HYZD vs VYM
WisdomTree Interest Rate Hedged High Yield Bond Fund vs Vanguard High Dividend Yield ETF
Which is better, HYZD or VYM?
VYM has been ahead.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HYZD | VYM |
|---|---|---|
| Expense Ratio | 0.43% | 0.04%Best |
| AUM | $296M | $81.6B |
| Dividend Yield | 5.81% | 2.22% |
| Holdings | 500 | 613 |
| YTD Return | +4.10% | +13.91%Best |
| 1Y Return | +6.28% | +17.57%Best |
| 3Y Return (annualized) | +8.17% | +18.12%Best |
| 5Y Return (annualized) | +6.06% | +12.17%Best |
| Volatility (annualized) | 7.6%Best | 13.5% |
| Max Drawdown | -33.1%Best | -35.7% |
| $10,000 over 5 years | $13,420 | $17,758Best |
| Fund Family | WisdomTree Investments | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Value |
| Inception | Dec 18, 2013 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 18, 2013 to Sep 11, 2026 (12.7 years).
HYZD vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.7 years both funds cover.
HYZD vs VYM Performance
WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) is an ETF from WisdomTree Investments and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year HYZD returned +6.28% while VYM returned +17.57%. Year to date, HYZD is up 4.10% versus a gain of 13.91% for VYM.
Over three years, HYZD compounded at +8.17% per year against +18.12% for VYM; over five years the annualized figures are +6.06% and +12.17% respectively. Across the full 13-year window we track, VYM has the edge at +9.27% annualized vs +1.61%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 13.5% compared with 7.6% for HYZD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.1% for HYZD and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYZD charges 0.43% per year while VYM charges 0.04%. On a $10,000 position that is $43 vs $4 annually, a gap of $39 per year that compounds over a long holding period. On income, HYZD currently yields 5.81% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 7 holdings in HYZD and 603 in VYM, totalling 1.4% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 7 positions we hold weights for in HYZD and 603 in VYM, against full books of 500 and 613.
You are not choosing between two funds in isolation.
Whichever of HYZD and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HYZD or VYM?
HYZD has an expense ratio of 0.43% while VYM charges 0.04%. VYM is the cheaper option, by $39 a year on a $10,000 investment.
Which performed better, HYZD or VYM?
Over the past year HYZD returned +6.28% vs +17.57% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (13 years), HYZD annualized +1.61% vs +9.27% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYZD or VYM?
VYM has been the more volatile fund at 13.5% annualized versus 7.6% for HYZD. Worst drawdown: HYZD -33.1% vs VYM -35.7%.
Should I hold both HYZD and VYM?
HYZD and VYM have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HYZD or VYM?
HYZD yields 5.81% while VYM yields 2.22%, so HYZD currently pays the higher dividend yield.
Is VYM better than HYZD?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.