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UDIV vs. DEW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UDIV vs. DEW

Last updated Jun 24, 2026

UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index, while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. Both are passively managed. Over the past 10 years, UDIV returned 11.60%/yr vs 9.72%/yr for DEW. A 0.76 correlation means they provide meaningful diversification when combined. UDIV charges 0.06%/yr vs 0.58%/yr for DEW.

Performance

UDIV vs. DEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and WisdomTree Global High Dividend Fund (DEW). 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 UDIV having a 12.46% return and DEW slightly higher at 12.97%. Over the past 10 years, UDIV has outperformed DEW with an annualized return of 11.60%, while DEW has yielded a comparatively lower 9.72% annualized return.

UDIV

1D
-1.34%
1M
-0.74%
YTD
12.46%
6M
11.52%
1Y
28.77%
3Y*
23.16%
5Y*
13.95%
10Y*
11.60%

DEW

1D
0.43%
1M
-0.07%
YTD
12.97%
6M
12.77%
1Y
25.61%
3Y*
19.27%
5Y*
11.57%
10Y*
9.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UDIV vs. DEW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UDIV
Franklin U.S. Core Dividend Tilt Index ETF		12.46%19.00%25.61%25.21%-15.00%19.66%5.54%24.60%-8.83%17.44%
DEW
WisdomTree Global High Dividend Fund		12.97%22.39%11.58%9.39%-2.73%21.29%-7.32%20.45%-10.58%15.38%

Correlation

The correlation between UDIV and DEW 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 (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2016

0.76

Over the past year, the correlation between UDIV and DEW has dropped to 0.53 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

UDIV vs. DEW - Sectors Allocation Comparison

Sectors
UDIV
DEW

Technology

40.3%
2.5%

Financial Services

11.3%
19.7%

Communication Services

10.2%
4.1%

Consumer Cyclical

8.7%
3.1%

Healthcare

7.1%
9.5%

Industrials

5.9%
4.4%

Consumer Defensive

5.4%
8.9%

Real Estate

3.6%
10.8%

Energy

3.3%
14.7%

Utilities

3.1%
10.8%

Basic Materials

0.8%
2.8%

Technology

UDIV
40.3%
DEW
2.5%

Financial Services

UDIV
11.3%
DEW
19.7%

Communication Services

UDIV
10.2%
DEW
4.1%

Consumer Cyclical

UDIV
8.7%
DEW
3.1%

Healthcare

UDIV
7.1%
DEW
9.5%

Industrials

UDIV
5.9%
DEW
4.4%

Consumer Defensive

UDIV
5.4%
DEW
8.9%

Real Estate

UDIV
3.6%
DEW
10.8%

Energy

UDIV
3.3%
DEW
14.7%

Utilities

UDIV
3.1%
DEW
10.8%

Basic Materials

UDIV
0.8%
DEW
2.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin U.S. Core Dividend Tilt Index ETF

WisdomTree Global High Dividend Fund

Often compared with UDIV:
UDIV vs. VYMUDIV vs. SCHDUDIV vs. HIDVUDIV vs. DDIVUDIV vs. DIVIUDIV vs. MBOXUDIV vs. LVHD
Often compared with DEW:
DEW vs. DTDDEW vs. IDVODEW vs. SPYDEW vs. ^GSPCDEW vs. SCHDDEW vs. NTSXDEW vs. NOBL

Return for Risk

UDIV vs. DEW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UDIV
UDIV Risk / Return Rank: 7575
Overall Rank
UDIV Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
UDIV Sortino Ratio Rank: 7272
Sortino Ratio Rank
UDIV Omega Ratio Rank: 7575
Omega Ratio Rank
UDIV Calmar Ratio Rank: 7171
Calmar Ratio Rank
UDIV Martin Ratio Rank: 8080
Martin Ratio Rank
DEW
DEW Risk / Return Rank: 8484
Overall Rank
DEW Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DEW Sortino Ratio Rank: 8787
Sortino Ratio Rank
DEW Omega Ratio Rank: 8383
Omega Ratio Rank
DEW Calmar Ratio Rank: 8181
Calmar Ratio Rank
DEW Martin Ratio Rank: 8383
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.

UDIV vs. DEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) and WisdomTree Global High Dividend Fund (DEW). 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.

UDIVDEWDifference
Sharpe ratioReturn per unit of total volatility
2.30
2.64

-0.34

Sortino ratioReturn per unit of downside risk
3.08
3.68

-0.60

Omega ratioGain probability vs. loss probability

1.42

1.47

-0.05

Calmar ratioReturn relative to maximum drawdown

3.42

4.06

-0.64

Martin ratioReturn relative to average drawdown

15.00

15.88

-0.88

UDIV vs. DEW - Sharpe Ratio Comparison

The current UDIV Sharpe Ratio is 2.30, which is comparable to the DEW Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of UDIV and DEW, 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

UDIV vs. DEW - Drawdown Comparison

The maximum UDIV drawdown since its inception was -35.21%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for UDIV and DEW.

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Drawdown Indicators

UDIVDEWDifference

Max Drawdown

Largest peak-to-trough decline

-35.21%

-65.55%

+30.34%

Max Drawdown (1Y)

Largest decline over 1 year

-8.44%

-6.34%

-2.10%

Max Drawdown (3Y)

Largest decline over 3 years

-19.19%

-11.80%

-7.39%

Max Drawdown (5Y)

Largest decline over 5 years

-23.18%

-18.86%

-4.32%

Max Drawdown (10Y)

Largest decline over 10 years

-35.21%

-38.77%

+3.56%

Current Drawdown

Current decline from peak

-2.88%

-1.12%

-1.76%

Average Drawdown

Average peak-to-trough decline

-4.63%

-12.41%

+7.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

1.62%

+0.30%

Volatility

UDIV vs. DEW - Volatility Comparison

Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a higher volatility of 4.96% compared to WisdomTree Global High Dividend Fund (DEW) at 2.77%. This indicates that UDIV's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UDIVDEWDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

2.77%

+2.19%

Volatility (6M)

Calculated over the trailing 6-month period

9.91%

7.35%

+2.56%

Volatility (1Y)

Calculated over the trailing 1-year period

12.60%

9.76%

+2.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.62%

12.98%

+2.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.30%

15.42%

+0.88%

UDIV vs. DEW - Expense Ratio Comparison

UDIV has a 0.06% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

UDIV vs. DEW - Dividend Comparison

UDIV's dividend yield for the trailing twelve months is around 1.12%, less than DEW's 3.18% yield.

PositionTTM20252024202320222021202020192018201720162015
DEW
WisdomTree Global High Dividend Fund		3.18%3.71%4.02%4.55%3.82%3.55%4.10%3.74%4.17%3.18%3.42%4.32%
UDIV
Franklin U.S. Core Dividend Tilt Index ETF		1.12%1.53%2.05%1.91%3.20%2.97%2.90%3.40%3.74%3.47%1.63%0.00%

Frequently Asked Questions

UDIV and DEW 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.

UDIV has higher volatility (4.96%) compared to DEW (2.77%). In terms of maximum drawdown, UDIV dropped -35.21% vs DEW's -65.55%.

On 10-year performance, UDIV leads with 11.60% vs 9.72% for DEW. On fees, UDIV is cheaper at 0.06% per year. On volatility, DEW has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, UDIV has performed better with a 11.60% return vs 9.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

UDIV is cheaper with a 0.06% expense ratio, compared with 0.58% for DEW.

DEW has the higher dividend yield at 3.18%, compared with 1.12% for UDIV.

UDIV is categorized as Dividend, while DEW is Large Cap Value Equities. UDIV tracks Linked Morningstar US Dividend Enhanced Select Index, while DEW tracks WisdomTree Global High Dividend Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.06% for UDIV and 0.58% for DEW.

DEW currently has the higher Sharpe Ratio (2.64 vs 2.30), 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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