EES vs. NTSX

Last updated Jun 4, 2026

EES (WisdomTree U.S. SmallCap Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - EES is a Small Cap Blend Equities fund tracking the WisdomTree U.S. Small Cap Index, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. EES is passively managed, while NTSX is actively managed. Over the past 5 years, EES returned 6.23%/yr vs 9.69%/yr for NTSX. A 0.67 correlation means they provide meaningful diversification when combined. EES charges 0.38%/yr vs 0.20%/yr for NTSX.

Performance

EES vs. NTSX - Performance Comparison

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

Returns By Period

In the year-to-date period, EES achieves a 12.00% return, which is significantly higher than NTSX's 8.62% 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%

NTSX

• 1D: -1.05%
• 1M: 4.37%
• YTD: 8.62%
• 6M: 7.83%
• 1Y: 25.27%
• 3Y*: 19.38%
• 5Y*: 9.69%
• 10Y*: —

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

EES vs. NTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EES WisdomTree U.S. SmallCap Fund	12.00%	6.99%	9.86%	18.53%	-16.18%	34.39%	3.06%	21.68%	-18.30%
NTSX WisdomTree U.S. Efficient Core Fund	8.62%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	32.03%	-8.72%

Correlation

The correlation between EES and NTSX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018	0.67

The correlation between EES and NTSX has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

EES vs. NTSX - Sectors Allocation Comparison

Sectors	EES	NTSX
Financial Services	21.8%	12.3%
Technology	14.2%	35.1%
Consumer Cyclical	13.4%	10.1%
Industrials	12.5%	7.7%
Healthcare	10.3%	8.4%
Energy	7.9%	3.5%
Consumer Defensive	5.3%	5.5%
Basic Materials	4.9%	1.4%
Real Estate	4.8%	1.5%
Communication Services	3.1%	12.5%
Utilities	1.7%	2.1%

Return for Risk

EES vs. NTSX — Risk / Return Rank

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

EES

EES Risk / Return Rank: 57
EES Sharpe Ratio Rank: 49
EES Sortino Ratio Rank: 52
EES Omega Ratio Rank: 48
EES Calmar Ratio Rank: 75
EES Martin Ratio Rank: 62

NTSX

NTSX Risk / Return Rank: 60
NTSX Sharpe Ratio Rank: 60
NTSX Sortino Ratio Rank: 58
NTSX Omega Ratio Rank: 59
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

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. NTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) and WisdomTree U.S. Efficient Core Fund (NTSX). 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.

	EES	NTSX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.06	-0.34
Sortino ratio: Return per unit of downside risk	2.51	2.81	-0.29
Omega ratio: Gain probability vs. loss probability	1.30	1.37	-0.07
Calmar ratio: Return relative to maximum drawdown	3.75	2.77	+0.98
Martin ratio: Return relative to average drawdown	11.05	12.25	-1.21
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. NTSX - Sharpe Ratio Comparison

The current EES Sharpe Ratio is 1.72, which is comparable to the NTSX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of EES and NTSX, 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

	EES	NTSX	Difference
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	0.57	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.71	-0.37

Drawdowns

EES vs. NTSX - Drawdown Comparison

The maximum EES drawdown since its inception was -63.66%, which is greater than NTSX's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for EES and NTSX.

Drawdown Indicators

	EES	NTSX	Difference
Max Drawdown Largest peak-to-trough decline	-63.66%	-31.34%	-32.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	-9.16%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	-27.15%	-16.82%	-10.33%
Max Drawdown (5Y) Largest decline over 5 years	-27.15%	-31.34%	+4.19%
Max Drawdown (10Y) Largest decline over 10 years	-50.52%	—	—
Current Drawdown Current decline from peak	-1.53%	-1.05%	-0.48%
Average Drawdown Average peak-to-trough decline	-10.37%	-6.79%	-3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	2.07%	+0.63%

Volatility

EES vs. NTSX - Volatility Comparison

WisdomTree U.S. SmallCap Fund (EES) has a higher volatility of 4.03% compared to WisdomTree U.S. Efficient Core Fund (NTSX) at 3.39%. This indicates that EES's price experiences larger fluctuations and is considered to be riskier than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EES	NTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	3.39%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	9.58%	+1.76%
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	12.31%	+5.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	17.04%	+4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.80%	18.27%	+5.53%

EES vs. NTSX - Expense Ratio Comparison

EES has a 0.38% expense ratio, which is higher than NTSX's 0.20% expense ratio.

Dividends

EES vs. NTSX - Dividend Comparison

EES's dividend yield for the trailing twelve months is around 1.12%, more than NTSX's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NTSX WisdomTree U.S. Efficient Core Fund	1.08%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EES and NTSX in my portfolio?

EES and NTSX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EES or NTSX?

EES has higher volatility (4.03%) compared to NTSX (3.39%). In terms of maximum drawdown, EES dropped -63.66% vs NTSX's -31.34%.

Which ETF is better, EES or NTSX?

On 5-year performance, NTSX leads with 9.69% vs 6.23% for EES. On fees, NTSX is cheaper at 0.20% per year. On volatility, NTSX has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EES or NTSX?

Over the 5-year period, NTSX has performed better with a 9.69% return vs 6.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EES or NTSX?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.38% for EES.

Which ETF pays a higher dividend yield, EES or NTSX?

EES has the higher dividend yield at 1.12%, compared with 1.08% for NTSX.

What is the main difference between EES and NTSX?

EES is categorized as Small Cap Blend Equities, while NTSX is Diversified Portfolio. Their fees differ too: 0.38% for EES and 0.20% for NTSX.

Which has better risk-adjusted returns?

NTSX 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.