EVT vs. DHS
EVT (Eaton Vance Tax-Advantaged Dividend Income Fund) and DHS (WisdomTree US High Dividend Fund) are both funds - EVT is a Dividend fund managed by Eaton Vance, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Over the past 10 years, EVT returned 11.76%/yr vs 9.93%/yr for DHS. A 0.69 correlation means they provide meaningful diversification when combined. EVT charges 0.01%/yr vs 0.38%/yr for DHS.
Performance
EVT vs. DHS - Performance Comparison
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Returns By Period
In the year-to-date period, EVT achieves a 12.17% return, which is significantly lower than DHS's 13.65% return. Over the past 10 years, EVT has outperformed DHS with an annualized return of 11.76%, while DHS has yielded a comparatively lower 9.93% annualized return.
EVT
- 1D
- 2.14%
- 1M
- 1.33%
- YTD
- 12.17%
- 6M
- 13.25%
- 1Y
- 24.65%
- 3Y*
- 16.63%
- 5Y*
- 7.92%
- 10Y*
- 11.76%
DHS
- 1D
- 1.03%
- 1M
- 1.29%
- YTD
- 13.65%
- 6M
- 12.94%
- 1Y
- 24.36%
- 3Y*
- 17.64%
- 5Y*
- 11.84%
- 10Y*
- 9.93%
EVT vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EVT Eaton Vance Tax-Advantaged Dividend Income Fund | 12.17% | 13.79% | 17.34% | 5.78% | -17.33% | 33.94% | 1.72% | 44.71% | -11.92% | 21.80% |
DHS WisdomTree US High Dividend Fund | 13.65% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
Correlation
The correlation between EVT and DHS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.69 |
Over the past year, the correlation between EVT and DHS has dropped to 0.46 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
EVT vs. DHS — Risk / Return Rank
EVT
DHS
EVT vs. DHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) 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.
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.
| EVT | DHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.89 | -1.20 |
| Martin ratioReturn relative to average drawdown | 11.21 | 14.08 | -2.87 |
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Drawdowns
EVT vs. DHS - Drawdown Comparison
The maximum EVT drawdown since its inception was -74.01%, which is greater than DHS's maximum drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for EVT and DHS.
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Drawdown Indicators
| EVT | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.01% | -67.25% | -6.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.22% | -6.30% | -2.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -11.87% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -15.28% | -12.95% |
Max Drawdown (10Y)Largest decline over 10 years | -52.03% | -37.35% | -14.68% |
Current DrawdownCurrent decline from peak | 0.00% | -0.28% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -11.11% | -9.53% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.73% | +0.47% |
Volatility
EVT vs. DHS - Volatility Comparison
Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has a higher volatility of 4.79% compared to WisdomTree US High Dividend Fund (DHS) at 3.62%. This indicates that EVT'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
| EVT | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 3.62% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 7.56% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 10.24% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 13.88% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.63% | 16.08% | +4.55% |
EVT vs. DHS - Expense Ratio Comparison
EVT has a 0.01% expense ratio, which is lower than DHS's 0.38% expense ratio.
Dividends
EVT vs. DHS - Dividend Comparison
EVT's dividend yield for the trailing twelve months is around 7.26%, more than DHS's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.18% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
EVT Eaton Vance Tax-Advantaged Dividend Income Fund | 7.26% | 7.84% | 8.02% | 8.03% | 8.44% | 5.65% | 7.97% | 6.82% | 9.16% | 6.85% | 8.47% | 7.49% |
Frequently Asked Questions
EVT and DHS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVT has higher volatility (4.79%) compared to DHS (3.62%). In terms of maximum drawdown, EVT dropped -74.01% vs DHS's -67.25%.
DHS currently has the higher Sharpe Ratio (2.40 vs 1.99), 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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