HYIN vs. DHS
HYIN (WisdomTree Alternative Income Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 5 years, HYIN returned -1.13%/yr vs 11.73%/yr for DHS. A 0.66 correlation means they provide meaningful diversification when combined. HYIN charges 3.20%/yr vs 0.38%/yr for DHS.
Performance
HYIN vs. DHS - 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 DHS's 12.61% return.
HYIN
- 1D
- 0.76%
- 1M
- -0.63%
- YTD
- -6.85%
- 6M
- -5.87%
- 1Y
- -6.58%
- 3Y*
- 4.25%
- 5Y*
- -1.13%
- 10Y*
- —
DHS
- 1D
- 0.81%
- 1M
- -0.18%
- YTD
- 12.61%
- 6M
- 12.50%
- 1Y
- 22.41%
- 3Y*
- 17.58%
- 5Y*
- 11.73%
- 10Y*
- 9.73%
HYIN vs. DHS - 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% |
DHS WisdomTree US High Dividend Fund | 12.61% | 12.87% | 18.02% | -0.19% | 7.97% | 6.68% |
Correlation
The correlation between HYIN and DHS is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
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 | 0.66 |
The correlation between HYIN and DHS shifts across timeframes, from 0.50 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYIN vs. DHS — Risk / Return Rank
HYIN
DHS
HYIN vs. DHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and WisdomTree US High Dividend Fund (DHS). 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 | DHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.38 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.57 | -4.00 |
| Martin ratioReturn relative to average drawdown | -0.85 | 12.96 | -13.81 |
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Drawdowns
HYIN vs. DHS - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for HYIN and DHS.
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Drawdown Indicators
| HYIN | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -67.25% | +36.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -6.30% | -9.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -11.87% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -15.28% | -15.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.35% | — |
Current DrawdownCurrent decline from peak | -12.58% | -1.19% | -11.39% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -9.53% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 1.73% | +6.00% |
Volatility
HYIN vs. DHS - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) and WisdomTree US High Dividend Fund (DHS) have volatilities of 3.44% and 3.61%, 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.
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Volatility by Period
| HYIN | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.61% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 7.53% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 10.20% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 13.88% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 16.08% | +0.68% |
HYIN vs. DHS - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than DHS's 0.38% expense ratio.
Dividends
HYIN vs. DHS - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.50%, more than DHS's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.27% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
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 DHS have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHS has higher volatility (3.61%) compared to HYIN (3.44%). In terms of maximum drawdown, HYIN dropped -31.10% vs DHS's -67.25%.
On 5-year performance, DHS leads with 11.73% vs -1.13% for HYIN. On fees, DHS is cheaper at 0.38% per year. On volatility, HYIN has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DHS has performed better with a 11.73% return vs -1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DHS is cheaper with a 0.38% expense ratio, compared with 3.20% for HYIN.
HYIN has the higher dividend yield at 13.50%, compared with 3.27% for DHS.
HYIN is categorized as Diversified Portfolio, while DHS is Large Cap Value Equities. HYIN tracks Gapstow Liquid Alternative Credit Index, while DHS tracks WisdomTree U.S. High Dividend Index. Their fees differ too: 3.20% for HYIN and 0.38% for DHS.
DHS currently has the higher Sharpe Ratio (2.21 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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