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 -1.13%/yr vs 3.59%/yr for AOK. A 0.63 correlation means they provide meaningful diversification when combined. 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 -6.85% return, which is significantly lower than AOK's 3.83% return.
HYIN
- 1D
- 0.76%
- 1M
- -0.63%
- YTD
- -6.85%
- 6M
- -5.87%
- 1Y
- -6.58%
- 3Y*
- 4.25%
- 5Y*
- -1.13%
- 10Y*
- —
AOK
- 1D
- -0.58%
- 1M
- 0.30%
- YTD
- 3.83%
- 6M
- 3.39%
- 1Y
- 11.04%
- 3Y*
- 9.03%
- 5Y*
- 3.59%
- 10Y*
- 5.20%
HYIN vs. AOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -6.85% | -0.46% | 7.39% | 21.84% | -21.14% | 2.73% |
AOK iShares Core 30/70 Conservative Allocation ETF | 3.83% | 11.26% | 6.58% | 10.85% | -14.16% | 3.07% |
Correlation
The correlation between HYIN and AOK 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 | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
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 0.63 - 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 | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.35 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.46 | -2.89 |
| Martin ratioReturn relative to average drawdown | -0.85 | 10.37 | -11.23 |
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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% | -6.37% | -9.48% |
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 | -12.58% | -0.82% | -11.76% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -2.36% | -6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 1.07% | +6.66% |
Volatility
HYIN vs. AOK - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 3.44% compared to iShares Core 30/70 Conservative Allocation ETF (AOK) at 2.25%. 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 | 3.44% | 2.25% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 4.85% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 6.01% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 7.15% | +9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 6.72% | +10.04% |
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 13.50%, more than AOK's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.29% | 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 | 13.50% | 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 (3.44%) compared to AOK (2.25%). In terms of maximum drawdown, HYIN dropped -31.10% vs AOK's -18.94%.
On 5-year performance, AOK leads with 3.59% vs -1.13% for HYIN. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 2.25%. 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 3.59% return vs -1.13%. 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 13.50%, compared with 3.29% 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 (1.84 vs -0.51), 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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