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ETFs

WisdomTree Trust WisdomTree Interest Rate Hedged High Yield Bond Fund

HYZD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 18, 2013
Expense Ratio
0.43%
Type
US Bonds
Fund Owner
Wisdom Tree
Volume (1m avg. daily)
$966,831
AUM
$151,415,280
Associated Index
ICE BofA Merrill Lynch 0-5 Year US High Yield Constrained Zero Duration Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
US Dollar
35.30%
n/a
Sirius XM Radio 5.5 % Notes 2019-01.07.29 -144A-
8.62%
DI9A
Dish Dbs Corporation - 5.875% BD REDEEM 15/11/2024 USD 2000
8.29%
RIG5045766
Transocean Inc 11.5% 1/30/2027
7.67%
POST4950535
Post Holdings Inc 4.625% 4/15/2030
7.24%
CNC4976670
Centene Corp 4.625% 12/15/2029
7.04%
NGL5117397
NGL Enrgy Op/Fin Corp 7.5% 2/1/2026
6.97%
THC5423555
Tenet Healthcare Corp 6.125% 6/15/2030
6.90%
DVA5026984
Davita Inc 3.75% 2/15/2031
6.58%
DISH4411380
Dish DBS 7.75 % Notes 2016-01.07.26 Gtd Global
6.58%
Invest with HYZD

What is HYZD?

The WisdomTree Interest Rate Hedged High Yield Bond Fund* seeks to track the price and yield performance, before fees and expenses, of ICE BofA Merrill Lynch 0-5 Year US High Yield Constrained, Zero Duration Index. Utilizes an Institutional style approach that combines long positions in bonds representative of the BofA Merrill Lynch 0-5 year US High Yield Bond Index with a short position in Treasury securities to target zero duration.

ETFs related toHYZD

ETFs correlated to HYZD include HYGH, DFLV, DFSU

HYZD
WisdomTree Trust - WisdomTree Interest Rate Hedged High Yield Bond Fund
HYGH
BlackRock Institutional Trust Company N.A. - iShares Interest Rate Hedged High Yield Bond ETF
DFLV
Dimensional ETF Trust - Dimensional US Large Cap Value ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHYZD

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with HYZD using Composer

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FAQ

HYZD is a US Bonds ETF. The WisdomTree Interest Rate Hedged High Yield Bond Fund* seeks to track the price and yield performance, before fees and expenses, of ICE BofA Merrill Lynch 0-5 Year US High Yield Constrained, Zero Duration Index. Utilizes an Institutional style approach that combines long positions in bonds representative of the BofA Merrill Lynch 0-5 year US High Yield Bond Index with a short position in Treasury securities to target zero duration.

HYZD tracks the ICE BofA Merrill Lynch 0-5 Year US High Yield Constrained Zero Duration Index.

No, HYZD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYZD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYZD is 0.0044%. This is the percent change in the value of HYZD over the most recent 1-month period. The 3-month return on HYZD is 0.0387%. This is the percent change in the value of HYZD over the most recent 3-month period.

The standard deviation of HYZD for the past year is 0.0877%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYZD include IGSB, VCIT, and VCSH.

ETFs correlated to HYZD include HYGH, DFLV, and DFSU.

ETFs that are inversely correlated to HYZD include SJB, HIBS, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.