WFHY vs. YLD
Compare and contrast key facts about WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) and Principal Active High Yield ETF (YLD).
WFHY and YLD 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. YLD is an actively managed fund by Principal. It was launched on Jul 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WFHY or YLD.
Key characteristics
| WFHY | YLD | |
|---|---|---|
| YTD Return | 4.09% | 9.58% |
| 1Y Return | 11.05% | 15.22% |
| 3Y Return (Ann) | 0.43% | 4.13% |
| 5Y Return (Ann) | 2.62% | 5.15% |
| Sharpe Ratio | 0.98 | 2.65 |
| Sortino Ratio | 1.51 | 4.11 |
| Omega Ratio | 1.33 | 1.49 |
| Calmar Ratio | 1.11 | 6.82 |
| Martin Ratio | 3.69 | 29.63 |
| Ulcer Index | 2.76% | 0.50% |
| Daily Std Dev | 10.46% | 5.57% |
| Max Drawdown | -22.74% | -28.34% |
| Current Drawdown | -4.77% | -0.05% |
Correlation
The correlation between WFHY and YLD is 0.48, 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. YLD - Performance Comparison
In the year-to-date period, WFHY achieves a 4.09% return, which is significantly lower than YLD's 9.58% 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. YLD - Expense Ratio Comparison
WFHY has a 0.38% expense ratio, which is lower than YLD's 0.39% expense ratio.
Risk-Adjusted Performance
WFHY vs. YLD - 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 Principal Active High Yield ETF (YLD). 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. YLD - Dividend Comparison
WFHY's dividend yield for the trailing twelve months is around 6.27%, less than YLD's 6.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
YLD Principal Active High Yield ETF | 6.86% | 6.46% | 6.50% | 4.22% | 4.40% | 4.81% | 5.82% | 5.86% | 4.83% | 2.56% |
Drawdowns
WFHY vs. YLD - Drawdown Comparison
The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum YLD drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for WFHY and YLD. For additional features, visit the drawdowns tool.
Volatility
WFHY vs. YLD - Volatility Comparison
The current volatility for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) is 1.31%, while Principal Active High Yield ETF (YLD) has a volatility of 2.06%. This indicates that WFHY experiences smaller price fluctuations and is considered to be less risky than YLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.