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EES vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EES vs. DHS

Last updated Jun 4, 2026

EES (WisdomTree U.S. SmallCap Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - EES is a Small Cap Blend Equities fund tracking the WisdomTree U.S. Small Cap Index, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, EES returned 10.68%/yr vs 9.47%/yr for DHS. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.

Performance

EES vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Fund (EES) and WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EES achieves a 12.00% return, which is significantly higher than DHS's 9.88% return. Over the past 10 years, EES has outperformed DHS with an annualized return of 10.68%, while DHS has yielded a comparatively lower 9.47% annualized return.

EES

1D
-1.53%
1M
0.47%
YTD
12.00%
6M
11.97%
1Y
29.80%
3Y*
15.30%
5Y*
6.23%
10Y*
10.68%

DHS

1D
-0.67%
1M
-0.16%
YTD
9.88%
6M
10.38%
1Y
20.55%
3Y*
16.39%
5Y*
10.59%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EES vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EES
WisdomTree U.S. SmallCap Fund		12.00%6.99%9.86%18.53%-16.18%34.39%3.06%21.68%-10.12%12.42%
DHS
WisdomTree US High Dividend Fund		9.88%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between EES and DHS is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2007

0.75

The correlation between EES and DHS shifts across timeframes, from 0.62 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

EES vs. DHS - Sectors Allocation Comparison

Sectors
EES
DHS

Financial Services

21.8%
22.3%

Technology

14.2%
3.7%

Consumer Cyclical

13.4%
5.0%

Industrials

12.5%
4.1%

Healthcare

10.3%
14.5%

Energy

7.9%
9.4%

Consumer Defensive

5.3%
18.7%

Basic Materials

4.9%
1.2%

Real Estate

4.8%
2.8%

Communication Services

3.1%
9.3%

Utilities

1.7%
9.0%

Financial Services

EES
21.8%
DHS
22.3%

Technology

EES
14.2%
DHS
3.7%

Consumer Cyclical

EES
13.4%
DHS
5.0%

Industrials

EES
12.5%
DHS
4.1%

Healthcare

EES
10.3%
DHS
14.5%

Energy

EES
7.9%
DHS
9.4%

Consumer Defensive

EES
5.3%
DHS
18.7%

Basic Materials

EES
4.9%
DHS
1.2%

Real Estate

EES
4.8%
DHS
2.8%

Communication Services

EES
3.1%
DHS
9.3%

Utilities

EES
1.7%
DHS
9.0%

Compare stocks, funds, or ETFs

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WisdomTree U.S. SmallCap Fund

WisdomTree US High Dividend Fund

Often compared with EES:
EES vs. DESEES vs. DWASEES vs. SCHDEES vs. IWMEES vs. VIOOEES vs. SPYEES vs. RWJ
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

EES vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EES
EES Risk / Return Rank: 5757
Overall Rank
EES Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
EES Sortino Ratio Rank: 5252
Sortino Ratio Rank
EES Omega Ratio Rank: 4848
Omega Ratio Rank
EES Calmar Ratio Rank: 7575
Calmar Ratio Rank
EES Martin Ratio Rank: 6262
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6262
Overall Rank
DHS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 6666
Sortino Ratio Rank
DHS Omega Ratio Rank: 5757
Omega Ratio Rank
DHS Calmar Ratio Rank: 6565
Calmar Ratio Rank
DHS Martin Ratio Rank: 6565
Martin Ratio Rank
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.

EES vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) and WisdomTree US High Dividend Fund (DHS). 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.

EESDHSDifference

Sharpe ratio

Return per unit of total volatility

1.72

2.06

-0.34

Sortino ratio

Return per unit of downside risk

2.51

3.09

-0.58

Omega ratio

Gain probability vs. loss probability

1.30

1.35

-0.05

Calmar ratio

Return relative to maximum drawdown

3.75

3.28

+0.47

Martin ratio

Return relative to average drawdown

11.05

12.04

-1.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EES vs. DHS - Sharpe Ratio Comparison

The current EES Sharpe Ratio is 1.72, which is comparable to the DHS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of EES and DHS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EESDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.72

2.06

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.77

-0.48

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.59

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.41

-0.06

Drawdowns

EES vs. DHS - Drawdown Comparison

The maximum EES drawdown since its inception was -63.66%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for EES and DHS.

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Drawdown Indicators

EESDHSDifference

Max Drawdown

Largest peak-to-trough decline

-63.66%

-67.25%

+3.59%

Max Drawdown (1Y)

Largest decline over 1 year

-7.98%

-6.30%

-1.68%

Max Drawdown (3Y)

Largest decline over 3 years

-27.15%

-11.87%

-15.28%

Max Drawdown (5Y)

Largest decline over 5 years

-27.15%

-15.28%

-11.87%

Max Drawdown (10Y)

Largest decline over 10 years

-50.52%

-37.35%

-13.17%

Current Drawdown

Current decline from peak

-1.53%

-2.60%

+1.07%

Average Drawdown

Average peak-to-trough decline

-10.37%

-9.55%

-0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

1.71%

+0.99%

Volatility

EES vs. DHS - Volatility Comparison

WisdomTree U.S. SmallCap Fund (EES) has a higher volatility of 4.03% compared to WisdomTree US High Dividend Fund (DHS) at 2.88%. This indicates that EES's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EESDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.03%

2.88%

+1.15%

Volatility (6M)

Calculated over the trailing 6-month period

11.34%

7.32%

+4.02%

Volatility (1Y)

Calculated over the trailing 1-year period

17.42%

10.01%

+7.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.53%

13.89%

+7.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.80%

16.08%

+7.72%

EES vs. DHS - Expense Ratio Comparison

Both EES and DHS have an expense ratio of 0.38%.

Dividends

EES vs. DHS - Dividend Comparison

EES's dividend yield for the trailing twelve months is around 1.12%, less than DHS's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.35%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%
EES
WisdomTree U.S. SmallCap Fund		1.12%1.29%1.37%1.18%1.12%1.69%1.29%1.31%1.81%0.93%1.02%1.38%

Frequently Asked Questions

EES and DHS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EES has higher volatility (4.03%) compared to DHS (2.88%). In terms of maximum drawdown, EES dropped -63.66% vs DHS's -67.25%.

On 10-year performance, EES leads with 10.68% vs 9.47% for DHS. Both ETFs have the same 0.38% expense ratio. On volatility, DHS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EES has performed better with a 10.68% return vs 9.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EES and DHS have the same expense ratio: 0.38% per year.

DHS has the higher dividend yield at 3.35%, compared with 1.12% for EES.

EES is categorized as Small Cap Blend Equities, while DHS is Large Cap Value Equities. EES tracks WisdomTree U.S. Small Cap Index, while DHS tracks WisdomTree U.S. High Dividend Index.

DHS currently has the higher Sharpe Ratio (2.06 vs 1.72), 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.

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