DFE vs. NTSX

Last updated Jun 4, 2026

DFE (WisdomTree Europe SmallCap Dividend Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - DFE is a Europe Equities fund tracking the WisdomTree Europe SmallCap Dividend Index, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. DFE is passively managed, while NTSX is actively managed. Over the past 5 years, DFE returned 4.05%/yr vs 9.69%/yr for NTSX. A 0.65 correlation means they provide meaningful diversification when combined. DFE charges 0.58%/yr vs 0.20%/yr for NTSX.

Performance

DFE vs. NTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Europe SmallCap Dividend Fund (DFE) and WisdomTree U.S. Efficient Core Fund (NTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFE achieves a 5.19% return, which is significantly lower than NTSX's 8.62% return.

DFE

• 1D: -1.08%
• 1M: 1.12%
• YTD: 5.19%
• 6M: 8.60%
• 1Y: 14.01%
• 3Y*: 14.44%
• 5Y*: 4.05%
• 10Y*: 6.78%

NTSX

• 1D: -1.05%
• 1M: 4.37%
• YTD: 8.62%
• 6M: 7.83%
• 1Y: 25.27%
• 3Y*: 19.38%
• 5Y*: 9.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFE vs. NTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DFE WisdomTree Europe SmallCap Dividend Fund	5.19%	32.85%	-0.61%	14.94%	-22.15%	18.44%	2.15%	27.15%	-17.15%
NTSX WisdomTree U.S. Efficient Core Fund	8.62%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	32.03%	-8.72%

Correlation

The correlation between DFE and NTSX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018	0.65

The correlation between DFE and NTSX has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

DFE vs. NTSX - Sectors Allocation Comparison

Sectors	DFE	NTSX
Industrials	25.3%	7.7%
Financial Services	9.7%	12.3%
Consumer Cyclical	9.5%	10.1%
Basic Materials	7.5%	1.4%
Technology	7.1%	35.1%
Energy	6.9%	3.5%
Real Estate	6.3%	1.5%
Communication Services	5.5%	12.5%
Consumer Defensive	4.3%	5.5%
Healthcare	3.5%	8.4%
Utilities	3.5%	2.1%

Return for Risk

DFE vs. NTSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFE

DFE Risk / Return Rank: 27
DFE Sharpe Ratio Rank: 27
DFE Sortino Ratio Rank: 26
DFE Omega Ratio Rank: 26
DFE Calmar Ratio Rank: 26
DFE Martin Ratio Rank: 29

NTSX

NTSX Risk / Return Rank: 60
NTSX Sharpe Ratio Rank: 60
NTSX Sortino Ratio Rank: 58
NTSX Omega Ratio Rank: 59
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

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.

DFE vs. NTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend Fund (DFE) and WisdomTree U.S. Efficient Core Fund (NTSX). 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.

	DFE	NTSX	Difference
Sharpe ratio Return per unit of total volatility	0.96	2.06	-1.10
Sortino ratio Return per unit of downside risk	1.43	2.81	-1.38
Omega ratio Gain probability vs. loss probability	1.18	1.37	-0.19
Calmar ratio Return relative to maximum drawdown	1.23	2.77	-1.54
Martin ratio Return relative to average drawdown	4.24	12.25	-8.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFE vs. NTSX - Sharpe Ratio Comparison

The current DFE Sharpe Ratio is 0.96, which is lower than the NTSX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DFE and NTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFE	NTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	2.06	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.57	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.71	-0.42

Drawdowns

DFE vs. NTSX - Drawdown Comparison

The maximum DFE drawdown since its inception was -69.38%, which is greater than NTSX's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for DFE and NTSX.

Drawdown Indicators

	DFE	NTSX	Difference
Max Drawdown Largest peak-to-trough decline	-69.38%	-31.34%	-38.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-9.16%	-2.25%
Max Drawdown (3Y) Largest decline over 3 years	-16.41%	-16.82%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-40.34%	-31.34%	-9.00%
Max Drawdown (10Y) Largest decline over 10 years	-49.66%	—	—
Current Drawdown Current decline from peak	-3.11%	-1.05%	-2.06%
Average Drawdown Average peak-to-trough decline	-17.73%	-6.79%	-10.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	2.07%	+1.24%

Volatility

DFE vs. NTSX - Volatility Comparison

WisdomTree Europe SmallCap Dividend Fund (DFE) has a higher volatility of 5.06% compared to WisdomTree U.S. Efficient Core Fund (NTSX) at 3.39%. This indicates that DFE's price experiences larger fluctuations and is considered to be riskier than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFE	NTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	3.39%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	9.58%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.64%	12.31%	+2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.01%	17.04%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	18.27%	+1.50%

DFE vs. NTSX - Expense Ratio Comparison

DFE has a 0.58% expense ratio, which is higher than NTSX's 0.20% expense ratio.

Dividends

DFE vs. NTSX - Dividend Comparison

DFE's dividend yield for the trailing twelve months is around 3.89%, more than NTSX's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFE WisdomTree Europe SmallCap Dividend Fund	3.89%	4.38%	4.93%	4.97%	5.84%	2.56%	2.43%	3.39%	4.97%	2.53%	4.05%	2.78%
NTSX WisdomTree U.S. Efficient Core Fund	1.08%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFE and NTSX in my portfolio?

DFE and NTSX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFE or NTSX?

DFE has higher volatility (5.06%) compared to NTSX (3.39%). In terms of maximum drawdown, DFE dropped -69.38% vs NTSX's -31.34%.

Which ETF is better, DFE or NTSX?

On 5-year performance, NTSX leads with 9.69% vs 4.05% for DFE. On fees, NTSX is cheaper at 0.20% per year. On volatility, NTSX has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFE or NTSX?

Over the 5-year period, NTSX has performed better with a 9.69% return vs 4.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFE or NTSX?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.58% for DFE.

Which ETF pays a higher dividend yield, DFE or NTSX?

DFE has the higher dividend yield at 3.89%, compared with 1.08% for NTSX.

What is the main difference between DFE and NTSX?

DFE is categorized as Europe Equities, while NTSX is Diversified Portfolio. Their fees differ too: 0.58% for DFE and 0.20% for NTSX.

Which has better risk-adjusted returns?

NTSX currently has the higher Sharpe Ratio (2.06 vs 0.96), 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.