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DES vs. WCEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DES vs. WCEO

Last updated Aug 4, 2026
Documentation

DES (WisdomTree U.S. SmallCap Dividend Fund) and WCEO (Hypatia Women CEO ETF) are both Small Cap Blend Equities funds. DES is passively managed, while WCEO is actively managed. Over the past 3 years, DES returned 13.85%/yr vs 14.25%/yr for WCEO. Their correlation of 0.90 means they have usually moved in the same direction. DES charges 0.38%/yr vs 0.85%/yr for WCEO.

Performance

DES vs. WCEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Dividend Fund (DES) and Hypatia Women CEO ETF (WCEO). 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 24.40% return, which is significantly higher than WCEO's 18.40% return.

DES

1D
1.38%
1M
2.25%
6M
14.77%
YTD
24.40%
1Y
34.94%
3Y*
13.85%
5Y*
8.92%
10Y*
8.19%
ALL TIME*
7.95%

WCEO

1D
1.74%
1M
1.31%
6M
13.20%
YTD
18.40%
1Y
30.78%
3Y*
14.25%
5Y*
—
10Y*
—
ALL TIME*
13.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DES

WisdomTree U.S. SmallCap Dividend Fund
$3.72M$4.44M$5.66M

WCEO

Hypatia Women CEO ETF
$58.82K$49.20K$48.58K

DES vs. WCEO - Yearly Performance Comparison

2026 (YTD)202520242023
DES
WisdomTree U.S. SmallCap Dividend Fund		24.40%0.25%9.93%12.89%
WCEO
Hypatia Women CEO ETF		18.40%9.77%8.28%10.51%

Correlation

The correlation between DES and WCEO is 0.83, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.83

Correlation (3Y)
Balances recent behavior with more history.

0.89

Correlation (All Time)
Calculated using the full available price history since Jan 9, 2023

0.90

The correlation between DES and WCEO has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

DES vs. WCEO - Sectors Allocation Comparison

Sectors
DES
WCEO

Financial Services

25.2%
18.4%

Consumer Cyclical

16.3%
13.4%

Industrials

13.6%
15.1%

Real Estate

9.9%
6.5%

Energy

9.5%
4.5%

Technology

6.2%
16.2%

Basic Materials

6.1%
4.2%

Utilities

4.1%
1.9%

Consumer Defensive

4.1%
4.1%

Communication Services

2.9%
3.3%

Healthcare

2.1%
12.0%

Financial Services

DES
25.2%
WCEO
18.4%

Consumer Cyclical

DES
16.3%
WCEO
13.4%

Industrials

DES
13.6%
WCEO
15.1%

Real Estate

DES
9.9%
WCEO
6.5%

Energy

DES
9.5%
WCEO
4.5%

Technology

DES
6.2%
WCEO
16.2%

Basic Materials

DES
6.1%
WCEO
4.2%

Utilities

DES
4.1%
WCEO
1.9%

Consumer Defensive

DES
4.1%
WCEO
4.1%

Communication Services

DES
2.9%
WCEO
3.3%

Healthcare

DES
2.1%
WCEO
12.0%

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

Hypatia Women CEO ETF

Often compared with DES:
DES vs. FDVVDES vs. AVUVDES vs. EESDES vs. IWNDES vs. SCHDDES vs. VBRDES vs. VXUS
Often compared with WCEO:
WCEO vs. VOOWCEO vs. SPYWCEO vs. IWMWCEO vs. XMLVWCEO vs. ALTYWCEO vs. DFMCWCEO vs. FYX

Return for Risk

DES vs. WCEO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DES
DES Risk / Return Rank: 9090
Overall Rank
DES Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DES Sortino Ratio Rank: 9191
Sortino Ratio Rank
DES Omega Ratio Rank: 8787
Omega Ratio Rank
DES Calmar Ratio Rank: 9393
Calmar Ratio Rank
DES Martin Ratio Rank: 8888
Martin Ratio Rank
WCEO
WCEO Risk / Return Rank: 8787
Overall Rank
WCEO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
WCEO Sortino Ratio Rank: 8888
Sortino Ratio Rank
WCEO Omega Ratio Rank: 8282
Omega Ratio Rank
WCEO Calmar Ratio Rank: 9292
Calmar Ratio Rank
WCEO Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DES vs. WCEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and Hypatia Women CEO ETF (WCEO). 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.

DESWCEODifference
Sharpe ratioReturn per unit of total volatility
2.23
2.09

+0.14

Sortino ratioReturn per unit of downside risk
3.33
3.13

+0.20

Omega ratioGain probability vs. loss probability

1.40

1.37

+0.03

Calmar ratioReturn relative to maximum drawdown

4.59

4.45

+0.15

Martin ratioReturn relative to average drawdown

13.84

14.32

-0.47

DES vs. WCEO - Sharpe Ratio Comparison

The current DES Sharpe Ratio is 2.23, which is comparable to the WCEO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of DES and WCEO, 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. WCEO - Drawdown Comparison

The maximum DES drawdown since its inception was -65.48%, which is greater than WCEO's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for DES and WCEO.

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Drawdown Indicators

DESWCEODifference

Max Drawdown

Largest peak-to-trough decline

-65.48%

-25.88%

-39.60%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-6.96%

-0.68%

Max Drawdown (3Y)

Largest decline over 3 years

-25.16%

-25.88%

+0.72%

Max Drawdown (5Y)

Largest decline over 5 years

-25.16%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-45.65%

—

—

Current Drawdown

Current decline from peak

-0.18%

0.00%

-0.18%

Average Drawdown

Average peak-to-trough decline

-9.61%

-5.28%

-4.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

2.16%

+0.37%

Volatility

DES vs. WCEO - Volatility Comparison

WisdomTree U.S. SmallCap Dividend Fund (DES) and Hypatia Women CEO ETF (WCEO) have volatilities of 3.55% and 3.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DESWCEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.55%

3.68%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

10.25%

10.28%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

15.76%

14.81%

+0.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.39%

17.91%

+1.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.93%

17.91%

+4.02%

DES vs. WCEO - Expense Ratio Comparison

DES has a 0.38% expense ratio, which is lower than WCEO's 0.85% expense ratio.

Dividends

DES vs. WCEO - Dividend Comparison

DES's dividend yield for the trailing twelve months is around 2.23%, more than WCEO's 0.54% yield.

PositionTTM20252024202320222021202020192018201720162015
DES
WisdomTree U.S. SmallCap Dividend Fund		2.23%2.85%2.81%2.65%2.89%2.31%2.75%2.68%3.65%2.89%2.70%3.09%
WCEO
Hypatia Women CEO ETF		0.54%0.64%0.88%0.93%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DES and WCEO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WCEO has higher volatility (3.68%) compared to DES (3.55%). In terms of maximum drawdown, DES dropped -65.48% vs WCEO's -25.88%.

On 3-year performance, WCEO leads with 14.25% vs 13.85% for DES. On fees, DES is cheaper at 0.38% per year. On volatility, DES has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, WCEO has performed better with a 14.25% return vs 13.85%. 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 0.85% for WCEO.

DES has the higher dividend yield at 2.23%, compared with 0.54% for WCEO.

They also come from different issuers: WisdomTree and Hypatia. Their fees differ too: 0.38% for DES and 0.85% for WCEO.

DES currently has the higher Sharpe Ratio (2.23 vs 2.09), 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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