EES vs. WCEO

Last updated Aug 4, 2026

EES (WisdomTree U.S. SmallCap Fund) and WCEO (Hypatia Women CEO ETF) are both Small Cap Blend Equities funds. EES is passively managed, while WCEO is actively managed. Over the past 3 years, EES returned 14.72%/yr vs 14.25%/yr for WCEO. Their correlation of 0.93 means they have usually moved in the same direction. EES charges 0.38%/yr vs 0.85%/yr for WCEO.

Performance

EES vs. WCEO - Performance Comparison

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

Returns By Period

In the year-to-date period, EES achieves a 21.51% return, which is significantly higher than WCEO's 18.40% return.

EES

• 1D: 1.86%
• 1M: 1.95%
• 6M: 15.27%
• YTD: 21.51%
• 1Y: 38.00%
• 3Y*: 14.72%
• 5Y*: 9.18%
• 10Y*: 11.02%
• ALL TIME*: 8.98%

WCEO

• 1D: 1.74%
• 1M: 1.31%
• 6M: 13.20%
• YTD: 18.40%
• 1Y: 30.78%
• 3Y*: 14.25%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EES WisdomTree U.S. SmallCap Fund	$617.16K	$757.25K	$907.88K
WCEO Hypatia Women CEO ETF	$58.82K	$49.20K	$48.58K

EES vs. WCEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EES WisdomTree U.S. SmallCap Fund	21.51%	6.99%	9.86%	15.10%
WCEO Hypatia Women CEO ETF	18.40%	9.77%	8.28%	10.51%

Correlation

The correlation between EES and WCEO is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 9, 2023	0.93

The correlation between EES and WCEO has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

EES vs. WCEO - Sectors Allocation Comparison

Sectors	EES	WCEO
Financial Services	22.4%	18.4%
Technology	15.6%	16.2%
Consumer Cyclical	13.3%	13.4%
Industrials	12.9%	15.1%
Healthcare	10.1%	12.0%
Energy	6.3%	4.5%
Consumer Defensive	4.8%	4.1%
Real Estate	4.7%	6.5%
Basic Materials	4.7%	4.2%
Communication Services	3.5%	3.3%
Utilities	1.6%	1.9%

Return for Risk

EES vs. WCEO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EES

EES Risk / Return Rank: 90
EES Sharpe Ratio Rank: 89
EES Sortino Ratio Rank: 90
EES Omega Ratio Rank: 87
EES Calmar Ratio Rank: 93
EES Martin Ratio Rank: 90

WCEO

WCEO Risk / Return Rank: 87
WCEO Sharpe Ratio Rank: 85
WCEO Sortino Ratio Rank: 88
WCEO Omega Ratio Rank: 82
WCEO Calmar Ratio Rank: 92
WCEO Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EES vs. WCEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) and Hypatia Women CEO ETF (WCEO). 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.

	EES	WCEO	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.09	+0.19
Sortino ratio: Return per unit of downside risk	3.29	3.13	+0.16
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.04
Calmar ratio: Return relative to maximum drawdown	4.79	4.45	+0.34
Martin ratio: Return relative to average drawdown	14.88	14.32	+0.56

EES vs. WCEO - Sharpe Ratio Comparison

The current EES Sharpe Ratio is 2.28, which is comparable to the WCEO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of EES and WCEO, 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

EES vs. WCEO - Drawdown Comparison

The maximum EES drawdown since its inception was -63.66%, which is greater than WCEO's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for EES and WCEO.

Drawdown Indicators

	EES	WCEO	Difference
Max Drawdown Largest peak-to-trough decline	-63.66%	-25.88%	-37.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	-6.96%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-27.15%	-25.88%	-1.27%
Max Drawdown (5Y) Largest decline over 5 years	-27.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.52%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.28%	-5.28%	-5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.16%	+0.40%

Volatility

EES vs. WCEO - Volatility Comparison

WisdomTree U.S. SmallCap Fund (EES) and Hypatia Women CEO ETF (WCEO) have volatilities of 3.65% and 3.68%, 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

	EES	WCEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.68%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	10.28%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	14.81%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.35%	17.91%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.72%	17.91%	+5.81%

EES vs. WCEO - Expense Ratio Comparison

EES has a 0.38% expense ratio, which is lower than WCEO's 0.85% expense ratio.

Dividends

EES vs. WCEO - Dividend Comparison

EES's dividend yield for the trailing twelve months is around 1.12%, more than WCEO's 0.54% 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%
WCEO Hypatia Women CEO ETF	0.54%	0.64%	0.88%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EES and WCEO in my portfolio?

With a correlation of 0.91, EES and WCEO 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, EES or WCEO?

WCEO has higher volatility (3.68%) compared to EES (3.65%). In terms of maximum drawdown, EES dropped -63.66% vs WCEO's -25.88%.

Which ETF is better, EES or WCEO?

On 3-year performance, EES leads with 14.72% vs 14.25% for WCEO. On fees, EES is cheaper at 0.38% per year. 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, EES or WCEO?

Over the 3-year period, EES has performed better with a 14.72% return vs 14.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EES or WCEO?

EES is cheaper with a 0.38% expense ratio, compared with 0.85% for WCEO.

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

EES has the higher dividend yield at 1.12%, compared with 0.54% for WCEO.

What is the main difference between EES and WCEO?

They also come from different issuers: WisdomTree and Hypatia. Their fees differ too: 0.38% for EES and 0.85% for WCEO.

Which has better risk-adjusted returns?

EES currently has the higher Sharpe Ratio (2.28 vs 2.09), 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.