HYIN vs. AVMA

Last updated Jun 24, 2026

HYIN (WisdomTree Alternative Income Fund) and AVMA (Avantis Moderate Allocation ETF) are both Diversified Portfolio funds. HYIN is passively managed, while AVMA is actively managed. Over the past year, HYIN returned -6.58% vs 22.59% for AVMA. A 0.70 correlation means they provide meaningful diversification when combined. HYIN charges 3.20%/yr vs 0.21%/yr for AVMA.

Performance

HYIN vs. AVMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Alternative Income Fund (HYIN) and Avantis Moderate Allocation ETF (AVMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYIN achieves a -6.85% return, which is significantly lower than AVMA's 10.12% return.

HYIN

• 1D: 0.76%
• 1M: -0.63%
• YTD: -6.85%
• 6M: -5.87%
• 1Y: -6.58%
• 3Y*: 4.25%
• 5Y*: -1.13%
• 10Y*: —

AVMA

• 1D: -0.99%
• 1M: 0.64%
• YTD: 10.12%
• 6M: 9.66%
• 1Y: 22.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYIN vs. AVMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYIN WisdomTree Alternative Income Fund	-6.85%	-0.46%	7.39%	10.18%
AVMA Avantis Moderate Allocation ETF	10.12%	16.72%	10.01%	8.36%

Correlation

The correlation between HYIN and AVMA is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	0.70

The correlation between HYIN and AVMA has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.

Return for Risk

HYIN vs. AVMA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYIN

HYIN Risk / Return Rank: 5
HYIN Sharpe Ratio Rank: 5
HYIN Sortino Ratio Rank: 4
HYIN Omega Ratio Rank: 5
HYIN Calmar Ratio Rank: 5
HYIN Martin Ratio Rank: 5

AVMA

AVMA Risk / Return Rank: 79
AVMA Sharpe Ratio Rank: 80
AVMA Sortino Ratio Rank: 83
AVMA Omega Ratio Rank: 81
AVMA Calmar Ratio Rank: 74
AVMA Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYIN vs. AVMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and Avantis Moderate Allocation ETF (AVMA). 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	AVMA	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	2.41	-2.92
Sortino ratio: Return per unit of downside risk	-0.64	3.44	-4.08
Omega ratio: Gain probability vs. loss probability	0.93	1.45	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.43	3.54	-3.97
Martin ratio: Return relative to average drawdown	-0.85	14.86	-15.71

HYIN vs. AVMA - Sharpe Ratio Comparison

The current HYIN Sharpe Ratio is -0.51, which is lower than the AVMA Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of HYIN and AVMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYIN vs. AVMA - Drawdown Comparison

The maximum HYIN drawdown since its inception was -31.10%, which is greater than AVMA's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for HYIN and AVMA.

Drawdown Indicators

	HYIN	AVMA	Difference
Max Drawdown Largest peak-to-trough decline	-31.10%	-11.81%	-19.29%
Max Drawdown (1Y) Largest decline over 1 year	-15.52%	-6.40%	-9.12%
Max Drawdown (3Y) Largest decline over 3 years	-15.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.10%	—	—
Current Drawdown Current decline from peak	-12.58%	-1.21%	-11.37%
Average Drawdown Average peak-to-trough decline	-9.04%	-1.54%	-7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.73%	1.52%	+6.21%

Volatility

HYIN vs. AVMA - Volatility Comparison

WisdomTree Alternative Income Fund (HYIN) and Avantis Moderate Allocation ETF (AVMA) have volatilities of 3.44% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYIN	AVMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	3.43%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	7.61%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	9.41%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	10.36%	+6.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	10.36%	+6.40%

HYIN vs. AVMA - Expense Ratio Comparison

HYIN has a 3.20% expense ratio, which is higher than AVMA's 0.21% expense ratio.

Dividends

HYIN vs. AVMA - Dividend Comparison

HYIN's dividend yield for the trailing twelve months is around 13.50%, more than AVMA's 3.03% yield.

Position	TTM	2025	2024	2023	2022	2021
AVMA Avantis Moderate Allocation ETF	3.03%	2.21%	2.28%	1.11%	0.00%	0.00%
HYIN WisdomTree Alternative Income Fund	13.50%	12.58%	12.59%	11.71%	11.34%	4.13%

Frequently Asked Questions

Can I hold both HYIN and AVMA in my portfolio?

HYIN and AVMA have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYIN or AVMA?

HYIN has higher volatility (3.44%) compared to AVMA (3.43%). In terms of maximum drawdown, HYIN dropped -31.10% vs AVMA's -11.81%.

Which ETF is better, HYIN or AVMA?

On 1-year performance, AVMA leads with 22.59% vs -6.58% for HYIN. On fees, AVMA is cheaper at 0.21% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYIN or AVMA?

Over the 1-year period, AVMA has performed better with a 22.59% return vs -6.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYIN or AVMA?

AVMA is cheaper with a 0.21% expense ratio, compared with 3.20% for HYIN.

Which ETF pays a higher dividend yield, HYIN or AVMA?

HYIN has the higher dividend yield at 13.50%, compared with 3.03% for AVMA.

What is the main difference between HYIN and AVMA?

They also come from different issuers: WisdomTree and Avantis. Their fees differ too: 3.20% for HYIN and 0.21% for AVMA.

Which has better risk-adjusted returns?

AVMA currently has the higher Sharpe Ratio (2.41 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.