MBSD vs. AGZD
MBSD (FlexShares Disciplined Duration MBS Index Fund) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - MBSD is a Mortgage Backed Securities fund tracking the ICE BofA Constrained Duration US Mortgage Backed Securities, 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 10 years, MBSD returned 1.38%/yr vs 3.26%/yr for AGZD. At a correlation of -0.07, they often move in opposite directions. MBSD charges 0.20%/yr vs 0.23%/yr for AGZD.
Performance
MBSD vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, MBSD achieves a 0.60% return, which is significantly lower than AGZD's 2.29% return. Over the past 10 years, MBSD has underperformed AGZD with an annualized return of 1.38%, while AGZD has yielded a comparatively higher 3.26% annualized return.
MBSD
- 1D
- 0.09%
- 1M
- 0.45%
- YTD
- 0.60%
- 6M
- 0.67%
- 1Y
- 4.57%
- 3Y*
- 4.26%
- 5Y*
- 0.72%
- 10Y*
- 1.38%
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%
MBSD vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 0.60% | 7.12% | 2.30% | 4.46% | -9.49% | -1.40% | 5.43% | 6.05% | 0.32% | 0.86% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.29% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 4.65% | 0.18% | 2.62% |
Correlation
The correlation between MBSD and AGZD is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2014 | -0.07 |
The correlation between MBSD and AGZD shifts across timeframes, from -0.12 (5 years) to 0.00 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MBSD vs. AGZD — Risk / Return Rank
MBSD
AGZD
MBSD vs. AGZD - Risk-Adjusted Trends 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.
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.
| MBSD | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 7.57 | -5.46 |
| Martin ratioReturn relative to average drawdown | 6.31 | 22.52 | -16.21 |
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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 -8.46%. Use the drawdown chart below to compare losses from any high point for MBSD and AGZD.
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Drawdown Indicators
| MBSD | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.36% | -8.46% | -5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.17% | -0.73% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | -1.71% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -2.23% | -11.87% |
Max Drawdown (10Y)Largest decline over 10 years | -14.36% | -8.46% | -5.90% |
Current DrawdownCurrent decline from peak | -1.02% | -0.56% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -0.77% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.25% | +0.47% |
Volatility
MBSD vs. AGZD - Volatility Comparison
The current volatility for FlexShares Disciplined Duration MBS Index Fund (MBSD) is 0.97%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.15%. This indicates that MBSD 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
| MBSD | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.15% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 2.08% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 2.84% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.16% | 3.60% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 3.72% | +0.55% |
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%.
Dividends
MBSD vs. AGZD - Dividend Comparison
MBSD's dividend yield for the trailing twelve months is around 4.19%, 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% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.19% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
Frequently Asked Questions
MBSD and AGZD have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.15%) compared to MBSD (0.97%). In terms of maximum drawdown, MBSD dropped -14.36% vs AGZD's -8.46%.
On 10-year performance, AGZD leads with 3.26% vs 1.38% for MBSD. On fees, MBSD is cheaper at 0.20% per year. On volatility, MBSD has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AGZD has performed better with a 3.26% return vs 1.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBSD is cheaper with a 0.20% expense ratio, compared with 0.23% for AGZD.
MBSD has the higher dividend yield at 4.19%, compared with 3.99% for AGZD.
MBSD is categorized as Mortgage Backed Securities, while AGZD is Nontraditional Bonds. MBSD tracks ICE BofA Constrained Duration US Mortgage Backed Securities, while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: Northern Trust and WisdomTree. Their fees differ too: 0.20% for MBSD and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.96 vs 1.31), 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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