AGZD vs SPY
AGZD vs SPY
WisdomTree Interest Rate Hedged US Aggregate Bond Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. AGZD offers more diversification with 1254 holdings.
Side-by-Side Comparison
| Metric | AGZD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.23% | 0.09% | |
| AUM | $133M | $789.1B | |
| Dividend Yield | 4.00% | 1.01% | |
| Holdings | 1,368 | 505 | |
| YTD Return | +2.95% | +9.93% | |
| 1Y Return | +5.42% | +19.50% | |
| 3Y Return (annualized) | +5.64% | +19.33% | |
| 5Y Return (annualized) | +4.43% | +12.82% | |
| Volatility (annualized) | 2.1% | 15.3% | |
| Max Drawdown | -13.1% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Dec 18, 2013 | Jan 22, 1993 |
AGZD vs SPY Performance
WisdomTree Interest Rate Hedged US Aggregate Bond Fund (AGZD) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year AGZD returned +5.42% while SPY returned +19.50%. Year to date, AGZD is up 2.95% versus a gain of 9.93% for SPY.
Over three years, AGZD compounded at +5.64% per year against +19.33% for SPY; over five years the annualized figures are +4.43% and +12.82% respectively. Across the full 13-year window we track, SPY has the edge at +8.74% annualized vs +1.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.1% for AGZD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.1% for AGZD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AGZD charges 0.23% per year while SPY charges 0.09%. On a $10,000 position that is $23 vs $9 annually, a gap of $14 per year that compounds over a long holding period. On income, AGZD currently yields 4.00% against 1.01% for SPY.
Holdings Overlap
AGZD and SPY share 0 holdings out of 1757 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AGZD or SPY?
AGZD has an expense ratio of 0.23% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, AGZD or SPY?
Over the past year AGZD returned +5.42% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (13 years), AGZD annualized +1.26% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, AGZD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.1% for AGZD. Worst drawdown: AGZD -13.1% vs SPY -56.5%.
Should I hold both AGZD and SPY?
AGZD and SPY have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AGZD and SPY?
AGZD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1757 unique securities.
Which pays a higher dividend, AGZD or SPY?
AGZD yields 4.00% while SPY yields 1.01%, so AGZD currently pays the higher dividend yield.
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