WFHY vs. DHS
WFHY (WisdomTree U.S. High Yield Corporate Bond Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - WFHY is a High Yield Bonds fund tracking the WisdomTree Fundamental U.S. High Yield Corporate Bond 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 10 years, WFHY returned 4.96%/yr vs 9.55%/yr for DHS. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.38% expense ratio.
Performance
WFHY vs. DHS - Performance Comparison
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Returns By Period
In the year-to-date period, WFHY achieves a 1.51% return, which is significantly lower than DHS's 11.10% return. Over the past 10 years, WFHY has underperformed DHS with an annualized return of 4.96%, while DHS has yielded a comparatively higher 9.55% annualized return.
WFHY
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 1.51%
- 6M
- 1.74%
- 1Y
- 7.04%
- 3Y*
- 8.17%
- 5Y*
- 3.22%
- 10Y*
- 4.96%
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%
WFHY vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 1.51% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 5.66% |
DHS WisdomTree US High Dividend Fund | 11.10% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
Correlation
The correlation between WFHY and DHS is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2016 | 0.46 |
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Return for Risk
WFHY vs. DHS — Risk / Return Rank
WFHY
DHS
WFHY vs. DHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) 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.
| WFHY | DHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 3.64 | -1.09 |
| Martin ratioReturn relative to average drawdown | 11.61 | 13.37 | -1.76 |
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
| WFHY | DHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.29 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.78 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.60 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.41 | +0.21 |
Drawdowns
WFHY vs. DHS - Drawdown Comparison
The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for WFHY and DHS.
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Drawdown Indicators
| WFHY | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -67.25% | +44.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -6.30% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -11.87% | +7.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -15.28% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -37.35% | +14.61% |
Current DrawdownCurrent decline from peak | -0.03% | -1.52% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -9.55% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.71% | -1.10% |
Volatility
WFHY vs. DHS - Volatility Comparison
The current volatility for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) is 1.07%, while WisdomTree US High Dividend Fund (DHS) has a volatility of 3.05%. This indicates that WFHY 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
| WFHY | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 3.05% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 7.36% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 10.06% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 13.90% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 16.08% | -7.88% |
WFHY vs. DHS - Expense Ratio Comparison
Both WFHY and DHS have an expense ratio of 0.38%.
Dividends
WFHY vs. DHS - Dividend Comparison
WFHY's dividend yield for the trailing twelve months is around 6.25%, 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% |
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 6.25% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% | 0.00% |
Frequently Asked Questions
WFHY and DHS have a correlation of 0.41, 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 WFHY (1.07%). In terms of maximum drawdown, WFHY dropped -22.74% vs DHS's -67.25%.
On 10-year performance, DHS leads with 9.55% vs 4.96% for WFHY. Both ETFs have the same 0.38% expense ratio. On volatility, WFHY has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DHS has performed better with a 9.55% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WFHY and DHS have the same expense ratio: 0.38% per year.
WFHY has the higher dividend yield at 6.25%, compared with 3.32% for DHS.
WFHY is categorized as High Yield Bonds, while DHS is Large Cap Value Equities. WFHY tracks WisdomTree Fundamental U.S. High Yield Corporate Bond Index, while DHS tracks WisdomTree U.S. High Dividend Index.
DHS currently has the higher Sharpe Ratio (2.29 vs 1.95), 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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