HYIN vs. AOK
HYIN (WisdomTree Alternative Income Fund) and AOK (iShares Core 30/70 Conservative Allocation ETF) are both Diversified Portfolio funds - HYIN tracks the Gapstow Liquid Alternative Credit Index while AOK tracks the S&P Target Risk Conservative Index. Both are passively managed. Over the past 5 years, HYIN returned -0.52%/yr vs 3.58%/yr for AOK. Their 0.63 correlation means they have sometimes moved together and sometimes differently. HYIN charges 3.20%/yr vs 0.15%/yr for AOK.
Performance
HYIN vs. AOK - 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 AOK's 4.94% 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%
AOK
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 3.56%
- YTD
- 4.94%
- 1Y
- 9.43%
- 3Y*
- 9.23%
- 5Y*
- 3.58%
- 10Y*
- 4.98%
- ALL TIME*
- 5.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.52M | $5.94M | $7.57M | |
| $308.54K | $257.38K | $300.22K |
HYIN vs. AOK - 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% |
AOK iShares Core 30/70 Conservative Allocation ETF | 4.94% | 11.26% | 6.58% | 10.85% | -14.16% | 3.07% |
Correlation
The correlation between HYIN and AOK is 0.55, 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. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.63 |
The correlation between HYIN and AOK has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
HYIN vs. AOK — Risk / Return Rank
HYIN
AOK
HYIN vs. AOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and iShares Core 30/70 Conservative Allocation ETF (AOK). 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 | AOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.29 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.11 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.86 | 8.64 | -9.49 |
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Drawdowns
HYIN vs. AOK - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, which is greater than AOK's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for HYIN and AOK.
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Drawdown Indicators
| HYIN | AOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -18.94% | -12.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -4.50% | -11.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -5.17% | -10.68% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -18.94% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.94% | — |
Current DrawdownCurrent decline from peak | -11.22% | 0.00% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -2.35% | -6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 1.09% | +7.51% |
Volatility
HYIN vs. AOK - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 4.08% compared to iShares Core 30/70 Conservative Allocation ETF (AOK) at 1.75%. This indicates that HYIN's price experiences larger fluctuations and is considered to be riskier than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | AOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 1.75% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 5.02% | +5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 6.02% | +7.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 7.18% | +9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 6.73% | +9.94% |
HYIN vs. AOK - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than AOK's 0.15% expense ratio.
Dividends
HYIN vs. AOK - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.44%, more than AOK's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.36% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
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 AOK 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.
HYIN has higher volatility (4.08%) compared to AOK (1.75%). In terms of maximum drawdown, HYIN dropped -31.10% vs AOK's -18.94%.
On 5-year performance, AOK leads with 3.58% vs -0.52% for HYIN. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 1.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOK has performed better with a 3.58% return vs -0.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOK 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 3.36% for AOK.
HYIN tracks Gapstow Liquid Alternative Credit Index, while AOK tracks S&P Target Risk Conservative Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 3.20% for HYIN and 0.15% for AOK.
AOK currently has the higher Sharpe Ratio (1.57 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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