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DLN vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DLN vs. IWX

Last updated Aug 4, 2026
Documentation

DLN (WisdomTree U.S. LargeCap Dividend Fund) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds - DLN tracks the WisdomTree U.S. LargeCap Dividend Index while IWX tracks the Russell Top 200 Value Index. Both are passively managed. Over the past 10 years, DLN returned 12.58%/yr vs 12.05%/yr for IWX. Their correlation of 0.92 means they have usually moved in the same direction. DLN charges 0.28%/yr vs 0.20%/yr for IWX.

Performance

DLN vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. LargeCap Dividend Fund (DLN) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DLN achieves a 13.81% return, which is significantly lower than IWX's 22.04% return. Both investments have delivered pretty close results over the past 10 years, with DLN having a 12.58% annualized return and IWX not far behind at 12.05%.

DLN

1D
0.69%
1M
2.28%
6M
9.47%
YTD
13.81%
1Y
22.57%
3Y*
18.10%
5Y*
12.59%
10Y*
12.58%
ALL TIME*
9.89%

IWX

1D
0.94%
1M
3.56%
6M
15.64%
YTD
22.04%
1Y
36.20%
3Y*
19.92%
5Y*
12.91%
10Y*
12.05%
ALL TIME*
11.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

DLN

WisdomTree U.S. LargeCap Dividend Fund
$10.06M$9.95M$12.21M

IWX

iShares Russell Top 200 Value ETF
$52.73M$47.86M$34.45M

DLN vs. IWX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DLN
WisdomTree U.S. LargeCap Dividend Fund		13.81%15.53%19.66%9.95%-3.78%25.60%4.59%28.91%-5.82%18.22%
IWX
iShares Russell Top 200 Value ETF		22.04%18.23%14.89%10.45%-5.33%23.33%1.46%25.82%-6.53%14.05%

Correlation

The correlation between DLN and IWX 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 (3Y)
Balances recent behavior with more history.

0.93

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.95

Correlation (10Y)
Provides a long-term view across more market conditions.

0.94

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2009

0.92

The correlation between DLN and IWX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

DLN vs. IWX - Sectors Allocation Comparison

Sectors
DLN
IWX

Technology

21.6%
22.6%

Financial Services

17.7%
20.0%

Healthcare

13.4%
13.6%

Consumer Defensive

9.0%
8.2%

Industrials

8.0%
8.3%

Communication Services

7.7%
3.5%

Energy

7.0%
5.1%

Utilities

5.7%
2.6%

Consumer Cyclical

4.9%
11.6%

Real Estate

3.9%
1.8%

Basic Materials

1.0%
2.8%

Technology

DLN
21.6%
IWX
22.6%

Financial Services

DLN
17.7%
IWX
20.0%

Healthcare

DLN
13.4%
IWX
13.6%

Consumer Defensive

DLN
9.0%
IWX
8.2%

Industrials

DLN
8.0%
IWX
8.3%

Communication Services

DLN
7.7%
IWX
3.5%

Energy

DLN
7.0%
IWX
5.1%

Utilities

DLN
5.7%
IWX
2.6%

Consumer Cyclical

DLN
4.9%
IWX
11.6%

Real Estate

DLN
3.9%
IWX
1.8%

Basic Materials

DLN
1.0%
IWX
2.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. LargeCap Dividend Fund

iShares Russell Top 200 Value ETF

Often compared with DLN:
DLN vs. SCHDDLN vs. DGRWDLN vs. DTDDLN vs. DGRODLN vs. VYMDLN vs. VOODLN vs. JEPI
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

DLN vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DLN
DLN Risk / Return Rank: 9292
Overall Rank
DLN Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DLN Sortino Ratio Rank: 9393
Sortino Ratio Rank
DLN Omega Ratio Rank: 9292
Omega Ratio Rank
DLN Calmar Ratio Rank: 8989
Calmar Ratio Rank
DLN Martin Ratio Rank: 9191
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9696
Overall Rank
IWX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9696
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
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.

DLN vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. LargeCap Dividend Fund (DLN) and iShares Russell Top 200 Value ETF (IWX). 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.

DLNIWXDifference
Sharpe ratioReturn per unit of total volatility
2.53
3.40

-0.87

Sortino ratioReturn per unit of downside risk
3.58
4.70

-1.12

Omega ratioGain probability vs. loss probability

1.46

1.61

-0.15

Calmar ratioReturn relative to maximum drawdown

3.72

5.52

-1.80

Martin ratioReturn relative to average drawdown

15.65

24.26

-8.62

DLN vs. IWX - Sharpe Ratio Comparison

The current DLN Sharpe Ratio is 2.53, which is comparable to the IWX Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of DLN and IWX, 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

DLN vs. IWX - Drawdown Comparison

The maximum DLN drawdown since its inception was -57.84%, which is greater than IWX's maximum drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for DLN and IWX.

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Drawdown Indicators

DLNIWXDifference

Max Drawdown

Largest peak-to-trough decline

-57.84%

-35.76%

-22.08%

Max Drawdown (1Y)

Largest decline over 1 year

-6.10%

-6.59%

+0.49%

Max Drawdown (3Y)

Largest decline over 3 years

-13.71%

-13.37%

-0.34%

Max Drawdown (5Y)

Largest decline over 5 years

-16.26%

-18.13%

+1.87%

Max Drawdown (10Y)

Largest decline over 10 years

-35.82%

-35.76%

-0.06%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.47%

-3.79%

-3.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.45%

1.50%

-0.05%

Volatility

DLN vs. IWX - Volatility Comparison

The current volatility for WisdomTree U.S. LargeCap Dividend Fund (DLN) is 2.34%, while iShares Russell Top 200 Value ETF (IWX) has a volatility of 2.94%. This indicates that DLN experiences smaller price fluctuations and is considered to be less risky than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DLNIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.34%

2.94%

-0.60%

Volatility (6M)

Calculated over the trailing 6-month period

6.92%

8.50%

-1.58%

Volatility (1Y)

Calculated over the trailing 1-year period

8.99%

10.71%

-1.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.24%

13.89%

-0.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.12%

16.49%

-0.37%

DLN vs. IWX - Expense Ratio Comparison

DLN has a 0.28% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

DLN vs. IWX - Dividend Comparison

DLN's dividend yield for the trailing twelve months is around 1.74%, more than IWX's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
DLN
WisdomTree U.S. LargeCap Dividend Fund		1.74%1.90%2.00%2.43%2.53%2.01%2.66%2.51%2.90%2.33%2.64%2.80%
IWX
iShares Russell Top 200 Value ETF		1.38%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

DLN and IWX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWX has higher volatility (2.94%) compared to DLN (2.34%). In terms of maximum drawdown, DLN dropped -57.84% vs IWX's -35.76%.

On 10-year performance, DLN leads with 12.58% vs 12.05% for IWX. On fees, IWX is cheaper at 0.20% per year. On volatility, DLN has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DLN has performed better with a 12.58% return vs 12.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.28% for DLN.

DLN has the higher dividend yield at 1.74%, compared with 1.38% for IWX.

DLN tracks WisdomTree U.S. LargeCap Dividend Index, while IWX tracks Russell Top 200 Value Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.28% for DLN and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.40 vs 2.53), 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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