QBF vs. AGZD

Last updated Jun 24, 2026

QBF (Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - QBF is a Blockchain fund actively managed by Innovator, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. QBF is actively managed, while AGZD is passively managed. Over the past year, QBF returned -37.30% vs 5.52% for AGZD. At a 0.00 correlation, their price movements are largely independent. QBF charges 0.79%/yr vs 0.23%/yr for AGZD.

Performance

QBF vs. AGZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) 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, QBF achieves a -27.01% return, which is significantly lower than AGZD's 2.29% return.

QBF

• 1D: -3.18%
• 1M: -14.78%
• YTD: -27.01%
• 6M: -27.39%
• 1Y: -37.30%
• 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)

QBF vs. AGZD - Yearly Performance Comparison

	2026 (YTD)	2025
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly	-27.01%	-14.76%
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund	2.29%	3.81%

Correlation

The correlation between QBF and AGZD is -0.01, 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	-0.01
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.00

Return for Risk

QBF vs. AGZD — Risk / Return Rank

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

QBF

QBF Risk / Return Rank: 1
QBF Sharpe Ratio Rank: 0
QBF Sortino Ratio Rank: 0
QBF Omega Ratio Rank: 1
QBF Calmar Ratio Rank: 2
QBF Martin Ratio Rank: 1

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.

QBF vs. AGZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) 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.

	QBF	AGZD	Difference
Sharpe ratio: Return per unit of total volatility	-1.38	1.96	-3.33
Sortino ratio: Return per unit of downside risk	-2.08	2.90	-4.97
Omega ratio: Gain probability vs. loss probability	0.78	1.38	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.81	7.57	-8.38
Martin ratio: Return relative to average drawdown	-1.43	22.52	-23.95

QBF vs. AGZD - Sharpe Ratio Comparison

The current QBF Sharpe Ratio is -1.38, which is lower than the AGZD Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of QBF 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

QBF vs. AGZD - Drawdown Comparison

The maximum QBF drawdown since its inception was -46.35%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for QBF and AGZD.

Drawdown Indicators

	QBF	AGZD	Difference
Max Drawdown Largest peak-to-trough decline	-46.35%	-8.46%	-37.89%
Max Drawdown (1Y) Largest decline over 1 year	-46.35%	-0.73%	-45.62%
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	-45.44%	-0.56%	-44.88%
Average Drawdown Average peak-to-trough decline	-17.82%	-0.77%	-17.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.21%	0.25%	+25.96%

Volatility

QBF vs. AGZD - Volatility Comparison

Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly (QBF) has a higher volatility of 10.57% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.15%. This indicates that QBF'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.

Volatility by Period

	QBF	AGZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.57%	1.15%	+9.42%
Volatility (6M) Calculated over the trailing 6-month period	20.27%	2.08%	+18.19%
Volatility (1Y) Calculated over the trailing 1-year period	27.20%	2.84%	+24.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.01%	3.60%	+25.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.01%	3.72%	+25.29%

QBF vs. AGZD - Expense Ratio Comparison

QBF has a 0.79% expense ratio, which is higher than AGZD's 0.23% expense ratio.

Dividends

QBF vs. AGZD - Dividend Comparison

QBF's dividend yield for the trailing twelve months is around 1.89%, 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%
QBF Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly	1.89%	1.38%	0.00%	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 QBF and AGZD in my portfolio?

QBF and AGZD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBF or AGZD?

QBF has higher volatility (10.57%) compared to AGZD (1.15%). In terms of maximum drawdown, QBF dropped -46.35% vs AGZD's -8.46%.

Which ETF is better, QBF or AGZD?

On 1-year performance, AGZD leads with 5.52% vs -37.30% for QBF. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBF or AGZD?

Over the 1-year period, AGZD has performed better with a 5.52% return vs -37.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBF or AGZD?

AGZD is cheaper with a 0.23% expense ratio, compared with 0.79% for QBF.

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

AGZD has the higher dividend yield at 3.99%, compared with 1.89% for QBF.

What is the main difference between QBF and AGZD?

QBF is categorized as Blockchain, while AGZD is Nontraditional Bonds. They also come from different issuers: Innovator and WisdomTree. Their fees differ too: 0.79% for QBF and 0.23% for AGZD.

Which has better risk-adjusted returns?

AGZD currently has the higher Sharpe Ratio (1.96 vs -1.38), 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.