HYTR vs. HYZD

Last updated Jun 21, 2026

HYTR (CP High Yield Trend ETF) and HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) are both High Yield Bonds funds - HYTR tracks the CP High Yield Trend Index while HYZD tracks the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. Both are passively managed. Over the past 5 years, HYTR returned 2.10%/yr vs 6.16%/yr for HYZD. At a 0.39 correlation, their price movements are largely independent. HYTR charges 0.97%/yr vs 0.43%/yr for HYZD.

Performance

HYTR vs. HYZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CP High Yield Trend ETF (HYTR) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYTR achieves a 0.59% return, which is significantly lower than HYZD's 2.84% return.

HYTR

• 1D: 0.27%
• 1M: 0.66%
• YTD: 0.59%
• 6M: 0.96%
• 1Y: 4.99%
• 3Y*: 6.36%
• 5Y*: 2.10%
• 10Y*: —

HYZD

• 1D: 0.12%
• 1M: 0.45%
• YTD: 2.84%
• 6M: 3.15%
• 1Y: 7.51%
• 3Y*: 8.98%
• 5Y*: 6.16%
• 10Y*: 5.55%

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

HYTR vs. HYZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HYTR CP High Yield Trend ETF	0.59%	5.95%	7.25%	8.31%	-11.29%	2.75%	-0.97%
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	2.84%	7.67%	9.39%	11.17%	-2.35%	6.27%	-1.61%

Correlation

The correlation between HYTR and HYZD is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.39

Return for Risk

HYTR vs. HYZD — Risk / Return Rank

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

HYTR

HYTR Risk / Return Rank: 47
HYTR Sharpe Ratio Rank: 45
HYTR Sortino Ratio Rank: 46
HYTR Omega Ratio Rank: 46
HYTR Calmar Ratio Rank: 49
HYTR Martin Ratio Rank: 48

HYZD

HYZD Risk / Return Rank: 86
HYZD Sharpe Ratio Rank: 83
HYZD Sortino Ratio Rank: 91
HYZD Omega Ratio Rank: 88
HYZD Calmar Ratio Rank: 80
HYZD Martin Ratio Rank: 86

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.

HYTR vs. HYZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD). 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.

	HYTR	HYZD	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.52	-1.02
Sortino ratio: Return per unit of downside risk	2.22	4.06	-1.84
Omega ratio: Gain probability vs. loss probability	1.28	1.52	-0.24
Calmar ratio: Return relative to maximum drawdown	2.32	3.99	-1.67
Martin ratio: Return relative to average drawdown	7.62	17.11	-9.49

HYTR vs. HYZD - Sharpe Ratio Comparison

The current HYTR Sharpe Ratio is 1.50, which is lower than the HYZD Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of HYTR and HYZD, 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

HYTR vs. HYZD - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for HYTR and HYZD.

Drawdown Indicators

	HYTR	HYZD	Difference
Max Drawdown Largest peak-to-trough decline	-13.25%	-25.66%	+12.41%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-1.91%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	-4.93%	-5.85%	+0.92%
Max Drawdown (5Y) Largest decline over 5 years	-13.25%	-8.97%	-4.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.66%	—
Current Drawdown Current decline from peak	-0.32%	-0.20%	-0.12%
Average Drawdown Average peak-to-trough decline	-4.11%	-2.20%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	0.44%	+0.25%

Volatility

HYTR vs. HYZD - Volatility Comparison

CP High Yield Trend ETF (HYTR) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) have volatilities of 1.10% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYTR	HYZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	1.08%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	2.42%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	3.04%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.63%	6.70%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.85%	8.56%	-2.71%

HYTR vs. HYZD - Expense Ratio Comparison

HYTR has a 0.97% expense ratio, which is higher than HYZD's 0.43% expense ratio.

Dividends

HYTR vs. HYZD - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.73%, less than HYZD's 5.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYTR CP High Yield Trend ETF	5.73%	5.78%	5.55%	5.43%	1.24%	3.70%	3.05%	0.00%	0.00%	0.00%	0.00%	0.00%
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	5.87%	6.05%	6.08%	5.94%	5.14%	4.02%	5.13%	5.50%	5.58%	4.94%	5.07%	4.38%

Frequently Asked Questions

Can I hold both HYTR and HYZD in my portfolio?

HYTR and HYZD have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYTR or HYZD?

HYTR has higher volatility (1.10%) compared to HYZD (1.08%). In terms of maximum drawdown, HYTR dropped -13.25% vs HYZD's -25.66%.

Which ETF is better, HYTR or HYZD?

On 5-year performance, HYZD leads with 6.16% vs 2.10% for HYTR. On fees, HYZD is cheaper at 0.43% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYTR or HYZD?

Over the 5-year period, HYZD has performed better with a 6.16% return vs 2.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYTR or HYZD?

HYZD is cheaper with a 0.43% expense ratio, compared with 0.97% for HYTR.

Which ETF pays a higher dividend yield, HYTR or HYZD?

HYZD has the higher dividend yield at 5.87%, compared with 5.73% for HYTR.

What is the main difference between HYTR and HYZD?

HYTR tracks CP High Yield Trend Index, while HYZD tracks WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. They also come from different issuers: Counterpoint Mutual Funds LLC and WisdomTree. Their fees differ too: 0.97% for HYTR and 0.43% for HYZD.

Which has better risk-adjusted returns?

HYZD currently has the higher Sharpe Ratio (2.52 vs 1.50), 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.