HYIN vs. AOA
HYIN (WisdomTree Alternative Income Fund) and AOA (iShares Core 80/20 Aggressive Allocation ETF) are both Diversified Portfolio funds - HYIN tracks the Gapstow Liquid Alternative Credit Index while AOA tracks the S&P Target Risk Aggressive Index. Both are passively managed. Over the past 5 years, HYIN returned -1.02%/yr vs 8.77%/yr for AOA. A 0.71 correlation means they provide meaningful diversification when combined. HYIN charges 3.20%/yr vs 0.15%/yr for AOA.
Performance
HYIN vs. AOA - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -6.68% return, which is significantly lower than AOA's 8.51% return.
HYIN
- 1D
- 0.15%
- 1M
- -1.18%
- YTD
- -6.68%
- 6M
- -6.42%
- 1Y
- -6.91%
- 3Y*
- 3.83%
- 5Y*
- -1.02%
- 10Y*
- —
AOA
- 1D
- 0.33%
- 1M
- -0.91%
- YTD
- 8.51%
- 6M
- 7.69%
- 1Y
- 20.66%
- 3Y*
- 16.81%
- 5Y*
- 8.77%
- 10Y*
- 10.92%
HYIN vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -6.68% | -0.46% | 7.39% | 21.84% | -21.14% | 2.73% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 8.51% | 19.59% | 13.55% | 18.27% | -16.23% | 6.98% |
Correlation
The correlation between HYIN and AOA is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.71 |
The correlation between HYIN and AOA shifts across timeframes, from 0.55 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYIN vs. AOA — Risk / Return Rank
HYIN
AOA
HYIN vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and iShares Core 80/20 Aggressive Allocation ETF (AOA). 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.
| HYIN | AOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.35 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.53 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.89 | 10.94 | -11.82 |
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Drawdowns
HYIN vs. AOA - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for HYIN and AOA.
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Drawdown Indicators
| HYIN | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -28.38% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -8.20% | -7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -12.94% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -23.62% | -7.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.38% | — |
Current DrawdownCurrent decline from peak | -12.42% | -1.78% | -10.64% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -4.04% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 1.89% | +5.92% |
Volatility
HYIN vs. AOA - Volatility Comparison
The current volatility for WisdomTree Alternative Income Fund (HYIN) is 3.28%, while iShares Core 80/20 Aggressive Allocation ETF (AOA) has a volatility of 4.31%. This indicates that HYIN experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 4.31% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 9.32% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.92% | 11.18% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.77% | 13.08% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 13.51% | +3.24% |
HYIN vs. AOA - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than AOA's 0.15% expense ratio.
Dividends
HYIN vs. AOA - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.53%, more than AOA's 2.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.07% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
HYIN WisdomTree Alternative Income Fund | 13.53% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYIN and AOA have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOA has higher volatility (4.31%) compared to HYIN (3.28%). In terms of maximum drawdown, HYIN dropped -31.10% vs AOA's -28.38%.
On 5-year performance, AOA leads with 8.77% vs -1.02% for HYIN. On fees, AOA is cheaper at 0.15% per year. On volatility, HYIN has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOA has performed better with a 8.77% return vs -1.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOA is cheaper with a 0.15% expense ratio, compared with 3.20% for HYIN.
HYIN has the higher dividend yield at 13.53%, compared with 2.07% for AOA.
HYIN tracks Gapstow Liquid Alternative Credit Index, while AOA tracks S&P Target Risk Aggressive Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 3.20% for HYIN and 0.15% for AOA.
AOA currently has the higher Sharpe Ratio (1.86 vs -0.54), 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.
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