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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)
$1,492,642
AUM
$161,495,655
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
43.94%
n/a
Sirius XM Radio 5.5 % Notes 2019-01.07.29 -144A-
9.06%
DI9A
Dish Dbs Corporation - 5.875% BD REDEEM 15/11/2024 USD 2000
8.35%
FYBR5083319
FRONTIER COMMUNICATIONS
8.13%
CNC4976670
Centene Corp 4.625% 12/15/2029
7.82%
RIG5045766
Transocean Inc 11.5% 1/30/2027
7.20%
n/a
Commscope Fin 8.25 % Notes 2019-01.03.27 -144A-
6.99%
DB5334513
Deutsche Bank NY 3.742% 1/7/2033
6.87%
n/a
GRAY TELEVISION INC COMPANY GUAR 144A 05/27 7
6.77%
DVA5026984
Davita Inc 3.75% 2/15/2031
6.70%
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, SHYG

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
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index 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

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with HYZD using Composer

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 -0.025%. This is the percent change in the value of HYZD over the most recent 1-month period. The 3-month return on HYZD is -0.0129%. 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 0.1088%. 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 VCIT, USIG, and LQD.

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

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

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.