HYIN vs. VCIT
Compare and contrast key facts about WisdomTree Alternative Income Fund (HYIN) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
HYIN and VCIT 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. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009. Both HYIN and VCIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYIN or VCIT.
Correlation
The correlation between HYIN and VCIT is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HYIN vs. VCIT - Performance Comparison
Key characteristics
HYIN:
0.50
VCIT:
0.63
HYIN:
0.73
VCIT:
0.92
HYIN:
1.09
VCIT:
1.11
HYIN:
0.57
VCIT:
0.31
HYIN:
2.58
VCIT:
2.18
HYIN:
2.37%
VCIT:
1.57%
HYIN:
12.25%
VCIT:
5.42%
HYIN:
-31.10%
VCIT:
-20.56%
HYIN:
-4.15%
VCIT:
-5.38%
Returns By Period
In the year-to-date period, HYIN achieves a 6.68% return, which is significantly higher than VCIT's 2.98% return.
HYIN
6.68%
-2.03%
2.55%
6.05%
N/A
N/A
VCIT
2.98%
-0.39%
2.23%
3.44%
0.78%
2.71%
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HYIN vs. VCIT - Expense Ratio Comparison
HYIN has a 3.20% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Risk-Adjusted Performance
HYIN vs. VCIT - Risk-Adjusted Performance 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.
Dividends
HYIN vs. VCIT - Dividend Comparison
HYIN's dividend yield for the trailing twelve months is around 11.27%, more than VCIT's 4.03% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
WisdomTree Alternative Income Fund | 11.27% | 11.71% | 11.34% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Vanguard Intermediate-Term Corporate Bond ETF | 4.03% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
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. For additional features, visit the drawdowns tool.
Volatility
HYIN vs. VCIT - Volatility Comparison
WisdomTree Alternative Income Fund (HYIN) has a higher volatility of 3.69% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.72%. 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.