WFHY vs. PFFD
Compare and contrast key facts about WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) and Global X U.S. Preferred ETF (PFFD).
WFHY and PFFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WFHY is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Fundamental U.S. High Yield Corporate Bond Index. It was launched on Apr 27, 2016. PFFD is a passively managed fund by Global X that tracks the performance of the ICE BofAML Diversified Core U.S. Preferred Securities Index. It was launched on Sep 11, 2017. Both WFHY and PFFD 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: WFHY or PFFD.
Key characteristics
| WFHY | PFFD | |
|---|---|---|
| YTD Return | 4.09% | 12.76% |
| 1Y Return | 11.05% | 20.78% |
| 3Y Return (Ann) | 0.43% | -1.23% |
| 5Y Return (Ann) | 2.62% | 2.32% |
| Sharpe Ratio | 0.98 | 2.25 |
| Sortino Ratio | 1.51 | 3.18 |
| Omega Ratio | 1.33 | 1.41 |
| Calmar Ratio | 1.11 | 0.96 |
| Martin Ratio | 3.69 | 12.23 |
| Ulcer Index | 2.76% | 1.60% |
| Daily Std Dev | 10.46% | 8.66% |
| Max Drawdown | -22.74% | -30.93% |
| Current Drawdown | -4.77% | -3.92% |
Correlation
The correlation between WFHY and PFFD is 0.56, 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
WFHY vs. PFFD - Performance Comparison
In the year-to-date period, WFHY achieves a 4.09% return, which is significantly lower than PFFD's 12.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WFHY vs. PFFD - Expense Ratio Comparison
WFHY has a 0.38% expense ratio, which is higher than PFFD's 0.23% expense ratio.
Risk-Adjusted Performance
WFHY vs. PFFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) and Global X U.S. Preferred ETF (PFFD). 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
WFHY vs. PFFD - Dividend Comparison
WFHY's dividend yield for the trailing twelve months is around 6.27%, more than PFFD's 6.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 6.27% | 6.11% | 5.44% | 4.09% | 4.79% | 5.21% | 5.93% | 6.47% | 4.39% |
PFFD Global X U.S. Preferred ETF | 6.06% | 6.49% | 6.63% | 5.09% | 5.19% | 5.49% | 6.22% | 1.94% | 0.00% |
Drawdowns
WFHY vs. PFFD - Drawdown Comparison
The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum PFFD drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for WFHY and PFFD. For additional features, visit the drawdowns tool.
Volatility
WFHY vs. PFFD - Volatility Comparison
The current volatility for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) is 1.31%, while Global X U.S. Preferred ETF (PFFD) has a volatility of 2.76%. This indicates that WFHY experiences smaller price fluctuations and is considered to be less risky than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.