DFE vs. HEDJ
Compare and contrast key facts about WisdomTree Europe SmallCap Dividend Fund (DFE) and WisdomTree Europe Hedged Equity Fund (HEDJ).
DFE and HEDJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe SmallCap Dividend Index. It was launched on Jun 16, 2006. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. Both DFE and HEDJ 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: DFE or HEDJ.
Key characteristics
| DFE | HEDJ | |
|---|---|---|
| YTD Return | -0.77% | 2.65% |
| 1Y Return | 9.06% | 9.25% |
| 3Y Return (Ann) | -4.04% | 4.96% |
| 5Y Return (Ann) | 3.22% | 7.16% |
| 10Y Return (Ann) | 5.07% | 8.21% |
| Sharpe Ratio | 0.85 | 0.84 |
| Sortino Ratio | 1.29 | 1.22 |
| Omega Ratio | 1.15 | 1.15 |
| Calmar Ratio | 0.59 | 0.93 |
| Martin Ratio | 4.21 | 2.44 |
| Ulcer Index | 3.35% | 4.60% |
| Daily Std Dev | 16.59% | 13.36% |
| Max Drawdown | -69.38% | -38.18% |
| Current Drawdown | -15.64% | -9.29% |
Correlation
The correlation between DFE and HEDJ is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DFE vs. HEDJ - Performance Comparison
In the year-to-date period, DFE achieves a -0.77% return, which is significantly lower than HEDJ's 2.65% return. Over the past 10 years, DFE has underperformed HEDJ with an annualized return of 5.07%, while HEDJ has yielded a comparatively higher 8.21% annualized 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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DFE vs. HEDJ - Expense Ratio Comparison
Both DFE and HEDJ have an expense ratio of 0.58%.
Risk-Adjusted Performance
DFE vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend Fund (DFE) and WisdomTree Europe Hedged Equity Fund (HEDJ). 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
DFE vs. HEDJ - Dividend Comparison
DFE's dividend yield for the trailing twelve months is around 4.09%, more than HEDJ's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 4.09% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% | 2.98% | 2.39% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.06% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
Drawdowns
DFE vs. HEDJ - Drawdown Comparison
The maximum DFE drawdown since its inception was -69.38%, which is greater than HEDJ's maximum drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for DFE and HEDJ. For additional features, visit the drawdowns tool.
Volatility
DFE vs. HEDJ - Volatility Comparison
WisdomTree Europe SmallCap Dividend Fund (DFE) has a higher volatility of 4.83% compared to WisdomTree Europe Hedged Equity Fund (HEDJ) at 4.03%. This indicates that DFE's price experiences larger fluctuations and is considered to be riskier than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.