HYI vs WTBN
Western Asset High Yield Defined Opportunity Fund Inc. vs WisdomTree Bianco Total Return Fund ETF
Which is better, HYI or WTBN?
WTBN has been ahead.
WTBN has a lower expense ratio. WTBN led over 1Y 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 | HYI | WTBN |
|---|---|---|
| Expense Ratio | 0.96% | 0.60%Best |
| AUM | $140M | $103M |
| Dividend Yield | 10.36% | 4.22% |
| Holdings | 258 | 14 |
| YTD Return | -5.93% | -2.69%Best |
| 1Y Return | -6.36% | -2.61%Best |
| 3Y Return (annualized) | +5.21% | - |
| 5Y Return (annualized) | -0.33% | - |
| Volatility (annualized) | 6.7% | 4.3%Best |
| Max Drawdown | -14.6% | -5.1%Best |
| $10,000 over 2.8 years | $10,795 | $10,833Best |
| Fund Family | Franklin Templeton Investments (US) | WisdomTree Investments |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Oct 27, 2010 | Dec 20, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 20, 2023 to Oct 15, 2026 (2.8 years).
HYI vs WTBN 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 2.8 years both funds cover.
HYI vs WTBN Performance
Western Asset High Yield Defined Opportunity Fund Inc. (HYI) is an ETF from Franklin Templeton Investments (US) and WisdomTree Bianco Total Return Fund ETF (WTBN) is an ETF from WisdomTree Investments. Over the past year HYI returned -6.36% while WTBN returned -2.61%. Year to date, HYI is down 5.93% versus a loss of 2.69% for WTBN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYI has been the more volatile fund, with annualized monthly volatility of 6.7% compared with 4.3% for WTBN. 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 -14.6% for HYI and -5.1% for WTBN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HYI charges 0.96% per year while WTBN charges 0.60%. On a $10,000 position that is $96 vs $60 annually, a gap of $36 per year that compounds over a long holding period. On income, HYI currently yields 10.36% against 4.22% for WTBN.
Holdings Overlap
We hold position weights for 18 holdings in HYI and 14 in WTBN, totalling 3.5% and 99.7% 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 18 positions we hold weights for in HYI and 14 in WTBN, against full books of 258 and 14.
What only one of them owns
Measured across the 18 and 14 positions we hold weights for.
HYI holds 15 positions WTBN does not, 3.5% of the fund.
Largest: RGCARE L 05/19/31 7 0.59%, AGNC 0.41%, ENUSCO L 07/01/31 1 0.37%, ASCENS L 08/02/28 7 0.34%, DIGICT L 02/16/29 3 0.30%
You are not choosing between two funds in isolation.
Whichever of HYI and WTBN 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, HYI or WTBN?
HYI has an expense ratio of 0.96% while WTBN charges 0.60%. WTBN is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, HYI or WTBN?
Over the past year HYI returned -6.36% vs -2.61% for WTBN, so WTBN leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYI or WTBN?
HYI has been the more volatile fund at 6.7% annualized versus 4.3% for WTBN. Worst drawdown: HYI -14.6% vs WTBN -5.1%.
Should I hold both HYI and WTBN?
HYI and WTBN have a monthly-return correlation of 0.59, 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, HYI or WTBN?
HYI yields 10.36% while WTBN yields 4.22%, so HYI currently pays the higher dividend yield.
Is WTBN better than HYI?
WTBN has a lower expense ratio. WTBN led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.