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DES vs. EES
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DES vs. EES

Last updated Jun 24, 2026

DES (WisdomTree U.S. SmallCap Dividend Fund) and EES (WisdomTree U.S. SmallCap Fund) are both Small Cap Blend Equities funds from WisdomTree - DES tracks the WisdomTree SmallCap Dividend (TR) while EES tracks the WisdomTree U.S. Small Cap Index. Both are passively managed. Over the past 10 years, DES returned 8.55%/yr vs 11.27%/yr for EES. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.

Performance

DES vs. EES - Performance Comparison

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

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Returns By Period

In the year-to-date period, DES achieves a 19.31% return, which is significantly higher than EES's 15.85% return. Over the past 10 years, DES has underperformed EES with an annualized return of 8.55%, while EES has yielded a comparatively higher 11.27% annualized return.

DES

1D
0.66%
1M
3.24%
YTD
19.31%
6M
18.13%
1Y
28.95%
3Y*
15.80%
5Y*
7.19%
10Y*
8.55%

EES

1D
0.22%
1M
3.53%
YTD
15.85%
6M
14.28%
1Y
32.65%
3Y*
16.43%
5Y*
7.13%
10Y*
11.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DES vs. EES - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DES
WisdomTree U.S. SmallCap Dividend Fund		19.31%0.25%9.93%16.50%-10.96%26.51%-4.26%20.26%-12.85%8.64%
EES
WisdomTree U.S. SmallCap Fund		15.85%6.99%9.86%18.53%-16.18%34.39%3.06%21.68%-10.12%12.42%

Correlation

The correlation between DES and EES is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.93

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

0.95

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

0.96

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

0.96

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2007

0.93

The correlation between DES and EES has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

DES vs. EES - Sectors Allocation Comparison

Sectors
DES
EES

Financial Services

24.8%
21.8%

Consumer Cyclical

16.0%
13.1%

Industrials

13.4%
12.6%

Energy

10.2%
7.2%

Real Estate

10.1%
4.7%

Basic Materials

6.3%
5.0%

Technology

6.0%
15.7%

Utilities

4.2%
1.7%

Consumer Defensive

4.1%
4.9%

Communication Services

2.8%
3.3%

Healthcare

2.0%
10.1%

Financial Services

DES
24.8%
EES
21.8%

Consumer Cyclical

DES
16.0%
EES
13.1%

Industrials

DES
13.4%
EES
12.6%

Energy

DES
10.2%
EES
7.2%

Real Estate

DES
10.1%
EES
4.7%

Basic Materials

DES
6.3%
EES
5.0%

Technology

DES
6.0%
EES
15.7%

Utilities

DES
4.2%
EES
1.7%

Consumer Defensive

DES
4.1%
EES
4.9%

Communication Services

DES
2.8%
EES
3.3%

Healthcare

DES
2.0%
EES
10.1%

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WisdomTree U.S. SmallCap Dividend Fund

WisdomTree U.S. SmallCap Fund

Often compared with DES:
DES vs. FDVVDES vs. AVUVDES vs. IWNDES vs. SCHDDES vs. VBRDES vs. VXUSDES vs. RWJ
Often compared with EES:
EES vs. DWASEES vs. SCHDEES vs. IWMEES vs. VIOOEES vs. SPYEES vs. RWJEES vs. NVDY

Return for Risk

DES vs. EES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DES
DES Risk / Return Rank: 6161
Overall Rank
DES Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
DES Sortino Ratio Rank: 5959
Sortino Ratio Rank
DES Omega Ratio Rank: 5252
Omega Ratio Rank
DES Calmar Ratio Rank: 7777
Calmar Ratio Rank
DES Martin Ratio Rank: 6363
Martin Ratio Rank
EES
EES Risk / Return Rank: 6767
Overall Rank
EES Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
EES Sortino Ratio Rank: 6464
Sortino Ratio Rank
EES Omega Ratio Rank: 5757
Omega Ratio Rank
EES Calmar Ratio Rank: 8383
Calmar Ratio Rank
EES Martin Ratio Rank: 7070
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. EES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and WisdomTree U.S. SmallCap Fund (EES). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

DESEESDifference
Sharpe ratioReturn per unit of total volatility
1.77
1.89

-0.11

Sortino ratioReturn per unit of downside risk
2.64
2.73

-0.09

Omega ratioGain probability vs. loss probability

1.31

1.33

-0.02

Calmar ratioReturn relative to maximum drawdown

3.80

4.11

-0.31

Martin ratioReturn relative to average drawdown

10.90

12.18

-1.28

DES vs. EES - Sharpe Ratio Comparison

The current DES Sharpe Ratio is 1.77, which is comparable to the EES Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of DES and EES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DES vs. EES - Drawdown Comparison

The maximum DES drawdown since its inception was -65.48%, roughly equal to the maximum EES drawdown of -63.66%. Use the drawdown chart below to compare losses from any high point for DES and EES.

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Drawdown Indicators

DESEESDifference

Max Drawdown

Largest peak-to-trough decline

-65.48%

-63.66%

-1.82%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-7.98%

+0.34%

Max Drawdown (3Y)

Largest decline over 3 years

-25.16%

-27.15%

+1.99%

Max Drawdown (5Y)

Largest decline over 5 years

-25.16%

-27.15%

+1.99%

Max Drawdown (10Y)

Largest decline over 10 years

-45.65%

-50.52%

+4.87%

Current Drawdown

Current decline from peak

-0.97%

-0.85%

-0.12%

Average Drawdown

Average peak-to-trough decline

-9.66%

-10.34%

+0.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

2.69%

-0.03%

Volatility

DES vs. EES - Volatility Comparison

The current volatility for WisdomTree U.S. SmallCap Dividend Fund (DES) is 3.95%, while WisdomTree U.S. SmallCap Fund (EES) has a volatility of 4.29%. This indicates that DES experiences smaller price fluctuations and is considered to be less risky than EES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DESEESDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

4.29%

-0.34%

Volatility (6M)

Calculated over the trailing 6-month period

11.12%

11.50%

-0.38%

Volatility (1Y)

Calculated over the trailing 1-year period

16.45%

17.42%

-0.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.52%

21.49%

-1.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.96%

23.77%

-1.81%

DES vs. EES - Expense Ratio Comparison

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

Dividends

DES vs. EES - Dividend Comparison

DES's dividend yield for the trailing twelve months is around 2.31%, more than EES's 1.09% yield.

PositionTTM20252024202320222021202020192018201720162015
DES
WisdomTree U.S. SmallCap Dividend Fund		2.31%2.85%2.81%2.65%2.89%2.31%2.75%2.68%3.65%2.89%2.70%3.09%
EES
WisdomTree U.S. SmallCap Fund		1.09%1.29%1.37%1.18%1.12%1.69%1.29%1.31%1.81%0.93%1.02%1.38%

Frequently Asked Questions

With a correlation of 0.93, DES and EES move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

EES has higher volatility (4.29%) compared to DES (3.95%). In terms of maximum drawdown, DES dropped -65.48% vs EES's -63.66%.

On 10-year performance, EES leads with 11.27% vs 8.55% for DES. Both ETFs have the same 0.38% expense ratio. On volatility, DES has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EES has performed better with a 11.27% return vs 8.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

DES has the higher dividend yield at 2.31%, compared with 1.09% for EES.

DES tracks WisdomTree SmallCap Dividend (TR), while EES tracks WisdomTree U.S. Small Cap Index.

EES currently has the higher Sharpe Ratio (1.89 vs 1.77), 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.

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