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DLS vs. AGG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DLS vs. AGG

Last updated Jun 9, 2026

DLS (WisdomTree International SmallCap Dividend) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, DLS returned 7.53%/yr vs 1.52%/yr for AGG. At a correlation of -0.04, they often move in opposite directions. DLS charges 0.58%/yr vs 0.03%/yr for AGG.

Performance

DLS vs. AGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International SmallCap Dividend (DLS) and iShares Core U.S. Aggregate Bond ETF (AGG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DLS achieves a 5.42% return, which is significantly higher than AGG's -0.08% return. Over the past 10 years, DLS has outperformed AGG with an annualized return of 7.53%, while AGG has yielded a comparatively lower 1.52% annualized return.

DLS

1D
0.26%
1M
-3.66%
YTD
5.42%
6M
8.27%
1Y
20.18%
3Y*
16.61%
5Y*
6.41%
10Y*
7.53%

AGG

1D
0.00%
1M
-0.69%
YTD
-0.08%
6M
0.26%
1Y
4.97%
3Y*
3.88%
5Y*
-0.03%
10Y*
1.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DLS vs. AGG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DLS
WisdomTree International SmallCap Dividend		5.42%34.11%3.06%15.33%-17.31%11.71%-1.28%22.20%-18.95%31.83%
AGG
iShares Core U.S. Aggregate Bond ETF		-0.08%7.19%1.31%5.65%-13.02%-1.77%7.48%8.46%0.09%3.55%

Correlation

The correlation between DLS and AGG is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.38

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

0.27

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

0.13

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2006

-0.04

The correlation between DLS and AGG shifts across timeframes, from -0.04 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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WisdomTree International SmallCap Dividend

iShares Core U.S. Aggregate Bond ETF

Often compared with DLS:
DLS vs. AVDVDLS vs. DDLSDLS vs. VSSDLS vs. DGSDLS vs. ISVLDLS vs. FNDCDLS vs. VEA
Often compared with AGG:
AGG vs. BNDAGG vs. TLTAGG vs. HYGAGG vs. FBNDAGG vs. PIMIXAGG vs. IUSBAGG vs. AGGH

Return for Risk

DLS vs. AGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DLS
DLS Risk / Return Rank: 4646
Overall Rank
DLS Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
DLS Sortino Ratio Rank: 4848
Sortino Ratio Rank
DLS Omega Ratio Rank: 4848
Omega Ratio Rank
DLS Calmar Ratio Rank: 4040
Calmar Ratio Rank
DLS Martin Ratio Rank: 4444
Martin Ratio Rank
AGG
AGG Risk / Return Rank: 4040
Overall Rank
AGG Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
AGG Sortino Ratio Rank: 4242
Sortino Ratio Rank
AGG Omega Ratio Rank: 3939
Omega Ratio Rank
AGG Calmar Ratio Rank: 4040
Calmar Ratio Rank
AGG Martin Ratio Rank: 3838
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.

DLS vs. AGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International SmallCap Dividend (DLS) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.

DLSAGGDifference
Sharpe ratioReturn per unit of total volatility
1.50
1.32

+0.18

Sortino ratioReturn per unit of downside risk
2.14
1.94

+0.20

Omega ratioGain probability vs. loss probability

1.27

1.23

+0.04

Calmar ratioReturn relative to maximum drawdown

1.84

1.81

+0.03

Martin ratioReturn relative to average drawdown

6.69

5.44

+1.25

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

DLS vs. AGG - Sharpe Ratio Comparison

The current DLS Sharpe Ratio is 1.50, which is comparable to the AGG Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of DLS and AGG, 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

DLSAGGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

1.32

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.41

-0.00

+0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.28

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.59

-0.26

Drawdowns

DLS vs. AGG - Drawdown Comparison

The maximum DLS drawdown since its inception was -63.13%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for DLS and AGG.

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Drawdown Indicators

DLSAGGDifference

Max Drawdown

Largest peak-to-trough decline

-63.13%

-18.43%

-44.70%

Max Drawdown (1Y)

Largest decline over 1 year

-11.04%

-2.76%

-8.28%

Max Drawdown (3Y)

Largest decline over 3 years

-12.69%

-6.11%

-6.58%

Max Drawdown (5Y)

Largest decline over 5 years

-32.22%

-17.82%

-14.40%

Max Drawdown (10Y)

Largest decline over 10 years

-44.77%

-18.43%

-26.34%

Current Drawdown

Current decline from peak

-4.30%

-2.47%

-1.83%

Average Drawdown

Average peak-to-trough decline

-13.64%

-2.71%

-10.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

0.92%

+2.11%

Volatility

DLS vs. AGG - Volatility Comparison

WisdomTree International SmallCap Dividend (DLS) has a higher volatility of 4.19% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.29%. This indicates that DLS's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DLSAGGDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.19%

1.29%

+2.90%

Volatility (6M)

Calculated over the trailing 6-month period

11.16%

2.77%

+8.39%

Volatility (1Y)

Calculated over the trailing 1-year period

13.54%

3.80%

+9.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.59%

6.09%

+9.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.69%

5.41%

+11.28%

DLS vs. AGG - Expense Ratio Comparison

DLS has a 0.58% expense ratio, which is higher than AGG's 0.03% expense ratio.

Dividends

DLS vs. AGG - Dividend Comparison

DLS's dividend yield for the trailing twelve months is around 3.54%, less than AGG's 4.00% yield.

PositionTTM20252024202320222021202020192018201720162015
AGG
iShares Core U.S. Aggregate Bond ETF		4.00%3.89%3.74%3.13%2.39%1.77%2.14%2.70%2.72%2.32%2.39%2.45%
DLS
WisdomTree International SmallCap Dividend		3.54%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

DLS and AGG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DLS has higher volatility (4.19%) compared to AGG (1.29%). In terms of maximum drawdown, DLS dropped -63.13% vs AGG's -18.43%.

On 10-year performance, DLS leads with 7.53% vs 1.52% for AGG. On fees, AGG is cheaper at 0.03% per year. On volatility, AGG has been the lower-risk option at 1.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DLS has performed better with a 7.53% return vs 1.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

AGG is cheaper with a 0.03% expense ratio, compared with 0.58% for DLS.

AGG has the higher dividend yield at 4.00%, compared with 3.54% for DLS.

DLS is categorized as Foreign Small & Mid Cap Equities, while AGG is Total Bond Market. DLS tracks WisdomTree International SmallCap Dividend Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.58% for DLS and 0.03% for AGG.

DLS currently has the higher Sharpe Ratio (1.50 vs 1.32), 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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