QHY vs. DHS
QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - QHY is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond 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, QHY returned 4.96%/yr vs 9.47%/yr for DHS. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.38% expense ratio.
Performance
QHY vs. DHS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QHY achieves a 1.46% return, which is significantly lower than DHS's 9.88% return. Over the past 10 years, QHY has underperformed DHS with an annualized return of 4.96%, while DHS has yielded a comparatively higher 9.47% annualized return.
QHY
- 1D
- -0.09%
- 1M
- 0.55%
- YTD
- 1.46%
- 6M
- 1.70%
- 1Y
- 7.29%
- 3Y*
- 8.10%
- 5Y*
- 3.21%
- 10Y*
- 4.96%
DHS
- 1D
- -0.67%
- 1M
- -0.16%
- YTD
- 9.88%
- 6M
- 10.38%
- 1Y
- 20.55%
- 3Y*
- 16.39%
- 5Y*
- 10.59%
- 10Y*
- 9.47%
QHY vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.46% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 5.66% |
DHS WisdomTree US High Dividend Fund | 9.88% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
Correlation
The correlation between QHY and DHS is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2016 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QHY vs. DHS — Risk / Return Rank
QHY
DHS
QHY vs. DHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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.
| QHY | DHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 3.28 | -0.63 |
| Martin ratioReturn relative to average drawdown | 12.02 | 12.04 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| QHY | DHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.06 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.77 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.59 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.41 | +0.21 |
Drawdowns
QHY vs. DHS - Drawdown Comparison
The maximum QHY drawdown since its inception was -22.74%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for QHY and DHS.
Loading charts...
Drawdown Indicators
| QHY | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -67.25% | +44.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -6.30% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -11.87% | +7.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -15.28% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -37.35% | +14.61% |
Current DrawdownCurrent decline from peak | -0.09% | -2.60% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -9.55% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.71% | -1.10% |
Volatility
QHY vs. DHS - Volatility Comparison
The current volatility for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) is 1.08%, while WisdomTree US High Dividend Fund (DHS) has a volatility of 2.88%. This indicates that QHY experiences smaller price fluctuations and is considered to be less risky than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QHY | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 2.88% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 7.32% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 10.01% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 13.89% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 16.08% | -7.88% |
QHY vs. DHS - Expense Ratio Comparison
Both QHY and DHS have an expense ratio of 0.38%.
Dividends
QHY vs. DHS - Dividend Comparison
QHY's dividend yield for the trailing twelve months is around 6.26%, more than DHS's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.35% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 6.26% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% | 0.00% |
Frequently Asked Questions
QHY and DHS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHS has higher volatility (2.88%) compared to QHY (1.08%). In terms of maximum drawdown, QHY dropped -22.74% vs DHS's -67.25%.
On 10-year performance, DHS leads with 9.47% vs 4.96% for QHY. Both ETFs have the same 0.38% expense ratio. On volatility, QHY has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DHS has performed better with a 9.47% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QHY and DHS have the same expense ratio: 0.38% per year.
QHY has the higher dividend yield at 6.26%, compared with 3.35% for DHS.
QHY is categorized as High Yield Bonds, while DHS is Large Cap Value Equities. QHY tracks WisdomTree U.S. High Yield Corporate Bond Index, while DHS tracks WisdomTree U.S. High Dividend Index.
DHS currently has the higher Sharpe Ratio (2.06 vs 2.01), 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.
Find the right allocation for QHY and DHS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer