Data as of Oct 28, 2026.
DON vs USVM: Differences, Returns & Fees
Over the year to Oct 28, 2026, DON returned +12.8% to USVM's +19.6%; 21% of their weight is in the same names.
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Net assets on Jun 30, 2026: $4.0bn for WisdomTree U.S. MidCap Dividend Fund and $1.7bn for VictoryShares US Small Mid Cap Value Momentum ETF.
Pair scorecard
USVM costs 0.09 points a year less; their one-year returns differ by 6.8 points; DON is 2.4 times larger.
| Measure | DON | USVM |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.8% | +19.6% |
| Drawdown | ||
| Below its high | 3.6%, high on Aug 14, 2026 | 5.3%, high on Aug 4, 2026 |
| Benchmark | ||
| What it tracks | WisdomTree U.S. MidCap Dividend Index | Nasdaq Victory US Small Mid Cap Value Momentum Index |
| Cost and size | ||
| Expense ratio | 0.38% | 0.29% |
| Net assets, as of Jun 30, 2026 | $4.0bn | $1.7bn |
| Holdings | ||
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 10.7% | 6.9% |
Holdings in common uses holdings dated Jun 30, 2026. Method
Risk and return
Nov 3, 2017 to Oct 23, 2026 · 468 weekly returnsUSVM returned more: +142.9% to +110.9%. DON swung slightly less: 21.4% to 22.3%. USVM fell slightly less at its worst: −41.3% to −44.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DON | USVM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +110.9% | +142.9% | USVM | Price change plus distributions, reinvested. |
| Annualized | +8.6% | +10.4% | USVM | Total return as a yearly rate. |
| Price return | +68.3% | +110.2% | USVM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.4% | 22.3% | DON (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.4% | 15.7% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −44.1% | −41.3% | USVM (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.37 | 0.43 | USVM | Return above Treasury bills per unit of volatility. |
| Sortino | 0.51 | 0.62 | USVM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.20 | 0.25 | USVM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 468 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DON and USVM hold 21% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
21% in common
Only in one fund ↓
Side by side
DON and USVM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DON and USVM are built for the same job. How do they differ in cost, holdings and results?
- What each follows. DON follows WisdomTree U.S. MidCap Dividend Index and USVM follows Nasdaq Victory US Small Mid Cap Value Momentum Index.
- Holdings in common. 21% of the weight is in the same securities (holdings dated Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DON returned +12.8% and USVM +19.6% with distributions reinvested, a gap of 6.8 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
DON tracks an index. The prospectus expense ratio is 0.38% a year. By its holdings filed for Jun 30, 2026, 28% of the fund by weight is stocks the S&P 500 also holds, across 294 positions, with the top ten at 10.7%. It sat 3.6% below its high of Aug 14, 2026 on Oct 28, 2026.
USVM
USVM tracks an index. Over the year to Oct 28, 2026 it returned +19.6% with distributions reinvested. The prospectus expense ratio is 0.29% a year. By its holdings filed for Jun 30, 2026, 5% of the fund by weight is stocks the S&P 500 also holds, across 288 positions, with the top ten at 6.9%. It sat 5.3% below its high of Aug 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DON or USVM?
- In the year to Oct 28, 2026, with distributions reinvested, DON returned +12.8% and USVM +19.6%.
- Which is cheaper, DON or USVM?
- USVM is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DON against USVM, data as of Oct 28, 2026. https://etfiq.com/compare/any/don-vs-usvm
ETFIQ. (Oct 28, 2026). DON against USVM. Retrieved from https://etfiq.com/compare/any/don-vs-usvm
[DON against USVM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/don-vs-usvm)
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