DDLS vs. HSCZ

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) and iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ).

DDLS and HSCZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DDLS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index. It was launched on Jan 7, 2016. HSCZ is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Small-Cap 100% Hedged to USD Index. It was launched on Jun 29, 2015. Both DDLS and HSCZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DDLS vs. HSCZ - 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 iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ). The values are adjusted to include any dividend payments, if applicable.

DDLS vs. HSCZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	1.35%	27.97%	10.22%	15.25%	-10.13%	17.75%	-2.95%	24.84%	-16.92%	26.91%
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF	1.96%	25.74%	12.89%	17.03%	-11.46%	17.75%	6.40%	27.89%	-13.99%	24.52%

Returns By Period

In the year-to-date period, DDLS achieves a 1.35% return, which is significantly lower than HSCZ's 1.96% return. Over the past 10 years, DDLS has underperformed HSCZ with an annualized return of 9.66%, while HSCZ has yielded a comparatively higher 11.13% annualized return.

DDLS

• 1D: 3.60%
• 1M: -7.10%
• YTD: 1.35%
• 6M: 4.68%
• 1Y: 27.90%
• 3Y*: 15.63%
• 5Y*: 9.60%
• 10Y*: 9.66%

HSCZ

• 1D: 2.14%
• 1M: -6.61%
• YTD: 1.96%
• 6M: 7.54%
• 1Y: 27.45%
• 3Y*: 16.89%
• 5Y*: 9.84%
• 10Y*: 11.13%

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

DDLS vs. HSCZ - Expense Ratio Comparison

DDLS has a 0.48% expense ratio, which is higher than HSCZ's 0.43% expense ratio.

DDLS

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

HSCZ

iShares Currency Hedged MSCI EAFE Small Cap ETF

Return for Risk

DDLS vs. HSCZ — Risk / Return Rank

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

DDLS

DDLS Risk / Return Rank: 87
DDLS Sharpe Ratio Rank: 86
DDLS Sortino Ratio Rank: 88
DDLS Omega Ratio Rank: 89
DDLS Calmar Ratio Rank: 84
DDLS Martin Ratio Rank: 86

HSCZ

HSCZ Risk / Return Rank: 90
HSCZ Sharpe Ratio Rank: 89
HSCZ Sortino Ratio Rank: 91
HSCZ Omega Ratio Rank: 93
HSCZ Calmar Ratio Rank: 86
HSCZ Martin Ratio Rank: 88

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. HSCZ - 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 iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ). 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.

	DDLS	HSCZ	Difference
Sharpe ratio Return per unit of total volatility	1.77	1.92	-0.14
Sortino ratio Return per unit of downside risk	2.45	2.62	-0.17
Omega ratio Gain probability vs. loss probability	1.37	1.41	-0.04
Calmar ratio Return relative to maximum drawdown	2.47	2.61	-0.14
Martin ratio Return relative to average drawdown	10.02	10.63	-0.61
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. HSCZ - Sharpe Ratio Comparison

The current DDLS Sharpe Ratio is 1.77, which is comparable to the HSCZ Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of DDLS and HSCZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DDLS	HSCZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	1.92	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.74	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.71	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.62	0.00

Correlation

The correlation between DDLS and HSCZ is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DDLS vs. HSCZ - Dividend Comparison

DDLS's dividend yield for the trailing twelve months is around 3.70%, more than HSCZ's 3.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	3.70%	3.80%	4.11%	4.05%	5.44%	3.18%	3.16%	3.68%	1.75%	1.60%	3.47%	0.00%
HSCZ iShares Currency Hedged MSCI EAFE Small Cap ETF	3.19%	3.25%	3.26%	2.98%	26.91%	2.90%	1.46%	4.66%	6.15%	2.52%	2.57%	1.75%

Drawdowns

DDLS vs. HSCZ - Drawdown Comparison

The maximum DDLS drawdown since its inception was -36.80%, which is greater than HSCZ's maximum drawdown of -34.89%. Use the drawdown chart below to compare losses from any high point for DDLS and HSCZ.

Drawdown Indicators

	DDLS	HSCZ	Difference
Max Drawdown Largest peak-to-trough decline	-36.80%	-34.89%	-1.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.69%	-9.88%	-0.81%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-20.11%	+0.24%
Max Drawdown (10Y) Largest decline over 10 years	-36.80%	-34.89%	-1.91%
Current Drawdown Current decline from peak	-7.20%	-6.61%	-0.59%
Average Drawdown Average peak-to-trough decline	-5.74%	-4.70%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.44%	+0.19%

Volatility

DDLS vs. HSCZ - Volatility Comparison

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) has a higher volatility of 7.18% compared to iShares Currency Hedged MSCI EAFE Small Cap ETF (HSCZ) at 5.41%. This indicates that DDLS's price experiences larger fluctuations and is considered to be riskier than HSCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDLS	HSCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	5.41%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	8.49%	+1.45%
Volatility (1Y) Calculated over the trailing 1-year period	15.85%	14.44%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	13.37%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	15.65%	-0.06%