WTMY vs. AGZD
WTMY (WisdomTree High Income Laddered Municipal ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - WTMY is a High Yield Muni fund actively managed by WisdomTree, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. WTMY is actively managed, while AGZD is passively managed. Over the past year, WTMY returned 6.14% vs 5.26% for AGZD. At a correlation of -0.06, they often move in opposite directions. WTMY charges 0.35%/yr vs 0.23%/yr for AGZD.
Performance
WTMY vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, WTMY achieves a 1.07% return, which is significantly lower than AGZD's 2.22% return.
WTMY
- 1D
- 0.10%
- 1M
- 0.62%
- YTD
- 1.07%
- 6M
- 1.31%
- 1Y
- 6.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AGZD
- 1D
- -0.18%
- 1M
- 0.67%
- YTD
- 2.22%
- 6M
- 2.64%
- 1Y
- 5.26%
- 3Y*
- 6.02%
- 5Y*
- 4.32%
- 10Y*
- 3.15%
WTMY vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WTMY WisdomTree High Income Laddered Municipal ETF | 1.07% | 3.68% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.22% | 3.97% |
Correlation
The correlation between WTMY and AGZD is -0.05, 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 | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | -0.06 |
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Return for Risk
WTMY vs. AGZD — Risk / Return Rank
WTMY
AGZD
WTMY vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree High Income Laddered Municipal ETF (WTMY) 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.
| WTMY | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.36 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 6.09 | -3.82 |
| Martin ratioReturn relative to average drawdown | 6.83 | 19.08 | -12.25 |
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
| WTMY | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 1.83 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.64 | +0.51 |
Drawdowns
WTMY vs. AGZD - Drawdown Comparison
The maximum WTMY drawdown since its inception was -3.67%, smaller than the maximum AGZD drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for WTMY and AGZD.
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Drawdown Indicators
| WTMY | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.67% | -8.46% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -0.87% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | -1.02% | -0.39% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -0.77% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.28% | +0.62% |
Volatility
WTMY vs. AGZD - Volatility Comparison
The current volatility for WisdomTree High Income Laddered Municipal ETF (WTMY) is 0.93%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.03%. This indicates that WTMY 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
| WTMY | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.03% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 1.99% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.54% | 2.89% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.57% | 3.59% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 3.72% | -0.15% |
WTMY vs. AGZD - Expense Ratio Comparison
WTMY has a 0.35% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Dividends
WTMY vs. AGZD - Dividend Comparison
WTMY's dividend yield for the trailing twelve months is around 3.43%, less 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% |
WTMY WisdomTree High Income Laddered Municipal ETF | 3.43% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTMY and AGZD have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGZD has higher volatility (1.03%) compared to WTMY (0.93%). In terms of maximum drawdown, WTMY dropped -3.67% vs AGZD's -8.46%.
On 1-year performance, WTMY leads with 6.14% vs 5.26% for AGZD. On fees, AGZD is cheaper at 0.23% per year. On volatility, WTMY has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WTMY has performed better with a 6.14% return vs 5.26%. 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 0.35% for WTMY.
AGZD has the higher dividend yield at 3.99%, compared with 3.43% for WTMY.
WTMY is categorized as High Yield Muni, while AGZD is Nontraditional Bonds. Their fees differ too: 0.35% for WTMY and 0.23% for AGZD.
WTMY currently has the higher Sharpe Ratio (2.45 vs 1.83), 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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