- Issuer
- WisdomTree
- Inception Date
- May 6, 2021
- Region
- North America (U.S.)
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- Gapstow Liquid Alternative Credit Index
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Assets Under Management
- $50M
Share Price Chart
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Performance
HYIN Performance Chart
WisdomTree Alternative Income Fund (HYIN) is down 7.6% since the beginning of the year. HYIN is currently trading at $14 per share. Investors who bought $1,000 worth of HYIN shares 5 years ago would now be looking at an investment worth $946.
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Returns By Period
WisdomTree Alternative Income Fund (HYIN) has returned -7.55% so far this year and -7.28% over the past 12 months.
WisdomTree Alternative Income Fund
- 1D
- -0.92%
- 1M
- -1.38%
- YTD
- -7.55%
- 6M
- -7.18%
- 1Y
- -7.28%
- 3Y*
- 3.99%
- 5Y*
- -1.11%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HYIN Monthly Returns History
Based on dividend-adjusted daily data since May 6, 2021, HYIN's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.
Historically, 50% of months were positive and 50% were negative. The best month was Jan 2023 with a return of +13.8%, while the worst month was Sep 2022 at -17.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HYIN closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +6.0%, while the worst single day was Jun 13, 2022 at -6.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.29% | -6.03% | -0.63% | 5.21% | -3.42% | -2.85% | -7.55% | ||||||
| 2025 | 2.73% | 2.49% | -3.17% | -4.28% | 0.99% | 3.07% | -0.34% | 3.53% | -3.64% | -2.38% | 1.81% | -0.83% | -0.46% |
| 2024 | -0.75% | -0.43% | 3.71% | -2.81% | 3.01% | 1.13% | 5.06% | 0.17% | 1.04% | -3.01% | 2.93% | -2.52% | 7.39% |
| 2023 | 13.84% | -3.14% | -6.45% | 1.94% | -1.88% | 8.43% | 5.20% | -1.17% | -2.70% | -5.93% | 9.33% | 4.68% | 21.84% |
| 2022 | -0.22% | -4.90% | 2.24% | -7.13% | 0.53% | -8.98% | 12.50% | -5.89% | -17.46% | 10.93% | 5.86% | -6.78% | -21.14% |
| 2021 | 0.99% | 1.88% | -1.36% | 2.01% | -1.31% | 3.11% | -4.47% | 2.07% | 2.73% |
Benchmark Metrics
WisdomTree Alternative Income Fund has an annualized alpha of -7.79%, beta of 0.70, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since May 06, 2021.
- This ETF participated in 108.76% of S&P 500 Index downside but only 59.96% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -7.79% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -7.79%
- Beta
- 0.70
- R²
- 0.50
- Upside Capture
- 59.96%
- Downside Capture
- 108.76%
Expense Ratio
HYIN has a high expense ratio of 3.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HYIN ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYIN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.37 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.78 | -3.26 |
| Martin ratioReturn relative to average drawdown | -0.95 | 12.44 | -13.39 |
Dividends
Dividend History
WisdomTree Alternative Income Fund provided a 13.60% dividend yield over the last twelve months, with an annual payout of $1.90 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.90 | $2.00 | $2.26 | $2.21 | $1.99 | $1.02 |
Dividend yield | 13.60% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% |
Monthly Dividends
The table displays the monthly dividend distributions for WisdomTree Alternative Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.16 | $0.16 | $0.16 | $0.15 | $0.14 | $0.00 | $0.76 | ||||||
| 2025 | $0.17 | $0.17 | $0.18 | $0.18 | $0.18 | $0.15 | $0.14 | $0.13 | $0.17 | $0.17 | $0.17 | $0.23 | $2.00 |
| 2024 | $0.19 | $0.20 | $0.19 | $0.16 | $0.18 | $0.20 | $0.17 | $0.19 | $0.20 | $0.16 | $0.22 | $0.22 | $2.26 |
| 2023 | $0.18 | $0.16 | $0.20 | $0.19 | $0.19 | $0.16 | $0.17 | $0.18 | $0.21 | $0.17 | $0.25 | $0.20 | $2.21 |
| 2022 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.49 | $0.16 | $0.12 | $0.17 | $1.99 |
| 2021 | $0.53 | $0.00 | $0.00 | $0.49 | $1.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the WisdomTree Alternative Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the WisdomTree Alternative Income Fund was 31.10%, occurring on Oct 10, 2022. Recovery took 439 trading sessions.
The current WisdomTree Alternative Income Fund drawdown is 13.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -31.10%Oct 2022 | 11mo 6d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
2025 selloff2025 | -15.85%Apr 2025 | 1mo 6d | 4mo 29d | 6mo 5dMar 2025 - Sep 2025 |
2026 correction2026 | -15.52%Mar 2026 | 6mo 19d | — | 9mo 17dSep 2025 - now |
2024 pullback2024 | -6.67%Aug 2024 | 12d | 1mo 12d | 1mo 24dJul 2024 - Sep 2024 |
2021 pullback2021 | -6.03%Jul 2021 | 1mo 9d | 3mo 2d | 4mo 11dJun 2021 - Oct 2021 |
Drawdown Indicators
| HYIN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -56.78% | +25.68% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -9.10% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -18.90% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -25.43% | -5.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.24% | -1.80% | -11.44% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -10.71% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 2.03% | +5.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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