HYZD vs. SEIX
HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) and SEIX (Virtus Seix Senior Loan 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 SEIX is a Bank Loan fund actively managed by Virtus. HYZD is passively managed, while SEIX is actively managed. Over the past 5 years, HYZD returned 6.43%/yr vs 5.79%/yr for SEIX. Their 0.20 correlation means their historical movements had little consistent relationship. HYZD charges 0.43%/yr vs 0.57%/yr for SEIX.
Performance
HYZD vs. SEIX - Performance Comparison
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Returns By Period
In the year-to-date period, HYZD achieves a 3.90% return, which is significantly higher than SEIX's 3.10% return.
HYZD
- 1D
- 0.39%
- 1M
- 0.91%
- 6M
- 3.28%
- YTD
- 3.90%
- 1Y
- 7.88%
- 3Y*
- 8.79%
- 5Y*
- 6.43%
- 10Y*
- 5.40%
- ALL TIME*
- 4.43%
SEIX
- 1D
- 0.15%
- 1M
- 0.83%
- 6M
- 3.15%
- YTD
- 3.10%
- 1Y
- 5.59%
- 3Y*
- 7.18%
- 5Y*
- 5.79%
- 10Y*
- —
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.76M | $1.59M | |
| $1.85M | $1.52M | $1.74M |
HYZD vs. SEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 3.90% | 7.67% | 9.39% | 11.17% | -2.35% | 6.27% | -0.63% | 2.18% |
SEIX Virtus Seix Senior Loan ETF | 3.10% | 5.10% | 8.42% | 12.51% | -1.77% | 5.49% | 3.17% | 3.44% |
Correlation
The correlation between HYZD and SEIX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019 | 0.20 |
The correlation between HYZD and SEIX shifts across timeframes, from 0.12 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYZD vs. SEIX — Risk / Return Rank
HYZD
SEIX
HYZD vs. SEIX - 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 Virtus Seix Senior Loan ETF (SEIX). 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 | SEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.76 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 4.97 | -0.82 |
| Martin ratioReturn relative to average drawdown | 18.11 | 19.73 | -1.62 |
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Drawdowns
HYZD vs. SEIX - Drawdown Comparison
The maximum HYZD drawdown since its inception was -25.66%, which is greater than SEIX's maximum drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for HYZD and SEIX.
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Drawdown Indicators
| HYZD | SEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -17.51% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.91% | -1.13% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -3.01% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -8.97% | -6.69% | -2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -25.66% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -0.85% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.28% | +0.16% |
Volatility
HYZD vs. SEIX - Volatility Comparison
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) has a higher volatility of 0.57% compared to Virtus Seix Senior Loan ETF (SEIX) at 0.44%. This indicates that HYZD's price experiences larger fluctuations and is considered to be riskier than SEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYZD | SEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.44% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 1.32% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.99% | 1.63% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 2.92% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.51% | 4.29% | +4.22% |
HYZD vs. SEIX - Expense Ratio Comparison
HYZD has a 0.43% expense ratio, which is lower than SEIX's 0.57% expense ratio.
Dividends
HYZD vs. SEIX - Dividend Comparison
HYZD's dividend yield for the trailing twelve months is around 5.87%, less than SEIX's 7.15% 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% |
SEIX Virtus Seix Senior Loan ETF | 7.15% | 7.52% | 8.09% | 8.74% | 5.76% | 4.16% | 3.75% | 3.82% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYZD and SEIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYZD has higher volatility (0.57%) compared to SEIX (0.44%). In terms of maximum drawdown, HYZD dropped -25.66% vs SEIX's -17.51%.
On 5-year performance, HYZD leads with 6.43% vs 5.79% for SEIX. On fees, HYZD is cheaper at 0.43% per year. On volatility, SEIX has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYZD has performed better with a 6.43% return vs 5.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYZD is cheaper with a 0.43% expense ratio, compared with 0.57% for SEIX.
SEIX has the higher dividend yield at 7.15%, compared with 5.87% for HYZD.
HYZD is categorized as High Yield Bonds, while SEIX is Bank Loan. They also come from different issuers: WisdomTree and Virtus. Their fees differ too: 0.43% for HYZD and 0.57% for SEIX.
SEIX currently has the higher Sharpe Ratio (3.45 vs 2.65), 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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