DHS vs. SPHD
Compare and contrast key facts about WisdomTree US High Dividend Fund (DHS) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
DHS and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DHS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. High Dividend Index. It was launched on Jun 16, 2006. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both DHS and SPHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DHS or SPHD.
Performance
DHS vs. SPHD - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with DHS having a 22.22% return and SPHD slightly lower at 21.33%. Both investments have delivered pretty close results over the past 10 years, with DHS having a 8.61% annualized return and SPHD not far ahead at 8.66%.
DHS
22.22%
1.68%
13.93%
30.17%
9.40%
8.61%
SPHD
21.33%
-1.88%
11.75%
31.17%
7.36%
8.66%
Key characteristics
| DHS | SPHD | |
|---|---|---|
| Sharpe Ratio | 2.45 | 2.75 |
| Sortino Ratio | 3.45 | 3.94 |
| Omega Ratio | 1.44 | 1.51 |
| Calmar Ratio | 2.87 | 2.13 |
| Martin Ratio | 15.74 | 18.92 |
| Ulcer Index | 1.91% | 1.62% |
| Daily Std Dev | 12.26% | 11.16% |
| Max Drawdown | -67.25% | -41.39% |
| Current Drawdown | -0.79% | -2.00% |
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DHS vs. SPHD - Expense Ratio Comparison
DHS has a 0.38% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Correlation
The correlation between DHS and SPHD is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DHS vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US High Dividend Fund (DHS) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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.
Dividends
DHS vs. SPHD - Dividend Comparison
DHS's dividend yield for the trailing twelve months is around 3.54%, more than SPHD's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.54% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.75% | 3.00% | 3.25% | 3.53% | 2.91% | 3.19% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.41% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
DHS vs. SPHD - Drawdown Comparison
The maximum DHS drawdown since its inception was -67.25%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for DHS and SPHD. For additional features, visit the drawdowns tool.
Volatility
DHS vs. SPHD - Volatility Comparison
WisdomTree US High Dividend Fund (DHS) has a higher volatility of 4.02% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.62%. This indicates that DHS's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.