WisdomTree High-Yield ETF Stands Apart

The 20 new WisdomTree exchange-traded funds are causing quite a buzz in the ETF world. The big macro idea of the funds, which were launched in June, is to emphasize dividends rather than market cap in determining components.

WisdomTree, which has another 10 ETFs in the pipeline, has mountains of research providing evidence that dividend-paying stocks outperform the rest of the market over long periods of time.

Among WisdomTree's offerings were the first ETFs tracking foreign high-yielding equity funds. But one of the funds that caught my eye was the domestic-based WisdomTree High-Yielding Equity Fund (DHS Quote), or DHS.

The fund's holdings and concept are similar to the other large-cap dividend ETFs, including the iShares Dow Jones Select Dividend Index (DVY Quote) fund and the streetTRACKS SPDR Dividend (SDY Quote) ETF. But DHS's top-heavy weighting and sector makeup are big variables in evaluating the fund compared with the others. ...