@christiandad It's composed of fixed income assets that have the potential to lose value, so it is more risky than an FDIC insured HYSA. But only marginally so.
@jesusforall FWIW, Wealthfront's 0.5% boost only applies to first $250,000 deposited, and beyond that you'll only get the standard 5.0% (or whatever their base rate is if they change it).