VBIPX vs. AGZD
VBIPX (Vanguard Short-Term Bond Index Fund Institutional Plus) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both funds - VBIPX is a Total Bond Market fund managed by Vanguard, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. Over the past 10 years, VBIPX returned 1.90%/yr vs 3.17%/yr for AGZD. At a correlation of -0.14, they often move in opposite directions. VBIPX charges 0.04%/yr vs 0.23%/yr for AGZD.
Performance
VBIPX vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, VBIPX achieves a 0.32% return, which is significantly lower than AGZD's 2.40% return. Over the past 10 years, VBIPX has underperformed AGZD with an annualized return of 1.90%, while AGZD has yielded a comparatively higher 3.17% annualized return.
VBIPX
- 1D
- -0.10%
- 1M
- -0.04%
- YTD
- 0.32%
- 6M
- 0.66%
- 1Y
- 3.77%
- 3Y*
- 4.36%
- 5Y*
- 1.53%
- 10Y*
- 1.90%
AGZD
- 1D
- 0.05%
- 1M
- 0.73%
- YTD
- 2.40%
- 6M
- 3.10%
- 1Y
- 5.40%
- 3Y*
- 6.08%
- 5Y*
- 4.37%
- 10Y*
- 3.17%
VBIPX vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 0.32% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 4.73% | 4.89% | 1.38% | 1.21% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.40% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.31% | 4.65% | 0.18% | 2.62% |
Correlation
The correlation between VBIPX and AGZD is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | -0.14 |
The correlation between VBIPX and AGZD shifts across timeframes, from -0.19 (5 years) to 0.00 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBIPX vs. AGZD — Risk / Return Rank
VBIPX
AGZD
VBIPX vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) 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.
| VBIPX | AGZD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 1.88 | -0.25 |
Sortino ratioReturn per unit of downside risk | 2.76 | 2.79 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.66 | 6.28 | -3.62 |
Martin ratioReturn relative to average drawdown | 8.79 | 19.78 | -11.00 |
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
| VBIPX | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.88 | -0.25 |
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 | 0.79 | 0.86 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.65 | +0.14 |
Drawdowns
VBIPX vs. AGZD - Drawdown Comparison
The maximum VBIPX drawdown since its inception was -8.72%, roughly equal to the maximum AGZD drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for VBIPX and AGZD.
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Drawdown Indicators
| VBIPX | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -8.46% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -0.87% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -1.54% | -1.71% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -8.69% | -2.23% | -6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -8.46% | -0.26% |
Current DrawdownCurrent decline from peak | -0.62% | -0.22% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -0.77% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.28% | +0.19% |
Volatility
VBIPX vs. AGZD - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) is 0.70%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.02%. This indicates that VBIPX 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
| VBIPX | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.02% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.99% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 2.88% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.96% | 3.58% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.40% | 3.72% | -1.32% |
VBIPX vs. AGZD - Expense Ratio Comparison
VBIPX has a 0.04% 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
VBIPX vs. AGZD - Dividend Comparison
VBIPX's dividend yield for the trailing twelve months is around 4.02%, more than AGZD's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.98% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 4.02% | 3.86% | 3.40% | 2.01% | 1.40% | 1.26% | 1.82% | 2.27% | 2.04% | 1.69% | 1.53% | 1.46% |
Frequently Asked Questions
VBIPX and AGZD have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.02%) compared to VBIPX (0.70%). In terms of maximum drawdown, VBIPX dropped -8.72% vs AGZD's -8.46%.
AGZD currently has the higher Sharpe Ratio (1.88 vs 1.63), 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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