HYZD vs. BENJ

Last updated Jun 24, 2026

HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - HYZD is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index, while BENJ is a Ultrashort Bond fund actively managed by Horizon. HYZD is passively managed, while BENJ is actively managed. Over the past year, HYZD returned 7.29% vs 3.79% for BENJ. At a correlation of -0.05, they often move in opposite directions. HYZD charges 0.43%/yr vs 0.40%/yr for BENJ.

Performance

HYZD vs. BENJ - Performance Comparison

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

Returns By Period

In the year-to-date period, HYZD achieves a 2.95% return, which is significantly higher than BENJ's 1.64% return.

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%

BENJ

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.64%
• 6M: 1.75%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYZD vs. BENJ - Yearly Performance Comparison

	2026 (YTD)	2025
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	2.95%	5.77%
BENJ Horizon Landmark ETF	1.64%	3.72%

Correlation

The correlation between HYZD and BENJ is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	-0.05

Return for Risk

HYZD vs. BENJ — Risk / Return Rank

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

HYZD

HYZD Risk / Return Rank: 84
HYZD Sharpe Ratio Rank: 81
HYZD Sortino Ratio Rank: 89
HYZD Omega Ratio Rank: 86
HYZD Calmar Ratio Rank: 78
HYZD Martin Ratio Rank: 85

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 97
BENJ Martin Ratio Rank: 98

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.

HYZD vs. BENJ - Risk-Adjusted Trends Comparison

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

	HYZD	BENJ	Difference
Sharpe ratio: Return per unit of total volatility	2.41	5.65	-3.24
Sortino ratio: Return per unit of downside risk	3.89	9.14	-5.26
Omega ratio: Gain probability vs. loss probability	1.49	4.85	-3.36
Calmar ratio: Return relative to maximum drawdown	3.83	9.74	-5.91
Martin ratio: Return relative to average drawdown	16.42	45.97	-29.55

HYZD vs. BENJ - Sharpe Ratio Comparison

The current HYZD Sharpe Ratio is 2.41, which is lower than the BENJ Sharpe Ratio of 5.65. The chart below compares the historical Sharpe Ratios of HYZD and BENJ, 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

HYZD vs. BENJ - Drawdown Comparison

The maximum HYZD drawdown since its inception was -25.66%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for HYZD and BENJ.

Drawdown Indicators

	HYZD	BENJ	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-0.39%	-25.27%
Max Drawdown (1Y) Largest decline over 1 year	-1.91%	-0.39%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	-5.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.66%	—	—
Current Drawdown Current decline from peak	-0.18%	0.00%	-0.18%
Average Drawdown Average peak-to-trough decline	-2.19%	-0.02%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.08%	+0.36%

Volatility

HYZD vs. BENJ - Volatility Comparison

WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) has a higher volatility of 1.10% compared to Horizon Landmark ETF (BENJ) at 0.11%. This indicates that HYZD's price experiences larger fluctuations and is considered to be riskier than BENJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYZD	BENJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.11%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	2.44%	0.25%	+2.19%
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	0.67%	+2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.71%	0.60%	+6.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.55%	0.60%	+7.95%

HYZD vs. BENJ - Expense Ratio Comparison

HYZD has a 0.43% expense ratio, which is higher than BENJ's 0.40% expense ratio.

Dividends

HYZD vs. BENJ - Dividend Comparison

HYZD's dividend yield for the trailing twelve months is around 5.86%, while BENJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BENJ Horizon Landmark ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both HYZD and BENJ in my portfolio?

HYZD and BENJ have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYZD or BENJ?

HYZD has higher volatility (1.10%) compared to BENJ (0.11%). In terms of maximum drawdown, HYZD dropped -25.66% vs BENJ's -0.39%.

Which ETF is better, HYZD or BENJ?

On 1-year performance, HYZD leads with 7.29% vs 3.79% for BENJ. On fees, BENJ is cheaper at 0.40% per year. On volatility, BENJ has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYZD or BENJ?

Over the 1-year period, HYZD has performed better with a 7.29% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYZD or BENJ?

BENJ is cheaper with a 0.40% expense ratio, compared with 0.43% for HYZD.

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

HYZD has the higher dividend yield at 5.86%, compared with 0.00% for BENJ.

What is the main difference between HYZD and BENJ?

HYZD is categorized as High Yield Bonds, while BENJ is Ultrashort Bond. They also come from different issuers: WisdomTree and Horizon. Their fees differ too: 0.43% for HYZD and 0.40% for BENJ.

Which has better risk-adjusted returns?

BENJ currently has the higher Sharpe Ratio (5.65 vs 2.41), 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.