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 -0.52%/yr vs 9.16%/yr for AOA. Their 0.70 correlation means they have sometimes moved together and sometimes differently. 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 -5.41% return, which is significantly lower than AOA's 11.69% return.
HYIN
- 1D
- -1.09%
- 1M
- -0.68%
- 6M
- -4.29%
- YTD
- -5.41%
- 1Y
- -7.37%
- 3Y*
- 1.94%
- 5Y*
- -0.52%
- 10Y*
- —
- ALL TIME*
- -0.03%
AOA
- 1D
- 0.02%
- 1M
- 1.40%
- 6M
- 8.97%
- YTD
- 11.69%
- 1Y
- 21.14%
- 3Y*
- 17.01%
- 5Y*
- 9.16%
- 10Y*
- 10.40%
- ALL TIME*
- 10.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.35M | $10.64M | $10.47M | |
| $308.54K | $257.38K | $300.22K |
HYIN vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -5.41% | -0.46% | 7.39% | 21.84% | -21.14% | 2.73% |
AOA iShares Core 80/20 Aggressive Allocation ETF | 11.69% | 19.59% | 13.55% | 18.27% | -16.23% | 6.98% |
Correlation
The correlation between HYIN and AOA is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.70 |
The correlation between HYIN and AOA shifts across timeframes, from 0.53 (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 | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.34 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.59 | -3.07 |
| Martin ratioReturn relative to average drawdown | -0.86 | 10.91 | -11.77 |
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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 | -11.22% | 0.00% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -4.03% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 1.94% | +6.66% |
Volatility
HYIN vs. AOA - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 4.08% compared to iShares Core 80/20 Aggressive Allocation ETF (AOA) at 3.36%. This indicates that HYIN's price experiences larger fluctuations and is considered to be riskier 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 | 4.08% | 3.36% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 9.71% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 11.49% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 13.12% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 13.51% | +3.16% |
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 13.44%, more than AOA's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOA iShares Core 80/20 Aggressive Allocation ETF | 2.08% | 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 | 13.44% | 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 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYIN has higher volatility (4.08%) compared to AOA (3.36%). In terms of maximum drawdown, HYIN dropped -31.10% vs AOA's -28.38%.
On 5-year performance, AOA leads with 9.16% vs -0.52% for HYIN. On fees, AOA is cheaper at 0.15% per year. On volatility, AOA has been the lower-risk option at 3.36%. 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 9.16% return vs -0.52%. 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 13.44%, compared with 2.08% 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 (1.85 vs -0.56), 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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