WFHY vs. FTEC

Last updated Jun 4, 2026

WFHY (WisdomTree U.S. High Yield Corporate Bond Fund) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - WFHY is a High Yield Bonds fund tracking the WisdomTree Fundamental U.S. High Yield Corporate Bond Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, WFHY returned 4.96%/yr vs 25.57%/yr for FTEC. A 0.54 correlation means they provide meaningful diversification when combined. WFHY charges 0.38%/yr vs 0.08%/yr for FTEC.

Performance

WFHY vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFHY achieves a 1.46% return, which is significantly lower than FTEC's 31.89% return. Over the past 10 years, WFHY has underperformed FTEC with an annualized return of 4.96%, while FTEC has yielded a comparatively higher 25.57% annualized return.

WFHY

• 1D: -0.09%
• 1M: 0.55%
• YTD: 1.46%
• 6M: 1.70%
• 1Y: 7.29%
• 3Y*: 8.10%
• 5Y*: 3.21%
• 10Y*: 4.96%

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WFHY vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFHY WisdomTree U.S. High Yield Corporate Bond Fund	1.46%	9.61%	5.92%	10.12%	-11.81%	4.12%	5.99%	15.65%	-0.06%	5.66%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between WFHY and FTEC is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Apr 28, 2016	0.54

The correlation between WFHY and FTEC has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

Return for Risk

WFHY vs. FTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WFHY

WFHY Risk / Return Rank: 63
WFHY Sharpe Ratio Rank: 60
WFHY Sortino Ratio Rank: 67
WFHY Omega Ratio Rank: 66
WFHY Calmar Ratio Rank: 54
WFHY Martin Ratio Rank: 66

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WFHY vs. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.

	WFHY	FTEC	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.97	-0.96
Sortino ratio: Return per unit of downside risk	3.05	3.65	-0.61
Omega ratio: Gain probability vs. loss probability	1.39	1.48	-0.08
Calmar ratio: Return relative to maximum drawdown	2.65	3.76	-1.12
Martin ratio: Return relative to average drawdown	12.02	12.10	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WFHY vs. FTEC - Sharpe Ratio Comparison

The current WFHY Sharpe Ratio is 2.01, which is lower than the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of WFHY and FTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WFHY	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.97	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.90	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	1.04	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.99	-0.37

Drawdowns

WFHY vs. FTEC - Drawdown Comparison

The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for WFHY and FTEC.

Drawdown Indicators

	WFHY	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-22.74%	-34.95%	+12.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-16.26%	+13.49%
Max Drawdown (3Y) Largest decline over 3 years	-4.58%	-27.30%	+22.72%
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	-34.95%	+18.74%
Max Drawdown (10Y) Largest decline over 10 years	-22.74%	-34.95%	+12.21%
Current Drawdown Current decline from peak	-0.09%	-1.49%	+1.40%
Average Drawdown Average peak-to-trough decline	-2.75%	-5.56%	+2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	5.05%	-4.44%

Volatility

WFHY vs. FTEC - Volatility Comparison

The current volatility for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) is 1.08%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.43%. This indicates that WFHY experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFHY	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	6.43%	-5.35%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	16.14%	-13.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	20.63%	-16.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	25.23%	-17.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.20%	24.69%	-16.49%

WFHY vs. FTEC - Expense Ratio Comparison

WFHY has a 0.38% expense ratio, which is higher than FTEC's 0.08% expense ratio.

Dividends

WFHY vs. FTEC - Dividend Comparison

WFHY's dividend yield for the trailing twelve months is around 6.26%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
WFHY WisdomTree U.S. High Yield 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

Can I hold both WFHY and FTEC in my portfolio?

WFHY and FTEC have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFHY or FTEC?

FTEC has higher volatility (6.43%) compared to WFHY (1.08%). In terms of maximum drawdown, WFHY dropped -22.74% vs FTEC's -34.95%.

Which ETF is better, WFHY or FTEC?

On 10-year performance, FTEC leads with 25.57% vs 4.96% for WFHY. On fees, FTEC is cheaper at 0.08% per year. On volatility, WFHY has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WFHY or FTEC?

Over the 10-year period, FTEC has performed better with a 25.57% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WFHY or FTEC?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.38% for WFHY.

Which ETF pays a higher dividend yield, WFHY or FTEC?

WFHY has the higher dividend yield at 6.26%, compared with 0.32% for FTEC.

What is the main difference between WFHY and FTEC?

WFHY is categorized as High Yield Bonds, while FTEC is Technology Equities. WFHY tracks WisdomTree Fundamental U.S. High Yield Corporate Bond Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: WisdomTree and Fidelity. Their fees differ too: 0.38% for WFHY and 0.08% for FTEC.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 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.