DLS vs. DIM

Last updated Aug 3, 2026

DLS (WisdomTree International SmallCap Dividend Fund) and DIM (WisdomTree International MidCap Dividend Fund) are both exchange-traded funds - DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index, while DIM is a Foreign Large Cap Equities fund tracking the WisdomTree International MidCap Dividend Index. Both are passively managed. Over the past 10 years, DLS returned 7.86%/yr vs 8.54%/yr for DIM. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.58% expense ratio.

Performance

DLS vs. DIM - Performance Comparison

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

Returns By Period

In the year-to-date period, DLS achieves a 8.42% return, which is significantly lower than DIM's 11.14% return. Over the past 10 years, DLS has underperformed DIM with an annualized return of 7.86%, while DIM has yielded a comparatively higher 8.54% 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%

DIM

• 1D: -0.43%
• 1M: 2.21%
• 6M: 6.09%
• YTD: 11.14%
• 1Y: 21.63%
• 3Y*: 17.85%
• 5Y*: 9.22%
• 10Y*: 8.54%
• ALL TIME*: 6.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIM WisdomTree International MidCap Dividend Fund	$172.44K	$195.57K	$301.47K
DLS WisdomTree International SmallCap Dividend Fund	$1.54M	$1.48M	$1.54M

DLS vs. DIM - 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%
DIM WisdomTree International MidCap Dividend Fund	11.14%	37.25%	3.51%	15.00%	-14.09%	9.55%	-0.40%	19.85%	-15.32%	28.01%

Correlation

The correlation between DLS and DIM is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.93

The correlation between DLS and DIM has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

DLS vs. DIM - Sectors Allocation Comparison

Sectors	DLS	DIM
Industrials	28.0%	22.2%
Financial Services	13.8%	25.8%
Consumer Cyclical	12.9%	8.3%
Technology	9.1%	4.3%
Basic Materials	9.0%	5.4%
Consumer Defensive	7.7%	6.3%
Real Estate	7.4%	7.3%
Communication Services	4.2%	5.1%
Healthcare	3.6%	3.7%
Energy	2.4%	4.6%
Utilities	2.0%	7.1%

Return for Risk

DLS vs. DIM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DLS

DLS Risk / Return Rank: 53
DLS Sharpe Ratio Rank: 56
DLS Sortino Ratio Rank: 58
DLS Omega Ratio Rank: 56
DLS Calmar Ratio Rank: 47
DLS Martin Ratio Rank: 49

DIM

DIM Risk / Return Rank: 67
DIM Sharpe Ratio Rank: 71
DIM Sortino Ratio Rank: 71
DIM Omega Ratio Rank: 69
DIM Calmar Ratio Rank: 59
DIM Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DLS vs. DIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International SmallCap Dividend Fund (DLS) and WisdomTree International MidCap Dividend Fund (DIM). 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	DIM	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.63	-0.29
Sortino ratio: Return per unit of downside risk	1.96	2.31	-0.34
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	1.69	2.08	-0.39
Martin ratio: Return relative to average drawdown	5.71	7.56	-1.85

DLS vs. DIM - Sharpe Ratio Comparison

The current DLS Sharpe Ratio is 1.34, which is comparable to the DIM Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of DLS and DIM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DLS vs. DIM - Drawdown Comparison

The maximum DLS drawdown since its inception was -63.13%, roughly equal to the maximum DIM drawdown of -61.45%. Use the drawdown chart below to compare losses from any high point for DLS and DIM.

Drawdown Indicators

	DLS	DIM	Difference
Max Drawdown Largest peak-to-trough decline	-63.13%	-61.45%	-1.68%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-10.56%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-12.13%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-32.22%	-30.71%	-1.51%
Max Drawdown (10Y) Largest decline over 10 years	-44.77%	-40.89%	-3.88%
Current Drawdown Current decline from peak	-1.58%	-0.43%	-1.15%
Average Drawdown Average peak-to-trough decline	-13.56%	-12.55%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.91%	+0.35%

Volatility

DLS vs. DIM - Volatility Comparison

WisdomTree International SmallCap Dividend Fund (DLS) has a higher volatility of 4.23% compared to WisdomTree International MidCap Dividend Fund (DIM) at 3.95%. This indicates that DLS's price experiences larger fluctuations and is considered to be riskier than DIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLS	DIM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	3.95%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	11.40%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	13.51%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	15.47%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	16.53%	-0.15%

DLS vs. DIM - Expense Ratio Comparison

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

Dividends

DLS vs. DIM - Dividend Comparison

DLS's dividend yield for the trailing twelve months is around 3.51%, more than DIM's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIM WisdomTree International MidCap Dividend Fund	2.98%	3.20%	3.58%	4.62%	3.96%	3.65%	2.53%	3.26%	3.28%	2.57%	2.94%	2.81%
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

Can I hold both DLS and DIM in my portfolio?

With a correlation of 0.93, DLS and DIM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DLS or DIM?

DLS has higher volatility (4.23%) compared to DIM (3.95%). In terms of maximum drawdown, DLS dropped -63.13% vs DIM's -61.45%.

Which ETF is better, DLS or DIM?

On 10-year performance, DIM leads with 8.54% vs 7.86% for DLS. Both ETFs have the same 0.58% expense ratio. On volatility, DIM has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLS or DIM?

Over the 10-year period, DIM has performed better with a 8.54% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLS or DIM?

DLS and DIM have the same expense ratio: 0.58% per year.

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

DLS has the higher dividend yield at 3.51%, compared with 2.98% for DIM.

What is the main difference between DLS and DIM?

DLS is categorized as Foreign Small & Mid Cap Equities, while DIM is Foreign Large Cap Equities. DLS tracks WisdomTree International SmallCap Dividend Index, while DIM tracks WisdomTree International MidCap Dividend Index.

Which has better risk-adjusted returns?

DIM currently has the higher Sharpe Ratio (1.63 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.