HYTR vs. ELD
HYTR (CP High Yield Trend ETF) and ELD (WisdomTree Emerging Markets Local Debt Fund) are both exchange-traded funds - HYTR is a High Yield Bonds fund tracking the CP High Yield Trend Index, while ELD is a Emerging Markets Bonds fund actively managed by WisdomTree. HYTR is passively managed, while ELD is actively managed. Over the past 5 years, HYTR returned 2.06%/yr vs 2.31%/yr for ELD. At a 0.42 correlation, their price movements are largely independent. HYTR charges 0.97%/yr vs 0.55%/yr for ELD.
Performance
HYTR vs. ELD - Performance Comparison
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Returns By Period
In the year-to-date period, HYTR achieves a 0.23% return, which is significantly lower than ELD's 0.74% return.
HYTR
- 1D
- -0.21%
- 1M
- 0.40%
- YTD
- 0.23%
- 6M
- 0.57%
- 1Y
- 5.31%
- 3Y*
- 6.40%
- 5Y*
- 2.06%
- 10Y*
- —
ELD
- 1D
- -0.42%
- 1M
- 0.61%
- YTD
- 0.74%
- 6M
- 1.87%
- 1Y
- 10.72%
- 3Y*
- 7.80%
- 5Y*
- 2.31%
- 10Y*
- 2.86%
HYTR vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYTR CP High Yield Trend ETF | 0.23% | 5.95% | 7.25% | 8.31% | -11.29% | 2.75% | -0.95% |
ELD WisdomTree Emerging Markets Local Debt Fund | 0.74% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.96% |
Correlation
The correlation between HYTR and ELD is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.42 |
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Return for Risk
HYTR vs. ELD — Risk / Return Rank
HYTR
ELD
HYTR vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and WisdomTree Emerging Markets Local Debt Fund (ELD). 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.
| HYTR | ELD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.51 | +0.83 |
| Martin ratioReturn relative to average drawdown | 7.73 | 5.31 | +2.42 |
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
| HYTR | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.27 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.21 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.12 | +0.17 |
Drawdowns
HYTR vs. ELD - Drawdown Comparison
The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum ELD drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for HYTR and ELD.
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Drawdown Indicators
| HYTR | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.25% | -31.92% | +18.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | -7.15% | +4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -10.89% | +5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -13.25% | -23.56% | +10.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.15% | — |
Current DrawdownCurrent decline from peak | -0.67% | -2.75% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -13.31% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.02% | -1.33% |
Volatility
HYTR vs. ELD - Volatility Comparison
The current volatility for CP High Yield Trend ETF (HYTR) is 1.10%, while WisdomTree Emerging Markets Local Debt Fund (ELD) has a volatility of 2.73%. This indicates that HYTR experiences smaller price fluctuations and is considered to be less risky than ELD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYTR | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 2.73% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 7.12% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 8.52% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 10.93% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 11.27% | -5.41% |
HYTR vs. ELD - Expense Ratio Comparison
HYTR has a 0.97% expense ratio, which is higher than ELD's 0.55% expense ratio.
Dividends
HYTR vs. ELD - Dividend Comparison
HYTR's dividend yield for the trailing twelve months is around 5.71%, less than ELD's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.82% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
HYTR CP High Yield Trend ETF | 5.71% | 5.78% | 5.55% | 5.43% | 1.24% | 3.70% | 3.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYTR and ELD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELD has higher volatility (2.73%) compared to HYTR (1.10%). In terms of maximum drawdown, HYTR dropped -13.25% vs ELD's -31.92%.
On 5-year performance, ELD leads with 2.31% vs 2.06% for HYTR. On fees, ELD is cheaper at 0.55% per year. On volatility, HYTR has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ELD has performed better with a 2.31% return vs 2.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ELD is cheaper with a 0.55% expense ratio, compared with 0.97% for HYTR.
ELD has the higher dividend yield at 5.82%, compared with 5.71% for HYTR.
HYTR is categorized as High Yield Bonds, while ELD is Emerging Markets Bonds. They also come from different issuers: Counterpoint Mutual Funds LLC and WisdomTree. Their fees differ too: 0.97% for HYTR and 0.55% for ELD.
HYTR currently has the higher Sharpe Ratio (1.46 vs 1.27), 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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