CMBS vs DNL

Comparison between ISHARES CMBS ETF (CMBS, ETF) and WISDOMTREE GLOBAL EX-U.S. QUALITY DIVIDEND GROWTH FUND (DNL, ETF).

5-Year PerformanceDNL has outperformed CMBS, delivering a return of +4.2% compared to +0.8%

CMBS vs DNL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CMBS(ETF)	DNL(ETF)
Net Assets	$482M	$484M
Expense Ratio	0.25%	0.42%
Max Drawdown	20.92%	46.89%
Sharpe Ratio	0.15	0.73
5Y Beta	-0.00	0.87
5Y Dividends CAGR	3.22%	4.30%

Net Assets

CMBS

$482M

Winner

DNL

$484M

Expense Ratio

Winner

CMBS

0.25%

DNL

0.42%

Max Drawdown

Winner

CMBS

20.92%

DNL

46.89%

Sharpe Ratio

CMBS

0.15

Winner

DNL

0.73

5Y Beta

Winner

CMBS

-0.00

DNL

0.87

5Y Dividends CAGR

CMBS

3.22%

Winner

DNL

4.30%

CMBS vs DNL - Historical Returns

Returns include dividend reinvestment.

Period	CMBS	DNL
1 month	+0.28%	+6.65%
3 months	+0.17%	+11.49%
6 months	+0.86%	+13.63%
1 year	+4.23%	+18.86%
5 years(CAGR)	+0.76%	+4.17%
10 years(CAGR)	+2.02%	+9.72%
Max(CAGR)	+2.39%	+5.59%

CMBS

+0.28%

Winner

DNL

+6.65%

CMBS

+0.17%

Winner

DNL

+11.49%

CMBS

+0.86%

Winner

DNL

+13.63%

CMBS

+4.23%

Winner

DNL

+18.86%

5Y(CAGR)

CMBS

+0.76%

Winner

DNL

+4.17%

10Y(CAGR)

CMBS

+2.02%

Winner

DNL

+9.72%

Max(CAGR)

CMBS

+2.39%

Winner

DNL

+5.59%

CMBS vs DNL - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	CMBS	DNL
2026	+0.29%	+10.59%
2025	+7.26%	+17.01%
2024	+4.46%	+0.89%
2023	+5.03%	+15.87%
2022	-10.84%	-22.43%
2021	-1.82%	+14.86%
2020	+7.84%	+17.43%
2019	+7.93%	+36.77%
2018	+1.05%	-14.91%
2017	+3.29%	+30.54%
2016	+3.06%	+7.70%
2015	+0.69%	-5.73%
2014	+2.56%	+1.81%
2013	+0.39%	-2.93%
2012	+4.54%	+14.82%
2011	N/A	-12.93%
2010	N/A	+11.36%
2009	N/A	+11.80%
2008	N/A	-12.77%
2007	N/A	-7.77%
2006	N/A	+16.08%

CMBS vs DNL Drawdown Comparison

The maximum drawdown for CMBS was -15.87%, occurring on Nov 3, 2022. Recovery took 1014 trading sessions.

The maximum drawdown for DNL was -44.52%, occurring on Mar 9, 2009. Recovery took 1013 trading sessions.

The current CMBS drawdown is -1.48%.

Rank	CMBS	DNL
#1	-15.87% Jul 20, 2021 - Aug 4, 2025	-44.52% Mar 23, 2007 - Mar 30, 2011
#2	-9.89% Mar 9, 2020 - Jul 30, 2020	-34.88% Jan 4, 2022 - Jul 10, 2024
#3	-4.94% Sep 7, 2016 - Sep 5, 2017	-32.18% Jan 17, 2020 - Aug 12, 2020
#4	-3.82% Sep 7, 2017 - Jan 3, 2019	-30.09% Apr 29, 2011 - Jul 3, 2014
#5	-3.33% May 21, 2013 - Apr 14, 2014	-25.01% May 15, 2015 - May 5, 2017
#6	-2.55% Jan 29, 2021 - Jul 20, 2021	-22.35% Jan 26, 2018 - Oct 28, 2019
#7	-2.44% Feb 27, 2026 - Mar 27, 2026	-20.15% Jul 12, 2024 - Jun 27, 2025
#8	-2.20% Feb 2, 2015 - Oct 14, 2015	-12.42% Feb 25, 2026 - Apr 17, 2026
#9	-2.05% Oct 14, 2015 - Jan 20, 2016	-11.75% Jul 7, 2014 - Apr 24, 2015
#10	-2.04% Sep 4, 2019 - Jan 27, 2020	-8.39% Sep 3, 2021 - Jan 4, 2022
#11	-1.84% Feb 11, 2016 - Apr 1, 2016	-7.04% Feb 16, 2021 - Apr 16, 2021
#12	-1.82% Jul 3, 2012 - Jul 25, 2012	-6.75% Oct 12, 2020 - Nov 5, 2020
#13	-1.60% Mar 7, 2012 - Jun 26, 2012	-6.53% Oct 27, 2025 - Jan 2, 2026
#14	-1.54% Oct 2, 2020 - Dec 11, 2020	-6.20% Jul 11, 2006 - Aug 10, 2006
#15	-1.38% Nov 28, 2014 - Jan 7, 2015	-6.19% Jul 23, 2025 - Sep 16, 2025

Correlation

Correlation between CMBS and DNL is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2006 - 2026)

CMBS vs DNL dividend yield comparison.

Year	CMBS	DNL
2026	1.51%	0.04%
2025	3.45%	2.06%
2024	3.31%	2.30%
2023	2.97%	1.81%
2022	2.65%	4.82%
2021	2.46%	1.38%
2020	2.83%	1.76%
2019	2.74%	1.93%
2018	2.70%	2.55%
2017	2.50%	1.86%
2016	2.29%	2.51%
2015	2.31%	1.98%
2014	2.15%	2.37%
2013	2.00%	2.30%
2012	2.22%	2.71%
2011	0.00%	3.19%
2010	0.00%	2.59%
2009	0.00%	2.81%
2008	0.00%	2.34%
2007	0.00%	1.88%
2006	0.00%	0.59%