LMUB vs. AGZD
LMUB (iShares Long-Term National Muni Bond ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - LMUB is a Municipal Bonds fund tracking the ICE AMT-Free US Long National Municipal Index, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. Both are passively managed. Over the past year, LMUB returned 9.37% vs 5.26% for AGZD. At a correlation of -0.09, they often move in opposite directions. LMUB charges 0.09%/yr vs 0.23%/yr for AGZD.
Performance
LMUB vs. AGZD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LMUB having a 2.32% return and AGZD slightly lower at 2.22%.
LMUB
- 1D
- 0.01%
- 1M
- 0.90%
- YTD
- 2.32%
- 6M
- 2.47%
- 1Y
- 9.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGZD
- 1D
- -0.18%
- 1M
- 0.67%
- YTD
- 2.22%
- 6M
- 2.64%
- 1Y
- 5.26%
- 3Y*
- 6.02%
- 5Y*
- 4.32%
- 10Y*
- 3.15%
LMUB vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LMUB iShares Long-Term National Muni Bond ETF | 2.32% | 3.52% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.22% | 3.56% |
Correlation
The correlation between LMUB and AGZD is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025 | -0.09 |
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Return for Risk
LMUB vs. AGZD — Risk / Return Rank
LMUB
AGZD
LMUB vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Long-Term National Muni Bond ETF (LMUB) 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.
| LMUB | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 6.09 | -3.07 |
| Martin ratioReturn relative to average drawdown | 10.61 | 19.08 | -8.47 |
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
| LMUB | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 1.83 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.64 | +0.18 |
Drawdowns
LMUB vs. AGZD - Drawdown Comparison
The maximum LMUB drawdown since its inception was -5.51%, smaller than the maximum AGZD drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for LMUB and AGZD.
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Drawdown Indicators
| LMUB | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.51% | -8.46% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -0.87% | -2.24% |
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 DrawdownCurrent decline from peak | 0.00% | -0.39% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -0.77% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.28% | +0.61% |
Volatility
LMUB vs. AGZD - Volatility Comparison
iShares Long-Term National Muni Bond ETF (LMUB) has a higher volatility of 1.44% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.03%. This indicates that LMUB'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.
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Volatility by Period
| LMUB | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.03% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 1.99% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 2.89% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 3.59% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.97% | 3.72% | +2.25% |
LMUB vs. AGZD - Expense Ratio Comparison
LMUB has a 0.09% expense ratio, which is lower than AGZD's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LMUB vs. AGZD - Dividend Comparison
LMUB's dividend yield for the trailing twelve months is around 3.77%, less 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% |
LMUB iShares Long-Term National Muni Bond ETF | 3.77% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LMUB and AGZD have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMUB has higher volatility (1.44%) compared to AGZD (1.03%). In terms of maximum drawdown, LMUB dropped -5.51% vs AGZD's -8.46%.
On 1-year performance, LMUB leads with 9.37% vs 5.26% for AGZD. On fees, LMUB is cheaper at 0.09% per year. On volatility, AGZD has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LMUB has performed better with a 9.37% return vs 5.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LMUB is cheaper with a 0.09% expense ratio, compared with 0.23% for AGZD.
AGZD has the higher dividend yield at 3.99%, compared with 3.77% for LMUB.
LMUB is categorized as Municipal Bonds, while AGZD is Nontraditional Bonds. LMUB tracks ICE AMT-Free US Long National Municipal Index, while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.09% for LMUB and 0.23% for AGZD.
LMUB currently has the higher Sharpe Ratio (2.24 vs 1.83), 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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