WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD)
HYZD is a passive ETF by WisdomTree tracking the investment results of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. HYZD launched on Dec 18, 2013 and has a 0.43% expense ratio.
ETF Info
| ISIN | US97717W4309 |
|---|---|
| CUSIP | 97717W430 |
| Issuer | WisdomTree |
| Inception Date | Dec 18, 2013 |
| Region | North America (U.S.) |
| Category | High Yield Bonds |
| Leveraged | 1x |
| Index Tracked | WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index |
| Asset Class | Bond |
Expense Ratio
HYZD features an expense ratio of 0.43%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: HYZD vs. BSJN, HYZD vs. HYSZX, HYZD vs. HYEM, HYZD vs. BKHY, HYZD vs. PGHY, HYZD vs. HYGH, HYZD vs. IBHD, HYZD vs. IDV, HYZD vs. SPY, HYZD vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in WisdomTree Interest Rate Hedged High Yield Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
WisdomTree Interest Rate Hedged High Yield Bond Fund had a return of 8.51% year-to-date (YTD) and 11.75% in the last 12 months. Over the past 10 years, WisdomTree Interest Rate Hedged High Yield Bond Fund had an annualized return of 4.36%, while the S&P 500 had an annualized return of 11.05%, indicating that WisdomTree Interest Rate Hedged High Yield Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.51% | 21.24% |
| 1 month | 1.07% | 0.55% |
| 6 months | 4.07% | 11.47% |
| 1 year | 11.75% | 32.45% |
| 5 years (annualized) | 4.69% | 13.43% |
| 10 years (annualized) | 4.36% | 11.05% |
Monthly Returns
The table below presents the monthly returns of HYZD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.62% | 1.27% | 1.47% | 0.23% | 0.41% | 0.09% | 0.68% | 1.23% | 0.95% | 0.66% | 8.51% | ||
| 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% | 11.18% |
| 2022 | -1.87% | -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% |
| 2020 | 0.30% | -2.49% | -16.32% | 6.93% | 2.69% | -0.50% | 4.13% | 1.93% | -1.57% | 0.85% | 3.55% | 1.86% | -0.63% |
| 2019 | 3.79% | 1.60% | -0.26% | 1.93% | -1.68% | 1.39% | 0.47% | -0.39% | -0.08% | 0.19% | 0.40% | 1.55% | 9.18% |
| 2018 | 0.66% | -0.21% | -0.39% | 0.65% | 0.48% | 0.16% | 1.09% | 0.40% | 1.04% | -1.61% | -0.57% | -3.82% | -2.21% |
| 2017 | 0.67% | 0.88% | 0.09% | 0.21% | 0.86% | 0.52% | 0.72% | -0.55% | 1.42% | 0.66% | 0.09% | 0.59% | 6.32% |
| 2016 | -2.70% | 0.20% | 2.97% | 3.16% | 1.62% | 0.54% | 1.87% | 2.40% | 1.49% | -0.42% | 0.33% | 2.69% | 14.93% |
| 2015 | 3.29% | 2.08% | -0.73% | -0.21% | 1.94% | -1.40% | 0.02% | -2.63% | -1.52% | 1.90% | -1.14% | -2.44% | -1.04% |
| 2014 | 0.14% | 0.42% | 0.94% | 0.42% | 0.19% | 0.73% | -0.63% | 0.32% | -1.52% | 0.86% | -1.03% | -4.87% | -4.11% |
| 2013 | -0.14% | -0.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HYZD is 89, placing it in the top 11% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
WisdomTree Interest Rate Hedged High Yield Bond Fund provided a 6.13% dividend yield over the last twelve months, with an annual payout of $1.37 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.37 | $1.28 | $1.06 | $0.90 | $1.12 | $1.27 | $1.25 | $1.19 | $1.21 | $0.96 | $0.88 | $0.03 |
Dividend yield | 6.13% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% | 3.82% | 0.10% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.00 | $1.11 | |
| 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 |
| 2020 | $0.11 | $0.11 | $0.11 | $0.10 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.12 |
| 2019 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.12 | $1.27 |
| 2018 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.12 | $0.15 | $1.25 |
| 2017 | $0.11 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.09 | $0.11 | $0.10 | $0.09 | $0.10 | $1.19 |
| 2016 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.12 | $0.12 | $1.21 |
| 2015 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.09 | $0.96 |
| 2014 | $0.08 | $0.06 | $0.07 | $0.07 | $0.07 | $0.09 | $0.09 | $0.09 | $0.06 | $0.07 | $0.08 | $0.08 | $0.88 |
| 2013 | $0.03 | $0.03 |
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.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.66% | Feb 18, 2020 | 26 | Mar 24, 2020 | 234 | Feb 26, 2021 | 260 |
| -15.99% | Apr 11, 2014 | 431 | Feb 17, 2016 | 99 | Aug 12, 2016 | 530 |
| -8.97% | Jan 4, 2022 | 125 | Jul 5, 2022 | 133 | Jan 12, 2023 | 258 |
| -7.21% | Oct 4, 2018 | 58 | Dec 27, 2018 | 66 | Apr 3, 2019 | 124 |
| -5% | Mar 7, 2023 | 14 | Mar 24, 2023 | 56 | Jun 14, 2023 | 70 |
Volatility
Volatility Chart
The current WisdomTree Interest Rate Hedged High Yield Bond Fund volatility is 1.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.