HYIN vs. FSCO
HYIN (WisdomTree Alternative Income Fund) is Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past 3 years, HYIN returned 4.25%/yr vs 14.12%/yr for FSCO. At a 0.31 correlation, their price movements are largely independent.
Performance
HYIN vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -6.85% return, which is significantly higher than FSCO's -19.08% return.
HYIN
- 1D
- 0.76%
- 1M
- -0.63%
- YTD
- -6.85%
- 6M
- -5.87%
- 1Y
- -6.58%
- 3Y*
- 4.25%
- 5Y*
- -1.13%
- 10Y*
- —
FSCO
- 1D
- -0.45%
- 1M
- -4.78%
- YTD
- -19.08%
- 6M
- -15.88%
- 1Y
- -24.75%
- 3Y*
- 14.12%
- 5Y*
- —
- 10Y*
- —
HYIN vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -6.85% | -0.46% | 7.39% | 21.84% | -6.38% |
FSCO FS Credit Opportunities Corp. | -19.08% | 3.68% | 34.88% | 36.98% | -3.98% |
Correlation
The correlation between HYIN and FSCO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2022 | 0.31 |
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Return for Risk
HYIN vs. FSCO — Risk / Return Rank
HYIN
FSCO
HYIN vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and FS Credit Opportunities Corp. (FSCO). 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 | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.84 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | -0.70 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.85 | -1.37 | +0.52 |
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Drawdowns
HYIN vs. FSCO - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum FSCO drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for HYIN and FSCO.
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Drawdown Indicators
| HYIN | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -35.53% | +4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -35.53% | +20.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -35.53% | +19.68% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | — | — |
Current DrawdownCurrent decline from peak | -12.58% | -29.35% | +16.77% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -8.15% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 18.12% | -10.39% |
Volatility
HYIN vs. FSCO - Volatility Comparison
The current volatility for WisdomTree Alternative Income Fund (HYIN) is 3.44%, while FS Credit Opportunities Corp. (FSCO) has a volatility of 6.29%. This indicates that HYIN experiences smaller price fluctuations and is considered to be less risky than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 6.29% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 22.62% | -12.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 27.45% | -14.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 28.17% | -11.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 28.17% | -11.41% |
Dividends
HYIN vs. FSCO - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.50%, less than FSCO's 16.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.29% | 12.65% | 10.47% | 11.26% | 1.95% | 0.00% |
HYIN WisdomTree Alternative Income Fund | 13.50% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% |
Frequently Asked Questions
HYIN and FSCO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSCO has higher volatility (6.29%) compared to HYIN (3.44%). In terms of maximum drawdown, HYIN dropped -31.10% vs FSCO's -35.53%.
HYIN currently has the higher Sharpe Ratio (-0.51 vs -0.90), 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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