DEW vs. SPY
Compare and contrast key facts about WisdomTree Global High Dividend Fund (DEW) and SPDR S&P 500 ETF (SPY).
DEW and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DEW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Global High Dividend Index. It was launched on Jun 16, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both DEW and SPY 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: DEW or SPY.
Performance
DEW vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, DEW achieves a 15.07% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, DEW has underperformed SPY with an annualized return of 5.71%, while SPY has yielded a comparatively higher 13.07% annualized return.
DEW
15.07%
-1.61%
7.60%
22.62%
7.29%
5.71%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| DEW | SPY | |
|---|---|---|
| Sharpe Ratio | 2.27 | 2.69 |
| Sortino Ratio | 3.10 | 3.59 |
| Omega Ratio | 1.40 | 1.50 |
| Calmar Ratio | 4.42 | 3.89 |
| Martin Ratio | 13.54 | 17.53 |
| Ulcer Index | 1.70% | 1.87% |
| Daily Std Dev | 10.14% | 12.15% |
| Max Drawdown | -65.55% | -55.19% |
| Current Drawdown | -1.61% | -1.41% |
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DEW vs. SPY - Expense Ratio Comparison
DEW has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between DEW and SPY is 0.78, 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.
Risk-Adjusted Performance
DEW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global High Dividend Fund (DEW) and SPDR S&P 500 ETF (SPY). 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
DEW vs. SPY - Dividend Comparison
DEW's dividend yield for the trailing twelve months is around 3.95%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEW WisdomTree Global High Dividend Fund | 3.95% | 4.55% | 3.82% | 3.55% | 4.10% | 3.74% | 4.17% | 3.18% | 3.42% | 4.32% | 5.00% | 3.65% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DEW vs. SPY - Drawdown Comparison
The maximum DEW drawdown since its inception was -65.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DEW and SPY. For additional features, visit the drawdowns tool.
Volatility
DEW vs. SPY - Volatility Comparison
The current volatility for WisdomTree Global High Dividend Fund (DEW) is 2.44%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that DEW experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.