RB vs. DES

Last updated Jun 27, 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. Over the past year, RB returned 19.41% vs 31.55% for DES. A 0.63 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 7.87% return, which is significantly lower than DES's 23.12% return.

RB

• 1D: -0.19%
• 1M: 0.80%
• YTD: 7.87%
• 6M: 7.69%
• 1Y: 19.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DES

• 1D: 1.04%
• 1M: 6.39%
• YTD: 23.12%
• 6M: 21.38%
• 1Y: 31.55%
• 3Y*: 16.04%
• 5Y*: 7.83%
• 10Y*: 9.04%

*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	7.87%	10.85%
DES WisdomTree U.S. SmallCap Dividend Fund	23.12%	8.45%

Correlation

The correlation between RB and DES is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.63

The correlation between RB and DES has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.

Return for Risk

RB vs. DES — Risk / Return Rank

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

RB

RB Risk / Return Rank: 96
RB Sharpe Ratio Rank: 94
RB Sortino Ratio Rank: 96
RB Omega Ratio Rank: 95
RB Calmar Ratio Rank: 97
RB Martin Ratio Rank: 96

DES

DES Risk / Return Rank: 73
DES Sharpe Ratio Rank: 68
DES Sortino Ratio Rank: 73
DES Omega Ratio Rank: 65
DES Calmar Ratio Rank: 85
DES Martin Ratio Rank: 73

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.

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.

	RB	DES	Difference
Sharpe ratio: Return per unit of total volatility	2.97	1.94	+1.03
Sortino ratio: Return per unit of downside risk	5.08	2.86	+2.22
Omega ratio: Gain probability vs. loss probability	1.65	1.34	+0.31
Calmar ratio: Return relative to maximum drawdown	9.27	4.16	+5.11
Martin ratio: Return relative to average drawdown	30.83	11.93	+18.91

RB vs. DES - Sharpe Ratio Comparison

The current RB Sharpe Ratio is 2.97, which is higher than the DES Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of RB and DES, 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

RB vs. DES - Drawdown Comparison

The maximum RB drawdown since its inception was -2.09%, 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	-2.09%	-65.48%	+63.39%
Max Drawdown (1Y) Largest decline over 1 year	-2.09%	-7.64%	+5.55%
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	-0.56%	0.00%	-0.56%
Average Drawdown Average peak-to-trough decline	-0.43%	-9.65%	+9.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	2.66%	-2.03%

Volatility

RB vs. DES - Volatility Comparison

The current volatility for ProShares Russell 2000 Dynamic Daily Buffer ETF (RB) is 2.66%, while WisdomTree U.S. SmallCap Dividend Fund (DES) has a volatility of 4.07%. This indicates that RB experiences smaller price fluctuations and is considered to be less risky than DES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RB	DES	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	4.07%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	4.75%	11.18%	-6.43%
Volatility (1Y) Calculated over the trailing 1-year period	6.52%	16.42%	-9.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.52%	19.52%	-13.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.52%	21.94%	-15.42%

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 2.27%, which matches DES's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DES WisdomTree U.S. SmallCap Dividend Fund	2.25%	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	2.27%	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 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RB or DES?

DES has higher volatility (4.07%) compared to RB (2.66%). In terms of maximum drawdown, RB dropped -2.09% vs DES's -65.48%.

Which ETF is better, RB or DES?

On 1-year performance, DES leads with 31.55% vs 19.41% for RB. On fees, DES is cheaper at 0.38% per year. On volatility, RB has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RB or DES?

Over the 1-year period, DES has performed better with a 31.55% return vs 19.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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?

RB has the higher dividend yield at 2.27%, compared with 2.25% for DES.

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.

Which has better risk-adjusted returns?

RB currently has the higher Sharpe Ratio (2.97 vs 1.94), 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.