WFHY vs. WTV
WFHY (WisdomTree U.S. High Yield Corporate Bond Fund) and WTV (WisdomTree US Value 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 WTV is a Large Cap Value Equities fund tracking the WisdomTree U.S. LargeCap Value Index. Both are passively managed. Over the past 5 years, WFHY returned 3.22%/yr vs 13.36%/yr for WTV. A 0.60 correlation means they provide meaningful diversification when combined. WFHY charges 0.38%/yr vs 0.12%/yr for WTV.
Performance
WFHY vs. WTV - Performance Comparison
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Returns By Period
In the year-to-date period, WFHY achieves a 1.51% return, which is significantly lower than WTV's 11.47% return.
WFHY
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 1.51%
- 6M
- 1.74%
- 1Y
- 7.04%
- 3Y*
- 8.17%
- 5Y*
- 3.22%
- 10Y*
- 4.96%
WTV
- 1D
- 0.86%
- 1M
- 4.50%
- YTD
- 11.47%
- 6M
- 12.37%
- 1Y
- 25.21%
- 3Y*
- 22.93%
- 5Y*
- 13.36%
- 10Y*
- —
WFHY vs. WTV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 1.51% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 0.22% |
WTV WisdomTree US Value ETF | 11.47% | 13.51% | 23.99% | 22.35% | -8.06% | 30.59% | 6.15% | 29.69% | -8.29% | 1.14% |
Correlation
The correlation between WFHY and WTV is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2017 | 0.60 |
The correlation between WFHY and WTV has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
WFHY vs. WTV — Risk / Return Rank
WFHY
WTV
WFHY vs. WTV - 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 WisdomTree US Value ETF (WTV). 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 | WTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.54 | -0.99 |
| Martin ratioReturn relative to average drawdown | 11.61 | 11.55 | +0.06 |
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
| WFHY | WTV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.15 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.79 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.68 | -0.06 |
Drawdowns
WFHY vs. WTV - Drawdown Comparison
The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum WTV drawdown of -42.18%. Use the drawdown chart below to compare losses from any high point for WFHY and WTV.
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Drawdown Indicators
| WFHY | WTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -42.18% | +19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -7.15% | +4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -18.49% | +13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -19.30% | +3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.11% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -5.05% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.19% | -1.58% |
Volatility
WFHY vs. WTV - Volatility Comparison
The current volatility for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) is 1.07%, while WisdomTree US Value ETF (WTV) has a volatility of 3.01%. This indicates that WFHY experiences smaller price fluctuations and is considered to be less risky than WTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFHY | WTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 3.01% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 7.92% | -5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 11.82% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 17.09% | -9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 20.20% | -12.00% |
WFHY vs. WTV - Expense Ratio Comparison
WFHY has a 0.38% expense ratio, which is higher than WTV's 0.12% expense ratio.
Dividends
WFHY vs. WTV - Dividend Comparison
WFHY's dividend yield for the trailing twelve months is around 6.25%, more than WTV's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
WFHY WisdomTree U.S. High Yield 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% |
WTV WisdomTree US Value ETF | 1.64% | 1.59% | 1.54% | 1.62% | 2.08% | 1.55% | 1.63% | 1.44% | 1.94% | 0.41% | 0.00% |
Frequently Asked Questions
WFHY and WTV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTV has higher volatility (3.01%) compared to WFHY (1.07%). In terms of maximum drawdown, WFHY dropped -22.74% vs WTV's -42.18%.
On 5-year performance, WTV leads with 13.36% vs 3.22% for WFHY. On fees, WTV is cheaper at 0.12% per year. On volatility, WFHY has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WTV has performed better with a 13.36% return vs 3.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTV is cheaper with a 0.12% expense ratio, compared with 0.38% for WFHY.
WFHY has the higher dividend yield at 6.25%, compared with 1.64% for WTV.
WFHY is categorized as High Yield Bonds, while WTV is Large Cap Value Equities. WFHY tracks WisdomTree Fundamental U.S. High Yield Corporate Bond Index, while WTV tracks WisdomTree U.S. LargeCap Value Index. Their fees differ too: 0.38% for WFHY and 0.12% for WTV.
WTV currently has the higher Sharpe Ratio (2.15 vs 1.95), 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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