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EZM vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EZM vs. DHS

Last updated Jun 5, 2026

EZM (WisdomTree U.S. MidCap Earnings Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - EZM is a Mid Cap Blend Equities fund tracking the WisdomTree U.S. MidCap 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, EZM returned 10.61%/yr vs 9.55%/yr for DHS. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.

Performance

EZM vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Earnings Fund (EZM) 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

The year-to-date returns for both stocks are quite close, with EZM having a 11.29% return and DHS slightly lower at 11.10%. Over the past 10 years, EZM has outperformed DHS with an annualized return of 10.61%, while DHS has yielded a comparatively lower 9.55% annualized return.

EZM

1D
0.68%
1M
2.22%
YTD
11.29%
6M
11.02%
1Y
24.69%
3Y*
16.06%
5Y*
8.11%
10Y*
10.61%

DHS

1D
1.10%
1M
0.51%
YTD
11.10%
6M
11.95%
1Y
22.85%
3Y*
17.04%
5Y*
10.83%
10Y*
9.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EZM vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EZM
WisdomTree U.S. MidCap Earnings Fund		11.29%8.42%10.29%19.69%-12.22%31.00%5.57%24.48%-12.36%17.37%
DHS
WisdomTree US High Dividend Fund		11.10%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between EZM and DHS is 0.66, 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

0.66

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

0.75

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

0.77

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

0.78

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

0.78

The correlation between EZM and DHS shifts across timeframes, from 0.66 (1 year) to 0.78 (10 years), reflecting how their relationship changes across market environments.

EZM vs. DHS - Sectors Allocation Comparison

Sectors
EZM
DHS

Financial Services

19.3%
22.3%

Industrials

16.5%
4.1%

Consumer Cyclical

15.4%
5.0%

Technology

12.5%
3.7%

Healthcare

9.2%
14.5%

Energy

7.2%
9.4%

Consumer Defensive

5.4%
18.7%

Real Estate

4.9%
2.8%

Basic Materials

4.4%
1.2%

Utilities

3.3%
9.0%

Communication Services

1.8%
9.3%

Financial Services

EZM
19.3%
DHS
22.3%

Industrials

EZM
16.5%
DHS
4.1%

Consumer Cyclical

EZM
15.4%
DHS
5.0%

Technology

EZM
12.5%
DHS
3.7%

Healthcare

EZM
9.2%
DHS
14.5%

Energy

EZM
7.2%
DHS
9.4%

Consumer Defensive

EZM
5.4%
DHS
18.7%

Real Estate

EZM
4.9%
DHS
2.8%

Basic Materials

EZM
4.4%
DHS
1.2%

Utilities

EZM
3.3%
DHS
9.0%

Communication Services

EZM
1.8%
DHS
9.3%

Compare stocks, funds, or ETFs

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WisdomTree U.S. MidCap Earnings Fund

WisdomTree US High Dividend Fund

Often compared with EZM:
EZM vs. JHQAXEZM vs. IQDGEZM vs. REGLEZM vs. SPMDEZM vs. RFVEZM vs. IMCGEZM vs. FLQM
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

EZM vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZM
EZM Risk / Return Rank: 5353
Overall Rank
EZM Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
EZM Sortino Ratio Rank: 5353
Sortino Ratio Rank
EZM Omega Ratio Rank: 4848
Omega Ratio Rank
EZM Calmar Ratio Rank: 5858
Calmar Ratio Rank
EZM Martin Ratio Rank: 5555
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 7272
Overall Rank
DHS Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 7777
Sortino Ratio Rank
DHS Omega Ratio Rank: 6767
Omega Ratio Rank
DHS Calmar Ratio Rank: 7474
Calmar Ratio Rank
DHS Martin Ratio Rank: 7272
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.

EZM vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Earnings Fund (EZM) 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.

EZMDHSDifference
Sharpe ratioReturn per unit of total volatility
1.67
2.29

-0.62

Sortino ratioReturn per unit of downside risk
2.54
3.42

-0.88

Omega ratioGain probability vs. loss probability

1.30

1.40

-0.10

Calmar ratioReturn relative to maximum drawdown

2.85

3.64

-0.79

Martin ratioReturn relative to average drawdown

9.66

13.37

-3.71

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

EZM vs. DHS - Sharpe Ratio Comparison

The current EZM Sharpe Ratio is 1.67, which is comparable to the DHS Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of EZM 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

EZMDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.67

2.29

-0.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

0.78

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.60

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.41

0.00

Drawdowns

EZM vs. DHS - Drawdown Comparison

The maximum EZM drawdown since its inception was -59.58%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for EZM and DHS.

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Drawdown Indicators

EZMDHSDifference

Max Drawdown

Largest peak-to-trough decline

-59.58%

-67.25%

+7.67%

Max Drawdown (1Y)

Largest decline over 1 year

-8.70%

-6.30%

-2.40%

Max Drawdown (3Y)

Largest decline over 3 years

-23.53%

-11.87%

-11.66%

Max Drawdown (5Y)

Largest decline over 5 years

-23.53%

-15.28%

-8.25%

Max Drawdown (10Y)

Largest decline over 10 years

-47.26%

-37.35%

-9.91%

Current Drawdown

Current decline from peak

0.00%

-1.52%

+1.52%

Average Drawdown

Average peak-to-trough decline

-8.27%

-9.55%

+1.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

1.71%

+0.85%

Volatility

EZM vs. DHS - Volatility Comparison

WisdomTree U.S. MidCap Earnings Fund (EZM) has a higher volatility of 3.33% compared to WisdomTree US High Dividend Fund (DHS) at 3.05%. This indicates that EZM'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

EZMDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.33%

3.05%

+0.28%

Volatility (6M)

Calculated over the trailing 6-month period

10.25%

7.36%

+2.89%

Volatility (1Y)

Calculated over the trailing 1-year period

14.84%

10.06%

+4.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.42%

13.90%

+6.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.35%

16.08%

+6.27%

EZM vs. DHS - Expense Ratio Comparison

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

Dividends

EZM vs. DHS - Dividend Comparison

EZM's dividend yield for the trailing twelve months is around 1.25%, less than DHS's 3.32% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.32%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%
EZM
WisdomTree U.S. MidCap Earnings Fund		1.25%1.39%1.22%1.25%1.57%1.08%1.67%1.34%1.57%1.14%1.55%1.30%

Frequently Asked Questions

EZM and DHS have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EZM has higher volatility (3.33%) compared to DHS (3.05%). In terms of maximum drawdown, EZM dropped -59.58% vs DHS's -67.25%.

On 10-year performance, EZM leads with 10.61% vs 9.55% for DHS. Both ETFs have the same 0.38% expense ratio. On volatility, DHS has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EZM has performed better with a 10.61% return vs 9.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

DHS has the higher dividend yield at 3.32%, compared with 1.25% for EZM.

EZM is categorized as Mid Cap Blend Equities, while DHS is Large Cap Value Equities. EZM tracks WisdomTree U.S. MidCap Index, while DHS tracks WisdomTree U.S. High Dividend Index.

DHS currently has the higher Sharpe Ratio (2.29 vs 1.67), 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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