HYIN vs. KBWD

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Alternative Income Fund (HYIN) and Invesco KBW High Dividend Yield Financial ETF (KBWD).

HYIN and KBWD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYIN is a passively managed fund by WisdomTree that tracks the performance of the Gapstow Liquid Alternative Credit Index. It was launched on May 6, 2021. KBWD is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Financial Sector Dividend Yield Index. It was launched on Dec 2, 2010. Both HYIN and KBWD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HYIN vs. KBWD - Performance Comparison

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

HYIN vs. KBWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYIN WisdomTree Alternative Income Fund	-6.93%	-0.46%	7.39%	21.84%	-21.14%	3.08%
KBWD Invesco KBW High Dividend Yield Financial ETF	-5.42%	5.59%	4.30%	20.21%	-19.14%	3.42%

Returns By Period

In the year-to-date period, HYIN achieves a -6.93% return, which is significantly lower than KBWD's -5.42% return.

HYIN

• 1D: -0.62%
• 1M: -2.52%
• YTD: -6.93%
• 6M: -8.78%
• 1Y: -9.23%
• 3Y*: 5.53%
• 5Y*: —
• 10Y*: —

KBWD

• 1D: -0.29%
• 1M: -4.13%
• YTD: -5.42%
• 6M: -1.52%
• 1Y: -1.83%
• 3Y*: 7.06%
• 5Y*: 1.78%
• 10Y*: 5.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYIN vs. KBWD - Expense Ratio Comparison

HYIN has a 3.20% expense ratio, which is higher than KBWD's 1.24% expense ratio.

HYIN

WisdomTree Alternative Income Fund

KBWD

Invesco KBW High Dividend Yield Financial ETF

Return for Risk

HYIN vs. KBWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYIN

HYIN Risk / Return Rank: 3
HYIN Sharpe Ratio Rank: 3
HYIN Sortino Ratio Rank: 3
HYIN Omega Ratio Rank: 3
HYIN Calmar Ratio Rank: 3
HYIN Martin Ratio Rank: 2

KBWD

KBWD Risk / Return Rank: 10
KBWD Sharpe Ratio Rank: 10
KBWD Sortino Ratio Rank: 9
KBWD Omega Ratio Rank: 9
KBWD Calmar Ratio Rank: 10
KBWD Martin Ratio Rank: 10

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. KBWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and Invesco KBW High Dividend Yield Financial ETF (KBWD). 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	KBWD	Difference
Sharpe ratio Return per unit of total volatility	-0.54	-0.09	-0.45
Sortino ratio Return per unit of downside risk	-0.63	0.01	-0.63
Omega ratio Gain probability vs. loss probability	0.91	1.00	-0.09
Calmar ratio Return relative to maximum drawdown	-0.59	-0.10	-0.49
Martin ratio Return relative to average drawdown	-1.39	-0.27	-1.12
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. KBWD - Sharpe Ratio Comparison

The current HYIN Sharpe Ratio is -0.54, which is lower than the KBWD Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of HYIN and KBWD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYIN	KBWD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.54	-0.09	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.27	-0.29

Correlation

The correlation between HYIN and KBWD is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HYIN vs. KBWD - Dividend Comparison

HYIN's dividend yield for the trailing twelve months is around 13.70%, less than KBWD's 14.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYIN WisdomTree Alternative Income Fund	13.70%	12.58%	12.59%	11.71%	11.34%	4.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KBWD Invesco KBW High Dividend Yield Financial ETF	14.11%	12.83%	12.45%	11.45%	11.32%	7.26%	9.68%	8.63%	9.47%	8.77%	8.68%	8.89%

Drawdowns

HYIN vs. KBWD - Drawdown Comparison

The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum KBWD drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for HYIN and KBWD.

Drawdown Indicators

	HYIN	KBWD	Difference
Max Drawdown Largest peak-to-trough decline	-31.10%	-58.63%	+27.53%
Max Drawdown (1Y) Largest decline over 1 year	-15.52%	-15.05%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.63%	—
Current Drawdown Current decline from peak	-12.66%	-12.14%	-0.52%
Average Drawdown Average peak-to-trough decline	-8.99%	-7.40%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	5.59%	+0.98%

Volatility

HYIN vs. KBWD - Volatility Comparison

The current volatility for WisdomTree Alternative Income Fund (HYIN) is 6.05%, while Invesco KBW High Dividend Yield Financial ETF (KBWD) has a volatility of 6.64%. This indicates that HYIN experiences smaller price fluctuations and is considered to be less risky than KBWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYIN	KBWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	6.64%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	10.23%	11.52%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	17.16%	19.67%	-2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	19.80%	-2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	23.18%	-6.26%