HYIN vs. VCIT
HYIN (WisdomTree Alternative Income Fund) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both exchange-traded funds - HYIN is a Diversified Portfolio fund tracking the Gapstow Liquid Alternative Credit Index, while VCIT is a Corporate Bonds fund tracking the Barclays U.S. 5-10 Year Corp Index. Both are passively managed. Over the past 5 years, HYIN returned -0.74%/yr vs 1.22%/yr for VCIT. At a 0.35 correlation, their price movements are largely independent. HYIN charges 3.20%/yr vs 0.04%/yr for VCIT.
Performance
HYIN vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, HYIN achieves a -6.43% return, which is significantly lower than VCIT's 0.18% return.
HYIN
- 1D
- -1.40%
- 1M
- -4.77%
- YTD
- -6.43%
- 6M
- -7.89%
- 1Y
- -4.98%
- 3Y*
- 4.61%
- 5Y*
- -0.74%
- 10Y*
- —
VCIT
- 1D
- -0.22%
- 1M
- 0.28%
- YTD
- 0.18%
- 6M
- 0.07%
- 1Y
- 6.13%
- 3Y*
- 6.00%
- 5Y*
- 1.22%
- 10Y*
- 2.93%
HYIN vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | -6.43% | -0.46% | 7.39% | 21.84% | -21.14% | 3.08% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.18% | 9.34% | 3.20% | 8.98% | -13.98% | 0.73% |
Correlation
The correlation between HYIN and VCIT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 7, 2021 | 0.35 |
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Return for Risk
HYIN vs. VCIT — Risk / Return Rank
HYIN
VCIT
HYIN vs. VCIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Alternative Income Fund (HYIN) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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 | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.27 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 2.08 | -2.40 |
| Martin ratioReturn relative to average drawdown | -0.69 | 6.95 | -7.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYIN | VCIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.39 | 1.50 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.19 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.75 | -0.77 |
Drawdowns
HYIN vs. VCIT - Drawdown Comparison
The maximum HYIN drawdown since its inception was -31.10%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for HYIN and VCIT.
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Drawdown Indicators
| HYIN | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.10% | -20.56% | -10.54% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -2.96% | -12.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -6.11% | -9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -31.10% | -20.56% | -10.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -12.18% | -1.36% | -10.82% |
Average DrawdownAverage peak-to-trough decline | -9.02% | -3.16% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.24% | 0.88% | +6.36% |
Volatility
HYIN vs. VCIT - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 3.10% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.38%. This indicates that HYIN's price experiences larger fluctuations and is considered to be riskier than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYIN | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 1.38% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 3.06% | +7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 4.10% | +8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 6.61% | +10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 6.28% | +10.52% |
HYIN vs. VCIT - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Dividends
HYIN vs. VCIT - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 13.44%, more than VCIT's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYIN WisdomTree Alternative Income Fund | 13.44% | 12.58% | 12.59% | 11.71% | 11.34% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.80% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
HYIN and VCIT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYIN has higher volatility (3.10%) compared to VCIT (1.38%). In terms of maximum drawdown, HYIN dropped -31.10% vs VCIT's -20.56%.
On 5-year performance, VCIT leads with 1.22% vs -0.74% for HYIN. On fees, VCIT is cheaper at 0.04% per year. On volatility, VCIT has been the lower-risk option at 1.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VCIT has performed better with a 1.22% return vs -0.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.04% expense ratio, compared with 3.20% for HYIN.
HYIN has the higher dividend yield at 13.44%, compared with 4.80% for VCIT.
HYIN is categorized as Diversified Portfolio, while VCIT is Corporate Bonds. HYIN tracks Gapstow Liquid Alternative Credit Index, while VCIT tracks Barclays U.S. 5-10 Year Corp Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 3.20% for HYIN and 0.04% for VCIT.
VCIT currently has the higher Sharpe Ratio (1.50 vs -0.39), 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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