DLS vs. GDMN

Last updated Jun 24, 2026

DLS (WisdomTree International SmallCap Dividend) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index, while GDMN is a Commodities fund actively managed by WisdomTree. DLS is passively managed, while GDMN is actively managed. Over the past 3 years, DLS returned 17.29%/yr vs 56.12%/yr for GDMN. At a 0.45 correlation, their price movements are largely independent. DLS charges 0.58%/yr vs 0.45%/yr for GDMN.

Performance

DLS vs. GDMN - Performance Comparison

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

Returns By Period

In the year-to-date period, DLS achieves a 5.03% return, which is significantly higher than GDMN's -17.89% return.

DLS

• 1D: -1.53%
• 1M: -2.19%
• YTD: 5.03%
• 6M: 5.39%
• 1Y: 19.99%
• 3Y*: 17.29%
• 5Y*: 6.77%
• 10Y*: 8.17%

GDMN

• 1D: -5.34%
• 1M: -15.68%
• YTD: -17.89%
• 6M: -24.58%
• 1Y: 50.67%
• 3Y*: 56.12%
• 5Y*: —
• 10Y*: —

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

DLS vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DLS WisdomTree International SmallCap Dividend	5.03%	34.11%	3.06%	15.33%	-17.31%	3.00%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-17.89%	237.09%	28.23%	12.97%	-14.62%	6.93%

Correlation

The correlation between DLS and GDMN is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021	0.45

The correlation between DLS and GDMN has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.

DLS vs. GDMN - Sectors Allocation Comparison

Sectors	DLS	GDMN
Industrials	27.8%	-
Financial Services	13.4%	-
Consumer Cyclical	12.7%	-
Basic Materials	9.2%	100.0%
Technology	8.9%	-
Consumer Defensive	7.6%	-
Real Estate	7.6%	-
Communication Services	4.3%	-
Healthcare	3.6%	-
Energy	2.7%	-
Utilities	2.0%	-

Return for Risk

DLS vs. GDMN — Risk / Return Rank

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

DLS

DLS Risk / Return Rank: 42
DLS Sharpe Ratio Rank: 43
DLS Sortino Ratio Rank: 43
DLS Omega Ratio Rank: 42
DLS Calmar Ratio Rank: 38
DLS Martin Ratio Rank: 42

GDMN

GDMN Risk / Return Rank: 24
GDMN Sharpe Ratio Rank: 23
GDMN Sortino Ratio Rank: 24
GDMN Omega Ratio Rank: 28
GDMN Calmar Ratio Rank: 23
GDMN Martin Ratio Rank: 22

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. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International SmallCap Dividend (DLS) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	1.45	0.79	+0.66
Sortino ratio: Return per unit of downside risk	2.10	1.29	+0.81
Omega ratio: Gain probability vs. loss probability	1.26	1.18	+0.08
Calmar ratio: Return relative to maximum drawdown	1.82	1.04	+0.77
Martin ratio: Return relative to average drawdown	6.48	2.68	+3.80

DLS vs. GDMN - Sharpe Ratio Comparison

The current DLS Sharpe Ratio is 1.45, which is higher than the GDMN Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of DLS and GDMN, 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. GDMN - Drawdown Comparison

The maximum DLS drawdown since its inception was -63.13%, which is greater than GDMN's maximum drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for DLS and GDMN.

Drawdown Indicators

	DLS	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-63.13%	-52.82%	-10.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-48.76%	+37.72%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-48.76%	+36.07%
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	-4.66%	-46.10%	+41.44%
Average Drawdown Average peak-to-trough decline	-13.62%	-19.14%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	19.00%	-15.91%

Volatility

DLS vs. GDMN - Volatility Comparison

The current volatility for WisdomTree International SmallCap Dividend (DLS) is 4.61%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 22.22%. This indicates that DLS experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLS	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	22.22%	-17.61%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	55.20%	-43.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.85%	64.10%	-50.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	48.22%	-32.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.45%	48.22%	-31.77%

DLS vs. GDMN - Expense Ratio Comparison

DLS has a 0.58% expense ratio, which is higher than GDMN's 0.45% expense ratio.

Dividends

DLS vs. GDMN - Dividend Comparison

DLS's dividend yield for the trailing twelve months is around 3.55%, more than GDMN's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLS WisdomTree International SmallCap Dividend	3.55%	3.87%	4.56%	4.29%	4.96%	3.29%	2.50%	3.37%	3.66%	2.79%	3.29%	2.72%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	3.29%	2.70%	9.44%	7.69%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DLS and GDMN in my portfolio?

DLS and GDMN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DLS or GDMN?

GDMN has higher volatility (22.22%) compared to DLS (4.61%). In terms of maximum drawdown, DLS dropped -63.13% vs GDMN's -52.82%.

Which ETF is better, DLS or GDMN?

On 3-year performance, GDMN leads with 56.12% vs 17.29% for DLS. On fees, GDMN is cheaper at 0.45% per year. On volatility, DLS has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLS or GDMN?

Over the 3-year period, GDMN has performed better with a 56.12% return vs 17.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLS or GDMN?

GDMN is cheaper with a 0.45% expense ratio, compared with 0.58% for DLS.

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

DLS has the higher dividend yield at 3.55%, compared with 3.29% for GDMN.

What is the main difference between DLS and GDMN?

DLS is categorized as Foreign Small & Mid Cap Equities, while GDMN is Commodities. Their fees differ too: 0.58% for DLS and 0.45% for GDMN.

Which has better risk-adjusted returns?

DLS currently has the higher Sharpe Ratio (1.45 vs 0.79), 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.