DGRS vs. DLS

Last updated Jun 4, 2026

DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) and DLS (WisdomTree International SmallCap Dividend) are both exchange-traded funds - DGRS is a Small Cap Value Equities fund tracking the WisdomTree U.S. SmallCap Quality Dividend Growth Index, while DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index. Both are passively managed. Over the past 10 years, DGRS returned 9.61%/yr vs 7.46%/yr for DLS. A 0.64 correlation means they provide meaningful diversification when combined. DGRS charges 0.38%/yr vs 0.58%/yr for DLS.

Performance

DGRS vs. DLS - Performance Comparison

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

Returns By Period

In the year-to-date period, DGRS achieves a 13.56% return, which is significantly higher than DLS's 6.63% return. Over the past 10 years, DGRS has outperformed DLS with an annualized return of 9.61%, while DLS has yielded a comparatively lower 7.46% annualized return.

DGRS

• 1D: -1.02%
• 1M: 0.29%
• YTD: 13.56%
• 6M: 12.71%
• 1Y: 25.18%
• 3Y*: 13.73%
• 5Y*: 5.89%
• 10Y*: 9.61%

DLS

• 1D: -0.94%
• 1M: 0.80%
• YTD: 6.63%
• 6M: 9.37%
• 1Y: 22.56%
• 3Y*: 17.27%
• 5Y*: 6.55%
• 10Y*: 7.46%

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

DGRS vs. DLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	13.56%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	7.25%
DLS WisdomTree International SmallCap Dividend	6.63%	34.11%	3.06%	15.33%	-17.31%	11.71%	-1.28%	22.20%	-18.95%	31.83%

Correlation

The correlation between DGRS and DLS is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 26, 2013	0.64

The correlation between DGRS and DLS has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.

DGRS vs. DLS - Sectors Allocation Comparison

Sectors	DGRS	DLS
Financial Services	24.8%	13.3%
Industrials	19.0%	27.8%
Consumer Cyclical	16.5%	12.8%
Energy	12.0%	3.0%
Technology	8.7%	8.4%
Basic Materials	7.6%	8.9%
Consumer Defensive	6.3%	7.9%
Communication Services	2.0%	4.4%
Real Estate	1.7%	7.8%
Healthcare	1.3%	3.7%
Utilities	0.2%	2.1%

Return for Risk

DGRS vs. DLS — Risk / Return Rank

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

DGRS

DGRS Risk / Return Rank: 44
DGRS Sharpe Ratio Rank: 40
DGRS Sortino Ratio Rank: 43
DGRS Omega Ratio Rank: 38
DGRS Calmar Ratio Rank: 52
DGRS Martin Ratio Rank: 48

DLS

DLS Risk / Return Rank: 46
DLS Sharpe Ratio Rank: 48
DLS Sortino Ratio Rank: 48
DLS Omega Ratio Rank: 48
DLS Calmar Ratio Rank: 41
DLS Martin Ratio Rank: 45

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.

DGRS vs. DLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and WisdomTree International SmallCap Dividend (DLS). 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.

	DGRS	DLS	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.69	-0.28
Sortino ratio: Return per unit of downside risk	2.19	2.41	-0.22
Omega ratio: Gain probability vs. loss probability	1.25	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	2.61	2.05	+0.56
Martin ratio: Return relative to average drawdown	8.01	7.55	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRS vs. DLS - Sharpe Ratio Comparison

The current DGRS Sharpe Ratio is 1.41, which is comparable to the DLS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of DGRS and DLS, 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

	DGRS	DLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	1.69	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.42	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.45	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.33	+0.07

Drawdowns

DGRS vs. DLS - Drawdown Comparison

The maximum DGRS drawdown since its inception was -44.83%, smaller than the maximum DLS drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for DGRS and DLS.

Drawdown Indicators

	DGRS	DLS	Difference
Max Drawdown Largest peak-to-trough decline	-44.83%	-63.13%	+18.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-11.04%	+1.36%
Max Drawdown (3Y) Largest decline over 3 years	-27.57%	-12.69%	-14.88%
Max Drawdown (5Y) Largest decline over 5 years	-27.57%	-32.22%	+4.65%
Max Drawdown (10Y) Largest decline over 10 years	-44.83%	-44.77%	-0.06%
Current Drawdown Current decline from peak	-1.78%	-3.20%	+1.42%
Average Drawdown Average peak-to-trough decline	-6.73%	-13.65%	+6.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.99%	+0.16%

Volatility

DGRS vs. DLS - Volatility Comparison

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and WisdomTree International SmallCap Dividend (DLS) have volatilities of 4.46% and 4.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRS	DLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	4.58%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	11.36%	10.98%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	13.44%	+4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	15.57%	+4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.63%	16.67%	+6.96%

DGRS vs. DLS - Expense Ratio Comparison

DGRS has a 0.38% expense ratio, which is lower than DLS's 0.58% expense ratio.

Dividends

DGRS vs. DLS - Dividend Comparison

DGRS's dividend yield for the trailing twelve months is around 2.23%, less than DLS's 3.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	2.23%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%
DLS WisdomTree International SmallCap Dividend	3.50%	3.87%	4.56%	4.29%	4.96%	3.29%	2.50%	3.37%	3.66%	2.79%	3.29%	2.72%

Frequently Asked Questions

Can I hold both DGRS and DLS in my portfolio?

DGRS and DLS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRS or DLS?

DLS has higher volatility (4.58%) compared to DGRS (4.46%). In terms of maximum drawdown, DGRS dropped -44.83% vs DLS's -63.13%.

Which ETF is better, DGRS or DLS?

On 10-year performance, DGRS leads with 9.61% vs 7.46% for DLS. On fees, DGRS is cheaper at 0.38% per year. On volatility, DGRS has been the lower-risk option at 4.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRS or DLS?

Over the 10-year period, DGRS has performed better with a 9.61% return vs 7.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRS or DLS?

DGRS is cheaper with a 0.38% expense ratio, compared with 0.58% for DLS.

Which ETF pays a higher dividend yield, DGRS or DLS?

DLS has the higher dividend yield at 3.50%, compared with 2.23% for DGRS.

What is the main difference between DGRS and DLS?

DGRS is categorized as Small Cap Value Equities, while DLS is Foreign Small & Mid Cap Equities. DGRS tracks WisdomTree U.S. SmallCap Quality Dividend Growth Index, while DLS tracks WisdomTree International SmallCap Dividend Index. Their fees differ too: 0.38% for DGRS and 0.58% for DLS.

Which has better risk-adjusted returns?

DLS currently has the higher Sharpe Ratio (1.69 vs 1.41), 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.