DLS vs. DXIV

Last updated Aug 3, 2026

DLS (WisdomTree International SmallCap Dividend Fund) and DXIV (Dimensional International Vector Equity ETF) are both Foreign Small & Mid Cap Equities funds. DLS is passively managed, while DXIV is actively managed. Over the past year, DLS returned 18.36% vs 29.14% for DXIV. Their correlation of 0.92 means they have usually moved in the same direction. DLS charges 0.58%/yr vs 0.30%/yr for DXIV.

Performance

DLS vs. DXIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International SmallCap Dividend Fund (DLS) and Dimensional International Vector Equity ETF (DXIV). 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 DXIV's 13.02% 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%

DXIV

• 1D: -0.23%
• 1M: 2.25%
• 6M: 7.10%
• YTD: 13.02%
• 1Y: 29.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.63%

*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)
DLS WisdomTree International SmallCap Dividend Fund	$1.54M	$1.48M	$1.54M
DXIV Dimensional International Vector Equity ETF	$2.19M	$2.08M	$1.51M

DLS vs. DXIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DLS WisdomTree International SmallCap Dividend Fund	8.42%	34.11%	-3.30%
DXIV Dimensional International Vector Equity ETF	13.02%	39.12%	-3.78%

Correlation

The correlation between DLS and DXIV is 0.92, 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.	0.92
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.92

The correlation between DLS and DXIV has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

DLS vs. DXIV - Sectors Allocation Comparison

Sectors	DLS	DXIV
Industrials	28.0%	18.4%
Financial Services	13.8%	17.9%
Consumer Cyclical	12.9%	11.6%
Technology	9.1%	8.8%
Basic Materials	9.0%	11.8%
Consumer Defensive	7.7%	6.4%
Real Estate	7.4%	1.5%
Communication Services	4.2%	5.5%
Healthcare	3.6%	7.4%
Energy	2.4%	8.2%
Utilities	2.0%	2.5%

Return for Risk

DLS vs. DXIV — 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

DXIV

DXIV Risk / Return Rank: 83
DXIV Sharpe Ratio Rank: 87
DXIV Sortino Ratio Rank: 85
DXIV Omega Ratio Rank: 85
DXIV Calmar Ratio Rank: 76
DXIV Martin Ratio Rank: 80

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. DXIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International SmallCap Dividend Fund (DLS) and Dimensional International Vector Equity ETF (DXIV). 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	DXIV	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.06	-0.72
Sortino ratio: Return per unit of downside risk	1.96	2.82	-0.86
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	1.69	2.67	-0.98
Martin ratio: Return relative to average drawdown	5.71	10.36	-4.65

DLS vs. DXIV - Sharpe Ratio Comparison

The current DLS Sharpe Ratio is 1.34, which is lower than the DXIV Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DLS and DXIV, 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. DXIV - Drawdown Comparison

The maximum DLS drawdown since its inception was -63.13%, which is greater than DXIV's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for DLS and DXIV.

Drawdown Indicators

	DLS	DXIV	Difference
Max Drawdown Largest peak-to-trough decline	-63.13%	-13.71%	-49.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-10.84%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.77%	—	—
Current Drawdown Current decline from peak	-1.58%	-0.23%	-1.35%
Average Drawdown Average peak-to-trough decline	-13.56%	-2.41%	-11.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.79%	+0.47%

Volatility

DLS vs. DXIV - Volatility Comparison

WisdomTree International SmallCap Dividend Fund (DLS) and Dimensional International Vector Equity ETF (DXIV) have volatilities of 4.23% and 4.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLS	DXIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.28%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	11.84%	12.10%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	14.05%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	15.37%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	15.37%	+1.01%

DLS vs. DXIV - Expense Ratio Comparison

DLS has a 0.58% expense ratio, which is higher than DXIV's 0.30% expense ratio.

Dividends

DLS vs. DXIV - Dividend Comparison

DLS's dividend yield for the trailing twelve months is around 3.51%, more than DXIV's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
DXIV Dimensional International Vector Equity ETF	2.34%	2.50%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DLS and DXIV in my portfolio?

With a correlation of 0.92, DLS and DXIV 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 DXIV?

DXIV has higher volatility (4.28%) compared to DLS (4.23%). In terms of maximum drawdown, DLS dropped -63.13% vs DXIV's -13.71%.

Which ETF is better, DLS or DXIV?

On 1-year performance, DXIV leads with 29.14% vs 18.36% for DLS. On fees, DXIV is cheaper at 0.30% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLS or DXIV?

Over the 1-year period, DXIV has performed better with a 29.14% return vs 18.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLS or DXIV?

DXIV is cheaper with a 0.30% expense ratio, compared with 0.58% for DLS.

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

DLS has the higher dividend yield at 3.51%, compared with 2.34% for DXIV.

What is the main difference between DLS and DXIV?

They also come from different issuers: WisdomTree and Dimensional. Their fees differ too: 0.58% for DLS and 0.30% for DXIV.

Which has better risk-adjusted returns?

DXIV currently has the higher Sharpe Ratio (2.06 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.