HYIN vs. MDIV
Compare and contrast key facts about WisdomTree Alternative Income Fund (HYIN) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
HYIN and MDIV 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. MDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Multi-Asset Diversified Income Index. It was launched on Aug 14, 2012. Both HYIN and MDIV 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. MDIV - Performance Comparison
Loading graphics...
HYIN vs. MDIV - 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% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 4.58% | 3.77% | 10.05% | 11.50% | -3.86% | 2.79% |
Returns By Period
In the year-to-date period, HYIN achieves a -6.93% return, which is significantly lower than MDIV's 4.58% return.
HYIN
- 1D
- -0.62%
- 1M
- -2.52%
- YTD
- -6.93%
- 6M
- -8.78%
- 1Y
- -9.23%
- 3Y*
- 5.53%
- 5Y*
- —
- 10Y*
- —
MDIV
- 1D
- -0.01%
- 1M
- -2.26%
- YTD
- 4.58%
- 6M
- 3.63%
- 1Y
- 5.03%
- 3Y*
- 10.12%
- 5Y*
- 6.28%
- 10Y*
- 5.01%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYIN vs. MDIV - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than MDIV's 0.73% expense ratio.
Return for Risk
HYIN vs. MDIV — Risk / Return Rank
HYIN
MDIV
HYIN vs. MDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). 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 | MDIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | 0.52 | -1.06 |
Sortino ratioReturn per unit of downside risk | -0.63 | 0.75 | -1.38 |
Omega ratioGain probability vs. loss probability | 0.91 | 1.11 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.61 | -1.20 |
Martin ratioReturn relative to average drawdown | -1.39 | 2.45 | -3.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HYIN | MDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 0.52 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.33 | -0.35 |
Correlation
The correlation between HYIN and MDIV is 0.76, 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. MDIV - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.70%, more than MDIV's 6.30% 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% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.30% | 6.51% | 6.40% | 6.08% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% |
Drawdowns
HYIN vs. MDIV - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum MDIV drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for HYIN and MDIV.
Loading graphics...
Drawdown Indicators
| HYIN | MDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -48.50% | +17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -8.78% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.50% | — |
Current DrawdownCurrent decline from peak | -12.66% | -2.26% | -10.40% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -4.64% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 2.21% | +4.36% |
Volatility
HYIN vs. MDIV - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 6.05% compared to First Trust Multi-Asset Diversified Income Index Fund (MDIV) at 2.06%. This indicates that HYIN's price experiences larger fluctuations and is considered to be riskier than MDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HYIN | MDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 2.06% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 4.81% | +5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 9.73% | +7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 11.01% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 15.27% | +1.65% |