DIVG vs. DHS

Last updated Jul 14, 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 21.28% vs 21.65% 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.

Returns By Period

In the year-to-date period, DIVG achieves a 16.10% return, which is significantly higher than DHS's 14.96% return.

DIVG

• 1D: 0.56%
• 1M: 1.55%
• 6M: 14.31%
• YTD: 16.10%
• 1Y: 21.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DHS

• 1D: 0.29%
• 1M: 0.88%
• 6M: 12.49%
• YTD: 14.96%
• 1Y: 21.65%
• 3Y*: 17.16%
• 5Y*: 12.10%
• 10Y*: 9.32%

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

DIVG vs. DHS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DIVG Invesco S&P 500 High Dividend Growers ETF	16.10%	11.31%	16.60%	5.71%
DHS WisdomTree US High Dividend Fund	14.96%	12.87%	18.02%	4.21%

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 6, 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	27.5%	22.1%
Consumer Defensive	14.4%	18.5%
Utilities	13.1%	8.7%
Real Estate	12.0%	2.9%
Technology	10.9%	4.1%
Energy	7.5%	8.8%
Basic Materials	5.5%	1.2%
Healthcare	5.2%	14.9%
Industrials	4.2%	4.2%
Communication Services	3.1%	9.0%
Consumer Cyclical	2.3%	5.6%

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: 81
DIVG Sharpe Ratio Rank: 78
DIVG Sortino Ratio Rank: 82
DIVG Omega Ratio Rank: 73
DIVG Calmar Ratio Rank: 89
DIVG Martin Ratio Rank: 84

DHS

DHS Risk / Return Rank: 83
DHS Sharpe Ratio Rank: 84
DHS Sortino Ratio Rank: 88
DHS Omega Ratio Rank: 79
DHS Calmar Ratio Rank: 82
DHS Martin Ratio Rank: 82

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.

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.

	DIVG	DHS	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.14	-0.18
Sortino ratio: Return per unit of downside risk	2.90	3.18	-0.28
Omega ratio: Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	4.17	3.45	+0.72
Martin ratio: Return relative to average drawdown	13.26	12.54	+0.72

DIVG vs. DHS - Sharpe Ratio Comparison

The current DIVG Sharpe Ratio is 1.97, which is comparable to the DHS Sharpe Ratio of 2.14. 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.

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.

Drawdown Indicators

	DIVG	DHS	Difference
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	0.00%	-0.39%	+0.39%
Average Drawdown Average peak-to-trough decline	-2.22%	-9.51%	+7.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.73%	-0.12%

Volatility

DIVG vs. DHS - Volatility Comparison

Invesco S&P 500 High Dividend Growers ETF (DIVG) has a higher volatility of 3.55% compared to WisdomTree US High Dividend Fund (DHS) at 3.24%. This indicates that DIVG's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVG	DHS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.24%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	7.52%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	10.16%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	13.87%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	16.07%	-2.93%

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 2.99%, less than DHS's 3.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHS WisdomTree US High Dividend Fund	3.14%	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	2.99%	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

Can I hold both DIVG and DHS in my portfolio?

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.

Which is riskier, DIVG or DHS?

DIVG has higher volatility (3.55%) compared to DHS (3.24%). In terms of maximum drawdown, DIVG dropped -14.95% vs DHS's -67.25%.

Which ETF is better, DIVG or DHS?

On 1-year performance, DHS leads with 21.65% vs 21.28% for DIVG. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 3.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVG or DHS?

Over the 1-year period, DHS has performed better with a 21.65% return vs 21.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVG or DHS?

DHS is cheaper with a 0.38% expense ratio, compared with 0.39% for DIVG.

Which ETF pays a higher dividend yield, DIVG or DHS?

DHS has the higher dividend yield at 3.14%, compared with 2.99% for DIVG.

What is the main difference between DIVG and DHS?

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.

Which has better risk-adjusted returns?

DHS currently has the higher Sharpe Ratio (2.14 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.