HYIN vs. BND
HYIN (WisdomTree Alternative Income Fund) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 5 years, HYIN returned -0.38%/yr vs 0.20%/yr for BND. At a 0.27 correlation, their price movements are largely independent. HYIN charges 3.20%/yr vs 0.03%/yr for BND.
Performance
HYIN vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -5.10% return, which is significantly lower than BND's 0.46% return.
HYIN
- 1D
- 0.10%
- 1M
- -4.38%
- YTD
- -5.10%
- 6M
- -5.49%
- 1Y
- -3.17%
- 3Y*
- 5.10%
- 5Y*
- -0.38%
- 10Y*
- —
BND
- 1D
- 0.03%
- 1M
- 0.12%
- YTD
- 0.46%
- 6M
- 0.46%
- 1Y
- 5.19%
- 3Y*
- 4.03%
- 5Y*
- 0.20%
- 10Y*
- 1.60%
HYIN vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -5.10% | -0.46% | 7.39% | 21.84% | -21.14% | 3.08% |
BND Vanguard Total Bond Market ETF | 0.46% | 7.08% | 1.38% | 5.65% | -13.11% | 0.71% |
Correlation
The correlation between HYIN and BND is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 7, 2021 | 0.27 |
The correlation between HYIN and BND shifts across timeframes, from 0.27 (5 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HYIN vs. BND — Risk / Return Rank
HYIN
BND
HYIN vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and Vanguard Total Bond Market ETF (BND). 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.
| HYIN | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 1.38 | -1.63 |
Sortino ratioReturn per unit of downside risk | -0.27 | 2.07 | -2.33 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.24 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.85 | -2.12 |
Martin ratioReturn relative to average drawdown | -0.58 | 5.66 | -6.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYIN | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 1.38 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.03 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.59 | -0.58 |
Drawdowns
HYIN vs. BND - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for HYIN and BND.
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Drawdown Indicators
| HYIN | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -18.58% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -2.68% | -12.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -5.92% | -9.93% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -17.91% | -13.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -10.94% | -2.18% | -8.76% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -3.06% | -5.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 0.88% | +6.32% |
Volatility
HYIN vs. BND - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 2.97% compared to Vanguard Total Bond Market ETF (BND) at 1.26%. This indicates that HYIN's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 1.26% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 2.68% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 3.78% | +8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 6.02% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 5.53% | +11.27% |
HYIN vs. BND - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
HYIN vs. BND - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.25%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
HYIN WisdomTree Alternative Income Fund | 13.25% | 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 BND have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYIN has higher volatility (2.97%) compared to BND (1.26%). In terms of maximum drawdown, HYIN dropped -31.10% vs BND's -18.58%.
On 5-year performance, BND leads with 0.20% vs -0.38% for HYIN. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BND has performed better with a 0.20% return vs -0.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 3.20% for HYIN.
HYIN has the higher dividend yield at 13.25%, compared with 3.96% for BND.
HYIN is categorized as Diversified Portfolio, while BND is Total Bond Market. HYIN tracks Gapstow Liquid Alternative Credit Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 3.20% for HYIN and 0.03% for BND.
BND currently has the higher Sharpe Ratio (1.38 vs -0.25), 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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