DES vs. FDVV
Compare and contrast key facts about WisdomTree U.S. SmallCap Dividend Fund (DES) and Fidelity High Dividend ETF (FDVV).
DES and FDVV 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. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both DES and FDVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DES or FDVV.
Key characteristics
| DES | FDVV | |
|---|---|---|
| YTD Return | -1.32% | 5.92% |
| 1Y Return | 18.26% | 20.24% |
| 3Y Return (Ann) | 2.33% | 10.25% |
| 5Y Return (Ann) | 5.27% | 11.86% |
| Sharpe Ratio | 0.80 | 1.65 |
| Daily Std Dev | 19.39% | 11.18% |
| Max Drawdown | -65.49% | -40.25% |
| Current Drawdown | -3.27% | -1.99% |
Correlation
The correlation between DES and FDVV is 0.84, 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.
Performance
DES vs. FDVV - Performance Comparison
In the year-to-date period, DES achieves a -1.32% return, which is significantly lower than FDVV's 5.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DES vs. FDVV - Expense Ratio Comparison
DES has a 0.38% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
DES vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and Fidelity High Dividend ETF (FDVV). 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.
Dividends
DES vs. FDVV - Dividend Comparison
DES's dividend yield for the trailing twelve months is around 2.81%, less than FDVV's 3.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 2.81% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 2.94% | 2.68% | 2.45% |
FDVV Fidelity High Dividend ETF | 3.29% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
DES vs. FDVV - Drawdown Comparison
The maximum DES drawdown since its inception was -65.49%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for DES and FDVV. For additional features, visit the drawdowns tool.
Volatility
DES vs. FDVV - Volatility Comparison
WisdomTree U.S. SmallCap Dividend Fund (DES) has a higher volatility of 5.49% compared to Fidelity High Dividend ETF (FDVV) at 3.34%. This indicates that DES's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.