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The WisdomTree U.S. High Dividend ETF (DHS) is an exchange-traded fund that seeks to track the performance of an index composed of U.S. equities with high dividend yields. The ETF is managed by WisdomTree Investments, Inc. and trades under the ticker DHS on NYSE Arca.
Classified as an international equity ETF focused on dividends, DHS aims to reflect, before fees and expenses, the performance of the stocks included in its benchmark index. To achieve this objective, the fund follows a passive management strategy, maintaining a portfolio that seeks to replicate the stock selection and weighting methodology defined by the index.
DHS’s benchmark index is composed of U.S. equities with high dividend yield, adjusted based on cash flow criteria and weighted according to eligible dividend distributions. The index undergoes periodic rebalancing to maintain adherence to its methodology.
Diversification and sector exposure
DHS provides exposure to the U.S. equity market, with an emphasis on companies historically known for higher dividend payments, across sectors such as:
Financials.
Consumer staples.
Energy.
Health care.
Utilities.
Industrials.
This composition prioritizes companies with consistent cash generation and dividend payments, potentially resulting in a more income-oriented profile for long-term investors.
Structure and costs
Shares of DHS are traded on the secondary market, while creation and redemption of shares are carried out by authorized participants, a mechanism that helps keep the ETF’s market price close to its net asset value (NAV).
The fund features a competitive expense ratio, typical of dividend-focused ETFs, and does not charge a performance fee. DHS makes periodic income distributions, derived from dividends paid by the companies held in its portfolio. The ETF has a single share class and trades exclusively under the ticker DHS.
History and evolution of the ETF
The WisdomTree U.S. High Dividend ETF was launched in 2006, amid growing interest in income-oriented investment strategies within the U.S. equity market.
Since its inception, DHS has established liquidity and relevance among investors seeking steady income, navigating multiple market cycles and macroeconomic events that affected dividend payments across U.S. companies.
Between 2020 and 2024, the ETF reflected changes in dividend yields in response to equity market volatility and monetary policy cycles, maintaining broad adoption among institutional and individual investors focused on income generation.
