DON vs. VOE
Compare and contrast key facts about WisdomTree US MidCap Dividend ETF (DON) and Vanguard Mid-Cap Value ETF (VOE).
DON and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both DON and VOE 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: DON or VOE.
Key characteristics
| DON | VOE | |
|---|---|---|
| YTD Return | 3.69% | 4.37% |
| 1Y Return | 23.33% | 18.05% |
| 3Y Return (Ann) | 6.09% | 4.27% |
| 5Y Return (Ann) | 7.90% | 8.62% |
| 10Y Return (Ann) | 9.00% | 8.60% |
| Sharpe Ratio | 1.38 | 1.31 |
| Daily Std Dev | 15.29% | 12.85% |
| Max Drawdown | -61.94% | -61.55% |
| Current Drawdown | -3.37% | -3.39% |
Correlation
The correlation between DON and VOE is 0.96, 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
DON vs. VOE - Performance Comparison
In the year-to-date period, DON achieves a 3.69% return, which is significantly lower than VOE's 4.37% return. Both investments have delivered pretty close results over the past 10 years, with DON having a 9.00% annualized return and VOE not far behind at 8.60%. 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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DON vs. VOE - Expense Ratio Comparison
DON has a 0.38% expense ratio, which is higher than VOE's 0.07% expense ratio.
Risk-Adjusted Performance
DON vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US MidCap Dividend ETF (DON) and Vanguard Mid-Cap Value ETF (VOE). 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
DON vs. VOE - Dividend Comparison
DON's dividend yield for the trailing twelve months is around 2.43%, more than VOE's 2.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DON WisdomTree US MidCap Dividend ETF | 2.43% | 2.41% | 2.71% | 2.12% | 2.77% | 2.38% | 2.55% | 2.25% | 2.48% | 2.89% | 2.56% | 2.28% |
VOE Vanguard Mid-Cap Value ETF | 2.21% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
DON vs. VOE - Drawdown Comparison
The maximum DON drawdown since its inception was -61.94%, roughly equal to the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for DON and VOE. For additional features, visit the drawdowns tool.
Volatility
DON vs. VOE - Volatility Comparison
WisdomTree US MidCap Dividend ETF (DON) has a higher volatility of 4.16% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.54%. This indicates that DON's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.