 0.29% |
Correlation
The correlation between GOLY and AGZD is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | -0.06 |
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Return for Risk
GOLY vs. AGZD — Risk / Return Rank
GOLY
AGZD
GOLY vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) 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.
| GOLY | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 7.41 | -7.62 |
| Martin ratioReturn relative to average drawdown | -0.52 | 21.64 | -22.16 |
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Drawdowns
GOLY vs. AGZD - Drawdown Comparison
The maximum GOLY drawdown since its inception was -36.97%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for GOLY and AGZD.
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Drawdown Indicators
| GOLY | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -8.46% | -28.51% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -0.73% | -36.24% |
Max Drawdown (3Y)Largest decline over 3 years | -36.97% | -1.71% | -35.26% |
Max Drawdown (5Y)Largest decline over 5 years | -36.97% | -2.23% | -34.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | -36.44% | -0.60% | -35.84% |
Average DrawdownAverage peak-to-trough decline | -12.10% | -0.77% | -11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.33% | 0.25% | +15.08% |
Volatility
GOLY vs. AGZD - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.74% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.04%. This indicates that GOLY'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
| GOLY | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 1.04% | +8.70% |
Volatility (6M)Calculated over the trailing 6-month period | 30.59% | 1.98% | +28.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.84% | 2.83% | +31.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 3.60% | +19.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 3.72% | +18.72% |
GOLY vs. AGZD - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
GOLY vs. AGZD - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.99%, more than AGZD's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 4.00% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.99% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOLY and AGZD have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (9.74%) compared to AGZD (1.04%). In terms of maximum drawdown, GOLY dropped -36.97% vs AGZD's -8.46%.
On 5-year performance, GOLY leads with 5.25% vs 4.31% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GOLY has performed better with a 5.25% return vs 4.31%. 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 0.79% for GOLY.
GOLY has the higher dividend yield at 9.99%, compared with 4.00% for AGZD.
GOLY tracks Solactive Gold-Backed Bond Index, while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: Strategy Shares and WisdomTree. Their fees differ too: 0.79% for GOLY and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.92 vs -0.24), 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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