(HYZD) Interest Rate Hedged High - Overview
Etf: Bonds, Derivatives, Hedging, Leverage, Non-Diversified
Dividends
| Dividend Yield | 6.07% |
| Yield on Cost 5y | 8.10% |
| Yield CAGR 5y | 11.09% |
| Payout Consistency | 93.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 3.28% |
| Relative Tail Risk | 1.42% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.49 |
| Alpha | 0.11 |
| Character TTM | |
|---|---|
| Beta | 0.214 |
| Beta Downside | 0.258 |
| Drawdowns 3y | |
|---|---|
| Max DD | 5.85% |
| CAGR/Max DD | 1.54 |
Description: HYZD Interest Rate Hedged High January 01, 2026
The WisdomTree Interest Rate Hedged High Yield Bond Fund (NASDAQ: HYZD) commits at least 80 % of its investable assets-excluding securities-lending collateral-to securities that either belong to its underlying index or closely mimic the index’s economic profile. The index itself holds both long and short positions, and the ETF is classified as non-diversified, meaning it may concentrate risk in a limited number of issuers or sectors.
As of the most recent filing (Q4 2023), HYZD reports an expense ratio of 0.45 % and a distribution yield around 5.2 %, with an average portfolio duration of roughly 3.5 years. The fund’s weighted-average credit rating sits near BB-, reflecting exposure to lower-investment-grade issuers, while its net assets under management are approximately $450 million, indicating modest scale relative to broader high-yield ETFs.
Key drivers of HYZD’s performance include the Federal Reserve’s policy stance-particularly the pace of rate cuts or hikes, which directly affect the fund’s interest-rate hedge effectiveness-and the health of the corporate high-yield market, measured by the BBB-BBB- spread. A tightening spread (e.g., the BBB-BBB- spread narrowing to 2.5 % or less) typically boosts the fund’s total return, whereas widening spreads increase credit-risk exposure.
For a deeper, data-driven assessment of HYZD’s risk-adjusted returns and how its hedging strategy compares to peers, you might explore the analytics platform ValueRay for additional insights.
What is the price of HYZD shares?
Over the past week, the price has changed by -0.18%, over one month by +0.41%, over three months by +2.09% and over the past year by +6.85%.
Is HYZD a buy, sell or hold?
What are the forecasts/targets for the HYZD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 25.9 | 14.6% |
HYZD Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 208.6m USD (208.6m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 208.6m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 208.6m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.70% (E(208.6m)/V(208.6m) * Re(6.70%) + (debt-free company))
Discount Rate = 6.70% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)