HYZD vs. AGG
HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - HYZD is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, HYZD returned 5.60%/yr vs 1.60%/yr for AGG. At a correlation of -0.06, they often move in opposite directions. HYZD charges 0.43%/yr vs 0.03%/yr for AGG.
Performance
HYZD vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, HYZD achieves a 2.88% return, which is significantly higher than AGG's 0.42% return. Over the past 10 years, HYZD has outperformed AGG with an annualized return of 5.60%, while AGG has yielded a comparatively lower 1.60% annualized return.
HYZD
- 1D
- 0.35%
- 1M
- 0.87%
- YTD
- 2.88%
- 6M
- 3.60%
- 1Y
- 7.82%
- 3Y*
- 9.46%
- 5Y*
- 6.30%
- 10Y*
- 5.60%
AGG
- 1D
- 0.16%
- 1M
- 0.22%
- YTD
- 0.42%
- 6M
- 0.49%
- 1Y
- 4.69%
- 3Y*
- 4.01%
- 5Y*
- 0.13%
- 10Y*
- 1.60%
HYZD vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2.88% | 7.67% | 9.39% | 11.17% | -2.35% | 6.27% | -0.63% | 9.17% | -2.21% | 6.32% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.42% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between HYZD and AGG 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | -0.06 |
The correlation between HYZD and AGG shifts across timeframes, from -0.06 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYZD vs. AGG — Risk / Return Rank
HYZD
AGG
HYZD vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| HYZD | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.22 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 1.70 | +2.41 |
| Martin ratioReturn relative to average drawdown | 17.47 | 5.21 | +12.25 |
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
| HYZD | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 1.24 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.02 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.30 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.59 | -0.09 |
Drawdowns
HYZD vs. AGG - Drawdown Comparison
The maximum HYZD drawdown since its inception was -25.66%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for HYZD and AGG.
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Drawdown Indicators
| HYZD | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -18.43% | -7.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.91% | -2.76% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -6.11% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -8.97% | -17.82% | +8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -25.66% | -18.43% | -7.23% |
Current DrawdownCurrent decline from peak | 0.00% | -1.98% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -2.71% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.90% | -0.45% |
Volatility
HYZD vs. AGG - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is 1.00%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.29%. This indicates that HYZD experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYZD | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.29% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 2.74% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 3.85% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 6.09% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 5.40% | +3.17% |
HYZD vs. AGG - Expense Ratio Comparison
HYZD has a 0.43% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
HYZD vs. AGG - Dividend Comparison
HYZD's dividend yield for the trailing twelve months is around 5.87%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 5.87% | 6.05% | 6.08% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% |
Frequently Asked Questions
HYZD and AGG 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.
AGG has higher volatility (1.29%) compared to HYZD (1.00%). In terms of maximum drawdown, HYZD dropped -25.66% vs AGG's -18.43%.
On 10-year performance, HYZD leads with 5.60% vs 1.60% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, HYZD has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HYZD has performed better with a 5.60% return vs 1.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGG is cheaper with a 0.03% expense ratio, compared with 0.43% for HYZD.
HYZD has the higher dividend yield at 5.87%, compared with 3.98% for AGG.
HYZD is categorized as High Yield Bonds, while AGG is Total Bond Market. HYZD tracks WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.43% for HYZD and 0.03% for AGG.
HYZD currently has the higher Sharpe Ratio (2.48 vs 1.24), 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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