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DGS vs. DLS
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DGS vs. DLS

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and WisdomTree International SmallCap Dividend (DLS).

DGS and DLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets SmallCap Dividend Index. It was launched on Oct 30, 2007. DLS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree International SmallCap Dividend Index. It was launched on Jun 16, 2006. Both DGS and DLS 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

DGS vs. DLS - Performance Comparison

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

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DGS vs. DLS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DGS
WisdomTree Emerging Markets SmallCap Dividend Fund		5.34%21.18%1.13%19.08%-12.35%15.33%4.06%18.90%-16.52%37.47%
DLS
WisdomTree International SmallCap Dividend		0.81%34.11%3.06%15.33%-17.31%11.71%-1.28%22.20%-18.95%31.83%

Returns By Period

In the year-to-date period, DGS achieves a 5.34% return, which is significantly higher than DLS's 0.81% return. Over the past 10 years, DGS has outperformed DLS with an annualized return of 8.94%, while DLS has yielded a comparatively lower 7.35% annualized return.

DGS

1D
2.72%
1M
-6.99%
YTD
5.34%
6M
6.67%
1Y
29.07%
3Y*
13.78%
5Y*
7.49%
10Y*
8.94%

DLS

1D
2.87%
1M
-8.49%
YTD
0.81%
6M
3.77%
1Y
28.41%
3Y*
14.79%
5Y*
6.64%
10Y*
7.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Emerging Markets SmallCap Dividend Fund

WisdomTree International SmallCap Dividend

Often compared with DGS:
DGS vs. AVESDGS vs. AVEEDGS vs. AVDVDGS vs. AVEMDGS vs. VWODGS vs. VSSDGS vs. DEMSX
Often compared with DLS:
DLS vs. AVDVDLS vs. DDLSDLS vs. VSSDLS vs. ISVLDLS vs. FNDCDLS vs. VEADLS vs. AVUV

DGS vs. DLS - Expense Ratio Comparison

Both DGS and DLS have an expense ratio of 0.58%.

DGS
WisdomTree Emerging Markets SmallCap Dividend Fund
DLS
WisdomTree International SmallCap Dividend

Return for Risk

DGS vs. DLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DGS
DGS Risk / Return Rank: 8787
Overall Rank
DGS Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DGS Sortino Ratio Rank: 8888
Sortino Ratio Rank
DGS Omega Ratio Rank: 8787
Omega Ratio Rank
DGS Calmar Ratio Rank: 8686
Calmar Ratio Rank
DGS Martin Ratio Rank: 8686
Martin Ratio Rank
DLS
DLS Risk / Return Rank: 8787
Overall Rank
DLS Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
DLS Sortino Ratio Rank: 8989
Sortino Ratio Rank
DLS Omega Ratio Rank: 9090
Omega Ratio Rank
DLS Calmar Ratio Rank: 8585
Calmar Ratio Rank
DLS Martin Ratio Rank: 8484
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.

DGS vs. DLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) 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.

DGSDLSDifference

Sharpe ratio

Return per unit of total volatility

1.76

1.84

-0.07

Sortino ratio

Return per unit of downside risk

2.37

2.46

-0.09

Omega ratio

Gain probability vs. loss probability

1.34

1.38

-0.04

Calmar ratio

Return relative to maximum drawdown

2.56

2.43

+0.13

Martin ratio

Return relative to average drawdown

9.49

9.37

+0.12

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

DGS vs. DLS - Sharpe Ratio Comparison

The current DGS Sharpe Ratio is 1.76, which is comparable to the DLS Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of DGS and DLS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DGSDLSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

1.84

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.43

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

0.44

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.32

-0.11

Correlation

The correlation between DGS and DLS is 0.78, 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

DGS vs. DLS - Dividend Comparison

DGS's dividend yield for the trailing twelve months is around 3.49%, less than DLS's 3.70% yield.

TTM20252024202320222021202020192018201720162015
DGS
WisdomTree Emerging Markets SmallCap Dividend Fund		3.49%3.45%3.36%4.55%5.34%3.98%3.69%3.95%4.24%2.81%3.42%3.28%
DLS
WisdomTree International SmallCap Dividend		3.70%3.87%4.56%4.29%4.96%3.29%2.50%3.37%3.66%2.79%3.29%2.72%

Drawdowns

DGS vs. DLS - Drawdown Comparison

The maximum DGS drawdown since its inception was -61.83%, roughly equal to the maximum DLS drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for DGS and DLS.

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Drawdown Indicators

DGSDLSDifference

Max Drawdown

Largest peak-to-trough decline

-61.83%

-63.13%

+1.30%

Max Drawdown (1Y)

Largest decline over 1 year

-10.99%

-11.04%

+0.05%

Max Drawdown (5Y)

Largest decline over 5 years

-24.86%

-32.22%

+7.36%

Max Drawdown (10Y)

Largest decline over 10 years

-44.08%

-44.77%

+0.69%

Current Drawdown

Current decline from peak

-7.62%

-8.49%

+0.87%

Average Drawdown

Average peak-to-trough decline

-12.68%

-13.74%

+1.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

2.87%

+0.09%

Volatility

DGS vs. DLS - Volatility Comparison

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a higher volatility of 8.48% compared to WisdomTree International SmallCap Dividend (DLS) at 6.68%. This indicates that DGS's price experiences larger fluctuations and is considered to be riskier than DLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DGSDLSDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.48%

6.68%

+1.80%

Volatility (6M)

Calculated over the trailing 6-month period

11.46%

9.84%

+1.62%

Volatility (1Y)

Calculated over the trailing 1-year period

16.59%

15.59%

+1.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.66%

15.43%

-0.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.25%

16.60%

+0.65%