DNL vs VCV

Comparison between WISDOMTREE GLOBAL EX-U.S. QUALITY GROWTH FUND (DNL, ETF) and Invesco California Value Municipal Income Trust (VCV, ETF).

5-Year PerformanceDNL has outperformed VCV, delivering a return of +4.3% compared to -0.1%

DNL vs VCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DNL(ETF)	VCV(ETF)
Net Assets	$483M	$483M
Expense Ratio	0.42%	N/A
Max Drawdown	46.89%	63.94%
Sharpe Ratio	0.87	0.63
5Y Beta	0.88	0.12
5Y Dividends CAGR	4.15%	8.06%

Net Assets

Winner

DNL

$483M

VCV

$483M

Expense Ratio

DNL

0.42%

VCV

N/A

Max Drawdown

Winner

DNL

46.89%

VCV

63.94%

Sharpe Ratio

Winner

DNL

0.87

VCV

0.63

5Y Beta

DNL

0.88

Winner

VCV

0.12

5Y Dividends CAGR

DNL

4.15%

Winner

VCV

8.06%

DNL vs VCV - Historical Returns

Returns include dividend reinvestment.

Period	DNL	VCV
1 month	+6.03%	+0.71%
3 months	+4.96%	+1.05%
6 months	+7.21%	-3.74%
1 year	+20.49%	+10.45%
5 years(CAGR)	+4.26%	-0.07%
10 years(CAGR)	+9.13%	+2.42%
Max(CAGR)	+5.60%	+5.11%

Winner

DNL

+6.03%

VCV

+0.71%

Winner

DNL

+4.96%

VCV

+1.05%

Winner

DNL

+7.21%

VCV

-3.74%

Winner

DNL

+20.49%

VCV

+10.45%

5Y(CAGR)

Winner

DNL

+4.26%

VCV

-0.07%

10Y(CAGR)

Winner

DNL

+9.13%

VCV

+2.42%

Max(CAGR)

Winner

DNL

+5.60%

VCV

+5.11%

DNL vs VCV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DNL	VCV
2026	+12.07%	-1.32%
2025	+17.01%	+7.58%
2024	+0.89%	+18.51%
2023	+15.87%	+6.44%
2022	-22.43%	-28.13%
2021	+14.86%	+10.23%
2020	+17.43%	+7.95%
2019	+36.77%	+16.48%
2018	-14.91%	-5.26%
2017	+30.54%	+8.65%
2016	+7.70%	-3.54%
2015	-5.73%	+8.92%
2014	+1.81%	+20.40%
2013	-2.93%	-12.87%
2012	+14.82%	+12.78%
2011	-12.93%	+23.63%
2010	+11.36%	+1.94%
2009	+11.80%	+55.43%
2008	-12.77%	-45.40%
2007	-7.77%	+1.50%
2006	+16.08%	+11.44%
2005	N/A	+7.67%
2004	N/A	-6.37%
2003	N/A	+14.77%
2002	N/A	+10.83%
2001	N/A	+8.40%
2000	N/A	+10.38%
1999	N/A	-0.87%

DNL vs VCV Drawdown Comparison

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

The maximum drawdown for VCV was -58.93%, occurring on Dec 15, 2008. Recovery took 829 trading sessions.

The current DNL drawdown is -0.88%. The current VCV drawdown is -3.74%.

Rank	DNL	VCV
#1	-44.52% Mar 23, 2007 - Mar 30, 2011	-58.93% May 11, 2007 - Aug 25, 2010
#2	-34.88% Jan 4, 2022 - Jul 10, 2024	-38.54% Nov 12, 2021 - Feb 27, 2026
#3	-32.18% Jan 17, 2020 - Aug 12, 2020	-31.73% Feb 21, 2020 - Dec 18, 2020
#4	-30.09% Apr 29, 2011 - Jul 3, 2014	-21.75% Aug 17, 2012 - Dec 2, 2014
#5	-25.01% May 15, 2015 - May 5, 2017	-18.38% Sep 8, 2010 - Oct 31, 2011
#6	-22.35% Jan 26, 2018 - Oct 28, 2019	-18.02% Jul 8, 2016 - Jun 20, 2019
#7	-20.15% Jul 12, 2024 - Jun 27, 2025	-17.84% Mar 17, 2004 - Jul 29, 2005
#8	-12.42% Feb 25, 2026 - Apr 17, 2026	-10.15% Mar 2, 2012 - May 4, 2012
#9	-11.75% Jul 7, 2014 - Apr 24, 2015	-8.93% Nov 8, 1999 - Apr 6, 2000
#10	-8.39% Sep 3, 2021 - Jan 4, 2022	-8.45% Sep 3, 2019 - Feb 6, 2020
#11	-7.04% Feb 16, 2021 - Apr 16, 2021	-8.29% Feb 27, 2026 - Apr 6, 2026
#12	-6.75% Oct 12, 2020 - Nov 5, 2020	-8.25% Feb 2, 2015 - Oct 30, 2015
#13	-6.53% Oct 27, 2025 - Jan 2, 2026	-8.00% Apr 11, 2000 - Jun 20, 2000
#14	-6.20% Jul 11, 2006 - Aug 10, 2006	-7.94% Sep 15, 2021 - Nov 8, 2021
#15	-6.19% Jul 23, 2025 - Sep 16, 2025	-7.93% Feb 15, 2001 - Jul 24, 2001

Correlation

Correlation between DNL and VCV is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2000 - 2026)

DNL vs VCV dividend yield comparison.

Year	DNL	VCV
2026	0.41%	4.92%
2025	2.06%	6.96%
2024	2.30%	5.76%
2023	1.81%	4.16%
2022	4.82%	5.46%
2021	1.38%	4.09%
2020	1.76%	4.07%
2019	1.93%	4.43%
2018	2.55%	5.46%
2017	1.86%	5.10%
2016	2.51%	5.86%
2015	1.98%	5.98%
2014	2.37%	6.16%
2013	2.30%	6.95%
2012	2.71%	6.42%
2011	3.19%	7.09%
2010	2.59%	8.09%
2009	2.81%	7.46%
2008	2.34%	11.06%
2007	1.88%	5.32%
2006	0.59%	5.55%
2005	0.00%	7.45%
2004	0.00%	7.40%
2003	0.00%	8.70%
2002	0.00%	6.74%
2001	0.00%	5.92%
2000	0.00%	2.37%