BRHY vs. HYZD
BRHY (iShares High Yield Active ETF) and HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) are both High Yield Bonds funds. BRHY is actively managed, while HYZD is passively managed. Over the past year, BRHY returned 6.86% vs 7.10% for HYZD. At a 0.42 correlation, their price movements are largely independent. BRHY charges 0.45%/yr vs 0.43%/yr for HYZD.
Performance
BRHY vs. HYZD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BRHY achieves a 1.72% return, which is significantly lower than HYZD's 2.72% return.
BRHY
- 1D
- -0.02%
- 1M
- 0.38%
- YTD
- 1.72%
- 6M
- 1.84%
- 1Y
- 6.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYZD
- 1D
- -0.22%
- 1M
- 0.18%
- YTD
- 2.72%
- 6M
- 2.83%
- 1Y
- 7.10%
- 3Y*
- 9.37%
- 5Y*
- 6.09%
- 10Y*
- 5.65%
BRHY vs. HYZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRHY iShares High Yield Active ETF | 1.72% | 9.74% | 5.16% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2.72% | 7.67% | 5.24% |
Correlation
The correlation between BRHY and HYZD is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BRHY vs. HYZD — Risk / Return Rank
BRHY
HYZD
BRHY vs. HYZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Active ETF (BRHY) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BRHY | HYZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.48 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.73 | -1.24 |
| Martin ratioReturn relative to average drawdown | 11.43 | 15.97 | -4.54 |
Loading charts...
Drawdowns
BRHY vs. HYZD - Drawdown Comparison
The maximum BRHY drawdown since its inception was -4.42%, smaller than the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for BRHY and HYZD.
Loading charts...
Drawdown Indicators
| BRHY | HYZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.42% | -25.66% | +21.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -1.91% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.66% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.40% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -2.19% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.45% | +0.15% |
Volatility
BRHY vs. HYZD - Volatility Comparison
iShares High Yield Active ETF (BRHY) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) have volatilities of 1.08% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BRHY | HYZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.12% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 2.44% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 3.04% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.01% | 6.71% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 8.54% | -4.53% |
BRHY vs. HYZD - Expense Ratio Comparison
BRHY has a 0.45% expense ratio, which is higher than HYZD's 0.43% expense ratio.
Dividends
BRHY vs. HYZD - Dividend Comparison
BRHY's dividend yield for the trailing twelve months is around 7.85%, more than HYZD's 5.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRHY iShares High Yield Active ETF | 7.85% | 7.97% | 4.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 5.88% | 6.05% | 6.08% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% |
Frequently Asked Questions
BRHY and HYZD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYZD has higher volatility (1.12%) compared to BRHY (1.08%). In terms of maximum drawdown, BRHY dropped -4.42% vs HYZD's -25.66%.
On 1-year performance, HYZD leads with 7.10% vs 6.86% for BRHY. On fees, HYZD is cheaper at 0.43% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYZD has performed better with a 7.10% return vs 6.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYZD is cheaper with a 0.43% expense ratio, compared with 0.45% for BRHY.
BRHY has the higher dividend yield at 7.85%, compared with 5.88% for HYZD.
They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.45% for BRHY and 0.43% for HYZD.
HYZD currently has the higher Sharpe Ratio (2.34 vs 2.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BRHY and HYZD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer