DTH vs. TSM

Last updated Jun 4, 2026

DTH (WisdomTree International High Dividend Fund) is Foreign Large Cap Equities fund tracking the WisdomTree International High Dividend Index, while TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock. Over the past 10 years, DTH returned 8.77%/yr vs 36.20%/yr for TSM. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

DTH vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International High Dividend Fund (DTH) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DTH achieves a 8.27% return, which is significantly lower than TSM's 44.10% return. Over the past 10 years, DTH has underperformed TSM with an annualized return of 8.77%, while TSM has yielded a comparatively higher 36.20% annualized return.

DTH

• 1D: -0.96%
• 1M: 0.94%
• YTD: 8.27%
• 6M: 11.35%
• 1Y: 26.13%
• 3Y*: 19.99%
• 5Y*: 11.48%
• 10Y*: 8.77%

TSM

• 1D: -2.24%
• 1M: 8.73%
• YTD: 44.10%
• 6M: 48.60%
• 1Y: 123.66%
• 3Y*: 66.46%
• 5Y*: 31.74%
• 10Y*: 36.20%

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

DTH vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DTH WisdomTree International High Dividend Fund	8.27%	42.37%	2.31%	15.03%	-1.74%	8.30%	-7.05%	18.43%	-12.85%	21.10%
TSM Taiwan Semiconductor Manufacturing Company Limited	44.10%	55.91%	92.58%	42.33%	-36.75%	12.09%	92.67%	64.85%	-3.50%	41.46%

Correlation

The correlation between DTH and TSM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 19, 2006	0.51

The correlation between DTH and TSM shifts across timeframes, from 0.32 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DTH vs. TSM — Risk / Return Rank

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

DTH

DTH Risk / Return Rank: 59
DTH Sharpe Ratio Rank: 61
DTH Sortino Ratio Rank: 59
DTH Omega Ratio Rank: 59
DTH Calmar Ratio Rank: 58
DTH Martin Ratio Rank: 59

TSM

TSM Risk / Return Rank: 95
TSM Sharpe Ratio Rank: 96
TSM Sortino Ratio Rank: 95
TSM Omega Ratio Rank: 92
TSM Calmar Ratio Rank: 94
TSM Martin Ratio Rank: 97

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.

DTH vs. TSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International High Dividend Fund (DTH) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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.

	DTH	TSM	Difference
Sharpe ratio Return per unit of total volatility	2.07	3.49	-1.42
Sortino ratio Return per unit of downside risk	2.83	4.06	-1.23
Omega ratio Gain probability vs. loss probability	1.37	1.49	-0.12
Calmar ratio Return relative to maximum drawdown	2.87	6.86	-3.99
Martin ratio Return relative to average drawdown	10.60	24.68	-14.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DTH vs. TSM - Sharpe Ratio Comparison

The current DTH Sharpe Ratio is 2.07, which is lower than the TSM Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of DTH and TSM, 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

	DTH	TSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	3.49	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.86	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	1.06	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.37	-0.13

Drawdowns

DTH vs. TSM - Drawdown Comparison

The maximum DTH drawdown since its inception was -64.20%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for DTH and TSM.

Drawdown Indicators

	DTH	TSM	Difference
Max Drawdown Largest peak-to-trough decline	-64.20%	-89.08%	+24.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-18.14%	+9.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.23%	-36.82%	+24.59%
Max Drawdown (5Y) Largest decline over 5 years	-23.40%	-56.47%	+33.07%
Max Drawdown (10Y) Largest decline over 10 years	-40.75%	-56.47%	+15.72%
Current Drawdown Current decline from peak	-2.97%	-2.24%	-0.73%
Average Drawdown Average peak-to-trough decline	-15.16%	-42.89%	+27.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	5.03%	-2.56%

Volatility

DTH vs. TSM - Volatility Comparison

The current volatility for WisdomTree International High Dividend Fund (DTH) is 4.18%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 11.64%. This indicates that DTH experiences smaller price fluctuations and is considered to be less risky than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DTH	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	11.64%	-7.46%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	27.19%	-16.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	35.61%	-22.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	37.27%	-22.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	34.12%	-17.05%

Dividends

DTH vs. TSM - Dividend Comparison

DTH's dividend yield for the trailing twelve months is around 3.43%, more than TSM's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DTH WisdomTree International High Dividend Fund	3.43%	3.80%	5.41%	5.63%	5.70%	4.72%	3.75%	4.27%	4.62%	3.72%	4.14%	4.38%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.76%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

Frequently Asked Questions

Can I hold both DTH and TSM in my portfolio?

DTH and TSM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DTH or TSM?

TSM has higher volatility (11.64%) compared to DTH (4.18%). In terms of maximum drawdown, DTH dropped -64.20% vs TSM's -89.08%.

Which has better risk-adjusted returns?

TSM currently has the higher Sharpe Ratio (3.49 vs 2.07), 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.