SIHY vs. HYZD
Compare and contrast key facts about Harbor Scientific Alpha High-Yield ETF (SIHY) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD).
SIHY and HYZD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIHY is a passively managed fund by Harbor that tracks the performance of the ICE BofA US High Yield. It was launched on Sep 14, 2021. 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. Both SIHY and HYZD 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: SIHY or HYZD.
Correlation
The correlation between SIHY and HYZD is 0.63, 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
SIHY vs. HYZD - Performance Comparison
Key characteristics
SIHY:
2.04
HYZD:
2.29
SIHY:
2.98
HYZD:
3.55
SIHY:
1.37
HYZD:
1.44
SIHY:
4.58
HYZD:
3.75
SIHY:
14.83
HYZD:
21.37
SIHY:
0.65%
HYZD:
0.47%
SIHY:
4.70%
HYZD:
4.37%
SIHY:
-13.30%
HYZD:
-25.66%
SIHY:
-0.50%
HYZD:
-0.58%
Returns By Period
In the year-to-date period, SIHY achieves a 1.24% return, which is significantly lower than HYZD's 1.44% return.
SIHY
1.24%
0.98%
4.74%
9.47%
N/A
N/A
HYZD
1.44%
0.80%
6.55%
10.02%
4.68%
4.72%
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SIHY vs. HYZD - Expense Ratio Comparison
SIHY has a 0.48% expense ratio, which is higher than HYZD's 0.43% expense ratio.
Risk-Adjusted Performance
SIHY vs. HYZD — Risk-Adjusted Performance Rank
SIHY
HYZD
SIHY vs. HYZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Scientific Alpha High-Yield ETF (SIHY) and WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD). 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
SIHY vs. HYZD - Dividend Comparison
SIHY's dividend yield for the trailing twelve months is around 7.44%, more than HYZD's 6.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIHY Harbor Scientific Alpha High-Yield ETF | 7.44% | 7.54% | 7.06% | 6.32% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund | 6.07% | 6.08% | 5.94% | 5.14% | 4.02% | 5.14% | 5.51% | 5.58% | 4.95% | 5.07% | 4.38% | 3.82% |
Drawdowns
SIHY vs. HYZD - Drawdown Comparison
The maximum SIHY drawdown since its inception was -13.30%, smaller than the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for SIHY and HYZD. For additional features, visit the drawdowns tool.
Volatility
SIHY vs. HYZD - Volatility Comparison
Harbor Scientific Alpha High-Yield ETF (SIHY) has a higher volatility of 1.51% compared to WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) at 1.36%. This indicates that SIHY's price experiences larger fluctuations and is considered to be riskier than HYZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.