HFSAX vs. AGZD

Last updated Jun 13, 2026

HFSAX (Hundredfold Select Alternative Fund Investor Class) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both funds - HFSAX is a Tactical Allocation fund managed by Advisors Preferred, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. Over the past 10 years, HFSAX returned 8.24%/yr vs 3.23%/yr for AGZD. At a 0.07 correlation, their price movements are largely independent. HFSAX charges 1.75%/yr vs 0.23%/yr for AGZD.

Performance

HFSAX vs. AGZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hundredfold Select Alternative Fund Investor Class (HFSAX) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFSAX achieves a 1.16% return, which is significantly lower than AGZD's 2.36% return. Over the past 10 years, HFSAX has outperformed AGZD with an annualized return of 8.24%, while AGZD has yielded a comparatively lower 3.23% annualized return.

HFSAX

• 1D: 0.37%
• 1M: -1.30%
• YTD: 1.16%
• 6M: 2.27%
• 1Y: 9.33%
• 3Y*: 9.05%
• 5Y*: 2.94%
• 10Y*: 8.24%

AGZD

• 1D: 0.02%
• 1M: 0.60%
• YTD: 2.36%
• 6M: 2.27%
• 1Y: 5.59%
• 3Y*: 5.96%
• 5Y*: 4.39%
• 10Y*: 3.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HFSAX vs. AGZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFSAX Hundredfold Select Alternative Fund Investor Class	1.16%	11.97%	3.75%	10.93%	-9.44%	9.05%	38.71%	10.35%	-1.97%	9.91%
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund	2.36%	4.35%	6.64%	7.15%	1.17%	0.69%	0.31%	4.65%	0.18%	2.62%

Correlation

The correlation between HFSAX and AGZD is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013	0.07

Return for Risk

HFSAX vs. AGZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFSAX

HFSAX Risk / Return Rank: 65
HFSAX Sharpe Ratio Rank: 74
HFSAX Sortino Ratio Rank: 67
HFSAX Omega Ratio Rank: 76
HFSAX Calmar Ratio Rank: 68
HFSAX Martin Ratio Rank: 40

AGZD

AGZD Risk / Return Rank: 83
AGZD Sharpe Ratio Rank: 72
AGZD Sortino Ratio Rank: 78
AGZD Omega Ratio Rank: 77
AGZD Calmar Ratio Rank: 96
AGZD Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HFSAX vs. AGZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hundredfold Select Alternative Fund Investor Class (HFSAX) 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.

	HFSAX	AGZD	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.02	+0.03
Sortino ratio: Return per unit of downside risk	2.70	3.01	-0.32
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	2.63	7.67	-5.04
Martin ratio: Return relative to average drawdown	7.23	23.57	-16.34

HFSAX vs. AGZD - Sharpe Ratio Comparison

The current HFSAX Sharpe Ratio is 2.05, which is comparable to the AGZD Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of HFSAX and AGZD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HFSAX vs. AGZD - Drawdown Comparison

The maximum HFSAX drawdown since its inception was -12.81%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for HFSAX and AGZD.

Drawdown Indicators

	HFSAX	AGZD	Difference
Max Drawdown Largest peak-to-trough decline	-12.81%	-8.46%	-4.35%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-0.73%	-2.95%
Max Drawdown (3Y) Largest decline over 3 years	-5.67%	-1.71%	-3.96%
Max Drawdown (5Y) Largest decline over 5 years	-12.49%	-2.23%	-10.26%
Max Drawdown (10Y) Largest decline over 10 years	-12.81%	-8.46%	-4.35%
Current Drawdown Current decline from peak	-1.66%	-0.49%	-1.17%
Average Drawdown Average peak-to-trough decline	-2.38%	-0.77%	-1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	0.24%	+1.09%

Volatility

HFSAX vs. AGZD - Volatility Comparison

Hundredfold Select Alternative Fund Investor Class (HFSAX) has a higher volatility of 1.89% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.17%. This indicates that HFSAX'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.

Volatility by Period

	HFSAX	AGZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	1.17%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	3.87%	2.06%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	4.72%	2.86%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.21%	3.59%	+2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.27%	3.72%	+2.55%

HFSAX vs. AGZD - Expense Ratio Comparison

HFSAX has a 1.75% expense ratio, which is higher than AGZD's 0.23% expense ratio.

Dividends

HFSAX vs. AGZD - Dividend Comparison

HFSAX's dividend yield for the trailing twelve months is around 9.64%, 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%
HFSAX Hundredfold Select Alternative Fund Investor Class	9.64%	9.75%	5.87%	5.17%	4.92%	10.98%	13.58%	6.44%	3.11%	11.06%	5.60%	1.85%

Frequently Asked Questions

Can I hold both HFSAX and AGZD in my portfolio?

HFSAX and AGZD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFSAX or AGZD?

HFSAX has higher volatility (1.89%) compared to AGZD (1.17%). In terms of maximum drawdown, HFSAX dropped -12.81% vs AGZD's -8.46%.

Which has better risk-adjusted returns?

HFSAX currently has the higher Sharpe Ratio (2.05 vs 2.02), 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.