DTD vs. DON

Last updated Jun 4, 2026

DTD (WisdomTree U.S. Total Dividend Fund) and DON (WisdomTree US MidCap Dividend ETF) are both exchange-traded funds - DTD is a Large Cap Value Equities fund tracking the WisdomTree U.S. Dividend Index, while DON is a Mid Cap Value Equities fund tracking the WisdomTree U.S. MidCap Dividend Index. Both are passively managed. Over the past 10 years, DTD returned 12.18%/yr vs 9.16%/yr for DON. Their correlation of 0.90 suggests significant overlap in exposure. DTD charges 0.28%/yr vs 0.38%/yr for DON.

Performance

DTD vs. DON - Performance Comparison

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

Returns By Period

In the year-to-date period, DTD achieves a 10.02% return, which is significantly higher than DON's 7.24% return. Over the past 10 years, DTD has outperformed DON with an annualized return of 12.18%, while DON has yielded a comparatively lower 9.16% annualized return.

DTD

• 1D: -0.48%
• 1M: 2.79%
• YTD: 10.02%
• 6M: 9.93%
• 1Y: 21.95%
• 3Y*: 17.94%
• 5Y*: 11.75%
• 10Y*: 12.18%

DON

• 1D: -0.45%
• 1M: 0.47%
• YTD: 7.24%
• 6M: 6.89%
• 1Y: 14.24%
• 3Y*: 13.37%
• 5Y*: 7.54%
• 10Y*: 9.16%

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

DTD vs. DON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DTD WisdomTree U.S. Total Dividend Fund	10.02%	14.25%	18.56%	10.63%	-3.83%	26.26%	2.45%	28.19%	-6.47%	17.35%
DON WisdomTree US MidCap Dividend ETF	7.24%	3.86%	14.20%	14.04%	-4.72%	30.29%	-5.40%	23.31%	-8.26%	14.86%

Correlation

The correlation between DTD and DON is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 19, 2006	0.90

The correlation between DTD and DON has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

DTD vs. DON - Sectors Allocation Comparison

Sectors	DTD	DON
Financial Services	18.8%	21.1%
Technology	18.5%	4.5%
Healthcare	11.5%	2.4%
Consumer Defensive	8.7%	3.6%
Industrials	8.6%	17.1%
Energy	8.4%	7.9%
Communication Services	7.4%	3.9%
Utilities	5.9%	6.9%
Consumer Cyclical	5.6%	11.5%
Real Estate	5.2%	9.3%
Basic Materials	1.5%	6.4%

Return for Risk

DTD vs. DON — Risk / Return Rank

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

DTD

DTD Risk / Return Rank: 72
DTD Sharpe Ratio Rank: 71
DTD Sortino Ratio Rank: 74
DTD Omega Ratio Rank: 71
DTD Calmar Ratio Rank: 70
DTD Martin Ratio Rank: 75

DON

DON Risk / Return Rank: 31
DON Sharpe Ratio Rank: 30
DON Sortino Ratio Rank: 31
DON Omega Ratio Rank: 27
DON Calmar Ratio Rank: 31
DON Martin Ratio Rank: 32

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. DON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Total Dividend Fund (DTD) and WisdomTree US MidCap Dividend ETF (DON). 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.

	DTD	DON	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.10	+1.27
Sortino ratio: Return per unit of downside risk	3.38	1.71	+1.68
Omega ratio: Gain probability vs. loss probability	1.43	1.19	+0.24
Calmar ratio: Return relative to maximum drawdown	3.50	1.58	+1.92
Martin ratio: Return relative to average drawdown	14.51	4.93	+9.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DTD vs. DON - Sharpe Ratio Comparison

The current DTD Sharpe Ratio is 2.37, which is higher than the DON Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of DTD and DON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DTD	DON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.10	+1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.43	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.45	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.42	+0.11

Drawdowns

DTD vs. DON - Drawdown Comparison

The maximum DTD drawdown since its inception was -58.19%, smaller than the maximum DON drawdown of -61.94%. Use the drawdown chart below to compare losses from any high point for DTD and DON.

Drawdown Indicators

	DTD	DON	Difference
Max Drawdown Largest peak-to-trough decline	-58.19%	-61.94%	+3.75%
Max Drawdown (1Y) Largest decline over 1 year	-6.30%	-9.05%	+2.75%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-21.46%	+7.05%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-21.46%	+5.32%
Max Drawdown (10Y) Largest decline over 10 years	-37.29%	-46.80%	+9.51%
Current Drawdown Current decline from peak	-0.48%	-1.93%	+1.45%
Average Drawdown Average peak-to-trough decline	-7.34%	-7.90%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	2.90%	-1.38%

Volatility

DTD vs. DON - Volatility Comparison

The current volatility for WisdomTree U.S. Total Dividend Fund (DTD) is 2.13%, while WisdomTree US MidCap Dividend ETF (DON) has a volatility of 3.06%. This indicates that DTD experiences smaller price fluctuations and is considered to be less risky than DON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DTD	DON	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	3.06%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	6.98%	8.87%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	9.29%	12.97%	-3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.57%	17.77%	-4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	20.26%	-4.05%

DTD vs. DON - Expense Ratio Comparison

DTD has a 0.28% expense ratio, which is lower than DON's 0.38% expense ratio.

Dividends

DTD vs. DON - Dividend Comparison

DTD's dividend yield for the trailing twelve months is around 1.87%, less than DON's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DON WisdomTree US MidCap Dividend ETF	2.36%	2.53%	2.27%	2.41%	2.71%	2.12%	2.77%	2.38%	2.55%	2.25%	2.48%	2.89%
DTD WisdomTree U.S. Total Dividend Fund	1.87%	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 DON in my portfolio?

DTD and DON have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DTD or DON?

DON has higher volatility (3.06%) compared to DTD (2.13%). In terms of maximum drawdown, DTD dropped -58.19% vs DON's -61.94%.

Which ETF is better, DTD or DON?

On 10-year performance, DTD leads with 12.18% vs 9.16% for DON. On fees, DTD is cheaper at 0.28% per year. On volatility, DTD has been the lower-risk option at 2.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DTD or DON?

Over the 10-year period, DTD has performed better with a 12.18% return vs 9.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DTD or DON?

DTD is cheaper with a 0.28% expense ratio, compared with 0.38% for DON.

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

DON has the higher dividend yield at 2.36%, compared with 1.87% for DTD.

What is the main difference between DTD and DON?

DTD is categorized as Large Cap Value Equities, while DON is Mid Cap Value Equities. DTD tracks WisdomTree U.S. Dividend Index, while DON tracks WisdomTree U.S. MidCap Dividend Index. Their fees differ too: 0.28% for DTD and 0.38% for DON.

Which has better risk-adjusted returns?

DTD currently has the higher Sharpe Ratio (2.37 vs 1.10), 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.