JHHY vs. AGZD

Last updated Jun 24, 2026

JHHY (John Hancock High Yield ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - JHHY is a High Yield Bonds fund actively managed by John Hancock, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. JHHY is actively managed, while AGZD is passively managed. Over the past year, JHHY returned 6.90% vs 5.52% for AGZD. At a 0.04 correlation, their price movements are largely independent. JHHY charges 0.52%/yr vs 0.23%/yr for AGZD.

Performance

JHHY vs. AGZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock High Yield ETF (JHHY) 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, JHHY achieves a 1.78% return, which is significantly lower than AGZD's 2.29% return.

JHHY

• 1D: 0.04%
• 1M: 0.70%
• YTD: 1.78%
• 6M: 2.03%
• 1Y: 6.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AGZD

• 1D: -0.07%
• 1M: 0.11%
• YTD: 2.29%
• 6M: 2.30%
• 1Y: 5.52%
• 3Y*: 5.79%
• 5Y*: 4.33%
• 10Y*: 3.26%

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

JHHY vs. AGZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JHHY John Hancock High Yield ETF	1.78%	9.18%	7.35%
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund	2.29%	4.35%	4.20%

Correlation

The correlation between JHHY and AGZD is 0.02, 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	0.02
Correlation (All Time) Calculated using the full available price history since May 2, 2024	0.04

Return for Risk

JHHY vs. AGZD — Risk / Return Rank

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

JHHY

JHHY Risk / Return Rank: 64
JHHY Sharpe Ratio Rank: 58
JHHY Sortino Ratio Rank: 65
JHHY Omega Ratio Rank: 62
JHHY Calmar Ratio Rank: 62
JHHY Martin Ratio Rank: 71

AGZD

AGZD Risk / Return Rank: 77
AGZD Sharpe Ratio Rank: 62
AGZD Sortino Ratio Rank: 67
AGZD Omega Ratio Rank: 67
AGZD Calmar Ratio Rank: 95
AGZD Martin Ratio Rank: 93

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.

JHHY vs. AGZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock High Yield ETF (JHHY) 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.

	JHHY	AGZD	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.96	-0.20
Sortino ratio: Return per unit of downside risk	2.69	2.90	-0.21
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.04
Calmar ratio: Return relative to maximum drawdown	2.76	7.57	-4.81
Martin ratio: Return relative to average drawdown	11.98	22.52	-10.54

JHHY vs. AGZD - Sharpe Ratio Comparison

The current JHHY Sharpe Ratio is 1.75, which is comparable to the AGZD Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of JHHY 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

JHHY vs. AGZD - Drawdown Comparison

The maximum JHHY drawdown since its inception was -4.95%, smaller than the maximum AGZD drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for JHHY and AGZD.

Drawdown Indicators

	JHHY	AGZD	Difference
Max Drawdown Largest peak-to-trough decline	-4.95%	-8.46%	+3.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-0.73%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-8.46%	—
Current Drawdown Current decline from peak	-0.12%	-0.56%	+0.44%
Average Drawdown Average peak-to-trough decline	-0.40%	-0.77%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	0.25%	+0.33%

Volatility

JHHY vs. AGZD - Volatility Comparison

The current volatility for John Hancock High Yield ETF (JHHY) is 0.93%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.15%. This indicates that JHHY 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.

Volatility by Period

	JHHY	AGZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	1.15%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	3.06%	2.08%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.95%	2.84%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	3.60%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	3.72%	+1.10%

JHHY vs. AGZD - Expense Ratio Comparison

JHHY has a 0.52% expense ratio, which is higher than AGZD's 0.23% expense ratio.

Dividends

JHHY vs. AGZD - Dividend Comparison

JHHY's dividend yield for the trailing twelve months is around 6.95%, more than AGZD's 3.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund	3.99%	4.12%	3.96%	6.07%	8.61%	1.66%	2.28%	2.83%	2.62%	2.31%	1.81%	1.66%
JHHY John Hancock High Yield ETF	6.95%	7.21%	5.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JHHY and AGZD in my portfolio?

JHHY and AGZD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHHY or AGZD?

AGZD has higher volatility (1.15%) compared to JHHY (0.93%). In terms of maximum drawdown, JHHY dropped -4.95% vs AGZD's -8.46%.

Which ETF is better, JHHY or AGZD?

On 1-year performance, JHHY leads with 6.90% vs 5.52% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, JHHY has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHHY or AGZD?

Over the 1-year period, JHHY has performed better with a 6.90% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHHY or AGZD?

AGZD is cheaper with a 0.23% expense ratio, compared with 0.52% for JHHY.

Which ETF pays a higher dividend yield, JHHY or AGZD?

JHHY has the higher dividend yield at 6.95%, compared with 3.99% for AGZD.

What is the main difference between JHHY and AGZD?

JHHY is categorized as High Yield Bonds, while AGZD is Nontraditional Bonds. They also come from different issuers: John Hancock and WisdomTree. Their fees differ too: 0.52% for JHHY and 0.23% for AGZD.

Which has better risk-adjusted returns?

AGZD currently has the higher Sharpe Ratio (1.96 vs 1.75), 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.