RB vs. DES

Last updated Jun 4, 2026

RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) and DES (WisdomTree U.S. SmallCap Dividend Fund) are both exchange-traded funds - RB is a Defined Outcome fund tracking the Russell 2000, while DES is a Small Cap Blend Equities fund tracking the WisdomTree SmallCap Dividend (TR). Both are passively managed. A 0.65 correlation means they provide meaningful diversification when combined. RB charges 0.58%/yr vs 0.38%/yr for DES.

Performance

RB vs. DES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Russell 2000 Dynamic Daily Buffer ETF (RB) and WisdomTree U.S. SmallCap Dividend Fund (DES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RB achieves a 6.76% return, which is significantly lower than DES's 15.19% return.

RB

• 1D: -0.17%
• 1M: 1.63%
• YTD: 6.76%
• 6M: 8.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DES

• 1D: -1.24%
• 1M: 0.67%
• YTD: 15.19%
• 6M: 14.26%
• 1Y: 25.57%
• 3Y*: 14.17%
• 5Y*: 5.96%
• 10Y*: 8.04%

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

RB vs. DES - Yearly Performance Comparison

	2026 (YTD)	2025
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	6.76%	10.58%
DES WisdomTree U.S. SmallCap Dividend Fund	15.19%	6.95%

Correlation

The correlation between RB and DES is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.65

Return for Risk

RB vs. DES — Risk / Return Rank

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

DES

DES Risk / Return Rank: 51
DES Sharpe Ratio Rank: 44
DES Sortino Ratio Rank: 47
DES Omega Ratio Rank: 43
DES Calmar Ratio Rank: 67
DES Martin Ratio Rank: 55

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.

RB vs. DES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dynamic Daily Buffer ETF (RB) and WisdomTree U.S. SmallCap Dividend Fund (DES). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RB	DES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.15	0.31	+2.83

Drawdowns

RB vs. DES - Drawdown Comparison

The maximum RB drawdown since its inception was -1.70%, smaller than the maximum DES drawdown of -65.48%. Use the drawdown chart below to compare losses from any high point for RB and DES.

Drawdown Indicators

	RB	DES	Difference
Max Drawdown Largest peak-to-trough decline	-1.70%	-65.48%	+63.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.16%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.65%	—
Current Drawdown Current decline from peak	-0.47%	-1.52%	+1.05%
Average Drawdown Average peak-to-trough decline	-0.41%	-9.68%	+9.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.68%	—

Volatility

Volatility by Period

	RB	DES	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.21%	16.46%	-10.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.21%	19.57%	-13.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	21.97%	-15.76%

RB vs. DES - Expense Ratio Comparison

RB has a 0.58% expense ratio, which is higher than DES's 0.38% expense ratio.

Dividends

RB vs. DES - Dividend Comparison

RB's dividend yield for the trailing twelve months is around 2.00%, less than DES's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DES WisdomTree U.S. SmallCap Dividend Fund	2.40%	2.85%	2.81%	2.65%	2.89%	2.31%	2.75%	2.68%	3.65%	2.89%	2.70%	3.09%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	2.00%	1.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RB and DES in my portfolio?

RB and DES have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RB or DES?

On fees, DES is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RB or DES?

DES is cheaper with a 0.38% expense ratio, compared with 0.58% for RB.

Which ETF pays a higher dividend yield, RB or DES?

DES has the higher dividend yield at 2.40%, compared with 2.00% for RB.

What is the main difference between RB and DES?

RB is categorized as Defined Outcome, while DES is Small Cap Blend Equities. RB tracks Russell 2000, while DES tracks WisdomTree SmallCap Dividend (TR). They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.58% for RB and 0.38% for DES.