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DES vs. OUSM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DES vs. OUSM

Last updated Jun 24, 2026

DES (WisdomTree U.S. SmallCap Dividend Fund) and OUSM (OShares U.S. Small-Cap Quality Dividend ETF) are both Small Cap Blend Equities funds - DES tracks the WisdomTree SmallCap Dividend (TR) while OUSM tracks the O'Shares US Small-Cap Quality Dividend Index. Both are passively managed. Over the past 5 years, DES returned 7.19%/yr vs 8.11%/yr for OUSM. Their correlation of 0.91 suggests significant overlap in exposure. DES charges 0.38%/yr vs 0.48%/yr for OUSM.

Performance

DES vs. OUSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Dividend Fund (DES) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). 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 OUSM's 8.17% 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%

OUSM

1D
-0.15%
1M
0.91%
YTD
8.17%
6M
6.58%
1Y
12.02%
3Y*
11.94%
5Y*
8.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DES vs. OUSM - 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%
OUSM
OShares U.S. Small-Cap Quality Dividend ETF		8.17%2.17%13.45%18.82%-7.89%21.45%7.64%28.04%-10.60%10.85%

Correlation

The correlation between DES and OUSM is 0.86, 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

0.86

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

0.90

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

0.91

Correlation (All Time)
Calculated using the full available price history since Dec 30, 2016

0.91

The correlation between DES and OUSM has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

DES vs. OUSM - Sectors Allocation Comparison

Sectors
DES
OUSM

Financial Services

24.8%
20.4%

Consumer Cyclical

16.0%
19.5%

Industrials

13.4%
22.2%

Energy

10.2%
0.3%

Real Estate

10.1%

-

Basic Materials

6.3%
1.3%

Technology

6.0%
14.5%

Utilities

4.2%
3.8%

Consumer Defensive

4.1%
4.6%

Communication Services

2.8%
3.5%

Healthcare

2.0%
9.9%

Financial Services

DES
24.8%
OUSM
20.4%

Consumer Cyclical

DES
16.0%
OUSM
19.5%

Industrials

DES
13.4%
OUSM
22.2%

Energy

DES
10.2%
OUSM
0.3%

Real Estate

DES
10.1%
OUSM

-

Basic Materials

DES
6.3%
OUSM
1.3%

Technology

DES
6.0%
OUSM
14.5%

Utilities

DES
4.2%
OUSM
3.8%

Consumer Defensive

DES
4.1%
OUSM
4.6%

Communication Services

DES
2.8%
OUSM
3.5%

Healthcare

DES
2.0%
OUSM
9.9%

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

OShares U.S. Small-Cap Quality Dividend ETF

Often compared with DES:
DES vs. FDVVDES vs. AVUVDES vs. EESDES vs. IWNDES vs. SCHDDES vs. VBRDES vs. VXUS
Often compared with OUSM:
OUSM vs. FTHNXOUSM vs. VOOOUSM vs. SMINOUSM vs. DIVBOUSM vs. SCHGOUSM vs. VTIOUSM vs. COWZ

Return for Risk

DES vs. OUSM — 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
OUSM
OUSM Risk / Return Rank: 2727
Overall Rank
OUSM Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
OUSM Sortino Ratio Rank: 2828
Sortino Ratio Rank
OUSM Omega Ratio Rank: 2525
Omega Ratio Rank
OUSM Calmar Ratio Rank: 2828
Calmar Ratio Rank
OUSM Martin Ratio Rank: 2929
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. OUSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and OShares U.S. Small-Cap Quality Dividend ETF (OUSM). 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.

DESOUSMDifference
Sharpe ratioReturn per unit of total volatility
1.77
0.92

+0.85

Sortino ratioReturn per unit of downside risk
2.64
1.47

+1.18

Omega ratioGain probability vs. loss probability

1.31

1.16

+0.15

Calmar ratioReturn relative to maximum drawdown

3.80

1.31

+2.49

Martin ratioReturn relative to average drawdown

10.90

3.83

+7.07

DES vs. OUSM - Sharpe Ratio Comparison

The current DES Sharpe Ratio is 1.77, which is higher than the OUSM Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of DES and OUSM, 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. OUSM - Drawdown Comparison

The maximum DES drawdown since its inception was -65.48%, which is greater than OUSM's maximum drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for DES and OUSM.

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Drawdown Indicators

DESOUSMDifference

Max Drawdown

Largest peak-to-trough decline

-65.48%

-39.84%

-25.64%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-9.21%

+1.57%

Max Drawdown (3Y)

Largest decline over 3 years

-25.16%

-19.44%

-5.72%

Max Drawdown (5Y)

Largest decline over 5 years

-25.16%

-19.44%

-5.72%

Max Drawdown (10Y)

Largest decline over 10 years

-45.65%

—

—

Current Drawdown

Current decline from peak

-0.97%

-0.50%

-0.47%

Average Drawdown

Average peak-to-trough decline

-9.66%

-5.19%

-4.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

3.15%

-0.49%

Volatility

DES vs. OUSM - Volatility Comparison

WisdomTree U.S. SmallCap Dividend Fund (DES) has a higher volatility of 3.95% compared to OShares U.S. Small-Cap Quality Dividend ETF (OUSM) at 3.31%. This indicates that DES's price experiences larger fluctuations and is considered to be riskier than OUSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DESOUSMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

3.31%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

11.12%

9.33%

+1.79%

Volatility (1Y)

Calculated over the trailing 1-year period

16.45%

13.17%

+3.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.52%

16.28%

+3.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.96%

18.91%

+3.05%

DES vs. OUSM - Expense Ratio Comparison

DES has a 0.38% expense ratio, which is lower than OUSM's 0.48% expense ratio.

Dividends

DES vs. OUSM - Dividend Comparison

DES's dividend yield for the trailing twelve months is around 2.31%, more than OUSM's 2.04% 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%
OUSM
OShares U.S. Small-Cap Quality Dividend ETF		2.04%2.09%1.62%1.64%1.98%1.55%2.02%1.99%2.63%2.17%0.00%0.00%

Frequently Asked Questions

DES and OUSM have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DES has higher volatility (3.95%) compared to OUSM (3.31%). In terms of maximum drawdown, DES dropped -65.48% vs OUSM's -39.84%.

On 5-year performance, OUSM leads with 8.11% vs 7.19% for DES. On fees, DES is cheaper at 0.38% per year. On volatility, OUSM has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, OUSM has performed better with a 8.11% return vs 7.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DES is cheaper with a 0.38% expense ratio, compared with 0.48% for OUSM.

DES has the higher dividend yield at 2.31%, compared with 2.04% for OUSM.

DES tracks WisdomTree SmallCap Dividend (TR), while OUSM tracks O'Shares US Small-Cap Quality Dividend Index. They also come from different issuers: WisdomTree and O'Shares Investments. Their fees differ too: 0.38% for DES and 0.48% for OUSM.

DES currently has the higher Sharpe Ratio (1.77 vs 0.92), 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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