STIP vs. AGZD
STIP (iShares 0-5 Year TIPS Bond ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - STIP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), 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, STIP returned 3.07%/yr vs 3.26%/yr for AGZD. At a correlation of -0.09, they often move in opposite directions. STIP charges 0.06%/yr vs 0.23%/yr for AGZD.
Performance
STIP vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 1.34% return, which is significantly lower than AGZD's 2.29% return. Over the past 10 years, STIP has underperformed AGZD with an annualized return of 3.07%, while AGZD has yielded a comparatively higher 3.26% annualized return.
STIP
- 1D
- 0.01%
- 1M
- -0.29%
- YTD
- 1.34%
- 6M
- 1.51%
- 1Y
- 3.58%
- 3Y*
- 4.99%
- 5Y*
- 3.28%
- 10Y*
- 3.07%
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%
STIP vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 1.34% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
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 STIP and AGZD is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | -0.09 |
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Return for Risk
STIP vs. AGZD — Risk / Return Rank
STIP
AGZD
STIP vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) 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.
| STIP | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.38 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | 7.57 | -2.61 |
| Martin ratioReturn relative to average drawdown | 18.20 | 22.52 | -4.32 |
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Drawdowns
STIP vs. AGZD - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum AGZD drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for STIP and AGZD.
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Drawdown Indicators
| STIP | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -8.46% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -0.73% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -1.71% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -2.23% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | -8.46% | +2.96% |
Current DrawdownCurrent decline from peak | -0.72% | -0.56% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -0.77% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.25% | -0.05% |
Volatility
STIP vs. AGZD - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.64%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.15%. This indicates that STIP 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
| STIP | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.15% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | 2.08% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 2.84% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 3.60% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.46% | 3.72% | -1.26% |
STIP vs. AGZD - Expense Ratio Comparison
STIP has a 0.06% 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
STIP vs. AGZD - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.33%, 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% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.33% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% |
Frequently Asked Questions
STIP and AGZD have a correlation of -0.13, 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 STIP (0.64%). In terms of maximum drawdown, STIP dropped -5.50% vs AGZD's -8.46%.
On 10-year performance, AGZD leads with 3.26% vs 3.07% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.64%. 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 3.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.23% for AGZD.
STIP has the higher dividend yield at 4.33%, compared with 3.99% for AGZD.
STIP is categorized as Inflation-Protected Bonds, while AGZD is Nontraditional Bonds. STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while AGZD tracks Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.06% for STIP and 0.23% for AGZD.
STIP currently has the higher Sharpe Ratio (2.34 vs 1.96), 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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