ETF Evaluator:
WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD)
Follow This ETF
(as of Jul 31)
Best Performing in Nontraditional Bond Over the Last Year
| 8.1% | Simplify Kayne Anderson Ey&InfrasCrdtETF (KNRG) |
| 6.8% | WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD) |
| 6.8% | ProShares High Yield—Interest Rate Hdgd (HYHG) |
| 6.5% | Ocean Park Diversified Income ETF (DUKZ) |
| 5.9% | JPMorgan Flexible Debt ETF (JFLX) |
Risk
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ETF Details
WisdomTree Interest Rt Hdg Hi Yld Bd ETF Overview
WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD) is a passively managed Taxable Bond Nontraditional Bond exchange-traded fund (ETF). WisdomTree launched the ETF in 2013.
The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index (the "index").
Under normal circumstances, at least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in the constituent securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such constituent securities. The index is comprised of long and short positions. The fund is non-diversified.
About WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD)
There are 2 members of the management team with an average tenure of 0.49 years: David Oberto (2026) and Scott Frost (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and WisdomTree US HY Corp Bd 0 Dur TR USD index with a weighting of 100%. WisdomTree Interest Rt Hdg Hi Yld Bd ETF has 497 securities in its portfolio. The top 10 holdings constitute 4.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
WisdomTree Interest Rt Hdg Hi Yld Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. WisdomTree Interest Rt Hdg Hi Yld Bd ETF has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 100.0% (99.5% domestic bond, 0.5% foreign bond and 0.0% convertible bond). WisdomTree Interest Rt Hdg Hi Yld Bd ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $240 million in total assets, which is below the $315 million average for the Nontraditional Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HYZD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WisdomTree Interest Rt Hdg Hi Yld Bd ETF expense ratio is average compared to funds in the Nontraditional Bond category. WisdomTree Interest Rt Hdg Hi Yld Bd ETF has an expense ratio of 0.43%, which is 68% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WisdomTree Interest Rt Hdg Hi Yld Bd ETF has a portfolio turnover rate of 61%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 194% for the Nontraditional Bond category.
Recently, in the month of June 2026, WisdomTree Interest Rt Hdg Hi Yld Bd ETF returned 0.2%, which earned it a grade of B, as the Nontraditional Bond category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
WisdomTree Interest Rt Hdg Hi Yld Bd ETF has a trailing yield of 5.90%, which is below the 6.59% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
WisdomTree Interest Rt Hdg Hi Yld Bd ETF Grades
Year to date, the ETF has returned 2.9%, 2.6 percentage points better than the category, which translates into a grade of A. The fund has returned 6.8% over the past year (grade of A), 8.7% over the past three years (grade of A) and 6.1% per year over the past five years (grade of A) and 5.5% per year over the past 10 years (grade of A).
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HYZD Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HYZD Return (NAV) | 0.2% | 2.9% | 6.8% | 8.7% | 6.1% | 5.5% |
| HYZD Return (Price) | 0.9% | 3.8% | 6.6% | 8.7% | 6.1% | 5.5% |
| NAV +/- Price Return | -0.687% | -0.888% | 0.167% | -0.062% | 0.002% | -0.052% |
| Nontraditional Bond Avg | -0.3% | 1.9% | 3.3% | 6.0% | 3.4% | 4.5% |
| HYZD Grade (NAV) | B | B | A | A | A | A |
| +/- Category (NAV) | 0.5% | 1.0% | 3.5% | 2.7% | 2.6% | 1.0% |
| HYZD Tax-Cost Ratio | na | na | 2.4% | 2.5% | 2.3% | 2.2% |
HYZD Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HYZD Return (NAV) | 2.9% | 7.3% | 9.0% | 12.0% | -2.3% | 5.8% | -0.8% | 8.5% | -0.7% | 6.4% | 14.2% |
| HYZD Return (Price) | 2.8% | 7.7% | 9.4% | 11.2% | -2.4% | 6.3% | -0.6% | 9.2% | -2.2% | 6.3% | 14.9% |
| NAV +/- Price Ret | -0.042% | 0.046% | 0.047% | -0.066% | 0.011% | 0.088% | -0.169% | 8.4% | 203.4% | -2.0% | 5.4% |
| Nontraditional Bond Avg | 0.4% | 4.6% | 8.2% | 9.5% | -3.9% | 6.2% | 0.9% | 7.2% | -0.7% | 4.0% | 7.7% |
| HYZD Grade (NAV) | A | A | C | B | B | B | F | B | B | A | A |
| +/- Category | 2.6% | 2.7% | 0.8% | 2.5% | 1.5% | -0.5% | -1.7% | 1.3% | -0.0% | 2.4% | 6.5% |
| Risk Measures | |
| Beta: | 0.20 |
| R-Squared: | 12% |
| Standard Deviation: | 3.2% |
| Category Risk Index: | 0.59 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.26 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.9% |
| Total Assets: | $ 241 Mil |
| Share Class Assets: | $ 241 Mil |
| Turnover: | 61.0% |
| Expense Ratio: | 0.43% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.5 years | |||
| Average Tenure: 0.5 years | |||
| Managers (Year): Oberto David (2026), Frost Scott (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 497 |
| % in Top 10 Holdings: | 4.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.5% |
| Foreign Bond: | 0.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WisdomTree |
| Phone Number: | 866-909-9473 |
| Website: | www.wisdomtree.com |
| Inception Date: | December 18, 2013 |
Expenses and Fees
| Expense Ratio (%): | 0.43% (Rating: Avg) |
| Category Average Expense Ratio (%): | 1.34% |
