HYZD vs. AGG

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and iShares Core U.S. Aggregate Bond ETF (AGG).

HYZD and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYZD is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. It was launched on Dec 18, 2013. AGG is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Aggregate Bond Index. It was launched on Sep 22, 2003. Both HYZD and AGG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HYZD vs. AGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and iShares Core U.S. Aggregate Bond ETF (AGG). The values are adjusted to include any dividend payments, if applicable.

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	0.17%	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	0.09%	7.19%	1.31%	5.65%	-13.02%	-1.77%	7.48%	8.46%	0.09%	3.55%

Returns By Period

In the year-to-date period, HYZD achieves a 0.17% return, which is significantly higher than AGG's 0.09% return. Over the past 10 years, HYZD has outperformed AGG with an annualized return of 5.80%, while AGG has yielded a comparatively lower 1.66% annualized return.

HYZD

• 1D: 1.09%
• 1M: -0.00%
• YTD: 0.17%
• 6M: 1.71%
• 1Y: 7.53%
• 3Y*: 8.76%
• 5Y*: 5.86%
• 10Y*: 5.80%

AGG

• 1D: 0.07%
• 1M: -1.33%
• YTD: 0.09%
• 6M: 0.78%
• 1Y: 4.05%
• 3Y*: 3.62%
• 5Y*: 0.24%
• 10Y*: 1.66%

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

HYZD vs. AGG - Expense Ratio Comparison

HYZD has a 0.43% expense ratio, which is higher than AGG's 0.03% expense ratio.

HYZD

WisdomTree Interest Rate Hedged High Yield Bond Fund

AGG

iShares Core U.S. Aggregate Bond ETF

Return for Risk

HYZD vs. AGG — Risk / Return Rank

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

HYZD

HYZD Risk / Return Rank: 78
HYZD Sharpe Ratio Rank: 73
HYZD Sortino Ratio Rank: 79
HYZD Omega Ratio Rank: 85
HYZD Calmar Ratio Rank: 66
HYZD Martin Ratio Rank: 85

AGG

AGG Risk / Return Rank: 50
AGG Sharpe Ratio Rank: 49
AGG Sortino Ratio Rank: 46
AGG Omega Ratio Rank: 40
AGG Calmar Ratio Rank: 67
AGG Martin Ratio Rank: 49

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.

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 ratio Return per unit of total volatility	1.37	0.93	+0.44
Sortino ratio Return per unit of downside risk	2.12	1.32	+0.80
Omega ratio Gain probability vs. loss probability	1.35	1.17	+0.19
Calmar ratio Return relative to maximum drawdown	1.80	1.76	+0.04
Martin ratio Return relative to average drawdown	10.45	4.89	+5.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYZD vs. AGG - Sharpe Ratio Comparison

The current HYZD Sharpe Ratio is 1.37, which is higher than the AGG Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of HYZD and AGG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYZD	AGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	0.93	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.04	+0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.31	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.60	-0.11

Correlation

The correlation between HYZD and AGG is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

HYZD vs. AGG - Dividend Comparison

HYZD's dividend yield for the trailing twelve months is around 6.04%, more than AGG's 3.95% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	6.04%	6.05%	6.08%	5.94%	5.14%	4.02%	5.13%	5.50%	5.58%	4.94%	5.07%	4.38%
AGG iShares Core U.S. Aggregate Bond ETF	3.95%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%

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.

Drawdown Indicators

	HYZD	AGG	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-18.43%	-7.23%
Max Drawdown (1Y) Largest decline over 1 year	-4.41%	-2.52%	-1.89%
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 Drawdown Current decline from peak	-0.84%	-2.30%	+1.46%
Average Drawdown Average peak-to-trough decline	-2.23%	-2.71%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	0.91%	-0.15%

Volatility

HYZD vs. AGG - Volatility Comparison

WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.63% and 1.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYZD	AGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.63%	1.67%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.29%	2.55%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	5.53%	4.37%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.69%	6.07%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.68%	5.39%	+3.29%