HYXF vs. HYZD
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) are both High Yield Bonds funds - HYXF tracks the Bloomberg MSCI US High Yield Corporate Choice ESG Screened while HYZD tracks the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. Both are passively managed. Over the past 10 years, HYXF returned 5.07%/yr vs 5.67%/yr for HYZD. At a 0.45 correlation, their price movements are largely independent. HYXF charges 0.35%/yr vs 0.43%/yr for HYZD.
Performance
HYXF vs. HYZD - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 1.17% return, which is significantly lower than HYZD's 2.95% return. Over the past 10 years, HYXF has underperformed HYZD with an annualized return of 5.07%, while HYZD has yielded a comparatively higher 5.67% annualized return.
HYXF
- 1D
- -0.02%
- 1M
- 0.64%
- YTD
- 1.17%
- 6M
- 1.41%
- 1Y
- 5.28%
- 3Y*
- 8.92%
- 5Y*
- 3.58%
- 10Y*
- 5.07%
HYZD
- 1D
- -0.18%
- 1M
- 0.40%
- YTD
- 2.95%
- 6M
- 3.10%
- 1Y
- 7.29%
- 3Y*
- 9.45%
- 5Y*
- 6.14%
- 10Y*
- 5.67%
HYXF vs. HYZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.17% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 14.87% | -0.24% | 6.89% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2.95% | 7.67% | 9.39% | 11.17% | -2.35% | 6.27% | -0.63% | 9.17% | -2.21% | 6.32% |
Correlation
The correlation between HYXF and HYZD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | 0.45 |
The correlation between HYXF and HYZD shifts across timeframes, from 0.35 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYXF vs. HYZD — Risk / Return Rank
HYXF
HYZD
HYXF vs. HYZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) 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.
| HYXF | HYZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.83 | -1.77 |
| Martin ratioReturn relative to average drawdown | 9.22 | 16.42 | -7.20 |
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Drawdowns
HYXF vs. HYZD - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for HYXF and HYZD.
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Drawdown Indicators
| HYXF | HYZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -25.66% | +6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -1.91% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -5.85% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -8.97% | -7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -25.66% | +6.91% |
Current DrawdownCurrent decline from peak | -0.25% | -0.18% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -2.19% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.44% | +0.13% |
Volatility
HYXF vs. HYZD - Volatility Comparison
iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) have volatilities of 1.14% and 1.10%, 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.
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Volatility by Period
| HYXF | HYZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.10% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 2.44% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.05% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 6.71% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 8.55% | -0.24% |
HYXF vs. HYZD - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is lower than HYZD's 0.43% expense ratio.
Dividends
HYXF vs. HYZD - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.08%, more than HYZD's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.08% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% | 0.00% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 5.86% | 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
HYXF and HYZD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYXF has higher volatility (1.14%) compared to HYZD (1.10%). In terms of maximum drawdown, HYXF dropped -18.75% vs HYZD's -25.66%.
On 10-year performance, HYZD leads with 5.67% vs 5.07% for HYXF. On fees, HYXF is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HYZD has performed better with a 5.67% return vs 5.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYXF is cheaper with a 0.35% expense ratio, compared with 0.43% for HYZD.
HYXF has the higher dividend yield at 6.08%, compared with 5.86% for HYZD.
HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while HYZD tracks WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.35% for HYXF and 0.43% for HYZD.
HYZD currently has the higher Sharpe Ratio (2.41 vs 1.38), 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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