- ISIN
- US97717W4309
- CUSIP
- 97717W430
- Issuer
- WisdomTree
- Inception Date
- Dec 18, 2013
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $260M
Highlights
- Avg. Volume (1M)
- 78K
- Avg. Volume Value (1M)
- $1.76M
Share Price Chart
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Performance
HYZD Performance Chart
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is up 3.9% since the beginning of the year. HYZD is currently trading at $23 per share. Investors who bought $1,000 worth of HYZD shares 5 years ago would now be looking at an investment worth $1,366.
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Returns By Period
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) has returned 3.90% so far this year and 7.88% over the past 12 months. Over the last ten years, HYZD has returned 5.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
WisdomTree Interest Rate Hedged High Yield Bond Fund
- 1D
- 0.39%
- 1M
- 0.91%
- 6M
- 3.28%
- YTD
- 3.90%
- 1Y
- 7.88%
- 3Y*
- 8.79%
- 5Y*
- 6.43%
- 10Y*
- 5.40%
- ALL TIME*
- 4.43%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
HYZD Monthly Returns History
Based on dividend-adjusted daily data since Dec 18, 2013, HYZD's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +6.9%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HYZD closed higher 51% of trading days. The best single day was Apr 9, 2020 with a return of +6.5%, while the worst single day was Mar 30, 2020 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.82% | -0.62% | -1.10% | 2.82% | 0.04% | 0.88% | 0.66% | 0.39% | 3.90% | ||||
| 2025 | 1.85% | -0.65% | -1.24% | -0.39% | 3.00% | 1.25% | 0.37% | 0.83% | 0.71% | 0.42% | 0.55% | 0.78% | 7.67% |
| 2024 | 0.62% | 1.27% | 1.47% | 0.23% | 0.41% | 0.09% | 0.68% | 1.23% | 0.95% | 0.63% | 1.80% | -0.37% | 9.39% |
| 2023 | 2.28% | 0.13% | -0.44% | -0.29% | -0.39% | 3.39% | 1.98% | 0.27% | -0.25% | -0.28% | 2.82% | 1.55% | 11.17% |
| 2022 | -1.86% | -0.57% | 1.93% | -2.72% | 0.86% | -6.40% | 5.00% | -1.33% | -1.03% | 4.43% | 1.25% | -1.39% | -2.35% |
| 2021 | -0.19% | 3.00% | -0.38% | 0.48% | -0.02% | 1.22% | -0.36% | 0.88% | 0.34% | 0.20% | -1.51% | 2.53% | 6.27% |
Benchmark Metrics
WisdomTree Interest Rate Hedged High Yield Bond Fund has an annualized alpha of 1.71%, beta of 0.23, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since December 18, 2013.
- This ETF participated in 36.96% of S&P 500 Index downside but only 30.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.23 may look defensive, but with R2 of 0.21 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.21 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.71%
- Beta
- 0.23
- R²
- 0.21
- Upside Capture
- 30.37%
- Downside Capture
- 36.96%
Expense Ratio
HYZD has an expense ratio of 0.43%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HYZD ranks 94 for risk / return — above 94% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) 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.
| HYZD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.31 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.41 | +1.73 |
| Martin ratioReturn relative to average drawdown | 18.11 | 10.22 | +7.88 |
Dividends
Dividend History
WisdomTree Interest Rate Hedged High Yield Bond Fund provided a 5.87% dividend yield over the last twelve months, with an annual payout of $1.33 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.33 | $1.36 | $1.35 | $1.28 | $1.06 | $0.90 | $1.12 | $1.27 | $1.25 | $1.19 | $1.21 | $0.96 |
Dividend yield | 5.87% | 6.05% | 6.08% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% |
Monthly Dividends
The table displays the monthly dividend distributions for WisdomTree Interest Rate Hedged High Yield Bond 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 | $0.11 | $0.10 | $0.12 | $0.11 | $0.11 | $0.11 | $0.12 | $0.00 | $0.77 | ||||
| 2025 | $0.11 | $0.11 | $0.13 | $0.12 | $0.12 | $0.11 | $0.12 | $0.12 | $0.11 | $0.12 | $0.11 | $0.12 | $1.36 |
| 2024 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $0.13 | $1.35 |
| 2023 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.15 | $1.28 |
| 2022 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $1.06 |
| 2021 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.90 |
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 Interest Rate Hedged High Yield Bond 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 Interest Rate Hedged High Yield Bond Fund was 25.66%, occurring on Mar 24, 2020. Recovery took 234 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.66%Mar 2020 | 1mo 5d | 11mo 9d | 1y 9dFeb 2020 - Feb 2021 | COVID crash2020 |
-15.99%Feb 2016 | 1y 10mo | 5mo 27d | 2y 4moApr 2014 - Aug 2016 | — |
-8.97%Jul 2022 | 6mo 2d | 6mo 11d | 1y 8dJan 2022 - Jan 2023 | Bear market2022 |
-7.19%Dec 2018 | 2mo 24d | 3mo 7d | 6mo 1dOct 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-5.85%Apr 2025 | 2mo 7d | 1mo 5d | 3mo 12dJan 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| HYZD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -56.78% | +31.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.91% | -9.10% | +7.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -18.90% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -8.97% | -25.43% | +16.46% |
Max Drawdown (10Y)Largest decline over 10 years | -25.66% | -33.92% | +8.26% |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -10.70% | +8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.14% | -1.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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