DDLS vs. DGRW

Last updated Aug 2, 2026

DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - DDLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index, while DGRW is a Quality Factor fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, DDLS returned 9.82%/yr vs 13.71%/yr for DGRW. Their 0.65 correlation means they have sometimes moved together and sometimes differently. DDLS charges 0.48%/yr vs 0.28%/yr for DGRW.

Performance

DDLS vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDLS achieves a 6.18% return, which is significantly lower than DGRW's 8.57% return. Over the past 10 years, DDLS has underperformed DGRW with an annualized return of 9.82%, while DGRW has yielded a comparatively higher 13.71% annualized return.

DDLS

• 1D: -0.54%
• 1M: 0.38%
• 6M: 2.11%
• YTD: 6.18%
• 1Y: 15.89%
• 3Y*: 16.34%
• 5Y*: 9.61%
• 10Y*: 9.82%
• ALL TIME*: 9.77%

DGRW

• 1D: 0.49%
• 1M: 0.69%
• 6M: 6.01%
• YTD: 8.57%
• 1Y: 16.02%
• 3Y*: 13.97%
• 5Y*: 11.41%
• 10Y*: 13.71%
• ALL TIME*: 12.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	$690.04K	$775.99K	$927.24K
DGRW WisdomTree U.S. Quality Dividend Growth Fund	$51.03M	$48.50M	$56.54M

DDLS vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	6.18%	27.97%	10.22%	15.25%	-10.13%	17.75%	-2.95%	24.84%	-16.92%	26.91%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	8.57%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between DDLS and DGRW is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.65
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.68
Correlation (All Time) Calculated using the full available price history since Jan 7, 2016	0.65

The correlation between DDLS and DGRW has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

DDLS vs. DGRW - Sectors Allocation Comparison

Sectors	DDLS	DGRW
Industrials	28.1%	11.8%
Financial Services	13.8%	8.4%
Consumer Cyclical	12.8%	8.0%
Basic Materials	9.1%	2.8%
Technology	9.0%	33.8%
Consumer Defensive	7.7%	6.7%
Real Estate	7.5%	-
Communication Services	4.1%	11.1%
Healthcare	3.6%	12.8%
Energy	2.4%	4.5%
Utilities	2.0%	0.2%

Return for Risk

DDLS vs. DGRW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDLS

DDLS Risk / Return Rank: 47
DDLS Sharpe Ratio Rank: 49
DDLS Sortino Ratio Rank: 50
DDLS Omega Ratio Rank: 50
DDLS Calmar Ratio Rank: 42
DDLS Martin Ratio Rank: 45

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 62
DGRW Sortino Ratio Rank: 61
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 51
DGRW Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDLS vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DDLS	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.43	-0.23
Sortino ratio: Return per unit of downside risk	1.78	2.04	-0.26
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	1.48	1.79	-0.31
Martin ratio: Return relative to average drawdown	5.06	7.25	-2.19

DDLS vs. DGRW - Sharpe Ratio Comparison

The current DDLS Sharpe Ratio is 1.20, which is comparable to the DGRW Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of DDLS and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DDLS vs. DGRW - Drawdown Comparison

The maximum DDLS drawdown since its inception was -36.80%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for DDLS and DGRW.

Drawdown Indicators

	DDLS	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-36.80%	-32.04%	-4.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.69%	-8.30%	-2.39%
Max Drawdown (3Y) Largest decline over 3 years	-11.66%	-16.21%	+4.55%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-17.27%	-2.60%
Max Drawdown (10Y) Largest decline over 10 years	-36.80%	-32.04%	-4.76%
Current Drawdown Current decline from peak	-2.78%	-1.31%	-1.47%
Average Drawdown Average peak-to-trough decline	-5.67%	-3.00%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.05%	+1.08%

Volatility

DDLS vs. DGRW - Volatility Comparison

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) has a higher volatility of 3.33% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 2.92%. This indicates that DDLS's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDLS	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	2.92%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	8.33%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	10.44%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	14.01%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	16.18%	-0.73%

DDLS vs. DGRW - Expense Ratio Comparison

DDLS has a 0.48% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

DDLS vs. DGRW - Dividend Comparison

DDLS's dividend yield for the trailing twelve months is around 3.64%, more than DGRW's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	3.64%	3.80%	4.11%	4.05%	5.44%	3.18%	3.16%	3.68%	1.75%	1.60%	3.47%	0.00%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.28%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%

Frequently Asked Questions

Can I hold both DDLS and DGRW in my portfolio?

DDLS and DGRW have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDLS or DGRW?

DDLS has higher volatility (3.33%) compared to DGRW (2.92%). In terms of maximum drawdown, DDLS dropped -36.80% vs DGRW's -32.04%.

Which ETF is better, DDLS or DGRW?

On 10-year performance, DGRW leads with 13.71% vs 9.82% for DDLS. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDLS or DGRW?

Over the 10-year period, DGRW has performed better with a 13.71% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDLS or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.48% for DDLS.

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

DDLS has the higher dividend yield at 3.64%, compared with 1.28% for DGRW.

What is the main difference between DDLS and DGRW?

DDLS is categorized as Foreign Small & Mid Cap Equities, while DGRW is Quality Factor. DDLS tracks WisdomTree Dynamic Currency Hedged International SmallCap Equity Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. Their fees differ too: 0.48% for DDLS and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.43 vs 1.20), 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.