WisdomTree Interest Rate Hedged High Yield Bond Fund
$22.68−0.05 (−0.20%)
- Expense ratio
- 0.43%
- Fund size
- $301M
- 1Y return
- +6.6%
- Yield · Last 12 months
- 5.78%
- Holdings
- 482
- Volume · 30D
- 0.1M sh
- NAV per share
- $22.64
- 52W range
The ETF.net HYZD Grade
Score 46 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 49Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 21Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 75Category rank
Our read on HYZD
CHigh yield credit with the rate risk hedged out. HYZD tracks an index that holds a broad basket of US junk bonds at roughly zero duration, so what you own is the credit call, not the rate call. WisdomTree has run it since 2013.
The Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index.
Why people hold it
- The whole point: it tracks a zero-duration index, so the outcome rides on corporate credit rather than on where Treasury yields go.
- Roughly 500 US high yield bonds sit behind the hedge, and income is paid monthly.
- Rules-based index tracking rather than a manager's rate call, live since 2013 and through several rate cycles.
Worth knowing
- 0.43% a year sits a shade above the typical high yield ETF, and vanilla rivals go far cheaper (SCYB 0.03%, SPHY 0.05%). The hedge is what you pay up for.
- The hedge cuts both ways: stripping duration also strips out the price lift a standard high yield fund gets when rates fall.
- Mid-sized and moderately traded rather than a category heavyweight, so spreads can run wider than at the largest high yield ETFs.
HYZD Holdings
- Bonds
- 482
- 9%
- CASH-DREYFUS TRSY CASH
Sectors
- Energy100.0%
Geography
- United States99.43%
- United Kingdom0.31%
- Switzerland0.21%
- Cayman Islands0.05%
HYZD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HYZD |
|---|---|
| Year to date | +4.8% |
| 1 month | +0.8% |
| 3 months | +1.6% |
| 1 year | +6.6% |
| 3 years | +8.7% |
| 5 years | +6.3% |
| 10 years | +5.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HYZD |
|---|---|---|
| 2026 YTD | +4.8% | |
| 2025 | +7.7% | |
| 2024 | +9.4% | |
| 2023 | +11.2% | |
| 2022 | −2.4% | |
| 2021 | +6.3% | |
| 2020 | −0.6% |
HYZD in the news
ETF.net Research hasn’t filed on HYZD yet — coverage lands here as it’s written.
HYZD Dividends
- 5.78%
- $1.31
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 28, 2026 | $0.10 |
| Jul 28, 2026 | Jul 30, 2026 | $0.12 |
| Jun 25, 2026 | Jun 29, 2026 | $0.11 |
| May 26, 2026 | May 28, 2026 | $0.11 |
| Apr 27, 2026 | Apr 29, 2026 | $0.11 |
| Mar 26, 2026 | Mar 30, 2026 | $0.12 |
| Feb 24, 2026 | Feb 26, 2026 | $0.10 |
| Jan 27, 2026 | Jan 29, 2026 | $0.11 |
| Dec 26, 2025 | Dec 30, 2025 | $0.12 |
| Nov 24, 2025 | Nov 26, 2025 | $0.11 |
| Oct 28, 2025 | Oct 30, 2025 | $0.12 |
| Sep 25, 2025 | Sep 29, 2025 | $0.11 |
HYZD Risk
- 3.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.07
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −9.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HYZD Cost
- The middle half of US High Yield funds
- Median 0.43%
41 of the 84 US High Yield funds charge less.