RAAX vs. AGZD
RAAX (VanEck Inflation Allocation ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - RAAX is a Diversified Portfolio fund actively managed by VanEck, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. RAAX is actively managed, while AGZD is passively managed. Over the past 5 years, RAAX returned 13.54%/yr vs 4.32%/yr for AGZD. At a 0.05 correlation, their price movements are largely independent. RAAX charges 0.78%/yr vs 0.23%/yr for AGZD.
Performance
RAAX vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, RAAX achieves a 19.15% return, which is significantly higher than AGZD's 2.22% return.
RAAX
- 1D
- 0.39%
- 1M
- -1.28%
- YTD
- 19.15%
- 6M
- 19.65%
- 1Y
- 37.19%
- 3Y*
- 22.13%
- 5Y*
- 13.54%
- 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%
RAAX vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RAAX VanEck Inflation Allocation ETF | 19.15% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.22% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 4.65% | 0.61% |
Correlation
The correlation between RAAX and AGZD is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2018 | 0.05 |
The correlation between RAAX and AGZD shifts across timeframes, from -0.09 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RAAX vs. AGZD — Risk / Return Rank
RAAX
AGZD
RAAX vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) 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.
| RAAX | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.36 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | 6.09 | -0.45 |
| Martin ratioReturn relative to average drawdown | 21.06 | 19.08 | +1.99 |
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
| RAAX | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 1.83 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 1.21 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.64 | -0.03 |
Drawdowns
RAAX vs. AGZD - Drawdown Comparison
The maximum RAAX drawdown since its inception was -33.91%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for RAAX and AGZD.
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Drawdown Indicators
| RAAX | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -8.46% | -25.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.62% | -0.87% | -5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -1.71% | -9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -2.23% | -21.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | -2.53% | -0.39% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -0.77% | -6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 0.28% | +1.49% |
Volatility
RAAX vs. AGZD - Volatility Comparison
VanEck Inflation Allocation ETF (RAAX) has a higher volatility of 2.95% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.03%. This indicates that RAAX'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
| RAAX | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 1.03% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 1.99% | +9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.60% | 2.89% | +10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 3.59% | +12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 3.72% | +12.04% |
RAAX vs. AGZD - Expense Ratio Comparison
RAAX has a 0.78% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
RAAX vs. AGZD - Dividend Comparison
RAAX's dividend yield for the trailing twelve months is around 1.96%, 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% |
RAAX VanEck Inflation Allocation ETF | 1.96% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RAAX and AGZD have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RAAX has higher volatility (2.95%) compared to AGZD (1.03%). In terms of maximum drawdown, RAAX dropped -33.91% vs AGZD's -8.46%.
On 5-year performance, RAAX leads with 13.54% vs 4.32% for AGZD. On fees, AGZD is cheaper at 0.23% 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, RAAX has performed better with a 13.54% return vs 4.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGZD is cheaper with a 0.23% expense ratio, compared with 0.78% for RAAX.
AGZD has the higher dividend yield at 3.99%, compared with 1.96% for RAAX.
RAAX is categorized as Diversified Portfolio, while AGZD is Nontraditional Bonds. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.78% for RAAX and 0.23% for AGZD.
RAAX currently has the higher Sharpe Ratio (2.75 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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