DHS
WisdomTree U.S. High Dividend Fund
WisdomTree Equity Income Fund seeks investment results that correspond to the performance of the WisdomTree Equity Income Index. The Fund invests in the highest yielding stocks of the WisdomTree Dividend Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
38 bp
EXPENSES
$1.1 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | WisdomTree ETFs/USA |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2006 |
| Assets (mns) | $1,124 |
| Expense ratio | 38 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| EXXON MOBIL CORP | 6.7 % |
| ABBVIE INC | 5.6 % |
| CHEVRON CORP | 5.1 % |
| ALTRIA GROUP INC | 4.7 % |
| INTL BUSINESS MACHINES CORP | 4.1 % |
| PHILIP MORRIS INTERNATIONAL | 3.9 % |
| MORGAN STANLEY | 2.9 % |
| CITIGROUP INC | 2.3 % |
| UNITED PARCEL SERVICE-CL B | 1.8 % |
| BRISTOL-MYERS SQUIBB CO | 1.7 % |
Constituent Breakdown
| Number of holdings | 377 |
| Herfindahl-Hirschman Index | 210 |
| Wgt avg mkt cap (mns) | $109,231 |
| Large cap (>$10bn) | 77.3% |
| Mid cap ($2-10bn) | 15.4% |
| Small cap (<$2bn) | 6.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.4 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.9% | 11.8% | 6.1% | 7.0% | 7.4% | 7.5% | 6.9% | Volatility | 12.1% | 12.8% | 15.3% | 14.6% | 19.7% | 16.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 56% |
| MSCI EAFE | 0.72 | 62% |
| MSCI Emg Mkts | 0.50 | 30% |
Liquidity Measures
| Avg. volume (000) | 24 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $49,500 |
Technical Indicators
| Recent close | $90.32 |
| 30d moving avg. | $85.91 |
| Annualized volatility | 16.0% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DHS |
Expenses vs. DHS |
ALTAR Score™ vs. DHS |
|---|---|---|---|---|
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 51.8% | +7 bp | +1.1% |
| HDV | iShares Core High Dividend ETF | 41.5% | -30 bp | +0.0% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 40.1% | -3 bp | +0.1% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 40.1% | 0 bp | +0.0% |
| DEW | WisdomTree Global High Dividend Fund | 38.7% | +20 bp | +0.6% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 38.6% | -31 bp | +0.7% |
| DURA | VanEck Durable High Dividend ETF | 38.3% | -9 bp | -1.0% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 35.0% | -8 bp | +0.4% |
| LVHD | Franklin U.S. Low Volatility High Dividend Index ETF | 31.6% | -11 bp | -0.6% |
| DVY | iShares Select Dividend ETF | 30.2% | 0 bp | +0.5% |
Risk and Returns: DHS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DHS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DHS
8.1%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.1% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. DHS's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places DHS in the 83rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DHS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| DHS (38 bp) Percentile rank | 40 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DHS | 38.0 | 4.4 | 42.4 |
| Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .