DLS vs. NISM

Last updated Aug 3, 2026

DLS (WisdomTree International SmallCap Dividend Fund) and NISM (NYLI International Small-Mid Cap Equity ETF) are both Foreign Small & Mid Cap Equities funds. DLS is passively managed, while NISM is actively managed. Their correlation of 0.83 means they have usually moved in the same direction. DLS charges 0.58%/yr vs 0.70%/yr for NISM.

Performance

DLS vs. NISM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International SmallCap Dividend Fund (DLS) and NYLI International Small-Mid Cap Equity ETF (NISM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

NISM

• 1D: -0.48%
• 1M: 0.90%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
NISM NYLI International Small-Mid Cap Equity ETF	$2.13K	$1.70K	$7.87K

DLS vs. NISM - Yearly Performance Comparison

	2026 (YTD)
DLS WisdomTree International SmallCap Dividend Fund	-0.14%
NISM NYLI International Small-Mid Cap Equity ETF	-0.61%

Correlation

The correlation between DLS and NISM is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 13, 2026	0.83

Return for Risk

DLS vs. NISM — 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

NISM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NISM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International SmallCap Dividend Fund (DLS) and NYLI International Small-Mid Cap Equity ETF (NISM). 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	NISM	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	1.96	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.69	—	—
Martin ratio: Return relative to average drawdown	5.71	—	—

Drawdowns

DLS vs. NISM - Drawdown Comparison

The maximum DLS drawdown since its inception was -63.13%, which is greater than NISM's maximum drawdown of -4.35%. Use the drawdown chart below to compare losses from any high point for DLS and NISM.

Drawdown Indicators

	DLS	NISM	Difference
Max Drawdown Largest peak-to-trough decline	-63.13%	-4.35%	-58.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	—	—
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%	-0.68%	-0.90%
Average Drawdown Average peak-to-trough decline	-13.56%	-1.80%	-11.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	—	—

Volatility

Volatility by Period

	DLS	NISM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	14.26%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	14.26%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	14.26%	+2.12%

DLS vs. NISM - Expense Ratio Comparison

DLS has a 0.58% expense ratio, which is lower than NISM's 0.70% expense ratio.

Dividends

DLS vs. NISM - Dividend Comparison

DLS's dividend yield for the trailing twelve months is around 3.51%, more than NISM's 0.24% 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%
NISM NYLI International Small-Mid Cap Equity ETF	0.24%	0.00%	0.00%	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 NISM in my portfolio?

DLS and NISM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DLS or NISM?

On fees, DLS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DLS or NISM?

DLS is cheaper with a 0.58% expense ratio, compared with 0.70% for NISM.

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

DLS has the higher dividend yield at 3.51%, compared with 0.24% for NISM.

What is the main difference between DLS and NISM?

They also come from different issuers: WisdomTree and New York Life. Their fees differ too: 0.58% for DLS and 0.70% for NISM.