DLS vs. DGRW

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree International SmallCap Dividend (DLS) and WisdomTree U.S. Dividend Growth Fund (DGRW).

DLS and DGRW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both DLS and DGRW 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

DLS vs. DGRW - Performance Comparison

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

DLS vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
DGRW WisdomTree U.S. Dividend Growth Fund	-1.50%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Returns By Period

In the year-to-date period, DLS achieves a 0.81% return, which is significantly higher than DGRW's -1.50% return. Over the past 10 years, DLS has underperformed DGRW with an annualized return of 7.35%, while DGRW has yielded a comparatively higher 13.04% annualized return.

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%

DGRW

• 1D: 2.56%
• 1M: -5.41%
• YTD: -1.50%
• 6M: -0.59%
• 1Y: 11.60%
• 3Y*: 13.93%
• 5Y*: 10.81%
• 10Y*: 13.04%

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

DLS vs. DGRW - Expense Ratio Comparison

DLS has a 0.58% expense ratio, which is higher than DGRW's 0.28% expense ratio.

DLS

WisdomTree International SmallCap Dividend

DGRW

WisdomTree U.S. Dividend Growth Fund

Return for Risk

DLS vs. DGRW — Risk / Return Rank

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

DLS

DLS Risk / Return Rank: 87
DLS Sharpe Ratio Rank: 88
DLS Sortino Ratio Rank: 89
DLS Omega Ratio Rank: 90
DLS Calmar Ratio Rank: 85
DLS Martin Ratio Rank: 84

DGRW

DGRW Risk / Return Rank: 49
DGRW Sharpe Ratio Rank: 44
DGRW Sortino Ratio Rank: 47
DGRW Omega Ratio Rank: 50
DGRW Calmar Ratio Rank: 49
DGRW Martin Ratio Rank: 57

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. DGRW - Risk-Adjusted Trends Comparison

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

	DLS	DGRW	Difference
Sharpe ratio Return per unit of total volatility	1.84	0.76	+1.08
Sortino ratio Return per unit of downside risk	2.46	1.19	+1.27
Omega ratio Gain probability vs. loss probability	1.38	1.18	+0.20
Calmar ratio Return relative to maximum drawdown	2.43	1.12	+1.31
Martin ratio Return relative to average drawdown	9.37	5.10	+4.28
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. DGRW - Sharpe Ratio Comparison

The current DLS Sharpe Ratio is 1.84, which is higher than the DGRW Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of DLS and DGRW, 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

	DLS	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	0.76	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.78	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.81	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.81	-0.49

Correlation

The correlation between DLS and DGRW is 0.72, 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

DLS vs. DGRW - Dividend Comparison

DLS's dividend yield for the trailing twelve months is around 3.70%, more than DGRW's 1.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
DGRW WisdomTree U.S. Dividend Growth Fund	1.43%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%

Drawdowns

DLS vs. DGRW - Drawdown Comparison

The maximum DLS drawdown since its inception was -63.13%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for DLS and DGRW.

Drawdown Indicators

	DLS	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-63.13%	-32.04%	-31.09%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-11.30%	+0.26%
Max Drawdown (5Y) Largest decline over 5 years	-32.22%	-17.27%	-14.95%
Max Drawdown (10Y) Largest decline over 10 years	-44.77%	-32.04%	-12.73%
Current Drawdown Current decline from peak	-8.49%	-5.96%	-2.53%
Average Drawdown Average peak-to-trough decline	-13.74%	-3.04%	-10.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.48%	+0.39%

Volatility

DLS vs. DGRW - Volatility Comparison

WisdomTree International SmallCap Dividend (DLS) has a higher volatility of 6.68% compared to WisdomTree U.S. Dividend Growth Fund (DGRW) at 4.66%. This indicates that DLS's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLS	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	4.66%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	7.73%	+2.11%
Volatility (1Y) Calculated over the trailing 1-year period	15.59%	15.44%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	13.98%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	16.21%	+0.39%