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DDLS vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DDLS vs. DHS

Last updated Jun 3, 2026

DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) and DHS (WisdomTree US High Dividend 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 DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, DDLS returned 9.83%/yr vs 9.55%/yr for DHS. A 0.57 correlation means they provide meaningful diversification when combined. DDLS charges 0.48%/yr vs 0.38%/yr for DHS.

Performance

DDLS vs. DHS - 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 US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DDLS achieves a 6.61% return, which is significantly lower than DHS's 10.63% return. Both investments have delivered pretty close results over the past 10 years, with DDLS having a 9.83% annualized return and DHS not far behind at 9.55%.

DDLS

1D
0.37%
1M
2.07%
YTD
6.61%
6M
9.38%
1Y
21.82%
3Y*
17.46%
5Y*
9.97%
10Y*
9.83%

DHS

1D
0.75%
1M
-0.15%
YTD
10.63%
6M
11.97%
1Y
21.74%
3Y*
16.65%
5Y*
10.82%
10Y*
9.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DDLS vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DDLS
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund		6.61%27.97%10.22%15.25%-10.13%17.75%-2.95%24.84%-16.92%26.91%
DHS
WisdomTree US High Dividend Fund		10.63%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between DDLS and DHS is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2016

0.57

The correlation between DDLS and DHS shifts across timeframes, from 0.40 (1 year) to 0.58 (10 years), reflecting how their relationship changes across market environments.

DDLS vs. DHS - Sectors Allocation Comparison

Sectors
DDLS
DHS

Industrials

25.1%
4.1%

Financial Services

12.9%
22.3%

Consumer Cyclical

11.2%
5.0%

Basic Materials

8.0%
1.2%

Technology

7.8%
3.7%

Real Estate

6.3%
2.8%

Consumer Defensive

5.9%
18.7%

Communication Services

3.7%
9.3%

Energy

3.2%
9.4%

Healthcare

2.7%
14.5%

Utilities

2.0%
9.0%

Industrials

DDLS
25.1%
DHS
4.1%

Financial Services

DDLS
12.9%
DHS
22.3%

Consumer Cyclical

DDLS
11.2%
DHS
5.0%

Basic Materials

DDLS
8.0%
DHS
1.2%

Technology

DDLS
7.8%
DHS
3.7%

Real Estate

DDLS
6.3%
DHS
2.8%

Consumer Defensive

DDLS
5.9%
DHS
18.7%

Communication Services

DDLS
3.7%
DHS
9.3%

Energy

DDLS
3.2%
DHS
9.4%

Healthcare

DDLS
2.7%
DHS
14.5%

Utilities

DDLS
2.0%
DHS
9.0%

Compare stocks, funds, or ETFs

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WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

WisdomTree US High Dividend Fund

Often compared with DDLS:
DDLS vs. DLSDDLS vs. EPIDDLS vs. ISVLDDLS vs. SMCWXDDLS vs. AVDVDDLS vs. DISVDDLS vs. IDOG
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

DDLS vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DDLS
DDLS Risk / Return Rank: 4848
Overall Rank
DDLS Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
DDLS Sortino Ratio Rank: 4949
Sortino Ratio Rank
DDLS Omega Ratio Rank: 4949
Omega Ratio Rank
DDLS Calmar Ratio Rank: 4343
Calmar Ratio Rank
DDLS Martin Ratio Rank: 4848
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6767
Overall Rank
DHS Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 7171
Sortino Ratio Rank
DHS Omega Ratio Rank: 6262
Omega Ratio Rank
DHS Calmar Ratio Rank: 6868
Calmar Ratio Rank
DHS Martin Ratio Rank: 6868
Martin Ratio Rank
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.

DDLS vs. DHS - 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 US High Dividend Fund (DHS). 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.

DDLSDHSDifference

Sharpe ratio

Return per unit of total volatility

1.70

2.19

-0.49

Sortino ratio

Return per unit of downside risk

2.44

3.27

-0.83

Omega ratio

Gain probability vs. loss probability

1.31

1.38

-0.06

Calmar ratio

Return relative to maximum drawdown

2.21

3.47

-1.26

Martin ratio

Return relative to average drawdown

8.30

12.82

-4.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDLS vs. DHS - Sharpe Ratio Comparison

The current DDLS Sharpe Ratio is 1.70, which is comparable to the DHS Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of DDLS and DHS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DDLSDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.70

2.19

-0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.78

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.60

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.41

+0.24

Drawdowns

DDLS vs. DHS - Drawdown Comparison

The maximum DDLS drawdown since its inception was -36.80%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for DDLS and DHS.

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Drawdown Indicators

DDLSDHSDifference

Max Drawdown

Largest peak-to-trough decline

-36.80%

-67.25%

+30.45%

Max Drawdown (1Y)

Largest decline over 1 year

-10.69%

-6.30%

-4.39%

Max Drawdown (3Y)

Largest decline over 3 years

-11.66%

-11.87%

+0.21%

Max Drawdown (5Y)

Largest decline over 5 years

-19.87%

-15.28%

-4.59%

Max Drawdown (10Y)

Largest decline over 10 years

-36.80%

-37.35%

+0.55%

Current Drawdown

Current decline from peak

-2.38%

-1.94%

-0.44%

Average Drawdown

Average peak-to-trough decline

-5.71%

-9.55%

+3.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

1.70%

+1.14%

Volatility

DDLS vs. DHS - Volatility Comparison

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) has a higher volatility of 3.97% compared to WisdomTree US High Dividend Fund (DHS) at 2.88%. This indicates that DDLS's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DDLSDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.97%

2.88%

+1.09%

Volatility (6M)

Calculated over the trailing 6-month period

10.51%

7.31%

+3.20%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

9.98%

+2.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.75%

13.88%

-0.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.60%

16.08%

-0.48%

DDLS vs. DHS - Expense Ratio Comparison

DDLS has a 0.48% expense ratio, which is higher than DHS's 0.38% expense ratio.

Dividends

DDLS vs. DHS - Dividend Comparison

DDLS's dividend yield for the trailing twelve months is around 3.51%, more than DHS's 3.33% yield.

PositionTTM20252024202320222021202020192018201720162015
DDLS
WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund		3.51%3.80%4.11%4.05%5.44%3.18%3.16%3.68%1.75%1.60%3.47%0.00%
DHS
WisdomTree US High Dividend Fund		3.33%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%

Frequently Asked Questions

DDLS and DHS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DDLS has higher volatility (3.97%) compared to DHS (2.88%). In terms of maximum drawdown, DDLS dropped -36.80% vs DHS's -67.25%.

On 10-year performance, DDLS leads with 9.83% vs 9.55% for DHS. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DDLS has performed better with a 9.83% return vs 9.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DHS is cheaper with a 0.38% expense ratio, compared with 0.48% for DDLS.

DDLS has the higher dividend yield at 3.51%, compared with 3.33% for DHS.

DDLS is categorized as Foreign Small & Mid Cap Equities, while DHS is Large Cap Value Equities. DDLS tracks WisdomTree Dynamic Currency Hedged International SmallCap Equity Index, while DHS tracks WisdomTree U.S. High Dividend Index. Their fees differ too: 0.48% for DDLS and 0.38% for DHS.

DHS currently has the higher Sharpe Ratio (2.19 vs 1.70), 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.

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