DTD vs. DLN

Last updated Jun 26, 2026

DTD (WisdomTree U.S. Total Dividend Fund) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds from WisdomTree - DTD tracks the WisdomTree U.S. Dividend Index while DLN tracks the WisdomTree U.S. LargeCap Dividend Index. Both are passively managed. Over the past 10 years, DTD returned 12.56%/yr vs 13.02%/yr for DLN. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.28% expense ratio.

Performance

DTD vs. DLN - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with DTD having a 10.51% return and DLN slightly lower at 10.07%. Both investments have delivered pretty close results over the past 10 years, with DTD having a 12.56% annualized return and DLN not far ahead at 13.02%.

DTD

• 1D: 0.35%
• 1M: 0.49%
• YTD: 10.51%
• 6M: 9.32%
• 1Y: 21.29%
• 3Y*: 17.74%
• 5Y*: 12.05%
• 10Y*: 12.56%

DLN

• 1D: 0.30%
• 1M: 0.26%
• YTD: 10.07%
• 6M: 9.07%
• 1Y: 21.18%
• 3Y*: 18.04%
• 5Y*: 12.41%
• 10Y*: 13.02%

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

DTD vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DTD WisdomTree U.S. Total Dividend Fund	10.51%	14.25%	18.56%	10.63%	-3.83%	26.26%	2.45%	28.19%	-6.47%	17.35%
DLN WisdomTree U.S. LargeCap Dividend Fund	10.07%	15.53%	19.66%	9.95%	-3.78%	25.60%	4.59%	28.91%	-5.82%	18.22%

Correlation

The correlation between DTD and DLN is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.97

The correlation between DTD and DLN has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

DTD vs. DLN - Sectors Allocation Comparison

Sectors	DTD	DLN
Technology	20.9%	22.8%
Financial Services	18.2%	17.4%
Healthcare	11.5%	12.6%
Industrials	8.4%	7.8%
Consumer Defensive	8.4%	8.9%
Energy	7.8%	7.9%
Communication Services	7.2%	7.5%
Utilities	5.5%	5.5%
Consumer Cyclical	5.5%	4.9%
Real Estate	5.1%	3.9%
Basic Materials	1.5%	1.0%

Return for Risk

DTD vs. DLN — Risk / Return Rank

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

DTD

DTD Risk / Return Rank: 81
DTD Sharpe Ratio Rank: 83
DTD Sortino Ratio Rank: 84
DTD Omega Ratio Rank: 81
DTD Calmar Ratio Rank: 76
DTD Martin Ratio Rank: 81

DLN

DLN Risk / Return Rank: 83
DLN Sharpe Ratio Rank: 85
DLN Sortino Ratio Rank: 86
DLN Omega Ratio Rank: 83
DLN Calmar Ratio Rank: 77
DLN Martin Ratio Rank: 83

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.

DTD vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Total Dividend Fund (DTD) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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.

	DTD	DLN	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.37	-0.08
Sortino ratio: Return per unit of downside risk	3.24	3.37	-0.13
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	3.39	3.49	-0.10
Martin ratio: Return relative to average drawdown	13.98	14.59	-0.61

DTD vs. DLN - Sharpe Ratio Comparison

The current DTD Sharpe Ratio is 2.29, which is comparable to the DLN Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of DTD and DLN, 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

DTD vs. DLN - Drawdown Comparison

The maximum DTD drawdown since its inception was -58.19%, roughly equal to the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for DTD and DLN.

Drawdown Indicators

	DTD	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-58.19%	-57.84%	-0.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.30%	-6.10%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-13.71%	-0.70%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-16.26%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	-37.29%	-35.82%	-1.47%
Current Drawdown Current decline from peak	-0.81%	-1.01%	+0.20%
Average Drawdown Average peak-to-trough decline	-7.32%	-7.50%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	1.45%	+0.08%

Volatility

DTD vs. DLN - Volatility Comparison

WisdomTree U.S. Total Dividend Fund (DTD) and WisdomTree U.S. LargeCap Dividend Fund (DLN) have volatilities of 2.62% and 2.71%, 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.

Volatility by Period

	DTD	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.71%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	7.10%	6.97%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	9.37%	9.00%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	13.26%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	16.14%	+0.05%

DTD vs. DLN - Expense Ratio Comparison

Both DTD and DLN have an expense ratio of 0.28%.

Dividends

DTD vs. DLN - Dividend Comparison

DTD's dividend yield for the trailing twelve months is around 1.86%, more than DLN's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.79%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
DTD WisdomTree U.S. Total Dividend Fund	1.86%	1.99%	2.07%	2.43%	2.62%	2.04%	2.73%	2.50%	2.93%	2.36%	2.66%	2.81%

Frequently Asked Questions

Can I hold both DTD and DLN in my portfolio?

With a correlation of 0.98, DTD and DLN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DTD or DLN?

DLN has higher volatility (2.71%) compared to DTD (2.62%). In terms of maximum drawdown, DTD dropped -58.19% vs DLN's -57.84%.

Which ETF is better, DTD or DLN?

On 10-year performance, DLN leads with 13.02% vs 12.56% for DTD. Both ETFs have the same 0.28% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DTD or DLN?

Over the 10-year period, DLN has performed better with a 13.02% return vs 12.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DTD or DLN?

DTD and DLN have the same expense ratio: 0.28% per year.

Which ETF pays a higher dividend yield, DTD or DLN?

DTD has the higher dividend yield at 1.86%, compared with 1.79% for DLN.

What is the main difference between DTD and DLN?

DTD tracks WisdomTree U.S. Dividend Index, while DLN tracks WisdomTree U.S. LargeCap Dividend Index.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.37 vs 2.29), 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.