DHS vs SPY
DHS vs SPY
WisdomTree US High Dividend Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DHS delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | DHS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.09% | |
| AUM | $1.6B | $789.1B | |
| Dividend Yield | 3.19% | 1.01% | |
| Holdings | 323 | 505 | |
| YTD Return | +16.06% | +13.10% | |
| 1Y Return | +24.21% | +22.80% | |
| 3Y Return (annualized) | +16.61% | +20.98% | |
| 5Y Return (annualized) | +12.03% | +13.20% | |
| Volatility (annualized) | 16.0% | 15.3% | |
| Max Drawdown | -69.7% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 16, 2006 | Jan 22, 1993 |
DHS vs SPY Performance
WisdomTree US High Dividend Fund (DHS) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DHS returned +24.21% while SPY returned +22.80%. Year to date, DHS is up 16.06% versus a gain of 13.10% for SPY.
Over three years, DHS compounded at +16.61% per year against +20.98% for SPY; over five years the annualized figures are +12.03% and +13.20% respectively. Across the full 20-year window we track, SPY has the edge at +8.83% annualized vs +5.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DHS has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -69.7% for DHS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DHS charges 0.38% per year while SPY charges 0.09%. On a $10,000 position that is $38 vs $9 annually, a gap of $29 per year that compounds over a long holding period. On income, DHS currently yields 3.19% against 1.01% for SPY.
Holdings Overlap
DHS and SPY share 68 holdings out of 752 unique holdings combined, representing a 8.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DHS | Weight in SPY | Difference |
|---|---|---|---|
| MO | 4.95% | 0.19% | 4.76% |
| ABBV | 4.39% | 0.69% | 3.70% |
| XOM | 3.90% | 0.87% | 3.03% |
| MRK | Pro | Pro | Pro |
| PM | Pro | Pro | Pro |
| T | Pro | Pro | Pro |
| PEP | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
See all 10 holdings DHS shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, DHS or SPY?
DHS has an expense ratio of 0.38% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, DHS or SPY?
Over the past year DHS returned +24.21% vs +22.80% for SPY, so DHS leads on 1-year performance. Over the longest common window we track (20 years), DHS annualized +5.33% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, DHS or SPY?
DHS has been the more volatile fund at 16.0% annualized versus 15.3% for SPY. Worst drawdown: DHS -69.7% vs SPY -56.5%.
Should I hold both DHS and SPY?
DHS and SPY have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DHS and SPY?
DHS and SPY share 68 common holdings with a 8.7% weight overlap. Combined, they hold 752 unique securities.
Which pays a higher dividend, DHS or SPY?
DHS yields 3.19% while SPY yields 1.01%, so DHS currently pays the higher dividend yield.
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