HYZD vs. BKHY
Compare and contrast key facts about WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and BNY Mellon High Yield Beta ETF (BKHY).
HYZD and BKHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYZD is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. It was launched on Dec 18, 2013. BKHY is a passively managed fund by BNY Mellon that tracks the performance of the Bloomberg US Corporate High Yield Index. It was launched on Apr 24, 2020. Both HYZD and BKHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYZD vs. BKHY - Performance Comparison
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HYZD vs. BKHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 0.17% | 7.67% | 9.39% | 11.17% | -2.35% | 6.27% | 14.00% |
BKHY BNY Mellon High Yield Beta ETF | 0.00% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
Returns By Period
HYZD
- 1D
- 1.09%
- 1M
- -0.00%
- YTD
- 0.17%
- 6M
- 1.71%
- 1Y
- 7.53%
- 3Y*
- 8.76%
- 5Y*
- 5.86%
- 10Y*
- 5.80%
BKHY
- 1D
- 0.33%
- 1M
- -0.70%
- YTD
- 0.00%
- 6M
- 1.02%
- 1Y
- 7.14%
- 3Y*
- 8.32%
- 5Y*
- 4.07%
- 10Y*
- —
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HYZD vs. BKHY - Expense Ratio Comparison
HYZD has a 0.43% expense ratio, which is higher than BKHY's 0.22% expense ratio.
Return for Risk
HYZD vs. BKHY — Risk / Return Rank
HYZD
BKHY
HYZD vs. BKHY - 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 BNY Mellon High Yield Beta ETF (BKHY). 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.
| HYZD | BKHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.24 | +0.13 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.72 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.75 | +0.05 |
Martin ratioReturn relative to average drawdown | 10.45 | 8.91 | +1.54 |
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
| HYZD | BKHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.24 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.54 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.87 | -0.39 |
Correlation
The correlation between HYZD and BKHY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYZD vs. BKHY - Dividend Comparison
HYZD's dividend yield for the trailing twelve months is around 6.04%, less than BKHY's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 6.04% | 6.05% | 6.08% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% |
BKHY BNY Mellon High Yield Beta ETF | 7.73% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYZD vs. BKHY - Drawdown Comparison
The maximum HYZD drawdown since its inception was -25.66%, which is greater than BKHY's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for HYZD and BKHY.
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Drawdown Indicators
| HYZD | BKHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -15.89% | -9.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -4.20% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -8.97% | -15.89% | +6.92% |
Max Drawdown (10Y)Largest decline over 10 years | -25.66% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -1.11% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -3.05% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.83% | -0.07% |
Volatility
HYZD vs. BKHY - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is 1.63%, while BNY Mellon High Yield Beta ETF (BKHY) has a volatility of 2.32%. This indicates that HYZD experiences smaller price fluctuations and is considered to be less risky than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYZD | BKHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 2.32% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.87% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 5.80% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 7.56% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 7.44% | +1.24% |