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DHS vs. ACWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DHS vs. ACWX

Last updated Jun 12, 2026

DHS (WisdomTree US High Dividend Fund) and ACWX (iShares MSCI ACWI ex U.S. ETF) are both exchange-traded funds - DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index, while ACWX is a Foreign Large Cap Equities fund tracking the MSCI All Country World ex-U.S. Index. Both are passively managed. Over the past 10 years, DHS returned 9.75%/yr vs 9.87%/yr for ACWX. A 0.70 correlation means they provide meaningful diversification when combined. DHS charges 0.38%/yr vs 0.32%/yr for ACWX.

Performance

DHS vs. ACWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US High Dividend Fund (DHS) and iShares MSCI ACWI ex U.S. ETF (ACWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with DHS having a 12.81% return and ACWX slightly higher at 13.42%. Both investments have delivered pretty close results over the past 10 years, with DHS having a 9.75% annualized return and ACWX not far ahead at 9.87%.

DHS

1D
0.56%
1M
2.48%
YTD
12.81%
6M
12.76%
1Y
22.47%
3Y*
16.75%
5Y*
11.12%
10Y*
9.75%

ACWX

1D
3.41%
1M
1.94%
YTD
13.42%
6M
14.35%
1Y
28.83%
3Y*
18.66%
5Y*
8.17%
10Y*
9.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DHS vs. ACWX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DHS
WisdomTree US High Dividend Fund		12.81%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%
ACWX
iShares MSCI ACWI ex U.S. ETF		13.42%32.59%5.17%15.63%-16.07%7.67%10.29%21.05%-13.99%27.20%

Correlation

The correlation between DHS and ACWX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2008

0.70

Over the past year, the correlation between DHS and ACWX has dropped to 0.39 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

DHS vs. ACWX - Sectors Allocation Comparison

Sectors
DHS
ACWX

Financial Services

22.3%
23.3%

Consumer Defensive

18.7%
5.0%

Healthcare

14.5%
6.7%

Energy

9.4%
4.8%

Communication Services

9.3%
4.7%

Utilities

9.0%
2.8%

Consumer Cyclical

5.0%
7.3%

Industrials

4.1%
14.0%

Technology

3.7%
22.4%

Real Estate

2.8%
1.2%

Basic Materials

1.2%
6.7%

Financial Services

DHS
22.3%
ACWX
23.3%

Consumer Defensive

DHS
18.7%
ACWX
5.0%

Healthcare

DHS
14.5%
ACWX
6.7%

Energy

DHS
9.4%
ACWX
4.8%

Communication Services

DHS
9.3%
ACWX
4.7%

Utilities

DHS
9.0%
ACWX
2.8%

Consumer Cyclical

DHS
5.0%
ACWX
7.3%

Industrials

DHS
4.1%
ACWX
14.0%

Technology

DHS
3.7%
ACWX
22.4%

Real Estate

DHS
2.8%
ACWX
1.2%

Basic Materials

DHS
1.2%
ACWX
6.7%

Compare stocks, funds, or ETFs

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WisdomTree US High Dividend Fund

iShares MSCI ACWI ex U.S. ETF

Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY
Often compared with ACWX:
ACWX vs. SPYACWX vs. VXUSACWX vs. ACWIACWX vs. VEUACWX vs. IXUSACWX vs. VOOACWX vs. IWV

Return for Risk

DHS vs. ACWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DHS
DHS Risk / Return Rank: 8282
Overall Rank
DHS Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 8888
Sortino Ratio Rank
DHS Omega Ratio Rank: 7979
Omega Ratio Rank
DHS Calmar Ratio Rank: 8181
Calmar Ratio Rank
DHS Martin Ratio Rank: 8181
Martin Ratio Rank
ACWX
ACWX Risk / Return Rank: 6464
Overall Rank
ACWX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
ACWX Sortino Ratio Rank: 6363
Sortino Ratio Rank
ACWX Omega Ratio Rank: 6666
Omega Ratio Rank
ACWX Calmar Ratio Rank: 6161
Calmar Ratio Rank
ACWX Martin Ratio Rank: 6565
Martin Ratio Rank
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.

DHS vs. ACWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US High Dividend Fund (DHS) and iShares MSCI ACWI ex U.S. ETF (ACWX). 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.

DHSACWXDifference
Sharpe ratioReturn per unit of total volatility
2.25
1.76

+0.49

Sortino ratioReturn per unit of downside risk
3.37
2.43

+0.94

Omega ratioGain probability vs. loss probability

1.39

1.32

+0.06

Calmar ratioReturn relative to maximum drawdown

3.58

2.53

+1.05

Martin ratioReturn relative to average drawdown

13.09

9.69

+3.40

DHS vs. ACWX - Sharpe Ratio Comparison

The current DHS Sharpe Ratio is 2.25, which is comparable to the ACWX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of DHS and ACWX, 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

DHS vs. ACWX - Drawdown Comparison

The maximum DHS drawdown since its inception was -67.25%, which is greater than ACWX's maximum drawdown of -60.40%. Use the drawdown chart below to compare losses from any high point for DHS and ACWX.

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Drawdown Indicators

DHSACWXDifference

Max Drawdown

Largest peak-to-trough decline

-67.25%

-60.40%

-6.85%

Max Drawdown (1Y)

Largest decline over 1 year

-6.30%

-11.42%

+5.12%

Max Drawdown (3Y)

Largest decline over 3 years

-11.87%

-13.84%

+1.97%

Max Drawdown (5Y)

Largest decline over 5 years

-15.28%

-30.07%

+14.79%

Max Drawdown (10Y)

Largest decline over 10 years

-37.35%

-35.38%

-1.97%

Current Drawdown

Current decline from peak

-0.00%

-1.82%

+1.82%

Average Drawdown

Average peak-to-trough decline

-9.54%

-13.32%

+3.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.72%

2.98%

-1.26%

Volatility

DHS vs. ACWX - Volatility Comparison

The current volatility for WisdomTree US High Dividend Fund (DHS) is 3.07%, while iShares MSCI ACWI ex U.S. ETF (ACWX) has a volatility of 7.03%. This indicates that DHS experiences smaller price fluctuations and is considered to be less risky than ACWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DHSACWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.07%

7.03%

-3.96%

Volatility (6M)

Calculated over the trailing 6-month period

7.35%

14.36%

-7.01%

Volatility (1Y)

Calculated over the trailing 1-year period

10.02%

16.43%

-6.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.90%

16.46%

-2.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.08%

17.43%

-1.35%

DHS vs. ACWX - Expense Ratio Comparison

DHS has a 0.38% expense ratio, which is higher than ACWX's 0.32% expense ratio.

Dividends

DHS vs. ACWX - Dividend Comparison

DHS's dividend yield for the trailing twelve months is around 3.27%, more than ACWX's 2.49% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWX
iShares MSCI ACWI ex U.S. ETF		2.49%2.82%2.97%2.96%2.68%2.74%1.88%3.22%2.60%2.40%2.77%2.51%
DHS
WisdomTree US High Dividend Fund		3.27%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%

Frequently Asked Questions

DHS and ACWX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ACWX has higher volatility (7.03%) compared to DHS (3.07%). In terms of maximum drawdown, DHS dropped -67.25% vs ACWX's -60.40%.

On 10-year performance, ACWX leads with 9.87% vs 9.75% for DHS. On fees, ACWX is cheaper at 0.32% per year. On volatility, DHS has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ACWX has performed better with a 9.87% return vs 9.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ACWX is cheaper with a 0.32% expense ratio, compared with 0.38% for DHS.

DHS has the higher dividend yield at 3.27%, compared with 2.49% for ACWX.

DHS is categorized as Large Cap Value Equities, while ACWX is Foreign Large Cap Equities. DHS tracks WisdomTree U.S. High Dividend Index, while ACWX tracks MSCI All Country World ex-U.S. Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for DHS and 0.32% for ACWX.

DHS currently has the higher Sharpe Ratio (2.25 vs 1.76), 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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