IVRA vs. AGZD
IVRA (Invesco Real Assets ESG ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - IVRA is a ESG fund actively managed by Invesco, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. IVRA is actively managed, while AGZD is passively managed. Over the past 5 years, IVRA returned 7.62%/yr vs 4.35%/yr for AGZD. At a 0.04 correlation, their price movements are largely independent. IVRA charges 0.59%/yr vs 0.23%/yr for AGZD.
Performance
IVRA vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, IVRA achieves a 11.70% return, which is significantly higher than AGZD's 2.38% return.
IVRA
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 11.70%
- 6M
- 12.10%
- 1Y
- 16.15%
- 3Y*
- 15.62%
- 5Y*
- 7.62%
- 10Y*
- —
AGZD
- 1D
- 0.15%
- 1M
- 0.56%
- YTD
- 2.38%
- 6M
- 2.79%
- 1Y
- 5.37%
- 3Y*
- 6.14%
- 5Y*
- 4.35%
- 10Y*
- 3.21%
IVRA vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IVRA Invesco Real Assets ESG ETF | 11.70% | 10.20% | 13.07% | 9.13% | -10.00% | 32.74% | 1.58% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.38% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.13% |
Correlation
The correlation between IVRA and AGZD is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020 | 0.04 |
The correlation between IVRA and AGZD shifts across timeframes, from -0.11 (1 year) to 0.04 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IVRA vs. AGZD — Risk / Return Rank
IVRA
AGZD
IVRA vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Assets ESG ETF (IVRA) 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.
| IVRA | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 6.22 | -2.67 |
| Martin ratioReturn relative to average drawdown | 12.33 | 19.58 | -7.25 |
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
| IVRA | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.87 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.22 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.65 | +0.08 |
Drawdowns
IVRA vs. AGZD - Drawdown Comparison
The maximum IVRA drawdown since its inception was -25.99%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for IVRA and AGZD.
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Drawdown Indicators
| IVRA | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.99% | -8.46% | -17.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -0.87% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -1.71% | -13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.99% | -2.23% | -23.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | -0.92% | -0.24% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -0.77% | -6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.28% | +1.04% |
Volatility
IVRA vs. AGZD - Volatility Comparison
The current volatility for Invesco Real Assets ESG ETF (IVRA) is 0.00%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.01%. This indicates that IVRA experiences smaller price fluctuations and is considered to be less risky 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
| IVRA | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.01% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 5.43% | 1.97% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 2.89% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 3.59% | +12.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 3.72% | +12.67% |
IVRA vs. AGZD - Expense Ratio Comparison
IVRA has a 0.59% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
IVRA vs. AGZD - Dividend Comparison
IVRA's dividend yield for the trailing twelve months is around 16.99%, 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% |
IVRA Invesco Real Assets ESG ETF | 16.99% | 5.68% | 3.71% | 2.47% | 2.30% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVRA and AGZD have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.01%) compared to IVRA (0.00%). In terms of maximum drawdown, IVRA dropped -25.99% vs AGZD's -8.46%.
On 5-year performance, IVRA leads with 7.62% vs 4.35% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, IVRA has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IVRA has performed better with a 7.62% return vs 4.35%. 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 0.59% for IVRA.
IVRA has the higher dividend yield at 16.99%, compared with 3.98% for AGZD.
IVRA is categorized as ESG, while AGZD is Nontraditional Bonds. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.59% for IVRA and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.87 vs 1.77), 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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