HYIN vs. ARCC
HYIN (WisdomTree Alternative Income Fund) is Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while ARCC (Ares Capital Corporation) is a stock. Over the past 5 years, HYIN returned -1.13%/yr vs 8.14%/yr for ARCC. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
HYIN vs. ARCC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HYIN having a -6.85% return and ARCC slightly higher at -6.83%.
HYIN
- 1D
- 0.76%
- 1M
- -0.63%
- YTD
- -6.85%
- 6M
- -5.87%
- 1Y
- -6.58%
- 3Y*
- 4.25%
- 5Y*
- -1.13%
- 10Y*
- —
ARCC
- 1D
- 0.28%
- 1M
- -1.31%
- YTD
- -6.83%
- 6M
- -5.38%
- 1Y
- -8.17%
- 3Y*
- 9.59%
- 5Y*
- 8.14%
- 10Y*
- 12.46%
HYIN vs. ARCC - 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% |
ARCC Ares Capital Corporation | -6.83% | 1.07% | 19.78% | 20.03% | -3.84% | 17.94% |
Correlation
The correlation between HYIN and ARCC is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.68 |
The correlation between HYIN and ARCC has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
HYIN vs. ARCC — Risk / Return Rank
HYIN
ARCC
HYIN vs. ARCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and Ares Capital Corporation (ARCC). 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 | ARCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.94 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.42 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.85 | -0.75 | -0.10 |
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Drawdowns
HYIN vs. ARCC - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for HYIN and ARCC.
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Drawdown Indicators
| HYIN | ARCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -79.36% | +48.26% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -19.35% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -19.35% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -21.76% | -9.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.77% | — |
Current DrawdownCurrent decline from peak | -12.58% | -15.20% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -9.11% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 10.89% | -3.16% |
Volatility
HYIN vs. ARCC - Volatility Comparison
The current volatility for WisdomTree Alternative Income Fund (HYIN) is 3.44%, while Ares Capital Corporation (ARCC) has a volatility of 4.64%. This indicates that HYIN experiences smaller price fluctuations and is considered to be less risky than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | ARCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 4.64% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 15.11% | -4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 18.65% | -5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 19.96% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 25.60% | -8.84% |
Dividends
HYIN vs. ARCC - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.50%, more than ARCC's 10.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARCC Ares Capital Corporation | 10.73% | 9.49% | 8.77% | 9.59% | 10.12% | 7.65% | 9.47% | 9.01% | 9.88% | 9.67% | 9.22% | 11.02% |
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 ARCC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARCC has higher volatility (4.64%) compared to HYIN (3.44%). In terms of maximum drawdown, HYIN dropped -31.10% vs ARCC's -79.36%.
ARCC currently has the higher Sharpe Ratio (-0.44 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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