DLN vs. VYM
Compare and contrast key facts about WisdomTree US LargeCap Dividend ETF (DLN) and Vanguard High Dividend Yield ETF (VYM).
DLN and VYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DLN is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree LargeCap Dividend Index. It was launched on Jun 16, 2006. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006. Both DLN and VYM 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: DLN or VYM.
Key characteristics
| DLN | VYM | |
|---|---|---|
| YTD Return | 4.40% | 4.49% |
| 1Y Return | 14.29% | 14.04% |
| 3Y Return (Ann) | 7.80% | 7.07% |
| 5Y Return (Ann) | 10.03% | 9.14% |
| 10Y Return (Ann) | 10.12% | 9.48% |
| Sharpe Ratio | 1.25 | 1.11 |
| Daily Std Dev | 10.05% | 10.84% |
| Max Drawdown | -57.84% | -56.98% |
| Current Drawdown | -4.42% | -4.13% |
Correlation
The correlation between DLN and VYM is 0.97, 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.
Performance
DLN vs. VYM - Performance Comparison
The year-to-date returns for both investments are quite close, with DLN having a 4.40% return and VYM slightly higher at 4.49%. Over the past 10 years, DLN has outperformed VYM with an annualized return of 10.12%, while VYM has yielded a comparatively lower 9.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DLN vs. VYM - Expense Ratio Comparison
DLN has a 0.28% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
DLN vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US LargeCap Dividend ETF (DLN) and Vanguard High Dividend Yield ETF (VYM). 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
DLN vs. VYM - Dividend Comparison
DLN's dividend yield for the trailing twelve months is around 2.33%, less than VYM's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLN WisdomTree US LargeCap Dividend ETF | 2.33% | 2.43% | 2.53% | 2.01% | 2.66% | 2.51% | 2.90% | 2.33% | 2.64% | 3.01% | 2.34% | 2.40% |
VYM Vanguard High Dividend Yield ETF | 2.95% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
DLN vs. VYM - Drawdown Comparison
The maximum DLN drawdown since its inception was -57.84%, roughly equal to the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for DLN and VYM. For additional features, visit the drawdowns tool.
Volatility
DLN vs. VYM - Volatility Comparison
WisdomTree US LargeCap Dividend ETF (DLN) and Vanguard High Dividend Yield ETF (VYM) have volatilities of 3.09% and 3.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.