EZM vs. REGL

Last updated Jun 24, 2026

EZM (WisdomTree U.S. MidCap Earnings Fund) and REGL (ProShares S&P MidCap 400 Dividend Aristocrats ETF) are both exchange-traded funds - EZM is a Mid Cap Blend Equities fund tracking the WisdomTree U.S. MidCap Index, while REGL is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, EZM returned 11.19%/yr vs 9.68%/yr for REGL. Their correlation of 0.88 suggests significant overlap in exposure. EZM charges 0.38%/yr vs 0.40%/yr for REGL.

Performance

EZM vs. REGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. MidCap Earnings Fund (EZM) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EZM achieves a 11.89% return, which is significantly higher than REGL's 8.22% return. Over the past 10 years, EZM has outperformed REGL with an annualized return of 11.19%, while REGL has yielded a comparatively lower 9.68% annualized return.

EZM

• 1D: -0.44%
• 1M: 2.64%
• YTD: 11.89%
• 6M: 10.26%
• 1Y: 23.90%
• 3Y*: 15.31%
• 5Y*: 8.74%
• 10Y*: 11.19%

REGL

• 1D: 0.50%
• 1M: 1.92%
• YTD: 8.22%
• 6M: 6.56%
• 1Y: 13.68%
• 3Y*: 12.57%
• 5Y*: 7.41%
• 10Y*: 9.68%

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

EZM vs. REGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EZM WisdomTree U.S. MidCap Earnings Fund	11.89%	8.42%	10.29%	19.69%	-12.22%	31.00%	5.57%	24.48%	-12.36%	17.37%
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	8.22%	6.89%	12.26%	5.41%	-0.62%	20.38%	7.50%	18.79%	-3.25%	10.17%

Correlation

The correlation between EZM and REGL is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015	0.88

The correlation between EZM and REGL has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.

EZM vs. REGL - Sectors Allocation Comparison

Sectors	EZM	REGL
Financial Services	19.0%	31.0%
Industrials	16.4%	15.2%
Consumer Cyclical	15.2%	10.7%
Technology	13.6%	1.9%
Healthcare	9.9%	4.6%
Energy	6.4%	3.1%
Consumer Defensive	5.1%	2.8%
Real Estate	5.0%	7.8%
Basic Materials	4.4%	9.2%
Utilities	3.2%	13.7%
Communication Services	1.9%	-

Return for Risk

EZM vs. REGL — Risk / Return Rank

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

EZM

EZM Risk / Return Rank: 54
EZM Sharpe Ratio Rank: 50
EZM Sortino Ratio Rank: 54
EZM Omega Ratio Rank: 47
EZM Calmar Ratio Rank: 60
EZM Martin Ratio Rank: 57

REGL

REGL Risk / Return Rank: 30
REGL Sharpe Ratio Rank: 30
REGL Sortino Ratio Rank: 31
REGL Omega Ratio Rank: 28
REGL Calmar Ratio Rank: 29
REGL Martin Ratio Rank: 32

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. REGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. MidCap Earnings Fund (EZM) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL). 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.

	EZM	REGL	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.04	+0.55
Sortino ratio: Return per unit of downside risk	2.44	1.61	+0.82
Omega ratio: Gain probability vs. loss probability	1.28	1.18	+0.10
Calmar ratio: Return relative to maximum drawdown	2.76	1.42	+1.34
Martin ratio: Return relative to average drawdown	9.36	4.41	+4.94

EZM vs. REGL - Sharpe Ratio Comparison

The current EZM Sharpe Ratio is 1.60, which is higher than the REGL Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of EZM and REGL, 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

EZM vs. REGL - Drawdown Comparison

The maximum EZM drawdown since its inception was -59.58%, which is greater than REGL's maximum drawdown of -36.37%. Use the drawdown chart below to compare losses from any high point for EZM and REGL.

Drawdown Indicators

	EZM	REGL	Difference
Max Drawdown Largest peak-to-trough decline	-59.58%	-36.37%	-23.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.70%	-9.67%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-23.53%	-16.96%	-6.57%
Max Drawdown (5Y) Largest decline over 5 years	-23.53%	-16.96%	-6.57%
Max Drawdown (10Y) Largest decline over 10 years	-47.26%	-36.37%	-10.89%
Current Drawdown Current decline from peak	-1.01%	-1.97%	+0.96%
Average Drawdown Average peak-to-trough decline	-8.25%	-4.08%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	3.11%	-0.55%

Volatility

EZM vs. REGL - Volatility Comparison

WisdomTree U.S. MidCap Earnings Fund (EZM) has a higher volatility of 4.05% compared to ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) at 3.57%. This indicates that EZM's price experiences larger fluctuations and is considered to be riskier than REGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EZM	REGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	3.57%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	9.31%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	13.24%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	16.06%	+4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	18.32%	+4.01%

EZM vs. REGL - Expense Ratio Comparison

EZM has a 0.38% expense ratio, which is lower than REGL's 0.40% expense ratio.

Dividends

EZM vs. REGL - Dividend Comparison

EZM's dividend yield for the trailing twelve months is around 1.25%, less than REGL's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	2.15%	2.32%	2.28%	2.40%	2.32%	2.50%	2.41%	1.96%	2.09%	1.63%	1.20%	1.66%

Frequently Asked Questions

Can I hold both EZM and REGL in my portfolio?

EZM and REGL have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EZM or REGL?

EZM has higher volatility (4.05%) compared to REGL (3.57%). In terms of maximum drawdown, EZM dropped -59.58% vs REGL's -36.37%.

Which ETF is better, EZM or REGL?

On 10-year performance, EZM leads with 11.19% vs 9.68% for REGL. On fees, EZM is cheaper at 0.38% per year. On volatility, REGL has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EZM or REGL?

Over the 10-year period, EZM has performed better with a 11.19% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZM or REGL?

EZM is cheaper with a 0.38% expense ratio, compared with 0.40% for REGL.

Which ETF pays a higher dividend yield, EZM or REGL?

REGL has the higher dividend yield at 2.15%, compared with 1.25% for EZM.

What is the main difference between EZM and REGL?

EZM is categorized as Mid Cap Blend Equities, while REGL is Mid Cap Value Equities. EZM tracks WisdomTree U.S. MidCap Index, while REGL tracks S&P MidCap 400 Dividend Aristocrats Index. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.38% for EZM and 0.40% for REGL.

Which has better risk-adjusted returns?

EZM currently has the higher Sharpe Ratio (1.60 vs 1.04), 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.