VLLU vs. DEW

Last updated Aug 2, 2026

VLLU (Harbor AlphaEdge Large Cap Value ETF) and DEW (WisdomTree Global High Dividend Fund) are both Large Cap Value Equities funds - VLLU tracks the Harbor AlphaEdge Large Cap Value Index while DEW tracks the WisdomTree Global High Dividend Index. Both are passively managed. Over the past year, VLLU returned 24.82% vs 30.52% for DEW. Their 0.74 correlation means they have sometimes moved together and sometimes differently. VLLU charges 0.25%/yr vs 0.58%/yr for DEW.

Performance

VLLU vs. DEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AlphaEdge Large Cap Value ETF (VLLU) and WisdomTree Global High Dividend Fund (DEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VLLU achieves a 12.63% return, which is significantly lower than DEW's 19.31% return.

VLLU

• 1D: -0.07%
• 1M: 1.69%
• 6M: 9.62%
• YTD: 12.63%
• 1Y: 24.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.96%

DEW

• 1D: -0.26%
• 1M: 4.29%
• 6M: 12.79%
• YTD: 19.31%
• 1Y: 30.52%
• 3Y*: 19.28%
• 5Y*: 12.89%
• 10Y*: 9.75%
• ALL TIME*: 6.12%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEW WisdomTree Global High Dividend Fund	$1.14M	$632.09K	$360.65K
VLLU Harbor AlphaEdge Large Cap Value ETF	$4.72K	$3.59K	$3.56K

VLLU vs. DEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VLLU Harbor AlphaEdge Large Cap Value ETF	12.63%	17.35%	1.89%
DEW WisdomTree Global High Dividend Fund	19.31%	22.39%	-1.84%

Correlation

The correlation between VLLU and DEW is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.74

The correlation between VLLU and DEW has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.

VLLU vs. DEW - Sectors Allocation Comparison

Sectors	VLLU	DEW
Technology	26.0%	2.5%
Financial Services	22.6%	25.8%
Healthcare	14.5%	10.2%
Industrials	9.0%	5.0%
Communication Services	7.8%	4.0%
Energy	6.1%	14.5%
Consumer Defensive	5.8%	8.8%
Consumer Cyclical	4.7%	3.5%
Basic Materials	3.1%	2.6%
Utilities	0.5%	11.5%
Real Estate	-	11.7%

Return for Risk

VLLU vs. DEW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VLLU

VLLU Risk / Return Rank: 88
VLLU Sharpe Ratio Rank: 88
VLLU Sortino Ratio Rank: 89
VLLU Omega Ratio Rank: 86
VLLU Calmar Ratio Rank: 89
VLLU Martin Ratio Rank: 89

DEW

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VLLU vs. DEW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Large Cap Value ETF (VLLU) 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.

	VLLU	DEW	Difference
Sharpe ratio: Return per unit of total volatility	2.16	3.18	-1.02
Sortino ratio: Return per unit of downside risk	3.14	4.49	-1.36
Omega ratio: Gain probability vs. loss probability	1.38	1.58	-0.20
Calmar ratio: Return relative to maximum drawdown	3.81	4.77	-0.97
Martin ratio: Return relative to average drawdown	14.13	19.32	-5.19

VLLU vs. DEW - Sharpe Ratio Comparison

The current VLLU Sharpe Ratio is 2.16, which is lower than the DEW Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of VLLU 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.

Drawdowns

VLLU vs. DEW - Drawdown Comparison

The maximum VLLU drawdown since its inception was -16.62%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for VLLU and DEW.

Drawdown Indicators

	VLLU	DEW	Difference
Max Drawdown Largest peak-to-trough decline	-16.62%	-65.55%	+48.93%
Max Drawdown (1Y) Largest decline over 1 year	-6.33%	-6.34%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.77%	—
Current Drawdown Current decline from peak	-0.32%	-0.26%	-0.06%
Average Drawdown Average peak-to-trough decline	-2.33%	-12.34%	+10.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	1.56%	+0.14%

Volatility

VLLU vs. DEW - Volatility Comparison

Harbor AlphaEdge Large Cap Value ETF (VLLU) has a higher volatility of 2.79% compared to WisdomTree Global High Dividend Fund (DEW) at 2.21%. This indicates that VLLU'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.

Volatility by Period

	VLLU	DEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	2.21%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	7.24%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	9.55%	+1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	12.90%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	15.36%	-0.76%

VLLU vs. DEW - Expense Ratio Comparison

VLLU has a 0.25% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

VLLU vs. DEW - Dividend Comparison

VLLU's dividend yield for the trailing twelve months is around 1.35%, less than DEW's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEW WisdomTree Global High Dividend Fund	3.12%	3.71%	4.02%	4.55%	3.82%	3.55%	4.10%	3.74%	4.17%	3.18%	3.42%	4.32%
VLLU Harbor AlphaEdge Large Cap Value ETF	1.35%	1.52%	0.90%	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 VLLU and DEW in my portfolio?

VLLU and DEW have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VLLU or DEW?

VLLU has higher volatility (2.79%) compared to DEW (2.21%). In terms of maximum drawdown, VLLU dropped -16.62% vs DEW's -65.55%.

Which ETF is better, VLLU or DEW?

On 1-year performance, DEW leads with 30.52% vs 24.82% for VLLU. On fees, VLLU is cheaper at 0.25% per year. On volatility, DEW has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VLLU or DEW?

Over the 1-year period, DEW has performed better with a 30.52% return vs 24.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VLLU or DEW?

VLLU is cheaper with a 0.25% expense ratio, compared with 0.58% for DEW.

Which ETF pays a higher dividend yield, VLLU or DEW?

DEW has the higher dividend yield at 3.12%, compared with 1.35% for VLLU.

What is the main difference between VLLU and DEW?

VLLU tracks Harbor AlphaEdge Large Cap Value Index, while DEW tracks WisdomTree Global High Dividend Index. They also come from different issuers: Harbor and WisdomTree. Their fees differ too: 0.25% for VLLU and 0.58% for DEW.

Which has better risk-adjusted returns?

DEW currently has the higher Sharpe Ratio (3.18 vs 2.16), 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.