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QSML vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QSML vs. DHS

Last updated Jun 25, 2026

QSML (Wisdomtree U.S. Smallcap Quality Growth Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - QSML is a Small Cap Growth Equities fund tracking the WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past year, QSML returned 24.58% vs 21.95% for DHS. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.

Performance

QSML vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) 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 investments are quite close, with QSML having a 12.37% return and DHS slightly higher at 12.48%.

QSML

1D
1.38%
1M
4.91%
YTD
12.37%
6M
9.88%
1Y
24.58%
3Y*
—
5Y*
—
10Y*
—

DHS

1D
-0.11%
1M
-0.29%
YTD
12.48%
6M
11.78%
1Y
21.95%
3Y*
17.53%
5Y*
11.61%
10Y*
9.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QSML vs. DHS - Yearly Performance Comparison

2026 (YTD)20252024
QSML
Wisdomtree U.S. Smallcap Quality Growth Fund		12.37%5.49%9.93%
DHS
WisdomTree US High Dividend Fund		12.48%12.87%20.00%

Correlation

The correlation between QSML and DHS is 0.53, 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

0.53

Correlation (All Time)
Calculated using the full available price history since Jan 25, 2024

0.59

The correlation between QSML and DHS has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

QSML vs. DHS - Sectors Allocation Comparison

Sectors
QSML
DHS

Technology

20.1%
4.1%

Industrials

17.7%
4.2%

Consumer Cyclical

15.9%
5.6%

Financial Services

13.8%
22.1%

Healthcare

9.4%
14.9%

Energy

8.6%
8.8%

Consumer Defensive

7.0%
18.5%

Communication Services

3.8%
9.0%

Basic Materials

3.1%
1.2%

Real Estate

0.3%
2.9%

Utilities

0.3%
8.7%

Technology

QSML
20.1%
DHS
4.1%

Industrials

QSML
17.7%
DHS
4.2%

Consumer Cyclical

QSML
15.9%
DHS
5.6%

Financial Services

QSML
13.8%
DHS
22.1%

Healthcare

QSML
9.4%
DHS
14.9%

Energy

QSML
8.6%
DHS
8.8%

Consumer Defensive

QSML
7.0%
DHS
18.5%

Communication Services

QSML
3.8%
DHS
9.0%

Basic Materials

QSML
3.1%
DHS
1.2%

Real Estate

QSML
0.3%
DHS
2.9%

Utilities

QSML
0.3%
DHS
8.7%

Compare stocks, funds, or ETFs

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Wisdomtree U.S. Smallcap Quality Growth Fund

WisdomTree US High Dividend Fund

Often compared with QSML:
QSML vs. AVUVQSML vs. AVDVQSML vs. SCHGQSML vs. DFSVQSML vs. SFLOQSML vs. SCHAQSML vs. VBR
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

QSML vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QSML
QSML Risk / Return Rank: 4747
Overall Rank
QSML Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
QSML Sortino Ratio Rank: 4848
Sortino Ratio Rank
QSML Omega Ratio Rank: 4141
Omega Ratio Rank
QSML Calmar Ratio Rank: 5353
Calmar Ratio Rank
QSML Martin Ratio Rank: 5151
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 7575
Overall Rank
DHS Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 8181
Sortino Ratio Rank
DHS Omega Ratio Rank: 7070
Omega Ratio Rank
DHS Calmar Ratio Rank: 7676
Calmar Ratio Rank
DHS Martin Ratio Rank: 7575
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.

QSML vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) 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.

QSMLDHSDifference
Sharpe ratioReturn per unit of total volatility
1.40
2.16

-0.76

Sortino ratioReturn per unit of downside risk
2.12
3.22

-1.10

Omega ratioGain probability vs. loss probability

1.24

1.37

-0.13

Calmar ratioReturn relative to maximum drawdown

2.30

3.50

-1.20

Martin ratioReturn relative to average drawdown

7.66

12.69

-5.02

QSML vs. DHS - Sharpe Ratio Comparison

The current QSML Sharpe Ratio is 1.40, which is lower than the DHS Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of QSML 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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Drawdowns

QSML vs. DHS - Drawdown Comparison

The maximum QSML drawdown since its inception was -28.54%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for QSML and DHS.

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Drawdown Indicators

QSMLDHSDifference

Max Drawdown

Largest peak-to-trough decline

-28.54%

-67.25%

+38.71%

Max Drawdown (1Y)

Largest decline over 1 year

-10.72%

-6.30%

-4.42%

Max Drawdown (3Y)

Largest decline over 3 years

—

-11.87%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.28%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.35%

—

Current Drawdown

Current decline from peak

0.00%

-1.30%

+1.30%

Average Drawdown

Average peak-to-trough decline

-5.85%

-9.53%

+3.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.22%

1.74%

+1.48%

Volatility

QSML vs. DHS - Volatility Comparison

Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) has a higher volatility of 4.80% compared to WisdomTree US High Dividend Fund (DHS) at 3.52%. This indicates that QSML'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

QSMLDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.80%

3.52%

+1.28%

Volatility (6M)

Calculated over the trailing 6-month period

12.21%

7.52%

+4.69%

Volatility (1Y)

Calculated over the trailing 1-year period

17.65%

10.19%

+7.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.78%

13.88%

+6.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.78%

16.08%

+4.70%

QSML vs. DHS - Expense Ratio Comparison

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

Dividends

QSML vs. DHS - Dividend Comparison

QSML's dividend yield for the trailing twelve months is around 0.55%, less than DHS's 3.28% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.28%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%
QSML
Wisdomtree U.S. Smallcap Quality Growth Fund		0.55%0.62%0.32%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

QSML and DHS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QSML has higher volatility (4.80%) compared to DHS (3.52%). In terms of maximum drawdown, QSML dropped -28.54% vs DHS's -67.25%.

On 1-year performance, QSML leads with 24.58% vs 21.95% for DHS. Both ETFs have the same 0.38% expense ratio. On volatility, DHS has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, QSML has performed better with a 24.58% return vs 21.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

DHS has the higher dividend yield at 3.28%, compared with 0.55% for QSML.

QSML is categorized as Small Cap Growth Equities, while DHS is Large Cap Value Equities. QSML tracks WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while DHS tracks WisdomTree U.S. High Dividend Index.

DHS currently has the higher Sharpe Ratio (2.16 vs 1.40), 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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