HYZD vs. VOO
Compare and contrast key facts about WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and Vanguard S&P 500 ETF (VOO).
HYZD and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both HYZD and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYZD or VOO.
Key characteristics
| HYZD | VOO | |
|---|---|---|
| YTD Return | 9.92% | 27.26% |
| 1Y Return | 13.57% | 37.86% |
| 3Y Return (Ann) | 6.36% | 10.35% |
| 5Y Return (Ann) | 5.16% | 16.03% |
| 10Y Return (Ann) | 4.61% | 13.45% |
| Sharpe Ratio | 3.02 | 3.25 |
| Sortino Ratio | 4.65 | 4.31 |
| Omega Ratio | 1.59 | 1.61 |
| Calmar Ratio | 5.08 | 4.74 |
| Martin Ratio | 29.12 | 21.63 |
| Ulcer Index | 0.47% | 1.85% |
| Daily Std Dev | 4.50% | 12.25% |
| Max Drawdown | -25.66% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HYZD and VOO is 0.42, 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.
Performance
HYZD vs. VOO - Performance Comparison
In the year-to-date period, HYZD achieves a 9.92% return, which is significantly lower than VOO's 27.26% return. Over the past 10 years, HYZD has underperformed VOO with an annualized return of 4.61%, while VOO has yielded a comparatively higher 13.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HYZD vs. VOO - Expense Ratio Comparison
HYZD has a 0.43% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
HYZD vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
HYZD vs. VOO - Dividend Comparison
HYZD's dividend yield for the trailing twelve months is around 6.05%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 6.05% | 5.94% | 5.14% | 4.02% | 5.14% | 5.51% | 5.58% | 4.95% | 5.07% | 4.38% | 3.82% | 0.10% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
HYZD vs. VOO - Drawdown Comparison
The maximum HYZD drawdown since its inception was -25.66%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HYZD and VOO. For additional features, visit the drawdowns tool.
Volatility
HYZD vs. VOO - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is 1.20%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.92%. This indicates that HYZD experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.