HYZD vs. NTSX

Last updated Jun 5, 2026

HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) 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 NTSX is a Diversified Portfolio fund actively managed by WisdomTree. HYZD is passively managed, while NTSX is actively managed. Over the past 5 years, HYZD returned 6.30%/yr vs 9.87%/yr for NTSX. At a 0.46 correlation, their price movements are largely independent. HYZD charges 0.43%/yr vs 0.20%/yr for NTSX.

Performance

HYZD vs. NTSX - 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 WisdomTree U.S. Efficient Core Fund (NTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYZD achieves a 2.88% return, which is significantly lower than NTSX's 9.50% return.

HYZD

• 1D: 0.35%
• 1M: 0.87%
• YTD: 2.88%
• 6M: 3.60%
• 1Y: 7.82%
• 3Y*: 9.46%
• 5Y*: 6.30%
• 10Y*: 5.60%

NTSX

• 1D: 0.81%
• 1M: 4.30%
• YTD: 9.50%
• 6M: 8.89%
• 1Y: 25.65%
• 3Y*: 19.75%
• 5Y*: 9.87%
• 10Y*: —

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

HYZD vs. NTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	2.88%	7.67%	9.39%	11.17%	-2.35%	6.27%	-0.63%	9.17%	-4.67%
NTSX WisdomTree U.S. Efficient Core Fund	9.50%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	32.03%	-8.72%

Correlation

The correlation between HYZD and NTSX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018	0.46

The correlation between HYZD and NTSX shifts across timeframes, from 0.33 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.

HYZD vs. NTSX - Sectors Allocation Comparison

Sectors	HYZD	NTSX
Energy	100.0%	3.5%
Basic Materials	-	1.4%
Communication Services	-	12.5%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	5.5%
Financial Services	-	12.3%
Healthcare	-	8.4%
Industrials	-	7.7%
Real Estate	-	1.5%
Technology	-	35.1%
Utilities	-	2.1%

Return for Risk

HYZD vs. NTSX — Risk / Return Rank

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

HYZD

HYZD Risk / Return Rank: 83
HYZD Sharpe Ratio Rank: 78
HYZD Sortino Ratio Rank: 88
HYZD Omega Ratio Rank: 85
HYZD Calmar Ratio Rank: 80
HYZD Martin Ratio Rank: 85

NTSX

NTSX Risk / Return Rank: 63
NTSX Sharpe Ratio Rank: 64
NTSX Sortino Ratio Rank: 62
NTSX Omega Ratio Rank: 63
NTSX Calmar Ratio Rank: 58
NTSX Martin Ratio Rank: 68

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. NTSX - 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 WisdomTree U.S. Efficient Core Fund (NTSX). 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	NTSX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.09	+0.39
Sortino ratio: Return per unit of downside risk	3.99	2.84	+1.14
Omega ratio: Gain probability vs. loss probability	1.51	1.38	+0.13
Calmar ratio: Return relative to maximum drawdown	4.11	2.81	+1.30
Martin ratio: Return relative to average drawdown	17.47	12.44	+5.02
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. NTSX - Sharpe Ratio Comparison

The current HYZD Sharpe Ratio is 2.48, which is comparable to the NTSX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of HYZD and NTSX, 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	NTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.09	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.58	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.72	-0.21

Drawdowns

HYZD vs. NTSX - Drawdown Comparison

The maximum HYZD drawdown since its inception was -25.66%, smaller than the maximum NTSX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for HYZD and NTSX.

Drawdown Indicators

	HYZD	NTSX	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-31.34%	+5.68%
Max Drawdown (1Y) Largest decline over 1 year	-1.91%	-9.16%	+7.25%
Max Drawdown (3Y) Largest decline over 3 years	-5.85%	-16.82%	+10.97%
Max Drawdown (5Y) Largest decline over 5 years	-8.97%	-31.34%	+22.37%
Max Drawdown (10Y) Largest decline over 10 years	-25.66%	—	—
Current Drawdown Current decline from peak	0.00%	-0.25%	+0.25%
Average Drawdown Average peak-to-trough decline	-2.20%	-6.79%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	2.07%	-1.62%

Volatility

HYZD vs. NTSX - Volatility Comparison

The current volatility for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is 1.00%, while WisdomTree U.S. Efficient Core Fund (NTSX) has a volatility of 3.38%. This indicates that HYZD experiences smaller price fluctuations and is considered to be less risky than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYZD	NTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	3.38%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	2.37%	9.61%	-7.24%
Volatility (1Y) Calculated over the trailing 1-year period	3.17%	12.32%	-9.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.70%	17.04%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.57%	18.27%	-9.70%

HYZD vs. NTSX - Expense Ratio Comparison

HYZD has a 0.43% expense ratio, which is higher than NTSX's 0.20% expense ratio.

Dividends

HYZD vs. NTSX - Dividend Comparison

HYZD's dividend yield for the trailing twelve months is around 5.87%, more than NTSX's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NTSX WisdomTree U.S. Efficient Core Fund	1.07%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYZD and NTSX in my portfolio?

HYZD and NTSX have a correlation of 0.33, 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 NTSX?

NTSX has higher volatility (3.38%) compared to HYZD (1.00%). In terms of maximum drawdown, HYZD dropped -25.66% vs NTSX's -31.34%.

Which ETF is better, HYZD or NTSX?

On 5-year performance, NTSX leads with 9.87% vs 6.30% for HYZD. On fees, NTSX is cheaper at 0.20% per year. On volatility, HYZD has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYZD or NTSX?

Over the 5-year period, NTSX has performed better with a 9.87% return vs 6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYZD or NTSX?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.43% for HYZD.

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

HYZD has the higher dividend yield at 5.87%, compared with 1.07% for NTSX.

What is the main difference between HYZD and NTSX?

HYZD is categorized as High Yield Bonds, while NTSX is Diversified Portfolio. Their fees differ too: 0.43% for HYZD and 0.20% for NTSX.

Which has better risk-adjusted returns?

HYZD currently has the higher Sharpe Ratio (2.48 vs 2.09), 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.