QHY vs. FTSL
QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and FTSL (First Trust Senior Loan Fund) are both High Yield Bonds funds. QHY is passively managed, while FTSL is actively managed. Over the past 10 years, QHY returned 4.96%/yr vs 4.45%/yr for FTSL. At a 0.42 correlation, their price movements are largely independent. QHY charges 0.38%/yr vs 0.86%/yr for FTSL.
Performance
QHY vs. FTSL - Performance Comparison
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Returns By Period
In the year-to-date period, QHY achieves a 1.46% return, which is significantly higher than FTSL's 0.62% return. Over the past 10 years, QHY has outperformed FTSL with an annualized return of 4.96%, while FTSL has yielded a comparatively lower 4.45% annualized return.
QHY
- 1D
- -0.09%
- 1M
- 0.55%
- YTD
- 1.46%
- 6M
- 1.70%
- 1Y
- 7.29%
- 3Y*
- 8.10%
- 5Y*
- 3.21%
- 10Y*
- 4.96%
FTSL
- 1D
- -0.02%
- 1M
- 0.20%
- YTD
- 0.62%
- 6M
- 0.99%
- 1Y
- 4.53%
- 3Y*
- 7.34%
- 5Y*
- 5.02%
- 10Y*
- 4.45%
QHY vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.46% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 5.66% |
FTSL First Trust Senior Loan Fund | 0.62% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
Correlation
The correlation between QHY and FTSL is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2016 | 0.42 |
The correlation between QHY and FTSL has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
QHY vs. FTSL — Risk / Return Rank
QHY
FTSL
QHY vs. FTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) and First Trust Senior Loan Fund (FTSL). 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.
| QHY | FTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.51 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 1.95 | +0.69 |
| Martin ratioReturn relative to average drawdown | 12.02 | 7.25 | +4.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QHY | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.15 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 1.50 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.86 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.85 | -0.24 |
Drawdowns
QHY vs. FTSL - Drawdown Comparison
The maximum QHY drawdown since its inception was -22.74%, roughly equal to the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for QHY and FTSL.
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Drawdown Indicators
| QHY | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -22.67% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.33% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -2.66% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -6.96% | -9.25% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -22.67% | -0.07% |
Current DrawdownCurrent decline from peak | -0.09% | -0.03% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -0.76% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.63% | -0.02% |
Volatility
QHY vs. FTSL - Volatility Comparison
WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) has a higher volatility of 1.08% compared to First Trust Senior Loan Fund (FTSL) at 0.36%. This indicates that QHY's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QHY | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 0.36% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 1.95% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 2.11% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 3.35% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 5.19% | +3.01% |
QHY vs. FTSL - Expense Ratio Comparison
QHY has a 0.38% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Dividends
QHY vs. FTSL - Dividend Comparison
QHY's dividend yield for the trailing twelve months is around 6.26%, less than FTSL's 6.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 6.46% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.26% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% | 0.00% |
Frequently Asked Questions
QHY and FTSL have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QHY has higher volatility (1.08%) compared to FTSL (0.36%). In terms of maximum drawdown, QHY dropped -22.74% vs FTSL's -22.67%.
On 10-year performance, QHY leads with 4.96% vs 4.45% for FTSL. On fees, QHY is cheaper at 0.38% per year. On volatility, FTSL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QHY has performed better with a 4.96% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QHY is cheaper with a 0.38% expense ratio, compared with 0.86% for FTSL.
FTSL has the higher dividend yield at 6.46%, compared with 6.26% for QHY.
They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.38% for QHY and 0.86% for FTSL.
FTSL currently has the higher Sharpe Ratio (2.15 vs 2.01), 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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