WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HYZD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HYZD
HYZD charges 0.43% annually. There are 69 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.60B | Jul 2023 | HYZD vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.10B | Jun 2012 | HYZD vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.69B | Sep 2025 | HYZD vs NHYB | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.49B | Dec 2016 | HYZD vs HYLB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.80M | Sep 2016 | HYZD vs BBHY |
Best Risk-Adjusted Alternatives to HYZD
HYZD has a PortfoliosLab risk / return rank of 84. There are 2 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 962.59M | Aug 2018 | HYZD vs BSJQ | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 85 | 9.36M | Nov 2024 | HYZD vs LDRH | |
| Pacific Global Senior Loan ETF | 84 | 624.90M | Feb 2015 | HYZD vs FLRT | |
| iShares iBonds 2027 Term High Yield and Income ETF | 82 | 500.53M | Jul 2021 | HYZD vs IBHG | |
| Putnam ESG High Yield ETF - | 81 | 7.62M | Jan 2023 | HYZD vs PHYD |
Top Performing HYZD Alternatives (YTD)
HYZD is at 2.95% YTD. There are 6 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 14.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 14.24% | — | Aug 2025 | HYZD vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.28% | 522.05M | May 2012 | HYZD vs HYEM | |
| Man Active High Yield ETF | 4.09% | 19.82M | Sep 2025 | HYZD vs MHY | |
| ProShares High Yield-Interest Rate Hedged | 3.86% | 174.87M | May 2013 | HYZD vs HYHG | |
| Fidelity Sustainable High Yield ETF | 3.40% | 125.35M | Feb 2022 | HYZD vs FSYD |
Lowest Volatility Alternatives to HYZD
HYZD has 3.05% 1-year volatility. There are 22 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | HYZD vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.36% | 962.59M | Aug 2018 | HYZD vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.59% | 624.90M | Feb 2015 | HYZD vs FLRT | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 2.08% | 847.56M | Sep 2019 | HYZD vs BSJR | |
| iShares iBonds 2027 Term High Yield and Income ETF | 2.09% | 500.53M | Jul 2021 | HYZD vs IBHG |
Lowest Drawdown Alternatives to HYZD
HYZD has a 1-year max drawdown of -1.91%. There are 18 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 962.59M | Aug 2018 | HYZD vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 500.53M | Jul 2021 | HYZD vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 847.56M | Sep 2019 | HYZD vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 452.61M | Mar 2022 | HYZD vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 9.36M | Nov 2024 | HYZD vs LDRH |
Other ETFs from WisdomTree
The 10 most viewed WisdomTree ETFs shown here include USFR, DGRW, GDE and span 13 categories. AUM among these funds goes as high as $17B.
Often Compared With HYZD
Investors most often compare HYZD with HYSZX, BKHY, SIHY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare HYZD with Any Fund or Stock
Compare HYZD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HYZD with funds that move differently
WisdomTree Interest Rate Hedged High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HYZD.
Explore HYZD Diversifiers