WisdomTree Interest Rate Hedged High Yield Bond Fund
$22.46+0.02 (+0.10%)
- 0.43%
- $309M
- +6.3%
- 5.87%
- 0.1M sh
- $22.39
- low $21.94high $22.81
The ETF.net HYZD Grade
C
Score 47 out of 100
- 57 of 85
Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C49 out of 100Rank 43 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.F20 out of 100Rank 68 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 38 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 23 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 35 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 17 of 85
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
- 493
- 9%
- Cash-Dreyfus Trsy Cash
Sectors
- Energy100.0%
Geography
- United States99.45%
- United Kingdom0.29%
- Switzerland0.20%
- 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.
HYZD$10,625
Returns run to the Oct 12, 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 | +4.0% |
| 1 month | −0.3% |
| 3 months | +0.8% |
| 1 year | +6.3% |
| 3 years | +8.6% |
| 5 years | +6.2% |
| 10 years | +5.0% |
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 | +4.0% | |
| 2025 | +7.7% | |
| 2024 | +9.4% | |
| 2023 | +11.2% | |
| 2022 | −2.4% | |
| 2021 | +6.3% | |
| 2020 | −0.6% |
HYZD in the news
HYZD Dividends
- 5.87%
- $1.32
- $0.11 per share
- Monthly
Distribution history
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.
- 1.03
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
0.43%
HYZD0.43%
- The middle half of US High Yield funds
- Median 0.43%
42 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- CHYBLState Street Blackstone High Income ETFExpense ratio 0.70%1 year return +4.7%
- CAOHYAngel Oak High Yield Opportunities ETFExpense ratio 0.55%1 year return +3.7%
- COBNDState Street Loomis Sayles Opportunistic Bond ETFExpense ratio 0.55%1 year return +1.2%
- CHYGHiShares Interest Rate Hedged High Yield Bond ETFExpense ratio 1.12%1 year return +6.8%
- CSIFIHarbor Ares Systematic Multi-Sector Income ETFExpense ratio 0.50%1 year return +1.7%