DHS vs. PWV
DHS (WisdomTree US High Dividend Fund) and PWV (Invesco Dynamic Large Cap Value ETF) are both Large Cap Value Equities funds - DHS tracks the WisdomTree U.S. High Dividend Index while PWV tracks the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past 10 years, DHS returned 9.47%/yr vs 11.81%/yr for PWV. Their correlation of 0.89 suggests significant overlap in exposure. DHS charges 0.38%/yr vs 0.58%/yr for PWV.
Performance
DHS vs. PWV - Performance Comparison
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Returns By Period
In the year-to-date period, DHS achieves a 9.88% return, which is significantly lower than PWV's 12.10% return. Over the past 10 years, DHS has underperformed PWV with an annualized return of 9.47%, while PWV has yielded a comparatively higher 11.81% annualized return.
DHS
- 1D
- -0.67%
- 1M
- -0.16%
- YTD
- 9.88%
- 6M
- 10.38%
- 1Y
- 20.55%
- 3Y*
- 16.39%
- 5Y*
- 10.59%
- 10Y*
- 9.47%
PWV
- 1D
- -0.14%
- 1M
- 2.43%
- YTD
- 12.10%
- 6M
- 12.38%
- 1Y
- 25.33%
- 3Y*
- 20.79%
- 5Y*
- 12.50%
- 10Y*
- 11.81%
DHS vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 9.88% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
PWV Invesco Dynamic Large Cap Value ETF | 12.10% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -14.12% | 16.98% |
Correlation
The correlation between DHS and PWV is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2006 | 0.89 |
The correlation between DHS and PWV has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
DHS vs. PWV — Risk / Return Rank
DHS
PWV
DHS vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US High Dividend Fund (DHS) and Invesco Dynamic Large Cap Value ETF (PWV). 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.
| DHS | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.48 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 6.28 | -3.00 |
| Martin ratioReturn relative to average drawdown | 12.04 | 21.16 | -9.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DHS | PWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.74 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.88 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.69 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.41 | -0.01 |
Drawdowns
DHS vs. PWV - Drawdown Comparison
The maximum DHS drawdown since its inception was -67.25%, which is greater than PWV's maximum drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for DHS and PWV.
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Drawdown Indicators
| DHS | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.25% | -49.04% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -4.05% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -11.87% | -14.31% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -16.36% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -37.35% | -37.67% | +0.32% |
Current DrawdownCurrent decline from peak | -2.60% | -0.51% | -2.09% |
Average DrawdownAverage peak-to-trough decline | -9.55% | -9.50% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.20% | +0.51% |
Volatility
DHS vs. PWV - Volatility Comparison
WisdomTree US High Dividend Fund (DHS) has a higher volatility of 2.88% compared to Invesco Dynamic Large Cap Value ETF (PWV) at 2.35%. This indicates that DHS's price experiences larger fluctuations and is considered to be riskier than PWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHS | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.35% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.32% | 6.62% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 9.31% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 14.35% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 17.16% | -1.08% |
DHS vs. PWV - Expense Ratio Comparison
DHS has a 0.38% expense ratio, which is lower than PWV's 0.58% expense ratio.
Dividends
DHS vs. PWV - Dividend Comparison
DHS's dividend yield for the trailing twelve months is around 3.35%, more than PWV's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.35% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
PWV Invesco Dynamic Large Cap Value ETF | 1.81% | 2.12% | 2.08% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% |
Frequently Asked Questions
DHS and PWV have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHS has higher volatility (2.88%) compared to PWV (2.35%). In terms of maximum drawdown, DHS dropped -67.25% vs PWV's -49.04%.
On 10-year performance, PWV leads with 11.81% vs 9.47% for DHS. On fees, DHS is cheaper at 0.38% per year. On volatility, PWV has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PWV has performed better with a 11.81% return vs 9.47%. 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 0.58% for PWV.
DHS has the higher dividend yield at 3.35%, compared with 1.81% for PWV.
DHS tracks WisdomTree U.S. High Dividend Index, while PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX). They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.38% for DHS and 0.58% for PWV.
PWV currently has the higher Sharpe Ratio (2.74 vs 2.06), 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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