DLS vs. VUG

Last updated Jun 14, 2026

DLS (WisdomTree International SmallCap Dividend) and VUG (Vanguard Growth ETF) are both exchange-traded funds - DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index, while VUG is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Both are passively managed. Over the past 10 years, DLS returned 8.07%/yr vs 17.90%/yr for VUG. A 0.72 correlation means they provide meaningful diversification when combined. DLS charges 0.58%/yr vs 0.03%/yr for VUG.

Performance

DLS vs. VUG - Performance Comparison

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

Returns By Period

In the year-to-date period, DLS achieves a 7.56% return, which is significantly higher than VUG's 4.99% return. Over the past 10 years, DLS has underperformed VUG with an annualized return of 8.07%, while VUG has yielded a comparatively higher 17.90% annualized return.

DLS

• 1D: 0.13%
• 1M: 0.56%
• YTD: 7.56%
• 6M: 9.92%
• 1Y: 23.02%
• 3Y*: 16.92%
• 5Y*: 6.78%
• 10Y*: 8.07%

VUG

• 1D: 0.18%
• 1M: -2.47%
• YTD: 4.99%
• 6M: 5.66%
• 1Y: 22.83%
• 3Y*: 23.38%
• 5Y*: 13.78%
• 10Y*: 17.90%

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

DLS vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLS WisdomTree International SmallCap Dividend	7.56%	34.11%	3.06%	15.33%	-17.31%	11.71%	-1.28%	22.20%	-18.95%	31.83%
VUG Vanguard Growth ETF	4.99%	19.40%	32.69%	46.83%	-33.16%	27.35%	40.25%	37.03%	-3.32%	27.72%

Correlation

The correlation between DLS and VUG is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.72

The correlation between DLS and VUG shifts across timeframes, from 0.54 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

DLS vs. VUG - Sectors Allocation Comparison

Sectors	DLS	VUG
Industrials	27.8%	3.6%
Financial Services	13.4%	4.3%
Consumer Cyclical	12.7%	12.2%
Basic Materials	9.2%	0.6%
Technology	8.9%	53.5%
Consumer Defensive	7.6%	1.5%
Real Estate	7.6%	1.0%
Communication Services	4.3%	17.3%
Healthcare	3.6%	4.6%
Energy	2.7%	0.4%
Utilities	2.0%	0.9%

Return for Risk

DLS vs. VUG — Risk / Return Rank

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

DLS

DLS Risk / Return Rank: 50
DLS Sharpe Ratio Rank: 53
DLS Sortino Ratio Rank: 53
DLS Omega Ratio Rank: 52
DLS Calmar Ratio Rank: 45
DLS Martin Ratio Rank: 48

VUG

VUG Risk / Return Rank: 36
VUG Sharpe Ratio Rank: 41
VUG Sortino Ratio Rank: 38
VUG Omega Ratio Rank: 40
VUG Calmar Ratio Rank: 30
VUG Martin Ratio Rank: 33

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. VUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International SmallCap Dividend (DLS) and Vanguard Growth ETF (VUG). 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	VUG	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.29	+0.29
Sortino ratio: Return per unit of downside risk	2.27	1.78	+0.49
Omega ratio: Gain probability vs. loss probability	1.29	1.23	+0.06
Calmar ratio: Return relative to maximum drawdown	1.97	1.29	+0.69
Martin ratio: Return relative to average drawdown	7.11	4.43	+2.68

DLS vs. VUG - Sharpe Ratio Comparison

The current DLS Sharpe Ratio is 1.58, which is comparable to the VUG Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of DLS and VUG, 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. VUG - Drawdown Comparison

The maximum DLS drawdown since its inception was -63.13%, which is greater than VUG's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for DLS and VUG.

Drawdown Indicators

	DLS	VUG	Difference
Max Drawdown Largest peak-to-trough decline	-63.13%	-50.68%	-12.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-16.53%	+5.49%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-22.85%	+10.16%
Max Drawdown (5Y) Largest decline over 5 years	-32.22%	-35.61%	+3.39%
Max Drawdown (10Y) Largest decline over 10 years	-44.77%	-35.61%	-9.16%
Current Drawdown Current decline from peak	-2.36%	-5.56%	+3.20%
Average Drawdown Average peak-to-trough decline	-13.63%	-7.09%	-6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	4.79%	-1.73%

Volatility

DLS vs. VUG - Volatility Comparison

The current volatility for WisdomTree International SmallCap Dividend (DLS) is 4.90%, while Vanguard Growth ETF (VUG) has a volatility of 5.73%. This indicates that DLS experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLS	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	5.73%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	11.48%	13.00%	-1.52%
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	16.46%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	22.30%	-6.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	21.48%	-4.80%

DLS vs. VUG - Expense Ratio Comparison

DLS has a 0.58% expense ratio, which is higher than VUG's 0.03% expense ratio.

Dividends

DLS vs. VUG - Dividend Comparison

DLS's dividend yield for the trailing twelve months is around 3.47%, more than VUG's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLS WisdomTree International SmallCap Dividend	3.47%	3.87%	4.56%	4.29%	4.96%	3.29%	2.50%	3.37%	3.66%	2.79%	3.29%	2.72%
VUG Vanguard Growth ETF	0.39%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Frequently Asked Questions

Can I hold both DLS and VUG in my portfolio?

DLS and VUG have a correlation of 0.60, 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 VUG?

VUG has higher volatility (5.73%) compared to DLS (4.90%). In terms of maximum drawdown, DLS dropped -63.13% vs VUG's -50.68%.

Which ETF is better, DLS or VUG?

On 10-year performance, VUG leads with 17.90% vs 8.07% for DLS. On fees, VUG is cheaper at 0.03% per year. On volatility, DLS has been the lower-risk option at 4.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLS or VUG?

Over the 10-year period, VUG has performed better with a 17.90% return vs 8.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLS or VUG?

VUG is cheaper with a 0.03% expense ratio, compared with 0.58% for DLS.

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

DLS has the higher dividend yield at 3.47%, compared with 0.39% for VUG.

What is the main difference between DLS and VUG?

DLS is categorized as Foreign Small & Mid Cap Equities, while VUG is Large Cap Growth Equities. DLS tracks WisdomTree International SmallCap Dividend Index, while VUG tracks CRSP US Large Cap Growth Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.58% for DLS and 0.03% for VUG.

Which has better risk-adjusted returns?

DLS currently has the higher Sharpe Ratio (1.58 vs 1.29), 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.