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SHRY vs. AGZD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHRY vs. AGZD

Last updated Jun 5, 2026

SHRY (First Trust Bloomberg Shareholder Yield ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - SHRY is a Large Cap Blend Equities fund tracking the Bloomberg Shareholder Yield Index - Benchmark TR Gross, 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, SHRY returned 8.06%/yr vs 4.35%/yr for AGZD. At a 0.13 correlation, their price movements are largely independent. SHRY charges 0.60%/yr vs 0.23%/yr for AGZD.

Performance

SHRY vs. AGZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Shareholder Yield ETF (SHRY) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SHRY achieves a 5.17% return, which is significantly higher than AGZD's 2.38% return.

SHRY

1D
0.90%
1M
0.14%
YTD
5.17%
6M
6.16%
1Y
7.77%
3Y*
14.48%
5Y*
8.06%
10Y*
—

AGZD

1D
0.15%
1M
0.56%
YTD
2.38%
6M
2.79%
1Y
5.37%
3Y*
6.14%
5Y*
4.35%
10Y*
3.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SHRY vs. AGZD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SHRY
First Trust Bloomberg Shareholder Yield ETF		5.17%7.29%17.27%17.47%-14.21%30.50%11.86%30.69%-9.35%10.12%
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund		2.38%4.35%6.64%7.15%1.17%0.69%0.31%4.65%0.18%2.47%

Correlation

The correlation between SHRY 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 (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2017

0.13

The correlation between SHRY and AGZD shifts across timeframes, from 0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Bloomberg Shareholder Yield ETF

WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund

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Return for Risk

SHRY vs. AGZD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHRY
SHRY Risk / Return Rank: 2222
Overall Rank
SHRY Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
SHRY Sortino Ratio Rank: 2121
Sortino Ratio Rank
SHRY Omega Ratio Rank: 2121
Omega Ratio Rank
SHRY Calmar Ratio Rank: 2424
Calmar Ratio Rank
SHRY Martin Ratio Rank: 2323
Martin Ratio Rank
AGZD
AGZD Risk / Return Rank: 7171
Overall Rank
AGZD Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
AGZD Sortino Ratio Rank: 6060
Sortino Ratio Rank
AGZD Omega Ratio Rank: 6161
Omega Ratio Rank
AGZD Calmar Ratio Rank: 9292
Calmar Ratio Rank
AGZD Martin Ratio Rank: 8989
Martin Ratio Rank
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.

SHRY vs. AGZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Shareholder Yield ETF (SHRY) 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.

SHRYAGZDDifference
Sharpe ratioReturn per unit of total volatility
0.72
1.87

-1.14

Sortino ratioReturn per unit of downside risk
1.09
2.77

-1.67

Omega ratioGain probability vs. loss probability

1.13

1.37

-0.24

Calmar ratioReturn relative to maximum drawdown

1.08

6.22

-5.14

Martin ratioReturn relative to average drawdown

2.97

19.58

-16.61

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHRY vs. AGZD - Sharpe Ratio Comparison

The current SHRY Sharpe Ratio is 0.72, which is lower than the AGZD Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of SHRY 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.

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Sharpe Ratios by Period

SHRYAGZDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

1.87

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

1.22

-0.70

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.65

-0.04

Drawdowns

SHRY vs. AGZD - Drawdown Comparison

The maximum SHRY drawdown since its inception was -36.67%, which is greater than AGZD's maximum drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for SHRY and AGZD.

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Drawdown Indicators

SHRYAGZDDifference

Max Drawdown

Largest peak-to-trough decline

-36.67%

-8.46%

-28.21%

Max Drawdown (1Y)

Largest decline over 1 year

-7.20%

-0.87%

-6.33%

Max Drawdown (3Y)

Largest decline over 3 years

-15.34%

-1.71%

-13.63%

Max Drawdown (5Y)

Largest decline over 5 years

-23.94%

-2.23%

-21.71%

Max Drawdown (10Y)

Largest decline over 10 years

—

-8.46%

—

Current Drawdown

Current decline from peak

-2.87%

-0.24%

-2.63%

Average Drawdown

Average peak-to-trough decline

-5.03%

-0.77%

-4.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

0.28%

+2.34%

Volatility

SHRY vs. AGZD - Volatility Comparison

First Trust Bloomberg Shareholder Yield ETF (SHRY) has a higher volatility of 2.48% compared to WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) at 1.01%. This indicates that SHRY'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

SHRYAGZDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.48%

1.01%

+1.47%

Volatility (6M)

Calculated over the trailing 6-month period

7.55%

1.97%

+5.58%

Volatility (1Y)

Calculated over the trailing 1-year period

10.79%

2.89%

+7.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.67%

3.59%

+12.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.18%

3.72%

+14.46%

SHRY vs. AGZD - Expense Ratio Comparison

SHRY has a 0.60% expense ratio, which is higher than AGZD's 0.23% expense ratio.

Dividends

SHRY vs. AGZD - Dividend Comparison

SHRY's dividend yield for the trailing twelve months is around 1.68%, less than AGZD's 3.98% yield.

PositionTTM20252024202320222021202020192018201720162015
AGZD
WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund		3.98%4.12%3.96%6.07%8.61%1.66%2.28%2.83%2.62%2.31%1.81%1.66%
SHRY
First Trust Bloomberg Shareholder Yield ETF		1.68%1.73%1.76%1.49%1.52%0.98%1.65%1.54%1.89%0.55%0.00%0.00%

Frequently Asked Questions

SHRY 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.

SHRY has higher volatility (2.48%) compared to AGZD (1.01%). In terms of maximum drawdown, SHRY dropped -36.67% vs AGZD's -8.46%.

On 5-year performance, SHRY leads with 8.06% vs 4.35% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, AGZD has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SHRY has performed better with a 8.06% return vs 4.35%. 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 0.60% for SHRY.

AGZD has the higher dividend yield at 3.98%, compared with 1.68% for SHRY.

SHRY is categorized as Large Cap Blend Equities, while AGZD is Nontraditional Bonds. SHRY tracks Bloomberg Shareholder Yield Index - Benchmark TR Gross, while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.60% for SHRY and 0.23% for AGZD.

AGZD currently has the higher Sharpe Ratio (1.87 vs 0.72), 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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