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USMF vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USMF vs. DHS

Last updated Jun 4, 2026

USMF (WisdomTree US Multifactor Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor 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, USMF returned 7.67%/yr vs 10.59%/yr for DHS. A 0.75 correlation means they provide meaningful diversification when combined. USMF charges 0.28%/yr vs 0.38%/yr for DHS.

Performance

USMF vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US Multifactor Fund (USMF) 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

In the year-to-date period, USMF achieves a 4.36% return, which is significantly lower than DHS's 9.88% return.

USMF

1D
-0.56%
1M
3.76%
YTD
4.36%
6M
4.80%
1Y
6.28%
3Y*
14.13%
5Y*
7.67%
10Y*
—

DHS

1D
-0.67%
1M
-0.16%
YTD
9.88%
6M
10.38%
1Y
20.55%
3Y*
16.39%
5Y*
10.59%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USMF vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USMF
WisdomTree US Multifactor Fund		4.36%4.60%19.65%13.47%-8.82%21.26%12.01%24.06%-4.72%11.27%
DHS
WisdomTree US High Dividend Fund		9.88%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%8.32%

Correlation

The correlation between USMF and DHS is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

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

0.76

Correlation (All Time)
Calculated using the full available price history since Aug 25, 2017

0.75

The correlation between USMF and DHS shifts across timeframes, from 0.57 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

USMF vs. DHS - Sectors Allocation Comparison

Sectors
USMF
DHS

Technology

35.6%
3.7%

Financial Services

11.8%
22.3%

Consumer Cyclical

11.1%
5.0%

Communication Services

10.3%
9.3%

Healthcare

9.3%
14.5%

Industrials

7.8%
4.1%

Consumer Defensive

5.2%
18.7%

Energy

4.1%
9.4%

Real Estate

2.0%
2.8%

Utilities

2.0%
9.0%

Basic Materials

0.9%
1.2%

Technology

USMF
35.6%
DHS
3.7%

Financial Services

USMF
11.8%
DHS
22.3%

Consumer Cyclical

USMF
11.1%
DHS
5.0%

Communication Services

USMF
10.3%
DHS
9.3%

Healthcare

USMF
9.3%
DHS
14.5%

Industrials

USMF
7.8%
DHS
4.1%

Consumer Defensive

USMF
5.2%
DHS
18.7%

Energy

USMF
4.1%
DHS
9.4%

Real Estate

USMF
2.0%
DHS
2.8%

Utilities

USMF
2.0%
DHS
9.0%

Basic Materials

USMF
0.9%
DHS
1.2%

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WisdomTree US Multifactor Fund

WisdomTree US High Dividend Fund

Often compared with USMF:
USMF vs. DYNFUSMF vs. VFMFUSMF vs. SCHMUSMF vs. SFLRUSMF vs. SPMOUSMF vs. SPYUSMF vs. VO
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

USMF vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USMF
USMF Risk / Return Rank: 1919
Overall Rank
USMF Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
USMF Sortino Ratio Rank: 1717
Sortino Ratio Rank
USMF Omega Ratio Rank: 1717
Omega Ratio Rank
USMF Calmar Ratio Rank: 2222
Calmar Ratio Rank
USMF Martin Ratio Rank: 2323
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6262
Overall Rank
DHS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 6666
Sortino Ratio Rank
DHS Omega Ratio Rank: 5757
Omega Ratio Rank
DHS Calmar Ratio Rank: 6565
Calmar Ratio Rank
DHS Martin Ratio Rank: 6565
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.

USMF vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Multifactor Fund (USMF) 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.

USMFDHSDifference
Sharpe ratioReturn per unit of total volatility
0.58
2.06

-1.48

Sortino ratioReturn per unit of downside risk
0.89
3.09

-2.20

Omega ratioGain probability vs. loss probability

1.10

1.35

-0.25

Calmar ratioReturn relative to maximum drawdown

0.98

3.28

-2.30

Martin ratioReturn relative to average drawdown

2.93

12.04

-9.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USMF vs. DHS - Sharpe Ratio Comparison

The current USMF Sharpe Ratio is 0.58, which is lower than the DHS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of USMF 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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Sharpe Ratios by Period

USMFDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.58

2.06

-1.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.77

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.41

+0.22

Drawdowns

USMF vs. DHS - Drawdown Comparison

The maximum USMF drawdown since its inception was -36.24%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for USMF and DHS.

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Drawdown Indicators

USMFDHSDifference

Max Drawdown

Largest peak-to-trough decline

-36.24%

-67.25%

+31.01%

Max Drawdown (1Y)

Largest decline over 1 year

-6.47%

-6.30%

-0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-15.39%

-11.87%

-3.52%

Max Drawdown (5Y)

Largest decline over 5 years

-18.10%

-15.28%

-2.82%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.35%

—

Current Drawdown

Current decline from peak

-0.56%

-2.60%

+2.04%

Average Drawdown

Average peak-to-trough decline

-4.16%

-9.55%

+5.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

1.71%

+0.44%

Volatility

USMF vs. DHS - Volatility Comparison

The current volatility for WisdomTree US Multifactor Fund (USMF) is 2.30%, while WisdomTree US High Dividend Fund (DHS) has a volatility of 2.88%. This indicates that USMF 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

USMFDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.30%

2.88%

-0.58%

Volatility (6M)

Calculated over the trailing 6-month period

7.43%

7.32%

+0.11%

Volatility (1Y)

Calculated over the trailing 1-year period

10.79%

10.01%

+0.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.27%

13.89%

+0.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.97%

16.08%

+0.89%

USMF vs. DHS - Expense Ratio Comparison

USMF has a 0.28% expense ratio, which is lower than DHS's 0.38% expense ratio.

Dividends

USMF vs. DHS - Dividend Comparison

USMF's dividend yield for the trailing twelve months is around 1.32%, less than DHS's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.35%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%
USMF
WisdomTree US Multifactor Fund		1.32%1.37%1.22%1.33%1.74%1.42%1.34%1.38%1.45%0.67%0.00%0.00%

Frequently Asked Questions

USMF and DHS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DHS has higher volatility (2.88%) compared to USMF (2.30%). In terms of maximum drawdown, USMF dropped -36.24% vs DHS's -67.25%.

On 5-year performance, DHS leads with 10.59% vs 7.67% for USMF. On fees, USMF is cheaper at 0.28% per year. On volatility, USMF has been the lower-risk option at 2.30%. 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 10.59% return vs 7.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USMF is cheaper with a 0.28% expense ratio, compared with 0.38% for DHS.

DHS has the higher dividend yield at 3.35%, compared with 1.32% for USMF.

USMF is categorized as Mid Cap Blend Equities, while DHS is Large Cap Value Equities. USMF tracks WisdomTree US Multifactor Index, while DHS tracks WisdomTree U.S. High Dividend Index. Their fees differ too: 0.28% for USMF and 0.38% for DHS.

DHS currently has the higher Sharpe Ratio (2.06 vs 0.58), 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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