DES vs. RMT
DES (WisdomTree U.S. SmallCap Dividend Fund) is Small Cap Blend Equities fund tracking the WisdomTree SmallCap Dividend (TR), while RMT (Royce Micro-Cap Trust, Inc.) is a stock. Over the past 10 years, DES returned 8.55%/yr vs 15.86%/yr for RMT. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
DES vs. RMT - Performance Comparison
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Returns By Period
In the year-to-date period, DES achieves a 19.31% return, which is significantly lower than RMT's 38.28% return. Over the past 10 years, DES has underperformed RMT with an annualized return of 8.55%, while RMT has yielded a comparatively higher 15.86% 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%
RMT
- 1D
- -2.17%
- 1M
- 5.11%
- YTD
- 38.28%
- 6M
- 35.55%
- 1Y
- 69.59%
- 3Y*
- 27.55%
- 5Y*
- 11.33%
- 10Y*
- 15.86%
DES vs. RMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
RMT Royce Micro-Cap Trust, Inc. | 38.28% | 16.10% | 13.97% | 15.81% | -16.82% | 22.56% | 27.97% | 25.05% | -14.88% | 25.27% |
Correlation
The correlation between DES and RMT is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.78 |
The correlation between DES and RMT has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
DES vs. RMT — Risk / Return Rank
DES
RMT
DES vs. RMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and Royce Micro-Cap Trust, Inc. (RMT). 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.
| DES | RMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.53 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 6.16 | -2.35 |
| Martin ratioReturn relative to average drawdown | 10.90 | 21.95 | -11.05 |
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Drawdowns
DES vs. RMT - Drawdown Comparison
The maximum DES drawdown since its inception was -65.48%, smaller than the maximum RMT drawdown of -73.94%. Use the drawdown chart below to compare losses from any high point for DES and RMT.
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Drawdown Indicators
| DES | RMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.48% | -73.94% | +8.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -11.36% | +3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -25.16% | -26.41% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -30.73% | +5.57% |
Max Drawdown (10Y)Largest decline over 10 years | -45.65% | -50.40% | +4.75% |
Current DrawdownCurrent decline from peak | -0.97% | -2.17% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -14.09% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 3.18% | -0.52% |
Volatility
DES vs. RMT - Volatility Comparison
The current volatility for WisdomTree U.S. SmallCap Dividend Fund (DES) is 3.95%, while Royce Micro-Cap Trust, Inc. (RMT) has a volatility of 7.19%. This indicates that DES experiences smaller price fluctuations and is considered to be less risky than RMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DES | RMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 7.19% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 15.45% | -4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 20.66% | -4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 21.79% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.96% | 22.40% | -0.44% |
Dividends
DES vs. RMT - Dividend Comparison
DES's dividend yield for the trailing twelve months is around 2.31%, less than RMT's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RMT Royce Micro-Cap Trust, Inc. | 5.87% | 7.57% | 7.59% | 8.01% | 10.94% | 7.27% | 6.03% | 7.96% | 10.11% | 7.31% | 7.84% | 17.36% |
Frequently Asked Questions
DES and RMT have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMT has higher volatility (7.19%) compared to DES (3.95%). In terms of maximum drawdown, DES dropped -65.48% vs RMT's -73.94%.
RMT currently has the higher Sharpe Ratio (3.39 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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