UNIY vs. MAGG

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) and Madison Aggregate Bond ETF (MAGG).

UNIY and MAGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UNIY is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg US Universal Enhanced Yield Index. It was launched on Feb 3, 2023. MAGG is an actively managed fund by Madison. It was launched on Aug 28, 2023.

Performance

UNIY vs. MAGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) and Madison Aggregate Bond ETF (MAGG). The values are adjusted to include any dividend payments, if applicable.

UNIY vs. MAGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund	-0.08%	7.37%	1.86%	4.61%
MAGG Madison Aggregate Bond ETF	0.05%	7.28%	1.81%	4.42%

Returns By Period

In the year-to-date period, UNIY achieves a -0.08% return, which is significantly lower than MAGG's 0.05% return.

UNIY

• 1D: 0.03%
• 1M: -1.40%
• YTD: -0.08%
• 6M: 0.63%
• 1Y: 4.39%
• 3Y*: 4.16%
• 5Y*: —
• 10Y*: —

MAGG

• 1D: 0.12%
• 1M: -1.28%
• YTD: 0.05%
• 6M: 1.12%
• 1Y: 4.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UNIY vs. MAGG - Expense Ratio Comparison

UNIY has a 0.15% expense ratio, which is lower than MAGG's 0.40% expense ratio.

MAGG

Madison Aggregate Bond ETF

UNIY

WisdomTree Voya Yield Enchanced USD Universal Bond Fund

Return for Risk

UNIY vs. MAGG — Risk / Return Rank

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

UNIY

UNIY Risk / Return Rank: 53
UNIY Sharpe Ratio Rank: 54
UNIY Sortino Ratio Rank: 49
UNIY Omega Ratio Rank: 44
UNIY Calmar Ratio Rank: 65
UNIY Martin Ratio Rank: 52

MAGG

MAGG Risk / Return Rank: 53
MAGG Sharpe Ratio Rank: 54
MAGG Sortino Ratio Rank: 53
MAGG Omega Ratio Rank: 45
MAGG Calmar Ratio Rank: 67
MAGG Martin Ratio Rank: 46

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.

UNIY vs. MAGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) and Madison Aggregate Bond ETF (MAGG). 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.

	UNIY	MAGG	Difference
Sharpe ratio Return per unit of total volatility	1.03	1.02	+0.01
Sortino ratio Return per unit of downside risk	1.43	1.48	-0.06
Omega ratio Gain probability vs. loss probability	1.18	1.19	0.00
Calmar ratio Return relative to maximum drawdown	1.87	1.93	-0.06
Martin ratio Return relative to average drawdown	5.84	4.94	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UNIY vs. MAGG - Sharpe Ratio Comparison

The current UNIY Sharpe Ratio is 1.03, which is comparable to the MAGG Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of UNIY and MAGG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UNIY	MAGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.02	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.09	-0.25

Correlation

The correlation between UNIY and MAGG is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

UNIY vs. MAGG - Dividend Comparison

UNIY's dividend yield for the trailing twelve months is around 4.91%, more than MAGG's 4.74% yield.

	TTM	2025	2024	2023
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund	4.91%	4.95%	4.86%	3.99%
MAGG Madison Aggregate Bond ETF	4.74%	4.80%	5.13%	1.49%

Drawdowns

UNIY vs. MAGG - Drawdown Comparison

The maximum UNIY drawdown since its inception was -6.27%, which is greater than MAGG's maximum drawdown of -4.56%. Use the drawdown chart below to compare losses from any high point for UNIY and MAGG.

Drawdown Indicators

	UNIY	MAGG	Difference
Max Drawdown Largest peak-to-trough decline	-6.27%	-4.56%	-1.71%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-2.53%	0.00%
Current Drawdown Current decline from peak	-1.66%	-1.62%	-0.04%
Average Drawdown Average peak-to-trough decline	-1.39%	-1.24%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	0.99%	-0.18%

Volatility

UNIY vs. MAGG - Volatility Comparison

WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) has a higher volatility of 1.65% compared to Madison Aggregate Bond ETF (MAGG) at 1.55%. This indicates that UNIY's price experiences larger fluctuations and is considered to be riskier than MAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UNIY	MAGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.65%	1.55%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	2.99%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	4.28%	4.50%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.90%	4.82%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.90%	4.82%	+0.08%