DFNM vs DES
Comparison between DIMENSIONAL NATIONAL MUNICIPAL BOND ETF (DFNM, ETF) and WISDOMTREE U.S. SMALLCAP DIVIDEND FUND (DES, ETF).
5-Year PerformanceDES has outperformed DFNM, delivering a return of +7.4% compared to +1.5%
DFNM vs DES - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
DFNM vs DES - Historical Returns
Returns include dividend reinvestment.
DFNM vs DES - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | DFNM | DES |
|---|---|---|
| 2026 | +1.49% | +19.93% |
| 2025 | +3.78% | +0.96% |
| 2024 | +1.36% | +9.71% |
| 2023 | +3.88% | +16.28% |
| 2022 | -3.96% | -11.65% |
| 2021 | +0.47% | +27.88% |
| 2020 | N/A | -3.69% |
| 2019 | N/A | +19.33% |
| 2018 | N/A | -13.42% |
| 2017 | N/A | +8.08% |
| 2016 | N/A | +33.60% |
| 2015 | N/A | -5.29% |
| 2014 | N/A | +8.94% |
| 2013 | N/A | +32.90% |
| 2012 | N/A | +16.16% |
| 2011 | N/A | -3.63% |
| 2010 | N/A | +24.59% |
| 2009 | N/A | +20.08% |
| 2008 | N/A | -27.07% |
| 2007 | N/A | -12.85% |
| 2006 | N/A | +16.40% |
DFNM vs DES Drawdown Comparison
The maximum drawdown for DFNM was -6.99%, occurring on Oct 31, 2022. Recovery took 637 trading sessions.
The maximum drawdown for DES was -65.45%, occurring on Mar 9, 2009. Recovery took 1178 trading sessions.
The current DFNM drawdown is -0.17%.
| Rank | DFNM | DES |
|---|---|---|
| #1 | -6.99% Dec 30, 2021 - Jul 16, 2024 | -65.45% Jun 4, 2007 - Feb 3, 2012 |
| #2 | -2.79% Mar 3, 2025 - Sep 4, 2025 | -45.63% Aug 21, 2018 - Jan 14, 2021 |
| #3 | -1.84% Feb 27, 2026 - Mar 26, 2026 | -25.16% Nov 25, 2024 - Feb 4, 2026 |
| #4 | -1.41% Oct 2, 2024 - Dec 2, 2024 | -21.70% Jan 4, 2022 - Dec 14, 2023 |
| #5 | -1.33% Dec 6, 2024 - Feb 25, 2025 | -19.34% Jun 23, 2015 - Apr 26, 2016 |
| #6 | -0.43% Aug 5, 2024 - Sep 3, 2024 | -9.64% Jan 23, 2018 - Jun 4, 2018 |
| #7 | -0.24% Sep 22, 2025 - Oct 8, 2025 | -9.47% Jul 1, 2014 - Nov 5, 2014 |
| #8 | -0.21% Nov 11, 2025 - Nov 20, 2025 | -9.36% Jun 8, 2021 - Nov 3, 2021 |
| #9 | -0.20% Nov 30, 2021 - Dec 20, 2021 | -9.15% Apr 2, 2012 - Jul 3, 2012 |
| #10 | -0.19% Oct 22, 2025 - Nov 11, 2025 | -9.09% Sep 14, 2012 - Dec 20, 2012 |
| #11 | -0.18% Jan 16, 2026 - Jan 28, 2026 | -8.96% Jul 31, 2024 - Oct 16, 2024 |
| #12 | -0.13% Jul 30, 2024 - Aug 1, 2024 | -8.17% Nov 15, 2021 - Jan 4, 2022 |
| #13 | -0.13% Sep 17, 2024 - Sep 25, 2024 | -7.64% Feb 20, 2026 - Apr 9, 2026 |
| #14 | -0.12% Jul 18, 2024 - Jul 30, 2024 | -7.50% Dec 27, 2023 - Mar 28, 2024 |
| #15 | -0.12% Dec 1, 2025 - Dec 15, 2025 | -7.44% Sep 7, 2016 - Nov 11, 2016 |
Correlation
Correlation between DFNM and DES is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2006 - 2026)
DFNM vs DES dividend yield comparison.
| Year | DFNM | DES |
|---|---|---|
| 2026 | 1.29% | 0.53% |
| 2025 | 2.94% | 2.85% |
| 2024 | 2.74% | 2.81% |
| 2023 | 2.39% | 2.65% |
| 2022 | 1.16% | 2.89% |
| 2021 | 0.05% | 2.31% |
| 2020 | 0.00% | 2.75% |
| 2019 | 0.00% | 2.68% |
| 2018 | 0.00% | 3.65% |
| 2017 | 0.00% | 2.89% |
| 2016 | 0.00% | 2.70% |
| 2015 | 0.00% | 3.09% |
| 2014 | 0.00% | 2.68% |
| 2013 | 0.00% | 2.45% |
| 2012 | 0.00% | 4.04% |
| 2011 | 0.00% | 3.38% |
| 2010 | 0.00% | 3.57% |
| 2009 | 0.00% | 3.60% |
| 2008 | 0.00% | 6.09% |
| 2007 | 0.00% | 3.78% |
| 2006 | 0.00% | 1.82% |
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