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DIVG vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DIVG vs. DHS

Last updated Aug 4, 2026
Documentation

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 24.96% vs 25.65% for DHS. Their correlation of 0.92 means they have usually moved in the same direction. 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 18.41% return, which is significantly higher than DHS's 17.07% return.

DIVG

1D
0.39%
1M
3.17%
6M
13.40%
YTD
18.41%
1Y
24.96%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
20.02%

DHS

1D
0.35%
1M
1.94%
6M
9.42%
YTD
17.07%
1Y
25.65%
3Y*
17.11%
5Y*
12.40%
10Y*
9.67%
ALL TIME*
8.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DHS

WisdomTree US High Dividend Fund
$5.47M$3.71M$2.99M

DIVG

Invesco S&P 500 High Dividend Growers ETF
$39.86K$73.63K$69.04K

DIVG vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023
DIVG
Invesco S&P 500 High Dividend Growers ETF		18.41%11.31%16.60%5.71%
DHS
WisdomTree US High Dividend Fund		17.07%12.87%18.02%4.21%

Correlation

The correlation between DIVG and DHS is 0.90, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

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

29.3%
23.2%

Utilities

13.8%
8.9%

Consumer Defensive

12.3%
14.2%

Real Estate

11.8%
3.0%

Technology

10.1%
7.4%

Energy

7.3%
8.2%

Healthcare

5.7%
15.9%

Basic Materials

5.5%
1.1%

Industrials

4.3%
4.5%

Communication Services

2.9%
8.2%

Consumer Cyclical

2.4%
5.4%

Financial Services

DIVG
29.3%
DHS
23.2%

Utilities

DIVG
13.8%
DHS
8.9%

Consumer Defensive

DIVG
12.3%
DHS
14.2%

Real Estate

DIVG
11.8%
DHS
3.0%

Technology

DIVG
10.1%
DHS
7.4%

Energy

DIVG
7.3%
DHS
8.2%

Healthcare

DIVG
5.7%
DHS
15.9%

Basic Materials

DIVG
5.5%
DHS
1.1%

Industrials

DIVG
4.3%
DHS
4.5%

Communication Services

DIVG
2.9%
DHS
8.2%

Consumer Cyclical

DIVG
2.4%
DHS
5.4%

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. SCHDDIVG vs. SPYDIVG vs. VOODIVG vs. SPHDDIVG vs. SPMO
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. FDVVDHS vs. JEPIDHS vs. DTDDHS vs. SPY

Return for Risk

DIVG vs. DHS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DIVG
DIVG Risk / Return Rank: 9191
Overall Rank
DIVG Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
DIVG Sortino Ratio Rank: 9292
Sortino Ratio Rank
DIVG Omega Ratio Rank: 8888
Omega Ratio Rank
DIVG Calmar Ratio Rank: 9494
Calmar Ratio Rank
DIVG Martin Ratio Rank: 9292
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 9292
Overall Rank
DHS Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 9494
Sortino Ratio Rank
DHS Omega Ratio Rank: 9191
Omega Ratio Rank
DHS Calmar Ratio Rank: 9191
Calmar Ratio Rank
DHS Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

DIVGDHSDifference
Sharpe ratioReturn per unit of total volatility
2.33
2.48

-0.16

Sortino ratioReturn per unit of downside risk
3.45
3.71

-0.26

Omega ratioGain probability vs. loss probability

1.41

1.43

-0.03

Calmar ratioReturn relative to maximum drawdown

4.89

4.09

+0.80

Martin ratioReturn relative to average drawdown

16.36

15.00

+1.36

DIVG vs. DHS - Sharpe Ratio Comparison

The current DIVG Sharpe Ratio is 2.33, which is comparable to the DHS Sharpe Ratio of 2.48. 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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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

-0.86%

-1.89%

+1.03%

Average Drawdown

Average peak-to-trough decline

-2.18%

-9.48%

+7.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.53%

1.71%

-0.18%

Volatility

DIVG vs. DHS - Volatility Comparison

The current volatility for Invesco S&P 500 High Dividend Growers ETF (DIVG) is 3.49%, while WisdomTree US High Dividend Fund (DHS) has a volatility of 3.77%. 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

3.49%

3.77%

-0.28%

Volatility (6M)

Calculated over the trailing 6-month period

7.65%

7.84%

-0.19%

Volatility (1Y)

Calculated over the trailing 1-year period

10.80%

10.40%

+0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.11%

13.91%

-0.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.11%

16.10%

-2.99%

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 2.97%, less than DHS's 3.18% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.18%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		2.97%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 (3.77%) compared to DIVG (3.49%). In terms of maximum drawdown, DIVG dropped -14.95% vs DHS's -67.25%.

On 1-year performance, DHS leads with 25.65% vs 24.96% for DIVG. On fees, DHS is cheaper at 0.38% per year. On volatility, DIVG has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, DHS has performed better with a 25.65% return vs 24.96%. 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 3.18%, compared with 2.97% 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 (2.48 vs 2.33), 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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