DLS vs. DHS
DLS (WisdomTree International SmallCap Dividend Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, DLS returned 7.86%/yr vs 9.68%/yr for DHS. Their 0.68 correlation means they have sometimes moved together and sometimes differently. DLS charges 0.58%/yr vs 0.38%/yr for DHS.
Performance
DLS vs. DHS - Performance Comparison
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Returns By Period
In the year-to-date period, DLS achieves a 8.42% return, which is significantly lower than DHS's 16.66% return. Over the past 10 years, DLS has underperformed DHS with an annualized return of 7.86%, while DHS has yielded a comparatively higher 9.68% annualized return.
DLS
- 1D
- -0.16%
- 1M
- 1.24%
- 6M
- 3.30%
- YTD
- 8.42%
- 1Y
- 18.36%
- 3Y*
- 16.62%
- 5Y*
- 7.13%
- 10Y*
- 7.86%
- ALL TIME*
- 6.44%
DHS
- 1D
- -0.37%
- 1M
- 1.58%
- 6M
- 9.76%
- YTD
- 16.66%
- 1Y
- 25.21%
- 3Y*
- 16.49%
- 5Y*
- 12.26%
- 10Y*
- 9.68%
- ALL TIME*
- 8.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.32M | $3.61M | $2.98M | |
| $1.54M | $1.48M | $1.54M |
DLS vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLS WisdomTree International SmallCap Dividend Fund | 8.42% | 34.11% | 3.06% | 15.33% | -17.31% | 11.71% | -1.28% | 22.20% | -18.95% | 31.83% |
DHS WisdomTree US High Dividend Fund | 16.66% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
Correlation
The correlation between DLS and DHS is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.68 |
Over the past year, the correlation between DLS and DHS has dropped to 0.37 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
DLS vs. DHS - Sectors Allocation Comparison
Sectors
DLS
DHS
Industrials
Financial Services
Consumer Cyclical
Technology
Basic Materials
Consumer Defensive
Real Estate
Communication Services
Healthcare
Energy
Utilities
Industrials
DLS
DHS
Financial Services
DLS
DHS
Consumer Cyclical
DLS
DHS
Technology
DLS
DHS
Basic Materials
DLS
DHS
Consumer Defensive
DLS
DHS
Real Estate
DLS
DHS
Communication Services
DLS
DHS
Healthcare
DLS
DHS
Energy
DLS
DHS
Utilities
DLS
DHS
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Return for Risk
DLS vs. DHS — Risk / Return Rank
DLS
DHS
DLS vs. DHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree International SmallCap Dividend Fund (DLS) and WisdomTree US High Dividend Fund (DHS). 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.
| DLS | DHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.42 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.97 | -2.28 |
| Martin ratioReturn relative to average drawdown | 5.71 | 14.58 | -8.87 |
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Drawdowns
DLS vs. DHS - Drawdown Comparison
The maximum DLS drawdown since its inception was -63.13%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for DLS and DHS.
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Drawdown Indicators
| DLS | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.13% | -67.25% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -6.30% | -4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -11.87% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -32.22% | -15.28% | -16.94% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -37.35% | -7.42% |
Current DrawdownCurrent decline from peak | -1.58% | -2.23% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -9.48% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.71% | +1.55% |
Volatility
DLS vs. DHS - Volatility Comparison
WisdomTree International SmallCap Dividend Fund (DLS) has a higher volatility of 4.23% compared to WisdomTree US High Dividend Fund (DHS) at 3.88%. This indicates that DLS's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLS | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 3.88% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.84% | 7.92% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 10.43% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 13.91% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 16.09% | +0.29% |
DLS vs. DHS - Expense Ratio Comparison
DLS has a 0.58% expense ratio, which is higher than DHS's 0.38% expense ratio.
Dividends
DLS vs. DHS - Dividend Comparison
DLS's dividend yield for the trailing twelve months is around 3.51%, more than DHS's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.19% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
DLS WisdomTree International SmallCap Dividend Fund | 3.51% | 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 DHS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLS has higher volatility (4.23%) compared to DHS (3.88%). In terms of maximum drawdown, DLS dropped -63.13% vs DHS's -67.25%.
On 10-year performance, DHS leads with 9.68% vs 7.86% for DLS. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DHS has performed better with a 9.68% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DHS is cheaper with a 0.38% expense ratio, compared with 0.58% for DLS.
DLS has the higher dividend yield at 3.51%, compared with 3.19% for DHS.
DLS is categorized as Foreign Small & Mid Cap Equities, while DHS is Large Cap Value Equities. DLS tracks WisdomTree International SmallCap Dividend Index, while DHS tracks WisdomTree U.S. High Dividend Index. Their fees differ too: 0.58% for DLS and 0.38% for DHS.
DHS currently has the higher Sharpe Ratio (2.41 vs 1.34), 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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