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DIVG vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DIVG vs. DHS

Last updated Jun 4, 2026

DIVG (Invesco S&P 500 High Dividend Growers ETF) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - DIVG is a S&P 500 fund tracking the S&P 500 High Dividend Growth Index - Benchmark TR Gross, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past year, DIVG returned 20.94% vs 20.55% for DHS. Their correlation of 0.92 suggests significant overlap in exposure. DIVG charges 0.39%/yr vs 0.38%/yr for DHS.

Performance

DIVG vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 High Dividend Growers ETF (DIVG) and WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DIVG achieves a 10.58% return, which is significantly higher than DHS's 9.88% return.

DIVG

1D
-0.63%
1M
0.59%
YTD
10.58%
6M
10.78%
1Y
20.94%
3Y*
—
5Y*
—
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DIVG vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023
DIVG
Invesco S&P 500 High Dividend Growers ETF		10.58%11.31%16.60%5.71%
DHS
WisdomTree US High Dividend Fund		9.88%12.87%18.02%4.52%

Correlation

The correlation between DIVG and DHS is 0.90, 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

0.90

Correlation (All Time)
Calculated using the full available price history since Dec 7, 2023

0.92

The correlation between DIVG and DHS has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

DIVG vs. DHS - Sectors Allocation Comparison

Sectors
DIVG
DHS

Financial Services

27.4%
22.3%

Consumer Defensive

14.6%
18.7%

Utilities

13.2%
9.0%

Real Estate

12.1%
2.8%

Energy

7.6%
9.4%

Technology

7.6%
3.7%

Industrials

7.1%
4.1%

Basic Materials

5.5%
1.2%

Healthcare

5.2%
14.5%

Communication Services

3.1%
9.3%

Consumer Cyclical

2.3%
5.0%

Financial Services

DIVG
27.4%
DHS
22.3%

Consumer Defensive

DIVG
14.6%
DHS
18.7%

Utilities

DIVG
13.2%
DHS
9.0%

Real Estate

DIVG
12.1%
DHS
2.8%

Energy

DIVG
7.6%
DHS
9.4%

Technology

DIVG
7.6%
DHS
3.7%

Industrials

DIVG
7.1%
DHS
4.1%

Basic Materials

DIVG
5.5%
DHS
1.2%

Healthcare

DIVG
5.2%
DHS
14.5%

Communication Services

DIVG
3.1%
DHS
9.3%

Consumer Cyclical

DIVG
2.3%
DHS
5.0%

Compare stocks, funds, or ETFs

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Invesco S&P 500 High Dividend Growers ETF

WisdomTree US High Dividend Fund

Often compared with DIVG:
DIVG vs. DGRODIVG vs. VIGDIVG vs. VOODIVG vs. SCHDDIVG vs. SPYDIVG vs. SPMODIVG vs. SPHD
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

DIVG vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DIVG
DIVG Risk / Return Rank: 6565
Overall Rank
DIVG Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
DIVG Sortino Ratio Rank: 6161
Sortino Ratio Rank
DIVG Omega Ratio Rank: 5454
Omega Ratio Rank
DIVG Calmar Ratio Rank: 7979
Calmar Ratio Rank
DIVG Martin Ratio Rank: 7070
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6262
Overall Rank
DHS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 6666
Sortino Ratio Rank
DHS Omega Ratio Rank: 5757
Omega Ratio Rank
DHS Calmar Ratio Rank: 6565
Calmar Ratio Rank
DHS 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.

DIVG vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Growers ETF (DIVG) and WisdomTree US High Dividend Fund (DHS). 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.

DIVGDHSDifference
Sharpe ratioReturn per unit of total volatility
1.97
2.06

-0.09

Sortino ratioReturn per unit of downside risk
2.90
3.09

-0.19

Omega ratioGain probability vs. loss probability

1.34

1.35

-0.02

Calmar ratioReturn relative to maximum drawdown

4.10

3.28

+0.83

Martin ratioReturn relative to average drawdown

13.12

12.04

+1.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVG vs. DHS - Sharpe Ratio Comparison

The current DIVG Sharpe Ratio is 1.97, which is comparable to the DHS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DIVG and DHS, 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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Sharpe Ratios by Period

DIVGDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.97

2.06

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.77

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.39

0.41

+0.99

Drawdowns

DIVG vs. DHS - Drawdown Comparison

The maximum DIVG drawdown since its inception was -14.95%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for DIVG and DHS.

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Drawdown Indicators

DIVGDHSDifference

Max Drawdown

Largest peak-to-trough decline

-14.95%

-67.25%

+52.30%

Max Drawdown (1Y)

Largest decline over 1 year

-5.13%

-6.30%

+1.17%

Max Drawdown (3Y)

Largest decline over 3 years

—

-11.87%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.28%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.35%

—

Current Drawdown

Current decline from peak

-1.20%

-2.60%

+1.40%

Average Drawdown

Average peak-to-trough decline

-2.29%

-9.55%

+7.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

1.71%

-0.11%

Volatility

DIVG vs. DHS - Volatility Comparison

The current volatility for Invesco S&P 500 High Dividend Growers ETF (DIVG) is 2.53%, while WisdomTree US High Dividend Fund (DHS) has a volatility of 2.88%. This indicates that DIVG experiences smaller price fluctuations and is considered to be less risky than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DIVGDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.53%

2.88%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

7.33%

7.32%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

10.66%

10.01%

+0.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.19%

13.89%

-0.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.19%

16.08%

-2.89%

DIVG vs. DHS - Expense Ratio Comparison

DIVG has a 0.39% expense ratio, which is higher than DHS's 0.38% expense ratio.

Dividends

DIVG vs. DHS - Dividend Comparison

DIVG's dividend yield for the trailing twelve months is around 3.10%, less than DHS's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
DIVG
Invesco S&P 500 High Dividend Growers ETF		3.10%3.15%4.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.90, DIVG and DHS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

DHS has higher volatility (2.88%) compared to DIVG (2.53%). In terms of maximum drawdown, DIVG dropped -14.95% vs DHS's -67.25%.

On 1-year performance, DIVG leads with 20.94% vs 20.55% for DHS. On fees, DHS is cheaper at 0.38% per year. On volatility, DIVG has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, DIVG has performed better with a 20.94% return vs 20.55%. 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 0.39% for DIVG.

DHS has the higher dividend yield at 3.35%, compared with 3.10% for DIVG.

DIVG is categorized as S&P 500, while DHS is Large Cap Value Equities. DIVG tracks S&P 500 High Dividend Growth Index - Benchmark TR Gross, while DHS tracks WisdomTree U.S. High Dividend Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.39% for DIVG and 0.38% for DHS.

DHS currently has the higher Sharpe Ratio (2.06 vs 1.97), 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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