HYZD Alternatives & Similar ETFs

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 71 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.

Symbol	Name	Expense Ratio	AUM	Inception
SCYB	Schwab High Yield Bond ETF	0.03%	2.75B	Jul 2023	HYZD vs SCYB
SPHY	SPDR Portfolio High Yield Bond ETF	0.05%	11.60B	Jun 2012	HYZD vs SPHY
NHYB	Nuveen High Yield Corporate Bond ETF	0.08%	1.70B	Sep 2025	HYZD vs NHYB
USHY	iShares Broad USD High Yield Corporate Bond ETF	0.15%	28.59B	Oct 2017	HYZD vs USHY
BBHY	JPMorgan BetaBuilders USD High Yield Corporate Bon...	0.15%	615.72M	Sep 2016	HYZD vs BBHY

Best Risk-Adjusted Alternatives to HYZD

HYZD has a PortfoliosLab risk / return rank of 94. There are 2 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	96	870.26M	Aug 2018	HYZD vs BSJQ
SEIX	Virtus Seix Senior Loan ETF	96	251.21M	Apr 2019	HYZD vs SEIX
BSJR	Invesco BulletShares 2027 High Yield Corporate Bon...	90	865.81M	Sep 2019	HYZD vs BSJR
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	90	596.69M	May 2014	HYZD vs HYGH
LDRH	iShares iBonds 1-5 Year High Yield and Income Ladd...	90	22.57M	Nov 2024	HYZD vs LDRH

Top Performing HYZD Alternatives (YTD)

HYZD is at 3.90% YTD. There are 4 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 8.47%.

Symbol	Name	YTD Return	AUM	Inception
DADS	Digital Asset Debt Strategy ETF	8.47%	—	Aug 2025	HYZD vs DADS
MHY	Man Active High Yield ETF	6.16%	19.82M	Sep 2025	HYZD vs MHY
HYHG	ProShares High Yield-Interest Rate Hedged	4.39%	185.42M	May 2013	HYZD vs HYHG
HYEM	VanEck Emerging Markets High Yield Bond ETF	4.38%	521.46M	May 2012	HYZD vs HYEM
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	3.81%	596.69M	May 2014	HYZD vs HYGH

Lowest Volatility Alternatives to HYZD

HYZD has 2.99% 1-year volatility. There are 23 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.

Symbol	Name	Volatility 1Y	AUM	Inception
ESHY	Xtrackers J.P. Morgan ESG USD High Yield Corporate...	0.00%	6.49M	Mar 2015	HYZD vs ESHY
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	1.29%	870.26M	Aug 2018	HYZD vs BSJQ
SEIX	Virtus Seix Senior Loan ETF	1.63%	251.21M	Apr 2019	HYZD vs SEIX
MYHA	State Street My2027 High Yield Corporate Bond ETF	1.73%	4.98M	Feb 2026	HYZD vs MYHA
BSJR	Invesco BulletShares 2027 High Yield Corporate Bon...	1.95%	865.81M	Sep 2019	HYZD vs BSJR

Lowest Drawdown Alternatives to HYZD

HYZD has a 1-year max drawdown of -1.91%. There are 19 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
BSJQ	Invesco BulletShares 2026 High Yield Corp Bond ETF	-0.54%	870.26M	Aug 2018	HYZD vs BSJQ
IBHG	iShares iBonds 2027 Term High Yield and Income ETF	-0.73%	507.25M	Jul 2021	HYZD vs IBHG
SEIX	Virtus Seix Senior Loan ETF	-1.13%	251.21M	Apr 2019	HYZD vs SEIX
BSJR	Invesco BulletShares 2027 High Yield Corporate Bon...	-1.16%	865.81M	Sep 2019	HYZD vs BSJR
IBHH	iShares iBonds 2028 Term High Yield and Income ETF	-1.22%	457.18M	Mar 2022	HYZD vs IBHH

Other ETFs from WisdomTree

The 10 most viewed WisdomTree ETFs shown here include USFR, DGRW, GDE and span 15 categories. AUM among these funds goes as high as $18B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
USFR	WisdomTree Floating Rate Treasury Fund	Government Bonds, Ultrashort Bond	100	2.29%	18.13B	Feb 2014	HYZD vs USFR
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	Quality Factor, Dividend, Large Cap Growth Equities	70	10.05%	16.52B	May 2013	HYZD vs DGRW
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fun...	Gold, Precious Metals	42	0.83%	433.45M	Mar 2022	HYZD vs GDE
DXJ	WisdomTree Japan Hedged Equity Fund	Japan Equities, Asia Pacific Equities	92	19.19%	7.17B	Jun 2006	HYZD vs DXJ
NTSX	WisdomTree U.S. Efficient Core Fund	Diversified Portfolio	61	8.99%	1.34B	Aug 2018	HYZD vs NTSX
DHS	WisdomTree US High Dividend Fund	Large Cap Value Equities, Dividend	92	17.07%	1.57B	Jun 2006	HYZD vs DHS
EPI	WisdomTree India Earnings Fund	India Equities, Emerging Markets Equities, Asia Pacific Equities	8	-6.50%	2.01B	Feb 2008	HYZD vs EPI
QGRW	WisdomTree U.S. Quality Growth Fund	Quality Factor, Large Cap Growth Equities	50	13.60%	2.68B	Dec 2022	HYZD vs QGRW
GDMN	WisdomTree Efficient Gold Plus Gold Miners Strateg...	Commodities, Gold, Precious Metals	31	-21.29%	142.05M	Dec 2021	HYZD vs GDMN
WTV	WisdomTree U.S. Value Fund	Mid Cap Value Equities, Large Cap Value Equities	89	15.41%	3.19B	Feb 2007	HYZD vs WTV

Often Compared With HYZD

Investors most often compare HYZD with HYSZX, BKHY, SIHY. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HYSZX	PGIM Short Duration High Yield Income Fund	High Yield Bonds	43	0.93%	—	Oct 2012	HYZD vs HYSZX
BKHY	BNY Mellon High Yield Beta ETF	High Yield Bonds	67	2.22%	160.31M	Apr 2020	HYZD vs BKHY
SIHY	Harbor Scientific Alpha High-Yield ETF	High Yield Bonds	64	2.41%	148.94M	Sep 2021	HYZD vs SIHY
PGHY	Invesco Global Short Term High Yield Bond ETF	High Yield Bonds	51	2.82%	224.45M	Jun 2013	HYZD vs PGHY
IBHD	iShares iBonds 2024 Term High Yield & Income ETF	High Yield Bonds	—	—	310.08M	May 2019	HYZD vs IBHD
PFIUX	PIMCO Dynamic Bond Fund	Nontraditional Bonds	58	0.82%	—	Jun 2008	HYZD vs PFIUX
CFRIX	Catalyst/CIFC Floating Rate Income Fund	Bank Loan	54	0.95%	—	Dec 2012	HYZD vs CFRIX
VOO	Vanguard S&P 500 ETF	S&P 500	78	11.72%	1.70T	Sep 2010	HYZD vs VOO
IDV	iShares International Select Dividend ETF	Global Equities, Dividend	91	15.90%	8.45B	Jun 2007	HYZD vs IDV
SPY	State Street SPDR S&P 500 ETF	S&P 500	78	11.70%	789.06B	Jan 1993	HYZD vs SPY
HYLB	Xtrackers USD High Yield Corporate Bond ETF	High Yield Bonds	69	2.05%	3.46B	Dec 2016	HYZD vs HYLB
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	High Yield Bonds	79	2.05%	7.60B	Oct 2013	HYZD vs SHYG
IBHM	iShares iBonds 2033 Term High Yield and Income ETF	High Yield Bonds	—	—	—	Mar 2026	HYZD vs IBHM
CRDT	Simplify Opportunistic Income ETF	Multisector Bonds	19	3.58%	36.02M	Jun 2023	HYZD vs CRDT
BSJS	Invesco BulletShares 2028 High Yield Corporate Bon...	High Yield Bonds	85	2.39%	730.90M	Sep 2020	HYZD vs BSJS
FTSL	First Trust Senior Loan Fund	Bank Loan, High Yield Bonds	70	1.35%	2.32B	May 2013	HYZD vs FTSL
PCHI	Polen High Income ETF	High Yield Bonds	23	1.35%	21.55M	Mar 2025	HYZD vs PCHI
DUKH	Ocean Park High Income ETF	High Yield Bonds	33	0.32%	7.39M	Jul 2024	HYZD vs DUKH
CDX	Simplify High Yield ETF	High Yield Bonds	4	-3.19%	377.28M	Feb 2022	HYZD vs CDX
MYHE	State Street My2031 High Yield Corporate Bond ETF	High Yield Bonds	—	—	4.95M	Feb 2026	HYZD vs MYHE

Compare HYZD with Any Fund or Stock

Compare HYZD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

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

WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) Alternatives