DDLS vs. IBM
DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) is Foreign Small & Mid Cap Equities fund tracking the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index, while IBM (International Business Machines Corporation) is a stock. Over the past 10 years, DDLS returned 9.67%/yr vs 11.12%/yr for IBM. At a 0.40 correlation, their price movements are largely independent.
Performance
DDLS vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, DDLS achieves a 4.43% return, which is significantly higher than IBM's -9.38% return. Over the past 10 years, DDLS has underperformed IBM with an annualized return of 9.67%, while IBM has yielded a comparatively higher 11.12% annualized return.
DDLS
- 1D
- -1.41%
- 1M
- -1.69%
- YTD
- 4.43%
- 6M
- 5.16%
- 1Y
- 19.70%
- 3Y*
- 17.27%
- 5Y*
- 9.74%
- 10Y*
- 9.67%
IBM
- 1D
- 5.04%
- 1M
- 4.37%
- YTD
- -9.38%
- 6M
- -11.64%
- 1Y
- -6.04%
- 3Y*
- 31.13%
- 5Y*
- 18.30%
- 10Y*
- 11.12%
DDLS vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 4.43% | 27.97% | 10.22% | 15.25% | -10.13% | 17.75% | -2.95% | 24.84% | -16.92% | 26.91% |
IBM International Business Machines Corporation | -9.38% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between DDLS and IBM is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2016 | 0.40 |
The correlation between DDLS and IBM shifts across timeframes, from 0.23 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
DDLS vs. IBM — Risk / Return Rank
DDLS
IBM
DDLS vs. IBM - 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 International Business Machines Corporation (IBM). 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 | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.01 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.20 | +2.05 |
| Martin ratioReturn relative to average drawdown | 6.69 | -0.41 | +7.10 |
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Drawdowns
DDLS vs. IBM - Drawdown Comparison
The maximum DDLS drawdown since its inception was -36.80%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for DDLS and IBM.
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Drawdown Indicators
| DDLS | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.80% | -69.40% | +32.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -30.96% | +20.27% |
Max Drawdown (3Y)Largest decline over 3 years | -11.66% | -30.96% | +19.30% |
Max Drawdown (5Y)Largest decline over 5 years | -19.87% | -30.96% | +11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.80% | -40.59% | +3.79% |
Current DrawdownCurrent decline from peak | -4.38% | -19.53% | +15.15% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -20.12% | +14.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 14.74% | -11.79% |
Volatility
DDLS vs. IBM - Volatility Comparison
The current volatility for WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) is 4.47%, while International Business Machines Corporation (IBM) has a volatility of 20.08%. This indicates that DDLS experiences smaller price fluctuations and is considered to be less risky than IBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDLS | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 20.08% | -15.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 35.49% | -24.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.31% | 40.19% | -26.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 27.37% | -13.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 26.65% | -11.06% |
Dividends
DDLS vs. IBM - Dividend Comparison
DDLS's dividend yield for the trailing twelve months is around 3.59%, more than IBM's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 3.59% | 3.80% | 4.11% | 4.05% | 5.44% | 3.18% | 3.16% | 3.68% | 1.75% | 1.60% | 3.47% | 0.00% |
IBM International Business Machines Corporation | 2.54% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Frequently Asked Questions
DDLS and IBM have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (20.08%) compared to DDLS (4.47%). In terms of maximum drawdown, DDLS dropped -36.80% vs IBM's -69.40%.
DDLS currently has the higher Sharpe Ratio (1.49 vs -0.15), 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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