DON vs. VFVA

Last updated Aug 4, 2026

DON (WisdomTree US MidCap Dividend ETF) and VFVA (Vanguard U.S. Value Factor ETF) are both Mid Cap Value Equities funds. DON is passively managed, while VFVA is actively managed. Over the past 5 years, DON returned 9.70%/yr vs 13.00%/yr for VFVA. Their correlation of 0.94 means they have usually moved in the same direction. DON charges 0.38%/yr vs 0.13%/yr for VFVA.

Performance

DON vs. VFVA - Performance Comparison

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

Returns By Period

In the year-to-date period, DON achieves a 13.72% return, which is significantly lower than VFVA's 21.04% return.

DON

• 1D: 0.80%
• 1M: 2.34%
• 6M: 9.10%
• YTD: 13.72%
• 1Y: 18.81%
• 3Y*: 12.64%
• 5Y*: 9.70%
• 10Y*: 9.40%
• ALL TIME*: 9.38%

VFVA

• 1D: 1.31%
• 1M: 5.44%
• 6M: 15.05%
• YTD: 21.04%
• 1Y: 39.77%
• 3Y*: 17.15%
• 5Y*: 13.00%
• 10Y*: —
• ALL TIME*: 10.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DON WisdomTree US MidCap Dividend ETF	$5.17M	$5.33M	$5.85M
VFVA Vanguard U.S. Value Factor ETF	$3.28M	$2.75M	$1.79M

DON vs. VFVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DON WisdomTree US MidCap Dividend ETF	13.72%	3.86%	14.20%	14.04%	-4.72%	30.29%	-5.40%	23.31%	-6.25%
VFVA Vanguard U.S. Value Factor ETF	21.04%	14.77%	7.67%	17.37%	-3.96%	36.94%	2.28%	25.42%	-18.90%

Correlation

The correlation between DON and VFVA is 0.88, 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.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.94

The correlation between DON and VFVA has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

DON vs. VFVA - Sectors Allocation Comparison

Sectors	DON	VFVA
Financial Services	23.4%	25.7%
Industrials	18.8%	7.6%
Consumer Cyclical	11.4%	13.1%
Real Estate	10.1%	0.4%
Utilities	7.1%	-
Energy	7.0%	7.3%
Basic Materials	6.4%	3.3%
Technology	5.1%	14.5%
Consumer Defensive	4.3%	7.1%
Communication Services	3.8%	6.2%
Healthcare	2.6%	14.9%

Return for Risk

DON vs. VFVA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DON

DON Risk / Return Rank: 59
DON Sharpe Ratio Rank: 61
DON Sortino Ratio Rank: 67
DON Omega Ratio Rank: 58
DON Calmar Ratio Rank: 56
DON Martin Ratio Rank: 55

VFVA

VFVA Risk / Return Rank: 93
VFVA Sharpe Ratio Rank: 94
VFVA Sortino Ratio Rank: 94
VFVA Omega Ratio Rank: 93
VFVA Calmar Ratio Rank: 93
VFVA Martin Ratio Rank: 92

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.

DON vs. VFVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US MidCap Dividend ETF (DON) and Vanguard U.S. Value Factor ETF (VFVA). 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.

	DON	VFVA	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.70	-1.21
Sortino ratio: Return per unit of downside risk	2.27	3.90	-1.62
Omega ratio: Gain probability vs. loss probability	1.26	1.48	-0.21
Calmar ratio: Return relative to maximum drawdown	2.09	4.67	-2.59
Martin ratio: Return relative to average drawdown	6.59	15.81	-9.22

DON vs. VFVA - Sharpe Ratio Comparison

The current DON Sharpe Ratio is 1.49, which is lower than the VFVA Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of DON and VFVA, 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

DON vs. VFVA - Drawdown Comparison

The maximum DON drawdown since its inception was -61.94%, which is greater than VFVA's maximum drawdown of -48.58%. Use the drawdown chart below to compare losses from any high point for DON and VFVA.

Drawdown Indicators

	DON	VFVA	Difference
Max Drawdown Largest peak-to-trough decline	-61.94%	-48.58%	-13.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.05%	-8.55%	-0.50%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	-24.07%	+2.61%
Max Drawdown (5Y) Largest decline over 5 years	-21.46%	-24.07%	+2.61%
Max Drawdown (10Y) Largest decline over 10 years	-46.80%	—	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-7.84%	-7.24%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.52%	+0.34%

Volatility

DON vs. VFVA - Volatility Comparison

The current volatility for WisdomTree US MidCap Dividend ETF (DON) is 3.20%, while Vanguard U.S. Value Factor ETF (VFVA) has a volatility of 4.42%. This indicates that DON experiences smaller price fluctuations and is considered to be less risky than VFVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DON	VFVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	4.42%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	8.69%	10.19%	-1.50%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	14.84%	-2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.56%	20.06%	-2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	24.20%	-3.98%

DON vs. VFVA - Expense Ratio Comparison

DON has a 0.38% expense ratio, which is higher than VFVA's 0.13% expense ratio.

Dividends

DON vs. VFVA - Dividend Comparison

DON's dividend yield for the trailing twelve months is around 2.28%, more than VFVA's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DON WisdomTree US MidCap Dividend ETF	2.28%	2.53%	2.27%	2.41%	2.71%	2.12%	2.77%	2.38%	2.55%	2.25%	2.48%	2.89%
VFVA Vanguard U.S. Value Factor ETF	1.75%	2.13%	2.40%	2.45%	2.21%	1.68%	2.04%	2.08%	1.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DON and VFVA in my portfolio?

DON and VFVA have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DON or VFVA?

VFVA has higher volatility (4.42%) compared to DON (3.20%). In terms of maximum drawdown, DON dropped -61.94% vs VFVA's -48.58%.

Which ETF is better, DON or VFVA?

On 5-year performance, VFVA leads with 13.00% vs 9.70% for DON. On fees, VFVA is cheaper at 0.13% per year. On volatility, DON has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DON or VFVA?

Over the 5-year period, VFVA has performed better with a 13.00% return vs 9.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DON or VFVA?

VFVA is cheaper with a 0.13% expense ratio, compared with 0.38% for DON.

Which ETF pays a higher dividend yield, DON or VFVA?

DON has the higher dividend yield at 2.28%, compared with 1.75% for VFVA.

What is the main difference between DON and VFVA?

They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.38% for DON and 0.13% for VFVA.

Which has better risk-adjusted returns?

VFVA currently has the higher Sharpe Ratio (2.70 vs 1.49), 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.