WTES.DE vs. HDLV.DE
WTES.DE (WisdomTree Europe SmallCap Dividend UCITS ETF) and HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) are both Dividend funds - WTES.DE tracks the WisdomTree Europe SmallCap Dividend UCITS Index Euro while HDLV.DE tracks the S&P 500 Low Volatility High Dividend Net Total Return Index. Both are passively managed. Over the past 10 years, WTES.DE returned 7.78%/yr vs 6.14%/yr for HDLV.DE. At a 0.43 correlation, their price movements are largely independent. WTES.DE charges 0.38%/yr vs 0.30%/yr for HDLV.DE.
Performance
WTES.DE vs. HDLV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTES.DE achieves a 7.78% return, which is significantly lower than HDLV.DE's 13.82% return. Over the past 10 years, WTES.DE has outperformed HDLV.DE with an annualized return of 7.78%, while HDLV.DE has yielded a comparatively lower 6.14% annualized return.
WTES.DE
- 1D
- -0.21%
- 1M
- 0.02%
- 6M
- 5.26%
- YTD
- 7.78%
- 1Y
- 11.03%
- 3Y*
- 12.58%
- 5Y*
- 5.87%
- 10Y*
- 7.78%
HDLV.DE
- 1D
- 0.71%
- 1M
- 3.67%
- 6M
- 10.54%
- YTD
- 13.82%
- 1Y
- 14.93%
- 3Y*
- 10.95%
- 5Y*
- 7.83%
- 10Y*
- 6.14%
WTES.DE vs. HDLV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 7.78% | 17.37% | 5.33% | 10.89% | -15.66% | 27.92% | -4.86% | 31.22% | -18.52% | 16.96% |
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 13.82% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 21.77% | -2.56% | -2.34% |
Correlation
The correlation between WTES.DE and HDLV.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 11, 2015 | 0.43 |
Over the past year, the correlation between WTES.DE and HDLV.DE has dropped to 0.19 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
WTES.DE vs. HDLV.DE — Risk / Return Rank
WTES.DE
HDLV.DE
WTES.DE vs. HDLV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) and Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE). 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.
| WTES.DE | HDLV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.27 | -0.82 |
| Martin ratioReturn relative to average drawdown | 4.54 | 5.78 | -1.24 |
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Drawdowns
WTES.DE vs. HDLV.DE - Drawdown Comparison
The maximum WTES.DE drawdown since its inception was -44.21%, which is greater than HDLV.DE's maximum drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for WTES.DE and HDLV.DE.
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Drawdown Indicators
| WTES.DE | HDLV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -39.21% | -5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -6.56% | -1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -19.09% | +5.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.53% | -19.99% | -6.54% |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | -39.21% | -5.00% |
Current DrawdownCurrent decline from peak | -0.84% | -1.67% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -8.69% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.58% | +0.08% |
Volatility
WTES.DE vs. HDLV.DE - Volatility Comparison
The current volatility for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) is 2.81%, while Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) has a volatility of 3.74%. This indicates that WTES.DE experiences smaller price fluctuations and is considered to be less risky than HDLV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTES.DE | HDLV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 3.74% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 8.69% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 11.17% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 13.63% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 17.11% | -0.97% |
WTES.DE vs. HDLV.DE - Expense Ratio Comparison
WTES.DE has a 0.38% expense ratio, which is higher than HDLV.DE's 0.30% expense ratio.
Dividends
WTES.DE vs. HDLV.DE - Dividend Comparison
WTES.DE's dividend yield for the trailing twelve months is around 3.82%, more than HDLV.DE's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.44% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 3.82% | 4.67% | 4.81% | 4.47% | 4.24% | 2.04% | 1.78% | 3.33% | 3.67% | 2.58% | 0.40% | 2.47% |
Frequently Asked Questions
WTES.DE and HDLV.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDLV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDLV.DE is cheaper with a 0.30% expense ratio, compared with 0.38% for WTES.DE.
WTES.DE tracks WisdomTree Europe SmallCap Dividend UCITS Index Euro, while HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.38% for WTES.DE and 0.30% for HDLV.DE.
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