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DHS vs. FDVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DHS vs. FDVV

Last updated Jun 23, 2026

DHS (WisdomTree US High Dividend Fund) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Both are passively managed. Over the past 5 years, DHS returned 11.67%/yr vs 13.81%/yr for FDVV. Their correlation of 0.85 suggests significant overlap in exposure. DHS charges 0.38%/yr vs 0.29%/yr for FDVV.

Performance

DHS vs. FDVV - Performance Comparison

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

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Returns By Period

In the year-to-date period, DHS achieves a 11.70% return, which is significantly higher than FDVV's 8.30% return.

DHS

1D
0.55%
1M
-0.98%
YTD
11.70%
6M
11.36%
1Y
21.93%
3Y*
17.26%
5Y*
11.67%
10Y*
9.64%

FDVV

1D
-0.33%
1M
0.35%
YTD
8.30%
6M
8.41%
1Y
22.58%
3Y*
19.87%
5Y*
13.81%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DHS vs. FDVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DHS
WisdomTree US High Dividend Fund		11.70%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%
FDVV
Fidelity High Dividend ETF		8.30%17.08%21.81%18.00%-4.21%29.24%2.80%24.07%-1.26%14.00%

Correlation

The correlation between DHS and FDVV is 0.65, 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

0.65

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

0.73

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

0.80

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2016

0.85

The correlation between DHS and FDVV shifts across timeframes, from 0.65 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

DHS vs. FDVV - Sectors Allocation Comparison

Sectors
DHS
FDVV

Financial Services

22.1%
17.0%

Consumer Defensive

18.5%
10.7%

Healthcare

14.9%
3.0%

Communication Services

9.0%
3.6%

Energy

8.8%

-

Utilities

8.7%
8.6%

Consumer Cyclical

5.6%
13.6%

Industrials

4.2%
3.0%

Technology

4.1%
30.5%

Real Estate

2.9%
9.9%

Basic Materials

1.2%

-

Financial Services

DHS
22.1%
FDVV
17.0%

Consumer Defensive

DHS
18.5%
FDVV
10.7%

Healthcare

DHS
14.9%
FDVV
3.0%

Communication Services

DHS
9.0%
FDVV
3.6%

Energy

DHS
8.8%
FDVV

-

Utilities

DHS
8.7%
FDVV
8.6%

Consumer Cyclical

DHS
5.6%
FDVV
13.6%

Industrials

DHS
4.2%
FDVV
3.0%

Technology

DHS
4.1%
FDVV
30.5%

Real Estate

DHS
2.9%
FDVV
9.9%

Basic Materials

DHS
1.2%
FDVV

-

Compare stocks, funds, or ETFs

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WisdomTree US High Dividend Fund

Fidelity High Dividend ETF

Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. DTDDHS vs. SPYDHS vs. DNP
Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VYMFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIX

Return for Risk

DHS vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DHS
DHS Risk / Return Rank: 7070
Overall Rank
DHS Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 7575
Sortino Ratio Rank
DHS Omega Ratio Rank: 6464
Omega Ratio Rank
DHS Calmar Ratio Rank: 7272
Calmar Ratio Rank
DHS Martin Ratio Rank: 7070
Martin Ratio Rank
FDVV
FDVV Risk / Return Rank: 6565
Overall Rank
FDVV Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 7272
Sortino Ratio Rank
FDVV Omega Ratio Rank: 7373
Omega Ratio Rank
FDVV Calmar Ratio Rank: 5151
Calmar Ratio Rank
FDVV Martin Ratio Rank: 5959
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. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US High Dividend Fund (DHS) and Fidelity High Dividend ETF (FDVV). 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.

DHSFDVVDifference
Sharpe ratioReturn per unit of total volatility
2.17
2.23

-0.07

Sortino ratioReturn per unit of downside risk
3.21
3.12

+0.10

Omega ratioGain probability vs. loss probability

1.37

1.41

-0.04

Calmar ratioReturn relative to maximum drawdown

3.50

2.44

+1.06

Martin ratioReturn relative to average drawdown

12.69

10.09

+2.60

DHS vs. FDVV - Sharpe Ratio Comparison

The current DHS Sharpe Ratio is 2.17, which is comparable to the FDVV Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of DHS and FDVV, 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. FDVV - Drawdown Comparison

The maximum DHS drawdown since its inception was -67.25%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for DHS and FDVV.

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Drawdown Indicators

DHSFDVVDifference

Max Drawdown

Largest peak-to-trough decline

-67.25%

-40.25%

-27.00%

Max Drawdown (1Y)

Largest decline over 1 year

-6.30%

-9.30%

+3.00%

Max Drawdown (3Y)

Largest decline over 3 years

-11.87%

-15.90%

+4.03%

Max Drawdown (5Y)

Largest decline over 5 years

-15.28%

-20.18%

+4.90%

Max Drawdown (10Y)

Largest decline over 10 years

-37.35%

—

—

Current Drawdown

Current decline from peak

-1.98%

-1.39%

-0.59%

Average Drawdown

Average peak-to-trough decline

-9.53%

-3.79%

-5.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

2.24%

-0.51%

Volatility

DHS vs. FDVV - Volatility Comparison

WisdomTree US High Dividend Fund (DHS) has a higher volatility of 3.56% compared to Fidelity High Dividend ETF (FDVV) at 3.10%. This indicates that DHS's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DHSFDVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.56%

3.10%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

7.51%

8.26%

-0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

10.19%

10.17%

+0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.88%

14.73%

-0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.10%

16.97%

-0.87%

DHS vs. FDVV - Expense Ratio Comparison

DHS has a 0.38% expense ratio, which is higher than FDVV's 0.29% expense ratio.

Dividends

DHS vs. FDVV - Dividend Comparison

DHS's dividend yield for the trailing twelve months is around 3.30%, more than FDVV's 2.86% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.30%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%
FDVV
Fidelity High Dividend ETF		2.86%2.89%2.94%3.77%3.44%2.70%3.19%3.93%4.05%3.66%1.04%0.00%

Frequently Asked Questions

DHS and FDVV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DHS has higher volatility (3.56%) compared to FDVV (3.10%). In terms of maximum drawdown, DHS dropped -67.25% vs FDVV's -40.25%.

On 5-year performance, FDVV leads with 13.81% vs 11.67% for DHS. On fees, FDVV is cheaper at 0.29% per year. On volatility, FDVV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDVV has performed better with a 13.81% return vs 11.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDVV is cheaper with a 0.29% expense ratio, compared with 0.38% for DHS.

DHS has the higher dividend yield at 3.30%, compared with 2.86% for FDVV.

DHS is categorized as Large Cap Value Equities, while FDVV is Large Cap Blend Equities. DHS tracks WisdomTree U.S. High Dividend Index, while FDVV tracks Fidelity Core Dividend Index. They also come from different issuers: WisdomTree and Fidelity. Their fees differ too: 0.38% for DHS and 0.29% for FDVV.

FDVV currently has the higher Sharpe Ratio (2.23 vs 2.17), 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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