DHS vs. DBO
DHS (WisdomTree US High Dividend Fund) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index, while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 10 years, DHS returned 9.68%/yr vs 12.59%/yr for DBO. Their 0.29 correlation means their historical movements had little consistent relationship. DHS charges 0.38%/yr vs 0.78%/yr for DBO.
Performance
DHS vs. DBO - Performance Comparison
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Returns By Period
In the year-to-date period, DHS achieves a 16.66% return, which is significantly lower than DBO's 76.48% return. Over the past 10 years, DHS has underperformed DBO with an annualized return of 9.68%, while DBO has yielded a comparatively higher 12.59% annualized return.
DHS
- 1D
- -0.37%
- 1M
- 1.58%
- 6M
- 9.76%
- YTD
- 16.66%
- 1Y
- 25.21%
- 3Y*
- 16.49%
- 5Y*
- 12.26%
- 10Y*
- 9.68%
- ALL TIME*
- 8.24%
DBO
- 1D
- 1.56%
- 1M
- 24.59%
- 6M
- 53.46%
- YTD
- 76.48%
- 1Y
- 60.30%
- 3Y*
- 14.86%
- 5Y*
- 13.46%
- 10Y*
- 12.59%
- ALL TIME*
- 0.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.01M | $10.23M | $13.95M | |
| $5.32M | $3.61M | $2.98M |
DHS vs. DBO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 16.66% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
DBO Invesco DB Oil Fund | 76.48% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 28.05% | -15.22% | 4.86% |
Correlation
The correlation between DHS and DBO is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2007 | 0.29 |
The correlation between DHS and DBO shifts across timeframes, from -0.11 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DHS vs. DBO — Risk / Return Rank
DHS
DBO
DHS vs. DBO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US High Dividend Fund (DHS) and Invesco DB Oil Fund (DBO). 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.
| DHS | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.25 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 2.01 | +1.96 |
| Martin ratioReturn relative to average drawdown | 14.58 | 6.09 | +8.49 |
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Drawdowns
DHS vs. DBO - Drawdown Comparison
The maximum DHS drawdown since its inception was -67.25%, smaller than the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for DHS and DBO.
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Drawdown Indicators
| DHS | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.25% | -90.18% | +22.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -27.73% | +21.43% |
Max Drawdown (3Y)Largest decline over 3 years | -11.87% | -28.20% | +16.33% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -37.68% | +22.40% |
Max Drawdown (10Y)Largest decline over 10 years | -37.35% | -61.69% | +24.34% |
Current DrawdownCurrent decline from peak | -2.23% | -53.56% | +51.33% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -62.20% | +52.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 9.96% | -8.25% |
Volatility
DHS vs. DBO - Volatility Comparison
The current volatility for WisdomTree US High Dividend Fund (DHS) is 3.88%, while Invesco DB Oil Fund (DBO) has a volatility of 17.75%. This indicates that DHS experiences smaller price fluctuations and is considered to be less risky than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHS | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 17.75% | -13.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 33.77% | -25.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 38.53% | -28.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 33.35% | -19.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 32.20% | -16.11% |
DHS vs. DBO - Expense Ratio Comparison
DHS has a 0.38% expense ratio, which is lower than DBO's 0.78% expense ratio.
Dividends
DHS vs. DBO - Dividend Comparison
DHS's dividend yield for the trailing twelve months is around 3.19%, more than DBO's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 1.99% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 0.00% | 0.00% | 0.00% |
DHS WisdomTree US High Dividend Fund | 3.19% | 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 DBO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBO has higher volatility (17.75%) compared to DHS (3.88%). In terms of maximum drawdown, DHS dropped -67.25% vs DBO's -90.18%.
On 10-year performance, DBO leads with 12.59% vs 9.68% for DHS. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBO has performed better with a 12.59% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DHS is cheaper with a 0.38% expense ratio, compared with 0.78% for DBO.
DHS has the higher dividend yield at 3.19%, compared with 1.99% for DBO.
DHS is categorized as Large Cap Value Equities, while DBO is Oil & Gas. DHS tracks WisdomTree U.S. High Dividend Index, while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.38% for DHS and 0.78% for DBO.
DHS currently has the higher Sharpe Ratio (2.41 vs 1.45), 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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