HYZD vs. WTV
HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) and WTV (WisdomTree U.S. Value 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 WTV is a Mid Cap Value Equities fund actively managed by WisdomTree. HYZD is passively managed, while WTV is actively managed. Over the past 5 years, HYZD returned 6.07%/yr vs 13.30%/yr for WTV. At a 0.46 correlation, their price movements are largely independent. HYZD charges 0.43%/yr vs 0.12%/yr for WTV.
Performance
HYZD vs. WTV - Performance Comparison
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Returns By Period
In the year-to-date period, HYZD achieves a 2.65% return, which is significantly lower than WTV's 10.40% return.
HYZD
- 1D
- -0.07%
- 1M
- 0.15%
- YTD
- 2.65%
- 6M
- 2.76%
- 1Y
- 7.08%
- 3Y*
- 9.33%
- 5Y*
- 6.07%
- 10Y*
- 5.71%
WTV
- 1D
- 0.14%
- 1M
- 0.51%
- YTD
- 10.40%
- 6M
- 9.44%
- 1Y
- 22.68%
- 3Y*
- 21.11%
- 5Y*
- 13.30%
- 10Y*
- —
HYZD vs. WTV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 2.65% | 7.67% | 9.39% | 11.17% | -2.35% | 6.27% | -0.63% | 9.17% | -2.21% | 0.59% |
WTV WisdomTree U.S. Value Fund | 10.40% | 13.51% | 23.99% | 22.35% | -8.06% | 30.59% | 6.15% | 29.69% | -8.29% | 1.58% |
Correlation
The correlation between HYZD and WTV is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.46 |
The correlation between HYZD and WTV shifts across timeframes, from 0.32 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYZD vs. WTV — Risk / Return Rank
HYZD
WTV
HYZD vs. WTV - 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. Value Fund (WTV). 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 | WTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.35 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 3.19 | +0.54 |
| Martin ratioReturn relative to average drawdown | 15.88 | 10.31 | +5.58 |
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Drawdowns
HYZD vs. WTV - Drawdown Comparison
The maximum HYZD drawdown since its inception was -25.66%, smaller than the maximum WTV drawdown of -42.18%. Use the drawdown chart below to compare losses from any high point for HYZD and WTV.
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Drawdown Indicators
| HYZD | WTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.66% | -42.18% | +16.52% |
Max Drawdown (1Y)Largest decline over 1 year | -1.91% | -7.15% | +5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -18.49% | +12.64% |
Max Drawdown (5Y)Largest decline over 5 years | -8.97% | -19.30% | +10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -25.66% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -1.24% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -5.03% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 2.21% | -1.76% |
Volatility
HYZD vs. WTV - Volatility Comparison
The current volatility for WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is 1.12%, while WisdomTree U.S. Value Fund (WTV) has a volatility of 3.37%. This indicates that HYZD experiences smaller price fluctuations and is considered to be less risky than WTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYZD | WTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.37% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 8.19% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 11.86% | -8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 17.07% | -10.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 20.15% | -11.61% |
HYZD vs. WTV - Expense Ratio Comparison
HYZD has a 0.43% expense ratio, which is higher than WTV's 0.12% expense ratio.
Dividends
HYZD vs. WTV - Dividend Comparison
HYZD's dividend yield for the trailing twelve months is around 5.91%, more than WTV's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 5.91% | 6.05% | 6.08% | 5.94% | 5.14% | 4.02% | 5.13% | 5.50% | 5.58% | 4.94% | 5.07% | 4.38% |
WTV WisdomTree U.S. Value Fund | 1.93% | 1.59% | 1.54% | 1.62% | 2.08% | 1.55% | 1.63% | 1.44% | 1.94% | 0.41% | 0.00% | 0.00% |
Frequently Asked Questions
HYZD and WTV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTV has higher volatility (3.37%) compared to HYZD (1.12%). In terms of maximum drawdown, HYZD dropped -25.66% vs WTV's -42.18%.
On 5-year performance, WTV leads with 13.30% vs 6.07% for HYZD. On fees, WTV is cheaper at 0.12% per year. On volatility, HYZD has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WTV has performed better with a 13.30% return vs 6.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTV is cheaper with a 0.12% expense ratio, compared with 0.43% for HYZD.
HYZD has the higher dividend yield at 5.91%, compared with 1.93% for WTV.
HYZD is categorized as High Yield Bonds, while WTV is Mid Cap Value Equities. Their fees differ too: 0.43% for HYZD and 0.12% for WTV.
HYZD currently has the higher Sharpe Ratio (2.34 vs 1.93), 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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