QHY vs. NTSX
QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - QHY is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond Index, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. QHY is passively managed, while NTSX is actively managed. Over the past 5 years, QHY returned 3.29%/yr vs 9.69%/yr for NTSX. A 0.69 correlation means they provide meaningful diversification when combined. QHY charges 0.38%/yr vs 0.20%/yr for NTSX.
Performance
QHY vs. NTSX - Performance Comparison
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Returns By Period
In the year-to-date period, QHY achieves a 1.54% return, which is significantly lower than NTSX's 8.62% return.
QHY
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- 1.54%
- 6M
- 1.94%
- 1Y
- 7.59%
- 3Y*
- 8.13%
- 5Y*
- 3.29%
- 10Y*
- 4.97%
NTSX
- 1D
- -1.05%
- 1M
- 4.37%
- YTD
- 8.62%
- 6M
- 7.83%
- 1Y
- 25.27%
- 3Y*
- 19.38%
- 5Y*
- 9.69%
- 10Y*
- —
QHY vs. NTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.54% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -1.50% |
NTSX WisdomTree U.S. Efficient Core Fund | 8.62% | 18.82% | 20.20% | 22.70% | -25.84% | 22.21% | 24.87% | 32.03% | -8.72% |
Correlation
The correlation between QHY and NTSX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018 | 0.69 |
The correlation between QHY and NTSX has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
QHY vs. NTSX — Risk / Return Rank
QHY
NTSX
QHY vs. NTSX - 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 WisdomTree U.S. Efficient Core Fund (NTSX). 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 | NTSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 2.06 | +0.03 |
Sortino ratioReturn per unit of downside risk | 3.17 | 2.81 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.77 | -0.03 |
Martin ratioReturn relative to average drawdown | 12.45 | 12.25 | +0.20 |
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 | NTSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 2.06 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.57 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.71 | -0.10 |
Drawdowns
QHY vs. NTSX - Drawdown Comparison
The maximum QHY drawdown since its inception was -22.74%, smaller than the maximum NTSX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for QHY and NTSX.
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Drawdown Indicators
| QHY | NTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -31.34% | +8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -9.16% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -16.82% | +12.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -31.34% | +15.13% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.05% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -6.79% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.07% | -1.46% |
Volatility
QHY vs. NTSX - Volatility Comparison
The current volatility for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) is 1.12%, while WisdomTree U.S. Efficient Core Fund (NTSX) has a volatility of 3.39%. This indicates that QHY experiences smaller price fluctuations and is considered to be less risky than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QHY | NTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.39% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 9.58% | -6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 12.31% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 17.04% | -9.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 18.27% | -10.07% |
QHY vs. NTSX - Expense Ratio Comparison
QHY has a 0.38% expense ratio, which is higher than NTSX's 0.20% expense ratio.
Dividends
QHY vs. NTSX - Dividend Comparison
QHY's dividend yield for the trailing twelve months is around 6.25%, more than NTSX's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NTSX WisdomTree U.S. Efficient Core Fund | 1.08% | 1.14% | 1.14% | 1.21% | 1.36% | 0.82% | 0.92% | 1.42% | 0.62% | 0.00% | 0.00% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.25% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% |
Frequently Asked Questions
QHY and NTSX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTSX has higher volatility (3.39%) compared to QHY (1.12%). In terms of maximum drawdown, QHY dropped -22.74% vs NTSX's -31.34%.
On 5-year performance, NTSX leads with 9.69% vs 3.29% for QHY. On fees, NTSX is cheaper at 0.20% per year. On volatility, QHY 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, NTSX has performed better with a 9.69% return vs 3.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSX is cheaper with a 0.20% expense ratio, compared with 0.38% for QHY.
QHY has the higher dividend yield at 6.25%, compared with 1.08% for NTSX.
QHY is categorized as High Yield Bonds, while NTSX is Diversified Portfolio. Their fees differ too: 0.38% for QHY and 0.20% for NTSX.
QHY currently has the higher Sharpe Ratio (2.09 vs 2.06), 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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