TAGG vs. UNIY
TAGG (T. Rowe Price QM U.S. Bond ETF) and UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) are both Intermediate Core Bond funds. TAGG is actively managed, while UNIY is passively managed. Over the past 3 years, TAGG returned 4.06%/yr vs 4.59%/yr for UNIY. Their correlation of 0.91 suggests significant overlap in exposure. TAGG charges 0.08%/yr vs 0.15%/yr for UNIY.
Performance
TAGG vs. UNIY - Performance Comparison
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Returns By Period
In the year-to-date period, TAGG achieves a 0.29% return, which is significantly lower than UNIY's 0.55% return.
TAGG
- 1D
- 0.12%
- 1M
- 0.15%
- YTD
- 0.29%
- 6M
- 0.50%
- 1Y
- 4.52%
- 3Y*
- 4.06%
- 5Y*
- —
- 10Y*
- —
UNIY
- 1D
- 0.14%
- 1M
- 0.32%
- YTD
- 0.55%
- 6M
- 0.61%
- 1Y
- 5.12%
- 3Y*
- 4.59%
- 5Y*
- —
- 10Y*
- —
TAGG vs. UNIY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TAGG T. Rowe Price QM U.S. Bond ETF | 0.29% | 7.40% | 1.73% | 2.85% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 0.55% | 7.37% | 1.86% | 3.90% |
Correlation
The correlation between TAGG and UNIY is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | 0.91 |
The correlation between TAGG and UNIY has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
TAGG vs. UNIY — Risk / Return Rank
TAGG
UNIY
TAGG vs. UNIY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond ETF (TAGG) and WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY). 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.
| TAGG | UNIY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.03 | -0.61 |
| Martin ratioReturn relative to average drawdown | 4.20 | 6.31 | -2.12 |
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
| TAGG | UNIY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.40 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.85 | -0.81 |
Drawdowns
TAGG vs. UNIY - Drawdown Comparison
The maximum TAGG drawdown since its inception was -17.26%, which is greater than UNIY's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for TAGG and UNIY.
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Drawdown Indicators
| TAGG | UNIY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -6.27% | -10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -2.53% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -6.40% | -5.40% | -1.00% |
Current DrawdownCurrent decline from peak | -1.92% | -1.04% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -1.38% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.81% | +0.27% |
Volatility
TAGG vs. UNIY - Volatility Comparison
T. Rowe Price QM U.S. Bond ETF (TAGG) and WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) have volatilities of 1.19% and 1.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAGG | UNIY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.25% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.71% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 3.70% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 4.85% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.53% | 4.85% | +1.68% |
TAGG vs. UNIY - Expense Ratio Comparison
TAGG has a 0.08% expense ratio, which is lower than UNIY's 0.15% 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
TAGG vs. UNIY - Dividend Comparison
TAGG's dividend yield for the trailing twelve months is around 4.58%, less than UNIY's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TAGG T. Rowe Price QM U.S. Bond ETF | 4.58% | 4.36% | 4.36% | 3.48% | 3.67% | 0.33% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 4.85% | 4.95% | 4.86% | 3.99% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, TAGG and UNIY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UNIY has higher volatility (1.25%) compared to TAGG (1.19%). In terms of maximum drawdown, TAGG dropped -17.26% vs UNIY's -6.27%.
On 3-year performance, UNIY leads with 4.59% vs 4.06% for TAGG. On fees, TAGG is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UNIY has performed better with a 4.59% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAGG is cheaper with a 0.08% expense ratio, compared with 0.15% for UNIY.
UNIY has the higher dividend yield at 4.85%, compared with 4.58% for TAGG.
They also come from different issuers: T. Rowe Price and WisdomTree. Their fees differ too: 0.08% for TAGG and 0.15% for UNIY.
UNIY currently has the higher Sharpe Ratio (1.40 vs 1.21), 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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