DON vs. FOVL

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree US MidCap Dividend ETF (DON) and iShares Focused Value Factor ETF (FOVL).

DON and FOVL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DON is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree MidCap Dividend Index. It was launched on Jun 16, 2006. FOVL is a passively managed fund by iShares that tracks the performance of the MSCI USA IMI Focused Value Factor Index. It was launched on Mar 19, 2019. Both DON and FOVL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DON vs. FOVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US MidCap Dividend ETF (DON) and iShares Focused Value Factor ETF (FOVL). The values are adjusted to include any dividend payments, if applicable.

DON vs. FOVL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DON WisdomTree US MidCap Dividend ETF	2.68%	3.86%	14.20%	14.04%	-4.72%	30.29%	-5.40%	8.66%
FOVL iShares Focused Value Factor ETF	0.00%	6.43%	22.87%	17.72%	-9.39%	40.14%	-13.20%	6.22%

Returns By Period

DON

• 1D: 0.42%
• 1M: -5.04%
• YTD: 2.68%
• 6M: 2.32%
• 1Y: 8.94%
• 3Y*: 11.52%
• 5Y*: 7.88%
• 10Y*: 9.02%

FOVL

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DON vs. FOVL - Expense Ratio Comparison

DON has a 0.38% expense ratio, which is higher than FOVL's 0.25% expense ratio.

DON

WisdomTree US MidCap Dividend ETF

FOVL

iShares Focused Value Factor ETF

Return for Risk

DON vs. FOVL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DON

DON Risk / Return Rank: 27
DON Sharpe Ratio Rank: 25
DON Sortino Ratio Rank: 27
DON Omega Ratio Rank: 26
DON Calmar Ratio Rank: 27
DON Martin Ratio Rank: 29

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.

DON vs. FOVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US MidCap Dividend ETF (DON) and iShares Focused Value Factor ETF (FOVL). 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.

	DON	FOVL	Difference
Sharpe ratio Return per unit of total volatility	0.49	—	—
Sortino ratio Return per unit of downside risk	0.82	—	—
Omega ratio Gain probability vs. loss probability	1.11	—	—
Calmar ratio Return relative to maximum drawdown	0.67	—	—
Martin ratio Return relative to average drawdown	2.50	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DON	FOVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	—	—

Correlation

The correlation between DON and FOVL is 0.90, 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.

Dividends

DON vs. FOVL - Dividend Comparison

DON's dividend yield for the trailing twelve months is around 2.40%, more than FOVL's 0.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DON WisdomTree US MidCap Dividend ETF	2.40%	2.53%	2.27%	2.41%	2.71%	2.12%	2.77%	2.38%	2.55%	2.25%	2.48%	2.89%
FOVL iShares Focused Value Factor ETF	0.55%	1.36%	2.08%	2.59%	3.38%	2.80%	2.88%	2.09%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	DON	FOVL	Difference
Max Drawdown Largest peak-to-trough decline	-61.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.80%	—	—
Current Drawdown Current decline from peak	-6.11%	—	—
Average Drawdown Average peak-to-trough decline	-7.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	—	—

Volatility

Volatility by Period

	DON	FOVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	—	—