CGV vs. DDLS

Last updated Jun 5, 2026

CGV (Conductor Global Equity Value ETF) and DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) are both Foreign Small & Mid Cap Equities funds. CGV is actively managed, while DDLS is passively managed. Over the past 3 years, CGV returned 12.42%/yr vs 17.61%/yr for DDLS. A 0.76 correlation means they provide meaningful diversification when combined. CGV charges 1.25%/yr vs 0.48%/yr for DDLS.

Performance

CGV vs. DDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Conductor Global Equity Value ETF (CGV) and WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGV achieves a 11.86% return, which is significantly higher than DDLS's 6.32% return.

CGV

• 1D: -0.12%
• 1M: -1.96%
• YTD: 11.86%
• 6M: 13.63%
• 1Y: 26.76%
• 3Y*: 12.42%
• 5Y*: —
• 10Y*: —

DDLS

• 1D: 0.58%
• 1M: 1.42%
• YTD: 6.32%
• 6M: 8.85%
• 1Y: 22.43%
• 3Y*: 17.61%
• 5Y*: 9.70%
• 10Y*: 9.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGV vs. DDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGV Conductor Global Equity Value ETF	11.86%	23.11%	-3.34%	5.72%	3.44%
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	6.32%	27.97%	10.22%	15.25%	-2.27%

Correlation

The correlation between CGV and DDLS is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022	0.76

The correlation between CGV and DDLS has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

CGV vs. DDLS - Sectors Allocation Comparison

Sectors	CGV	DDLS
Basic Materials	21.1%	8.0%
Industrials	14.9%	25.1%
Consumer Defensive	14.3%	5.9%
Energy	12.7%	3.2%
Consumer Cyclical	10.1%	11.2%
Technology	9.3%	7.8%
Healthcare	5.3%	2.7%
Financial Services	4.9%	12.9%
Utilities	3.9%	2.0%
Communication Services	2.2%	3.7%
Real Estate	1.3%	6.3%

Return for Risk

CGV vs. DDLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGV

CGV Risk / Return Rank: 53
CGV Sharpe Ratio Rank: 58
CGV Sortino Ratio Rank: 54
CGV Omega Ratio Rank: 57
CGV Calmar Ratio Rank: 46
CGV Martin Ratio Rank: 49

DDLS

DDLS Risk / Return Rank: 50
DDLS Sharpe Ratio Rank: 51
DDLS Sortino Ratio Rank: 53
DDLS Omega Ratio Rank: 53
DDLS Calmar Ratio Rank: 43
DDLS Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGV vs. DDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Conductor Global Equity Value ETF (CGV) and WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CGV	DDLS	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.75	+0.16
Sortino ratio: Return per unit of downside risk	2.56	2.52	+0.04
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.22	2.11	+0.11
Martin ratio: Return relative to average drawdown	8.09	7.88	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGV vs. DDLS - Sharpe Ratio Comparison

The current CGV Sharpe Ratio is 1.91, which is comparable to the DDLS Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of CGV and DDLS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGV	DDLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	1.75	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.64	+0.12

Drawdowns

CGV vs. DDLS - Drawdown Comparison

The maximum CGV drawdown since its inception was -16.64%, smaller than the maximum DDLS drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for CGV and DDLS.

Drawdown Indicators

	CGV	DDLS	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-36.80%	+20.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.13%	-10.69%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-16.64%	-11.66%	-4.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.80%	—
Current Drawdown Current decline from peak	-3.87%	-2.65%	-1.22%
Average Drawdown Average peak-to-trough decline	-3.65%	-5.71%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.85%	+0.47%

Volatility

CGV vs. DDLS - Volatility Comparison

Conductor Global Equity Value ETF (CGV) has a higher volatility of 4.81% compared to WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) at 3.65%. This indicates that CGV's price experiences larger fluctuations and is considered to be riskier than DDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGV	DDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	3.65%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	10.54%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	12.86%	+1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	13.75%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.52%	15.59%	-2.07%

CGV vs. DDLS - Expense Ratio Comparison

CGV has a 1.25% expense ratio, which is higher than DDLS's 0.48% expense ratio.

Dividends

CGV vs. DDLS - Dividend Comparison

CGV's dividend yield for the trailing twelve months is around 4.90%, more than DDLS's 3.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CGV Conductor Global Equity Value ETF	4.90%	4.58%	2.87%	4.56%	0.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	3.52%	3.80%	4.11%	4.05%	5.44%	3.18%	3.16%	3.68%	1.75%	1.60%	3.47%

Frequently Asked Questions

Can I hold both CGV and DDLS in my portfolio?

CGV and DDLS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGV or DDLS?

CGV has higher volatility (4.81%) compared to DDLS (3.65%). In terms of maximum drawdown, CGV dropped -16.64% vs DDLS's -36.80%.

Which ETF is better, CGV or DDLS?

On 3-year performance, DDLS leads with 17.61% vs 12.42% for CGV. On fees, DDLS is cheaper at 0.48% per year. On volatility, DDLS has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CGV or DDLS?

Over the 3-year period, DDLS has performed better with a 17.61% return vs 12.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CGV or DDLS?

DDLS is cheaper with a 0.48% expense ratio, compared with 1.25% for CGV.

Which ETF pays a higher dividend yield, CGV or DDLS?

CGV has the higher dividend yield at 4.90%, compared with 3.52% for DDLS.

What is the main difference between CGV and DDLS?

They also come from different issuers: Conductor Fund and WisdomTree. Their fees differ too: 1.25% for CGV and 0.48% for DDLS.

Which has better risk-adjusted returns?

CGV currently has the higher Sharpe Ratio (1.91 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.