HYZD vs. CFRIX

Last updated Jun 4, 2026

HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) and CFRIX (Catalyst/CIFC Floating Rate Income Fund) are both funds - HYZD is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index, while CFRIX is a Bank Loan fund managed by Catalyst Mutual Funds. Over the past 10 years, HYZD returned 5.57%/yr vs 5.24%/yr for CFRIX. At a 0.25 correlation, their price movements are largely independent. HYZD charges 0.43%/yr vs 0.90%/yr for CFRIX.

Performance

HYZD vs. CFRIX - 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 Catalyst/CIFC Floating Rate Income Fund (CFRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYZD achieves a 2.51% return, which is significantly higher than CFRIX's 0.93% return. Over the past 10 years, HYZD has outperformed CFRIX with an annualized return of 5.57%, while CFRIX has yielded a comparatively lower 5.24% annualized return.

HYZD

• 1D: 0.09%
• 1M: 0.69%
• YTD: 2.51%
• 6M: 3.22%
• 1Y: 7.66%
• 3Y*: 9.28%
• 5Y*: 6.22%
• 10Y*: 5.57%

CFRIX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 0.93%
• 6M: 1.76%
• 1Y: 5.02%
• 3Y*: 7.50%
• 5Y*: 4.74%
• 10Y*: 5.24%

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

HYZD vs. CFRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	2.51%	7.67%	9.39%	11.17%	-2.35%	6.27%	-0.63%	9.17%	-2.21%	6.32%
CFRIX Catalyst/CIFC Floating Rate Income Fund	0.93%	6.28%	7.98%	11.65%	-3.87%	3.12%	3.45%	10.05%	0.70%	7.24%

Correlation

The correlation between HYZD and CFRIX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013	0.25

Return for Risk

HYZD vs. CFRIX — Risk / Return Rank

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

HYZD

HYZD Risk / Return Rank: 81
HYZD Sharpe Ratio Rank: 74
HYZD Sortino Ratio Rank: 86
HYZD Omega Ratio Rank: 82
HYZD Calmar Ratio Rank: 78
HYZD Martin Ratio Rank: 83

CFRIX

CFRIX Risk / Return Rank: 61
CFRIX Sharpe Ratio Rank: 50
CFRIX Sortino Ratio Rank: 86
CFRIX Omega Ratio Rank: 92
CFRIX Calmar Ratio Rank: 39
CFRIX Martin Ratio Rank: 38

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. CFRIX - 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 Catalyst/CIFC Floating Rate Income Fund (CFRIX). 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	CFRIX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.07	+0.37
Sortino ratio: Return per unit of downside risk	3.91	4.10	-0.19
Omega ratio: Gain probability vs. loss probability	1.50	1.70	-0.20
Calmar ratio: Return relative to maximum drawdown	4.03	2.35	+1.68
Martin ratio: Return relative to average drawdown	17.08	8.33	+8.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYZD vs. CFRIX - Sharpe Ratio Comparison

The current HYZD Sharpe Ratio is 2.44, which is comparable to the CFRIX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of HYZD and CFRIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYZD	CFRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.07	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	1.76	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	1.39	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.29	-0.79

Drawdowns

HYZD vs. CFRIX - Drawdown Comparison

The maximum HYZD drawdown since its inception was -25.66%, which is greater than CFRIX's maximum drawdown of -19.18%. Use the drawdown chart below to compare losses from any high point for HYZD and CFRIX.

Drawdown Indicators

	HYZD	CFRIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-19.18%	-6.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.91%	-2.19%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-5.85%	-2.55%	-3.30%
Max Drawdown (5Y) Largest decline over 5 years	-8.97%	-6.62%	-2.35%
Max Drawdown (10Y) Largest decline over 10 years	-25.66%	-19.18%	-6.48%
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-2.20%	-1.24%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	0.62%	-0.17%

Volatility

HYZD vs. CFRIX - Volatility Comparison

WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) has a higher volatility of 0.96% compared to Catalyst/CIFC Floating Rate Income Fund (CFRIX) at 0.60%. This indicates that HYZD's price experiences larger fluctuations and is considered to be riskier than CFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYZD	CFRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	0.60%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	2.35%	1.89%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	3.15%	2.49%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.70%	2.71%	+3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.57%	3.80%	+4.77%

HYZD vs. CFRIX - Expense Ratio Comparison

HYZD has a 0.43% expense ratio, which is lower than CFRIX's 0.90% expense ratio.

Dividends

HYZD vs. CFRIX - Dividend Comparison

HYZD's dividend yield for the trailing twelve months is around 5.89%, less than CFRIX's 6.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFRIX Catalyst/CIFC Floating Rate Income Fund	6.70%	6.83%	7.32%	7.13%	3.79%	2.44%	4.06%	5.50%	4.26%	4.50%	5.69%	6.27%
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	5.89%	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 CFRIX in my portfolio?

HYZD and CFRIX have a correlation of 0.19, 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 CFRIX?

HYZD has higher volatility (0.96%) compared to CFRIX (0.60%). In terms of maximum drawdown, HYZD dropped -25.66% vs CFRIX's -19.18%.

Which has better risk-adjusted returns?

HYZD currently has the higher Sharpe Ratio (2.44 vs 2.07), 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.