GBHI vs. HYZD
GBHI (Gabelli High Income ETF) and HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) are both High Yield Bonds funds. GBHI is actively managed, while HYZD is passively managed. At a 0.34 correlation, their price movements are largely independent. GBHI charges 0.55%/yr vs 0.43%/yr for HYZD.
Performance
GBHI vs. HYZD - Performance Comparison
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Returns By Period
In the year-to-date period, GBHI achieves a 2.28% return, which is significantly lower than HYZD's 2.65% return.
GBHI
- 1D
- 0.06%
- 1M
- 0.14%
- YTD
- 2.28%
- 6M
- 2.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYZD
- 1D
- 0.00%
- 1M
- 0.13%
- YTD
- 2.65%
- 6M
- 2.74%
- 1Y
- 7.03%
- 3Y*
- 9.03%
- 5Y*
- 6.07%
- 10Y*
- 5.62%
GBHI vs. HYZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GBHI Gabelli High Income ETF | 2.28% | 1.27% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2.65% | 1.39% |
Correlation
The correlation between GBHI and HYZD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.34 |
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Return for Risk
GBHI vs. HYZD — Risk / Return Rank
GBHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYZD
GBHI vs. HYZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli High Income ETF (GBHI) 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.
| GBHI | HYZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.70 | — |
| Martin ratioReturn relative to average drawdown | — | 15.74 | — |
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Drawdowns
GBHI vs. HYZD - Drawdown Comparison
The maximum GBHI drawdown since its inception was -2.12%, smaller than the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for GBHI and HYZD.
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Drawdown Indicators
| GBHI | HYZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.12% | -25.66% | +23.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.91% | — |
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 | -0.14% | -0.46% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -2.19% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.45% | — |
Volatility
GBHI vs. HYZD - Volatility Comparison
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Volatility by Period
| GBHI | HYZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 3.04% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 6.70% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 8.54% | -5.23% |
GBHI vs. HYZD - Expense Ratio Comparison
GBHI has a 0.55% expense ratio, which is higher than HYZD's 0.43% expense ratio.
Dividends
GBHI vs. HYZD - Dividend Comparison
GBHI's dividend yield for the trailing twelve months is around 1.84%, less than HYZD's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBHI Gabelli High Income ETF | 1.84% | 0.59% | 0.00% | 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 | 5.91% | 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
GBHI and HYZD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYZD is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYZD is cheaper with a 0.43% expense ratio, compared with 0.55% for GBHI.
HYZD has the higher dividend yield at 5.91%, compared with 1.84% for GBHI.
They also come from different issuers: Gabelli and WisdomTree. Their fees differ too: 0.55% for GBHI and 0.43% for HYZD.
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