HYIN vs. IBIC
HYIN (WisdomTree Alternative Income Fund) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, HYIN returned -7.28% vs 4.38% for IBIC. At a 0.07 correlation, their price movements are largely independent. HYIN charges 3.20%/yr vs 0.10%/yr for IBIC.
Performance
HYIN vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -7.55% return, which is significantly lower than IBIC's 2.39% return.
HYIN
- 1D
- -0.92%
- 1M
- -1.38%
- YTD
- -7.55%
- 6M
- -7.18%
- 1Y
- -7.28%
- 3Y*
- 3.99%
- 5Y*
- -1.11%
- 10Y*
- —
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYIN vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -7.55% | -0.46% | 7.39% | 4.57% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between HYIN and IBIC is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.07 |
The correlation between HYIN and IBIC shifts across timeframes, from -0.07 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYIN vs. IBIC — Risk / Return Rank
HYIN
IBIC
HYIN vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.51 | ||
| Sortino ratioReturn per unit of downside risk | -9.62 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 2.21 | -1.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 16.41 | -16.88 |
| Martin ratioReturn relative to average drawdown | -0.95 | 58.11 | -59.06 |
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Drawdowns
HYIN vs. IBIC - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for HYIN and IBIC.
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Drawdown Indicators
| HYIN | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -0.90% | -30.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -0.27% | -15.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | — | — |
Current DrawdownCurrent decline from peak | -13.24% | -0.11% | -13.13% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -0.10% | -8.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 0.08% | +7.61% |
Volatility
HYIN vs. IBIC - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 3.34% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that HYIN's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 0.16% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 0.67% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 0.89% | +12.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.77% | 1.57% | +15.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 1.57% | +15.19% |
HYIN vs. IBIC - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
HYIN vs. IBIC - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.60%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | 13.60% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% |
Frequently Asked Questions
HYIN and IBIC have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYIN has higher volatility (3.34%) compared to IBIC (0.16%). In terms of maximum drawdown, HYIN dropped -31.10% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.38% vs -7.28% for HYIN. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.38% return vs -7.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 3.20% for HYIN.
HYIN has the higher dividend yield at 13.60%, compared with 3.59% for IBIC.
HYIN is categorized as Diversified Portfolio, while IBIC is Inflation-Protected Bonds. HYIN tracks Gapstow Liquid Alternative Credit Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 3.20% for HYIN and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs -0.57), 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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