HDLV.DE vs. WTES.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and WTES.DE (WisdomTree Europe SmallCap Dividend UCITS ETF) are both Dividend funds - HDLV.DE tracks the S&P 500 Low Volatility High Dividend Net Total Return Index while WTES.DE tracks the WisdomTree Europe SmallCap Dividend UCITS Index Euro. Both are passively managed. Over the past 10 years, HDLV.DE returned 6.33%/yr vs 7.75%/yr for WTES.DE. At a 0.43 correlation, their price movements are largely independent. HDLV.DE charges 0.30%/yr vs 0.38%/yr for WTES.DE.
Performance
HDLV.DE vs. WTES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDLV.DE achieves a 16.02% return, which is significantly higher than WTES.DE's 7.11% return. Over the past 10 years, HDLV.DE has underperformed WTES.DE with an annualized return of 6.33%, while WTES.DE has yielded a comparatively higher 7.75% annualized return.
HDLV.DE
- 1D
- 0.43%
- 1M
- 6.68%
- 6M
- 11.92%
- YTD
- 16.02%
- 1Y
- 16.81%
- 3Y*
- 11.57%
- 5Y*
- 8.25%
- 10Y*
- 6.33%
WTES.DE
- 1D
- -1.30%
- 1M
- 0.03%
- 6M
- 3.90%
- YTD
- 7.11%
- 1Y
- 10.66%
- 3Y*
- 12.04%
- 5Y*
- 5.73%
- 10Y*
- 7.75%
HDLV.DE vs. WTES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 16.02% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 21.77% | -2.56% | -2.34% |
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 7.11% | 17.37% | 5.33% | 10.89% | -15.66% | 27.92% | -4.86% | 31.22% | -18.52% | 16.96% |
Correlation
The correlation between HDLV.DE and WTES.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 11, 2015 | 0.43 |
Over the past year, the correlation between HDLV.DE and WTES.DE has dropped to 0.18 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
HDLV.DE vs. WTES.DE — Risk / Return Rank
HDLV.DE
WTES.DE
HDLV.DE vs. WTES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) and WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE). 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.
| HDLV.DE | WTES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.27 | +1.28 |
| Martin ratioReturn relative to average drawdown | 6.50 | 4.00 | +2.50 |
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Drawdowns
HDLV.DE vs. WTES.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, smaller than the maximum WTES.DE drawdown of -44.21%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and WTES.DE.
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Drawdown Indicators
| HDLV.DE | WTES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -44.21% | +5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -8.34% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -13.40% | -5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -26.53% | +6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | -44.21% | +5.00% |
Current DrawdownCurrent decline from peak | 0.00% | -1.47% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -8.69% | -7.47% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.66% | -0.08% |
Volatility
HDLV.DE vs. WTES.DE - Volatility Comparison
Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) has a higher volatility of 3.81% compared to WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) at 3.00%. This indicates that HDLV.DE's price experiences larger fluctuations and is considered to be riskier than WTES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDLV.DE | WTES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.00% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 10.06% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 12.45% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.64% | 15.71% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 16.15% | +0.97% |
HDLV.DE vs. WTES.DE - Expense Ratio Comparison
HDLV.DE has a 0.30% expense ratio, which is lower than WTES.DE's 0.38% expense ratio.
Dividends
HDLV.DE vs. WTES.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.38%, less than WTES.DE's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.38% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 3.84% | 4.67% | 4.81% | 4.47% | 4.24% | 2.04% | 1.78% | 3.33% | 3.67% | 2.58% | 0.40% | 2.47% |
Frequently Asked Questions
HDLV.DE and WTES.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDLV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDLV.DE is cheaper with a 0.30% expense ratio, compared with 0.38% for WTES.DE.
HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index, while WTES.DE tracks WisdomTree Europe SmallCap Dividend UCITS Index Euro. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.30% for HDLV.DE and 0.38% for WTES.DE.
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