HYZD vs. SIHY
HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) and SIHY (Harbor Scientific Alpha High-Yield ETF) are both High Yield Bonds funds - HYZD tracks the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index while SIHY tracks the ICE BofA US High Yield. Both are passively managed. Over the past 3 years, HYZD returned 9.52%/yr vs 9.88%/yr for SIHY. A 0.59 correlation means they provide meaningful diversification when combined. HYZD charges 0.43%/yr vs 0.48%/yr for SIHY.
Performance
HYZD vs. SIHY - Performance Comparison
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Returns By Period
In the year-to-date period, HYZD achieves a 3.13% return, which is significantly higher than SIHY's 2.61% return.
HYZD
- 1D
- 0.28%
- 1M
- 0.58%
- YTD
- 3.13%
- 6M
- 3.46%
- 1Y
- 7.82%
- 3Y*
- 9.52%
- 5Y*
- 6.20%
- 10Y*
- 5.69%
SIHY
- 1D
- 0.02%
- 1M
- 1.43%
- YTD
- 2.61%
- 6M
- 2.77%
- 1Y
- 8.01%
- 3Y*
- 9.88%
- 5Y*
- —
- 10Y*
- —
HYZD vs. SIHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 3.13% | 7.67% | 9.39% | 11.17% | -2.35% | 1.14% |
SIHY Harbor Scientific Alpha High-Yield ETF | 2.61% | 8.13% | 8.67% | 13.31% | -7.73% | 0.18% |
Correlation
The correlation between HYZD and SIHY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.59 |
Over the past year, the correlation between HYZD and SIHY has dropped to 0.34 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
HYZD vs. SIHY — Risk / Return Rank
HYZD
SIHY
HYZD vs. SIHY - 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 Harbor Scientific Alpha High-Yield ETF (SIHY). 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 | SIHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 2.54 | +1.57 |
| Martin ratioReturn relative to average drawdown | 17.62 | 10.49 | +7.12 |
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Drawdowns
HYZD vs. SIHY - Drawdown Comparison
The maximum HYZD drawdown since its inception was -25.66%, which is greater than SIHY's maximum drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for HYZD and SIHY.
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Drawdown Indicators
| HYZD | SIHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -13.30% | -12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.91% | -3.17% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -5.36% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -8.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.66% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -2.75% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.77% | -0.33% |
Volatility
HYZD vs. SIHY - Volatility Comparison
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and Harbor Scientific Alpha High-Yield ETF (SIHY) have volatilities of 1.11% and 1.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYZD | SIHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.10% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.43% | 3.13% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 4.22% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 7.55% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.57% | 7.55% | +1.02% |
HYZD vs. SIHY - Expense Ratio Comparison
HYZD has a 0.43% expense ratio, which is lower than SIHY's 0.48% expense ratio.
Dividends
HYZD vs. SIHY - Dividend Comparison
HYZD's dividend yield for the trailing twelve months is around 5.85%, less than SIHY's 7.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 5.85% | 6.05% | 6.08% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% |
SIHY Harbor Scientific Alpha High-Yield ETF | 7.20% | 7.61% | 7.54% | 7.06% | 6.31% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYZD and SIHY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYZD has higher volatility (1.11%) compared to SIHY (1.10%). In terms of maximum drawdown, HYZD dropped -25.66% vs SIHY's -13.30%.
On 3-year performance, SIHY leads with 9.88% vs 9.52% for HYZD. On fees, HYZD is cheaper at 0.43% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SIHY has performed better with a 9.88% return vs 9.52%. 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 0.48% for SIHY.
SIHY has the higher dividend yield at 7.20%, compared with 5.85% for HYZD.
HYZD tracks WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index, while SIHY tracks ICE BofA US High Yield. They also come from different issuers: WisdomTree and Harbor. Their fees differ too: 0.43% for HYZD and 0.48% for SIHY.
HYZD currently has the higher Sharpe Ratio (2.58 vs 1.91), 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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