MIG vs. AGZD
MIG (VanEck Moody's Analytics IG Corporate Bond ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - MIG is a Corporate Bonds fund tracking the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), 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 5 years, MIG returned 0.97%/yr vs 4.32%/yr for AGZD. At a correlation of -0.11, they often move in opposite directions. MIG charges 0.20%/yr vs 0.23%/yr for AGZD.
Performance
MIG vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, MIG achieves a 0.39% return, which is significantly lower than AGZD's 2.22% return.
MIG
- 1D
- -0.19%
- 1M
- 0.41%
- YTD
- 0.39%
- 6M
- -0.01%
- 1Y
- 5.37%
- 3Y*
- 5.64%
- 5Y*
- 0.97%
- 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%
MIG vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 0.39% | 7.34% | 3.38% | 8.88% | -14.51% | -0.02% | 1.26% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.22% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.03% |
Correlation
The correlation between MIG and AGZD is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | -0.11 |
The correlation between MIG and AGZD shifts across timeframes, from -0.12 (5 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MIG vs. AGZD — Risk / Return Rank
MIG
AGZD
MIG vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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.
| MIG | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 6.09 | -4.19 |
| Martin ratioReturn relative to average drawdown | 5.24 | 19.08 | -13.84 |
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
| MIG | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.83 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 1.21 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.64 | -0.50 |
Drawdowns
MIG vs. AGZD - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.98%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for MIG and AGZD.
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Drawdown Indicators
| MIG | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -8.46% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -0.87% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -1.71% | -3.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | -2.23% | -18.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | -1.24% | -0.39% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -0.77% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.28% | +0.75% |
Volatility
MIG vs. AGZD - Volatility Comparison
VanEck Moody's Analytics IG Corporate Bond ETF (MIG) has a higher volatility of 1.47% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.03%. This indicates that MIG'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
| MIG | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.03% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 1.99% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 2.89% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 3.59% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 3.72% | +2.50% |
MIG vs. AGZD - Expense Ratio Comparison
MIG 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
MIG vs. AGZD - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.78%, 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% |
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.78% | 4.81% | 4.68% | 4.38% | 3.06% | 2.15% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MIG and AGZD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIG has higher volatility (1.47%) compared to AGZD (1.03%). In terms of maximum drawdown, MIG dropped -20.98% vs AGZD's -8.46%.
On 5-year performance, AGZD leads with 4.32% vs 0.97% for MIG. On fees, MIG is cheaper at 0.20% 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 5-year period, AGZD has performed better with a 4.32% return vs 0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MIG is cheaper with a 0.20% expense ratio, compared with 0.23% for AGZD.
MIG has the higher dividend yield at 4.78%, compared with 3.99% for AGZD.
MIG is categorized as Corporate Bonds, while AGZD is Nontraditional Bonds. MIG tracks MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.20% for MIG and 0.23% for AGZD.
AGZD currently has the higher Sharpe Ratio (1.83 vs 1.27), 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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