Correlation
The correlation between MBSD and AGZD is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
MBSD vs. AGZD
Compare and contrast key facts about FlexShares Disciplined Duration MBS Index Fund (MBSD) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD).
MBSD and AGZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBSD is a passively managed fund by Northern Trust that tracks the performance of the ICE BofA Constrained Duration US Mortgage Backed Securities. It was launched on Sep 4, 2014. AGZD is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. It was launched on Dec 18, 2013. Both MBSD and AGZD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBSD or AGZD.
Performance
MBSD vs. AGZD - Performance Comparison
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Key characteristics
MBSD:
0.91
AGZD:
0.98
MBSD:
1.23
AGZD:
1.57
MBSD:
1.14
AGZD:
1.19
MBSD:
0.54
AGZD:
2.82
MBSD:
2.23
AGZD:
9.66
MBSD:
1.96%
AGZD:
0.50%
MBSD:
5.49%
AGZD:
4.59%
MBSD:
-14.36%
AGZD:
-8.45%
MBSD:
-3.19%
AGZD:
-0.02%
Returns By Period
In the year-to-date period, MBSD achieves a 1.78% return, which is significantly higher than AGZD's 0.92% return. Over the past 10 years, MBSD has underperformed AGZD with an annualized return of 1.08%, while AGZD has yielded a comparatively higher 2.58% annualized return.
MBSD
1.78%
-0.75%
0.96%
4.66%
1.68%
-0.31%
1.08%
AGZD
0.92%
0.58%
1.53%
4.93%
5.69%
3.81%
2.58%
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MBSD vs. AGZD - Expense Ratio Comparison
MBSD has a 0.20% 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%.
Risk-Adjusted Performance
MBSD vs. AGZD — Risk-Adjusted Performance Rank
MBSD
AGZD
MBSD vs. AGZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Disciplined Duration MBS Index Fund (MBSD) 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.
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Dividends
MBSD vs. AGZD - Dividend Comparison
MBSD's dividend yield for the trailing twelve months is around 4.00%, more than AGZD's 3.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.00% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% | 0.83% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.82% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.35% | 1.81% | 1.66% | 1.69% |
Drawdowns
MBSD vs. AGZD - Drawdown Comparison
The maximum MBSD drawdown since its inception was -14.36%, which is greater than AGZD's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for MBSD and AGZD.
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Volatility
MBSD vs. AGZD - Volatility Comparison
FlexShares Disciplined Duration MBS Index Fund (MBSD) has a higher volatility of 1.40% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.07%. This indicates that MBSD'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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