SHAG vs. DHS
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield 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 5 years, SHAG returned 1.61%/yr vs 10.83%/yr for DHS. At a 0.06 correlation, their price movements are largely independent. SHAG charges 0.12%/yr vs 0.38%/yr for DHS.
Performance
SHAG vs. DHS - Performance Comparison
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Returns By Period
In the year-to-date period, SHAG achieves a 0.48% return, which is significantly lower than DHS's 11.10% return.
SHAG
- 1D
- 0.07%
- 1M
- 0.03%
- YTD
- 0.48%
- 6M
- 0.81%
- 1Y
- 3.73%
- 3Y*
- 4.72%
- 5Y*
- 1.61%
- 10Y*
- —
DHS
- 1D
- 1.10%
- 1M
- 0.51%
- YTD
- 11.10%
- 6M
- 11.95%
- 1Y
- 22.85%
- 3Y*
- 17.04%
- 5Y*
- 10.83%
- 10Y*
- 9.55%
SHAG vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.48% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.11% |
DHS WisdomTree US High Dividend Fund | 11.10% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 8.32% |
Correlation
The correlation between SHAG and DHS is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2017 | 0.06 |
The correlation between SHAG and DHS shifts across timeframes, from 0.06 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SHAG vs. DHS — Risk / Return Rank
SHAG
DHS
SHAG vs. DHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) 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.
| SHAG | DHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 3.64 | -0.92 |
| Martin ratioReturn relative to average drawdown | 9.70 | 13.37 | -3.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHAG | DHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.29 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.78 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.41 | +0.43 |
Drawdowns
SHAG vs. DHS - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for SHAG and DHS.
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Drawdown Indicators
| SHAG | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -67.25% | +57.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -6.30% | +4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -11.87% | +10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -15.28% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.35% | — |
Current DrawdownCurrent decline from peak | -0.54% | -1.52% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -9.55% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.71% | -1.32% |
Volatility
SHAG vs. DHS - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) is 0.60%, while WisdomTree US High Dividend Fund (DHS) has a volatility of 3.05%. This indicates that SHAG 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.
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Volatility by Period
| SHAG | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 3.05% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 7.36% | -6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 10.06% | -8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 13.90% | -11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 16.08% | -13.50% |
SHAG vs. DHS - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than DHS's 0.38% expense ratio.
Dividends
SHAG vs. DHS - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.28%, more than DHS's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.32% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
SHAG and DHS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DHS has higher volatility (3.05%) compared to SHAG (0.60%). In terms of maximum drawdown, SHAG dropped -9.62% vs DHS's -67.25%.
On 5-year performance, DHS leads with 10.83% vs 1.61% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, SHAG has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DHS has performed better with a 10.83% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.38% for DHS.
SHAG has the higher dividend yield at 4.28%, compared with 3.32% for DHS.
SHAG is categorized as Short-Term Bond, while DHS is Large Cap Value Equities. SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index, while DHS tracks WisdomTree U.S. High Dividend Index. Their fees differ too: 0.12% for SHAG and 0.38% for DHS.
DHS currently has the higher Sharpe Ratio (2.29 vs 2.05), 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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