PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HYIN vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYIN vs. DHS

Last updated Jun 4, 2026

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 -0.74%/yr vs 10.59%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Alternative Income Fund (HYIN) and WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HYIN achieves a -6.43% return, which is significantly lower than DHS's 9.88% return.

HYIN

1D
-1.40%
1M
-4.77%
YTD
-6.43%
6M
-7.89%
1Y
-4.98%
3Y*
4.61%
5Y*
-0.74%
10Y*
—

DHS

1D
-0.67%
1M
-0.16%
YTD
9.88%
6M
10.38%
1Y
20.55%
3Y*
16.39%
5Y*
10.59%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYIN vs. DHS - Yearly Performance Comparison

2026 (YTD)20252024202320222021
HYIN
WisdomTree Alternative Income Fund		-6.43%-0.46%7.39%21.84%-21.14%3.08%
DHS
WisdomTree US High Dividend Fund		9.88%12.87%18.02%-0.19%7.97%5.40%

Correlation

The correlation between HYIN and DHS is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (All Time)
Calculated using the full available price history since May 7, 2021

0.66

The correlation between HYIN and DHS shifts across timeframes, from 0.50 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

HYIN vs. DHS - Sectors Allocation Comparison

Sectors
HYIN
DHS

Real Estate

63.0%
2.8%

Financial Services

37.0%
22.3%

Energy

0.0%
9.4%

Basic Materials

0.0%
1.2%

Communication Services

0.0%
9.3%

Consumer Cyclical

-

5.0%

Consumer Defensive

-

18.7%

Healthcare

-

14.5%

Industrials

-

4.1%

Technology

-

3.7%

Utilities

-

9.0%

Real Estate

HYIN
63.0%
DHS
2.8%

Financial Services

HYIN
37.0%
DHS
22.3%

Energy

HYIN
0.0%
DHS
9.4%

Basic Materials

HYIN
0.0%
DHS
1.2%

Communication Services

HYIN
0.0%
DHS
9.3%

Consumer Cyclical

HYIN

-

DHS
5.0%

Consumer Defensive

HYIN

-

DHS
18.7%

Healthcare

HYIN

-

DHS
14.5%

Industrials

HYIN

-

DHS
4.1%

Technology

HYIN

-

DHS
3.7%

Utilities

HYIN

-

DHS
9.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Alternative Income Fund

WisdomTree US High Dividend Fund

Often compared with HYIN:
HYIN vs. BIZDHYIN vs. CEFSHYIN vs. PSPHYIN vs. MDIVHYIN vs. ARCCHYIN vs. VCLTHYIN vs. BND
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

HYIN vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYIN
HYIN Risk / Return Rank: 55
Overall Rank
HYIN Sharpe Ratio Rank: 55
Sharpe Ratio Rank
HYIN Sortino Ratio Rank: 55
Sortino Ratio Rank
HYIN Omega Ratio Rank: 55
Omega Ratio Rank
HYIN Calmar Ratio Rank: 66
Calmar Ratio Rank
HYIN Martin Ratio Rank: 66
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6262
Overall Rank
DHS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 6666
Sortino Ratio Rank
DHS Omega Ratio Rank: 5757
Omega Ratio Rank
DHS Calmar Ratio Rank: 6565
Calmar Ratio Rank
DHS Martin Ratio Rank: 6565
Martin Ratio Rank
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. 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.

HYINDHSDifference
Sharpe ratioReturn per unit of total volatility
-0.39
2.06

-2.45

Sortino ratioReturn per unit of downside risk
-0.47
3.09

-3.56

Omega ratioGain probability vs. loss probability

0.95

1.35

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.32

3.28

-3.60

Martin ratioReturn relative to average drawdown

-0.69

12.04

-12.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYIN vs. DHS - Sharpe Ratio Comparison

The current HYIN Sharpe Ratio is -0.39, which is lower than the DHS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of HYIN and DHS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

HYINDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.39

2.06

-2.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.04

0.77

-0.81

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.01

0.41

-0.42

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.

Loading charts...

Drawdown Indicators

HYINDHSDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-12.18%

-2.60%

-9.58%

Average Drawdown

Average peak-to-trough decline

-9.02%

-9.55%

+0.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.24%

1.71%

+5.53%

Volatility

HYIN vs. DHS - Volatility Comparison

WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 3.10% compared to WisdomTree US High Dividend Fund (DHS) at 2.88%. This indicates that HYIN's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HYINDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.10%

2.88%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

10.16%

7.32%

+2.84%

Volatility (1Y)

Calculated over the trailing 1-year period

12.76%

10.01%

+2.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.80%

13.89%

+2.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.80%

16.08%

+0.72%

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 13.44%, more than DHS's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.35%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		13.44%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.

HYIN has higher volatility (3.10%) compared to DHS (2.88%). In terms of maximum drawdown, HYIN dropped -31.10% vs DHS's -67.25%.

On 5-year performance, DHS leads with 10.59% vs -0.74% for HYIN. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 2.88%. 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 10.59% return vs -0.74%. 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 13.44%, compared with 3.35% 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 (2.06 vs -0.39), 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.

Portfolio Optimizer

Find the right allocation for HYIN and DHS

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer