HYIN vs. GDE
HYIN (WisdomTree Alternative Income Fund) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while GDE is a Gold fund actively managed by WisdomTree. HYIN is passively managed, while GDE is actively managed. Over the past 3 years, HYIN returned 5.20%/yr vs 47.08%/yr for GDE. At a 0.47 correlation, their price movements are largely independent. HYIN charges 3.20%/yr vs 0.20%/yr for GDE.
Performance
HYIN vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -5.23% return, which is significantly lower than GDE's 11.25% return.
HYIN
- 1D
- 1.27%
- 1M
- -3.56%
- YTD
- -5.23%
- 6M
- -5.97%
- 1Y
- -3.94%
- 3Y*
- 5.20%
- 5Y*
- -0.48%
- 10Y*
- —
GDE
- 1D
- 1.33%
- 1M
- 2.08%
- YTD
- 11.25%
- 6M
- 13.51%
- 1Y
- 54.50%
- 3Y*
- 47.08%
- 5Y*
- —
- 10Y*
- —
HYIN vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -5.23% | -0.46% | 7.39% | 21.84% | -17.13% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 11.25% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between HYIN and GDE 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 | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.47 |
The correlation between HYIN and GDE shifts across timeframes, from 0.33 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYIN vs. GDE — Risk / Return Rank
HYIN
GDE
HYIN vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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 | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.42 | -2.67 |
| Martin ratioReturn relative to average drawdown | -0.54 | 7.50 | -8.05 |
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 | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 1.93 | -2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 1.17 | -1.16 |
Drawdowns
HYIN vs. GDE - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, roughly equal to the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for HYIN and GDE.
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Drawdown Indicators
| HYIN | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -32.01% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -22.66% | +7.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -22.66% | +6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | — | — |
Current DrawdownCurrent decline from peak | -11.06% | -9.99% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -7.89% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.28% | 7.29% | -0.01% |
Volatility
HYIN vs. GDE - Volatility Comparison
The current volatility for WisdomTree Alternative Income Fund (HYIN) is 3.44%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.68%. This indicates that HYIN experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 6.68% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 24.27% | -14.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 28.41% | -15.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 26.12% | -9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 26.12% | -9.31% |
HYIN vs. GDE - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
HYIN vs. GDE - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.27%, more than GDE's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.88% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% |
HYIN WisdomTree Alternative Income Fund | 13.27% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% |
Frequently Asked Questions
HYIN and GDE 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.
GDE has higher volatility (6.68%) compared to HYIN (3.44%). In terms of maximum drawdown, HYIN dropped -31.10% vs GDE's -32.01%.
On 3-year performance, GDE leads with 47.08% vs 5.20% for HYIN. On fees, GDE is cheaper at 0.20% 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 3-year period, GDE has performed better with a 47.08% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 3.20% for HYIN.
HYIN has the higher dividend yield at 13.27%, compared with 3.88% for GDE.
HYIN is categorized as Diversified Portfolio, while GDE is Gold. Their fees differ too: 3.20% for HYIN and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.93 vs -0.31), 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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