DES vs. DON
Compare and contrast key facts about WisdomTree U.S. SmallCap Dividend Fund (DES) and WisdomTree US MidCap Dividend ETF (DON).
DES and DON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree SmallCap Dividend (TR). It was launched on Jun 16, 2006. DON is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree MidCap Dividend Index. It was launched on Jun 16, 2006. Both DES and DON are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DES vs. DON - Performance Comparison
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DES vs. DON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 7.74% | 0.25% | 9.93% | 16.50% | -10.96% | 26.51% | -4.26% | 20.26% | -12.85% | 8.64% |
DON WisdomTree US MidCap Dividend ETF | 2.25% | 3.86% | 14.20% | 14.04% | -4.72% | 30.29% | -5.40% | 23.31% | -8.26% | 14.86% |
Returns By Period
In the year-to-date period, DES achieves a 7.74% return, which is significantly higher than DON's 2.25% return. Over the past 10 years, DES has underperformed DON with an annualized return of 7.69%, while DON has yielded a comparatively higher 8.98% annualized return.
DES
- 1D
- 1.53%
- 1M
- -2.75%
- YTD
- 7.74%
- 6M
- 7.99%
- 1Y
- 15.59%
- 3Y*
- 11.06%
- 5Y*
- 5.64%
- 10Y*
- 7.69%
DON
- 1D
- 1.78%
- 1M
- -5.15%
- YTD
- 2.25%
- 6M
- 1.70%
- 1Y
- 8.75%
- 3Y*
- 11.36%
- 5Y*
- 7.79%
- 10Y*
- 8.98%
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DES vs. DON - Expense Ratio Comparison
Both DES and DON have an expense ratio of 0.38%.
Return for Risk
DES vs. DON — Risk / Return Rank
DES
DON
DES vs. DON - 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 MidCap Dividend ETF (DON). 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.
| DES | DON | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.48 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.21 | 0.81 | +0.41 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.69 | +0.48 |
Martin ratioReturn relative to average drawdown | 4.15 | 2.61 | +1.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DES | DON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.48 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.44 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.44 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.41 | -0.11 |
Correlation
The correlation between DES and DON is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DES vs. DON - Dividend Comparison
DES's dividend yield for the trailing twelve months is around 2.54%, more than DON's 2.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 2.54% | 2.85% | 2.81% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 3.09% |
DON WisdomTree US MidCap Dividend ETF | 2.41% | 2.53% | 2.27% | 2.41% | 2.71% | 2.12% | 2.77% | 2.38% | 2.55% | 2.25% | 2.48% | 2.89% |
Drawdowns
DES vs. DON - Drawdown Comparison
The maximum DES drawdown since its inception was -65.48%, which is greater than DON's maximum drawdown of -61.94%. Use the drawdown chart below to compare losses from any high point for DES and DON.
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Drawdown Indicators
| DES | DON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.48% | -61.94% | -3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.44% | -13.82% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -21.46% | -3.70% |
Max Drawdown (10Y)Largest decline over 10 years | -45.65% | -46.80% | +1.15% |
Current DrawdownCurrent decline from peak | -4.41% | -6.50% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -7.95% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.66% | +0.13% |
Volatility
DES vs. DON - Volatility Comparison
WisdomTree U.S. SmallCap Dividend Fund (DES) has a higher volatility of 4.88% compared to WisdomTree US MidCap Dividend ETF (DON) at 4.16%. This indicates that DES's price experiences larger fluctuations and is considered to be riskier than DON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DES | DON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.16% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 9.55% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.50% | 18.43% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 17.86% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.98% | 20.26% | +1.72% |