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HYIN vs. MDIV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYIN and MDIV is 0.79, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

HYIN vs. MDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Alternative Income Fund (HYIN) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
-0.89%
18.46%
HYIN
MDIV

Key characteristics

Sharpe Ratio

HYIN:

-0.07

MDIV:

0.51

Sortino Ratio

HYIN:

-0.00

MDIV:

0.70

Omega Ratio

HYIN:

1.00

MDIV:

1.10

Calmar Ratio

HYIN:

-0.09

MDIV:

0.68

Martin Ratio

HYIN:

-0.41

MDIV:

2.62

Ulcer Index

HYIN:

2.46%

MDIV:

1.74%

Daily Std Dev

HYIN:

13.90%

MDIV:

8.95%

Max Drawdown

HYIN:

-31.10%

MDIV:

-48.51%

Current Drawdown

HYIN:

-11.50%

MDIV:

-6.66%

Returns By Period

In the year-to-date period, HYIN achieves a -6.82% return, which is significantly lower than MDIV's -2.72% return.


HYIN

YTD

-6.82%

1M

-9.43%

6M

-7.82%

1Y

-0.69%

5Y*

N/A

10Y*

N/A

MDIV

YTD

-2.72%

1M

-5.07%

6M

-4.00%

1Y

4.56%

5Y*

14.27%

10Y*

3.17%

*Annualized

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.


HYIN
WisdomTree Alternative Income Fund
Expense ratio chart for HYIN: current value is 3.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYIN: 3.20%
Expense ratio chart for MDIV: current value is 0.73%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MDIV: 0.73%

Risk-Adjusted Performance

HYIN vs. MDIV — Risk-Adjusted Performance Rank

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

HYIN
The Risk-Adjusted Performance Rank of HYIN is 2727
Overall Rank
The Sharpe Ratio Rank of HYIN is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of HYIN is 2727
Sortino Ratio Rank
The Omega Ratio Rank of HYIN is 2727
Omega Ratio Rank
The Calmar Ratio Rank of HYIN is 2727
Calmar Ratio Rank
The Martin Ratio Rank of HYIN is 2525
Martin Ratio Rank

MDIV
The Risk-Adjusted Performance Rank of MDIV is 6969
Overall Rank
The Sharpe Ratio Rank of MDIV is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of MDIV is 6363
Sortino Ratio Rank
The Omega Ratio Rank of MDIV is 6666
Omega Ratio Rank
The Calmar Ratio Rank of MDIV is 7575
Calmar Ratio Rank
The Martin Ratio Rank of MDIV is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HYIN vs. MDIV - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for HYIN, currently valued at -0.07, compared to the broader market-1.000.001.002.003.004.005.00
HYIN: -0.07
MDIV: 0.51
The chart of Sortino ratio for HYIN, currently valued at -0.00, compared to the broader market-2.000.002.004.006.008.0010.00
HYIN: -0.00
MDIV: 0.70
The chart of Omega ratio for HYIN, currently valued at 1.00, compared to the broader market0.501.001.502.002.50
HYIN: 1.00
MDIV: 1.10
The chart of Calmar ratio for HYIN, currently valued at -0.09, compared to the broader market0.005.0010.0015.00
HYIN: -0.09
MDIV: 0.68
The chart of Martin ratio for HYIN, currently valued at -0.41, compared to the broader market0.0020.0040.0060.0080.00
HYIN: -0.41
MDIV: 2.62

The current HYIN Sharpe Ratio is -0.07, which is lower than the MDIV Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of HYIN and MDIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
-0.07
0.51
HYIN
MDIV

Dividends

HYIN vs. MDIV - Dividend Comparison

HYIN's dividend yield for the trailing twelve months is around 13.52%, more than MDIV's 6.73% yield.


TTM20242023202220212020201920182017201620152014
HYIN
WisdomTree Alternative Income Fund
13.52%12.59%11.71%11.34%4.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MDIV
First Trust Multi-Asset Diversified Income Index Fund
6.73%6.40%6.47%6.71%5.30%6.00%5.90%6.76%6.04%6.35%7.38%5.73%

Drawdowns

HYIN vs. MDIV - Drawdown Comparison

The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum MDIV drawdown of -48.51%. Use the drawdown chart below to compare losses from any high point for HYIN and MDIV. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-11.50%
-6.66%
HYIN
MDIV

Volatility

HYIN vs. MDIV - Volatility Comparison

WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 7.99% compared to First Trust Multi-Asset Diversified Income Index Fund (MDIV) at 5.05%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%NovemberDecember2025FebruaryMarchApril
7.99%
5.05%
HYIN
MDIV
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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