PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
DES vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DES vs. DHS

Last updated Jun 4, 2026

DES (WisdomTree U.S. SmallCap Dividend Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - DES is a Small Cap Blend Equities fund tracking the WisdomTree SmallCap Dividend (TR), while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, DES returned 8.04%/yr vs 9.47%/yr for DHS. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.

Performance

DES vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Dividend Fund (DES) and WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, DES achieves a 15.19% return, which is significantly higher than DHS's 9.88% return. Over the past 10 years, DES has underperformed DHS with an annualized return of 8.04%, while DHS has yielded a comparatively higher 9.47% annualized return.

DES

1D
-1.24%
1M
0.67%
YTD
15.19%
6M
14.26%
1Y
25.57%
3Y*
14.17%
5Y*
5.96%
10Y*
8.04%

DHS

1D
-0.67%
1M
-0.16%
YTD
9.88%
6M
10.38%
1Y
20.55%
3Y*
16.39%
5Y*
10.59%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DES vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DES
WisdomTree U.S. SmallCap Dividend Fund		15.19%0.25%9.93%16.50%-10.96%26.51%-4.26%20.26%-12.85%8.64%
DHS
WisdomTree US High Dividend Fund		9.88%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between DES and DHS is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2006

0.83

The correlation between DES and DHS has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

DES vs. DHS - Sectors Allocation Comparison

Sectors
DES
DHS

Financial Services

23.7%
22.3%

Consumer Cyclical

14.8%
5.0%

Industrials

13.3%
4.1%

Energy

10.7%
9.4%

Real Estate

9.6%
2.8%

Basic Materials

6.0%
1.2%

Technology

5.5%
3.7%

Utilities

4.6%
9.0%

Consumer Defensive

4.3%
18.7%

Communication Services

2.8%
9.3%

Healthcare

1.7%
14.5%

Financial Services

DES
23.7%
DHS
22.3%

Consumer Cyclical

DES
14.8%
DHS
5.0%

Industrials

DES
13.3%
DHS
4.1%

Energy

DES
10.7%
DHS
9.4%

Real Estate

DES
9.6%
DHS
2.8%

Basic Materials

DES
6.0%
DHS
1.2%

Technology

DES
5.5%
DHS
3.7%

Utilities

DES
4.6%
DHS
9.0%

Consumer Defensive

DES
4.3%
DHS
18.7%

Communication Services

DES
2.8%
DHS
9.3%

Healthcare

DES
1.7%
DHS
14.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. SmallCap Dividend Fund

WisdomTree US High Dividend Fund

Often compared with DES:
DES vs. FDVVDES vs. AVUVDES vs. EESDES vs. IWNDES vs. SCHDDES vs. VBRDES vs. VXUS
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

DES vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DES
DES Risk / Return Rank: 5151
Overall Rank
DES Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
DES Sortino Ratio Rank: 4747
Sortino Ratio Rank
DES Omega Ratio Rank: 4343
Omega Ratio Rank
DES Calmar Ratio Rank: 6767
Calmar Ratio Rank
DES Martin Ratio Rank: 5555
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6262
Overall Rank
DHS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 6666
Sortino Ratio Rank
DHS Omega Ratio Rank: 5757
Omega Ratio Rank
DHS Calmar Ratio Rank: 6565
Calmar Ratio Rank
DHS Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DES vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and WisdomTree US High Dividend Fund (DHS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

DESDHSDifference

Sharpe ratio

Return per unit of total volatility

1.57

2.06

-0.50

Sortino ratio

Return per unit of downside risk

2.36

3.09

-0.73

Omega ratio

Gain probability vs. loss probability

1.28

1.35

-0.07

Calmar ratio

Return relative to maximum drawdown

3.36

3.28

+0.08

Martin ratio

Return relative to average drawdown

9.57

12.04

-2.47

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DES vs. DHS - Sharpe Ratio Comparison

The current DES Sharpe Ratio is 1.57, which is comparable to the DHS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DES and DHS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

DESDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.57

2.06

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.31

0.77

-0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.37

0.59

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.41

-0.09

Drawdowns

DES vs. DHS - Drawdown Comparison

The maximum DES drawdown since its inception was -65.48%, roughly equal to the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for DES and DHS.

Loading charts...

Drawdown Indicators

DESDHSDifference

Max Drawdown

Largest peak-to-trough decline

-65.48%

-67.25%

+1.77%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-6.30%

-1.34%

Max Drawdown (3Y)

Largest decline over 3 years

-25.16%

-11.87%

-13.29%

Max Drawdown (5Y)

Largest decline over 5 years

-25.16%

-15.28%

-9.88%

Max Drawdown (10Y)

Largest decline over 10 years

-45.65%

-37.35%

-8.30%

Current Drawdown

Current decline from peak

-1.52%

-2.60%

+1.08%

Average Drawdown

Average peak-to-trough decline

-9.68%

-9.55%

-0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

1.71%

+0.97%

Volatility

DES vs. DHS - Volatility Comparison

WisdomTree U.S. SmallCap Dividend Fund (DES) has a higher volatility of 4.19% compared to WisdomTree US High Dividend Fund (DHS) at 2.88%. This indicates that DES's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

DESDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.19%

2.88%

+1.31%

Volatility (6M)

Calculated over the trailing 6-month period

11.02%

7.32%

+3.70%

Volatility (1Y)

Calculated over the trailing 1-year period

16.46%

10.01%

+6.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.57%

13.89%

+5.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.97%

16.08%

+5.89%

DES vs. DHS - Expense Ratio Comparison

Both DES and DHS have an expense ratio of 0.38%.

Dividends

DES vs. DHS - Dividend Comparison

DES's dividend yield for the trailing twelve months is around 2.40%, less than DHS's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
DES
WisdomTree U.S. SmallCap Dividend Fund		2.40%2.85%2.81%2.65%2.89%2.31%2.75%2.68%3.65%2.89%2.70%3.09%
DHS
WisdomTree US High Dividend Fund		3.35%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%

Frequently Asked Questions

DES and DHS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DES has higher volatility (4.19%) compared to DHS (2.88%). In terms of maximum drawdown, DES dropped -65.48% vs DHS's -67.25%.

On 10-year performance, DHS leads with 9.47% vs 8.04% for DES. Both ETFs have the same 0.38% expense ratio. On volatility, DHS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DHS has performed better with a 9.47% return vs 8.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DES and DHS have the same expense ratio: 0.38% per year.

DHS has the higher dividend yield at 3.35%, compared with 2.40% for DES.

DES is categorized as Small Cap Blend Equities, while DHS is Large Cap Value Equities. DES tracks WisdomTree SmallCap Dividend (TR), while DHS tracks WisdomTree U.S. High Dividend Index.

DHS currently has the higher Sharpe Ratio (2.06 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for DES and DHS

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer