HYIN vs. O

Last updated Jul 16, 2026

HYIN (WisdomTree Alternative Income Fund) is Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while O (Realty Income Corporation) is a stock. Over the past 5 years, HYIN returned 0.12%/yr vs 4.73%/yr for O. At a 0.43 correlation, their price movements are largely independent.

Performance

HYIN vs. O - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Alternative Income Fund (HYIN) and Realty Income Corporation (O). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYIN achieves a -3.95% return, which is significantly lower than O's 19.70% return.

HYIN

• 1D: 0.39%
• 1M: 1.92%
• 6M: -6.19%
• YTD: -3.95%
• 1Y: -6.85%
• 3Y*: 3.13%
• 5Y*: 0.12%
• 10Y*: —

O

• 1D: 3.94%
• 1M: 6.22%
• 6M: 11.13%
• YTD: 19.70%
• 1Y: 22.19%
• 3Y*: 8.22%
• 5Y*: 4.73%
• 10Y*: 4.51%

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

HYIN vs. O - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYIN WisdomTree Alternative Income Fund	-3.95%	-0.46%	7.39%	21.84%	-21.14%	2.73%
O Realty Income Corporation	19.70%	12.20%	-2.11%	-4.55%	-7.38%	13.10%

Correlation

The correlation between HYIN and O is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since May 6, 2021	0.44

Over the past year, the correlation between HYIN and O has dropped to 0.22 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

Return for Risk

HYIN vs. O — Risk / Return Rank

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

HYIN

HYIN Risk / Return Rank: 5
HYIN Sharpe Ratio Rank: 5
HYIN Sortino Ratio Rank: 5
HYIN Omega Ratio Rank: 5
HYIN Calmar Ratio Rank: 6
HYIN Martin Ratio Rank: 5

O

O Risk / Return Rank: 78
O Sharpe Ratio Rank: 82
O Sortino Ratio Rank: 77
O Omega Ratio Rank: 74
O Calmar Ratio Rank: 78
O Martin Ratio Rank: 77

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. O - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and Realty Income Corporation (O). 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	O	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	1.33	-1.86
Sortino ratio: Return per unit of downside risk	-0.67	1.87	-2.54
Omega ratio: Gain probability vs. loss probability	0.93	1.23	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.44	2.01	-2.45
Martin ratio: Return relative to average drawdown	-0.84	4.57	-5.41

HYIN vs. O - Sharpe Ratio Comparison

The current HYIN Sharpe Ratio is -0.53, which is lower than the O Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of HYIN and O, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYIN vs. O - Drawdown Comparison

The maximum HYIN drawdown since its inception was -31.10%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for HYIN and O.

Drawdown Indicators

	HYIN	O	Difference
Max Drawdown Largest peak-to-trough decline	-31.10%	-48.45%	+17.35%
Max Drawdown (1Y) Largest decline over 1 year	-15.52%	-11.10%	-4.42%
Max Drawdown (3Y) Largest decline over 3 years	-15.85%	-26.49%	+10.64%
Max Drawdown (5Y) Largest decline over 5 years	-31.10%	-34.48%	+3.38%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.28%	—
Current Drawdown Current decline from peak	-9.86%	-0.97%	-8.89%
Average Drawdown Average peak-to-trough decline	-9.07%	-9.19%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.18%	4.86%	+3.32%

Volatility

HYIN vs. O - Volatility Comparison

The current volatility for WisdomTree Alternative Income Fund (HYIN) is 3.19%, while Realty Income Corporation (O) has a volatility of 6.93%. This indicates that HYIN experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYIN	O	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	6.93%	-3.74%
Volatility (6M) Calculated over the trailing 6-month period	10.30%	13.10%	-2.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	16.74%	-3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	19.06%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	25.67%	-8.97%

Dividends

HYIN vs. O - Dividend Comparison

HYIN's dividend yield for the trailing twelve months is around 13.15%, more than O's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYIN WisdomTree Alternative Income Fund	13.15%	12.58%	12.59%	11.71%	11.34%	4.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
O Realty Income Corporation	4.93%	6.19%	5.37%	5.33%	4.68%	3.87%	4.51%	3.69%	4.19%	4.45%	4.18%	4.41%

Frequently Asked Questions

Can I hold both HYIN and O in my portfolio?

HYIN and O have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYIN or O?

O has higher volatility (6.93%) compared to HYIN (3.19%). In terms of maximum drawdown, HYIN dropped -31.10% vs O's -48.45%.

Which has better risk-adjusted returns?

O currently has the higher Sharpe Ratio (1.33 vs -0.53), 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.