DLS vs. VV

Last updated Aug 4, 2026

DLS (WisdomTree International SmallCap Dividend Fund) and VV (Vanguard Large-Cap ETF) are both exchange-traded funds - DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index, while VV is a Large Cap Blend Equities fund tracking the CRSP US Large Cap Index. Both are passively managed. Over the past 10 years, DLS returned 7.86%/yr vs 15.17%/yr for VV. Their 0.77 correlation means they have sometimes moved together and sometimes differently. DLS charges 0.58%/yr vs 0.04%/yr for VV.

Performance

DLS vs. VV - Performance Comparison

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

Returns By Period

In the year-to-date period, DLS achieves a 8.83% return, which is significantly lower than VV's 11.47% return. Over the past 10 years, DLS has underperformed VV with an annualized return of 7.86%, while VV has yielded a comparatively higher 15.17% annualized return.

DLS

• 1D: 0.38%
• 1M: 1.63%
• 6M: 3.76%
• YTD: 8.83%
• 1Y: 18.81%
• 3Y*: 17.23%
• 5Y*: 7.14%
• 10Y*: 7.86%
• ALL TIME*: 6.45%

VV

• 1D: 1.54%
• 1M: 1.73%
• 6M: 9.64%
• YTD: 11.47%
• 1Y: 22.84%
• 3Y*: 21.03%
• 5Y*: 12.67%
• 10Y*: 15.17%
• ALL TIME*: 11.04%

*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	$1.55M	$1.40M	$1.52M
VV Vanguard Large-Cap ETF	$82.71M	$75.65M	$91.95M

DLS vs. VV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLS WisdomTree International SmallCap Dividend Fund	8.83%	34.11%	3.06%	15.33%	-17.31%	11.71%	-1.28%	22.20%	-18.95%	31.83%
VV Vanguard Large-Cap ETF	11.47%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%

Correlation

The correlation between DLS and VV is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.77

The correlation between DLS and VV shifts across timeframes, from 0.64 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.

DLS vs. VV - Sectors Allocation Comparison

Sectors	DLS	VV
Industrials	28.0%	8.2%
Financial Services	13.8%	11.5%
Consumer Cyclical	12.9%	9.0%
Technology	9.1%	39.1%
Basic Materials	9.0%	1.7%
Consumer Defensive	7.7%	4.4%
Real Estate	7.4%	1.6%
Communication Services	4.2%	9.7%
Healthcare	3.6%	8.9%
Energy	2.4%	3.0%
Utilities	2.0%	2.5%

Return for Risk

DLS vs. VV — Risk / Return Rank

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

DLS

DLS Risk / Return Rank: 52
DLS Sharpe Ratio Rank: 54
DLS Sortino Ratio Rank: 55
DLS Omega Ratio Rank: 54
DLS Calmar Ratio Rank: 46
DLS Martin Ratio Rank: 49

VV

VV Risk / Return Rank: 75
VV Sharpe Ratio Rank: 76
VV Sortino Ratio Rank: 74
VV Omega Ratio Rank: 74
VV Calmar Ratio Rank: 70
VV 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. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International SmallCap Dividend Fund (DLS) and Vanguard Large-Cap ETF (VV). 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	VV	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.77	-0.41
Sortino ratio: Return per unit of downside risk	1.99	2.45	-0.46
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	1.71	2.49	-0.78
Martin ratio: Return relative to average drawdown	5.78	10.49	-4.72

DLS vs. VV - Sharpe Ratio Comparison

The current DLS Sharpe Ratio is 1.36, which is comparable to the VV Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of DLS and VV, 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. VV - Drawdown Comparison

The maximum DLS drawdown since its inception was -63.13%, which is greater than VV's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for DLS and VV.

Drawdown Indicators

	DLS	VV	Difference
Max Drawdown Largest peak-to-trough decline	-63.13%	-54.81%	-8.32%
Max Drawdown (1Y) Largest decline over 1 year	-11.04%	-9.21%	-1.83%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-18.97%	+6.28%
Max Drawdown (5Y) Largest decline over 5 years	-32.22%	-25.66%	-6.56%
Max Drawdown (10Y) Largest decline over 10 years	-44.77%	-34.28%	-10.49%
Current Drawdown Current decline from peak	-1.21%	-0.02%	-1.19%
Average Drawdown Average peak-to-trough decline	-13.56%	-6.80%	-6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.18%	+1.08%

Volatility

DLS vs. VV - Volatility Comparison

WisdomTree International SmallCap Dividend Fund (DLS) and Vanguard Large-Cap ETF (VV) have volatilities of 4.11% and 3.94%, 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	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	3.94%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	11.78%	10.27%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	13.92%	13.00%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	17.37%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.38%	18.22%	-1.84%

DLS vs. VV - Expense Ratio Comparison

DLS has a 0.58% expense ratio, which is higher than VV's 0.04% expense ratio.

Dividends

DLS vs. VV - Dividend Comparison

DLS's dividend yield for the trailing twelve months is around 3.49%, more than VV's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLS WisdomTree International SmallCap Dividend Fund	3.49%	3.87%	4.56%	4.29%	4.96%	3.29%	2.50%	3.37%	3.66%	2.79%	3.29%	2.72%
VV Vanguard Large-Cap ETF	1.01%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both DLS and VV in my portfolio?

DLS and VV have a correlation of 0.68, 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 VV?

DLS has higher volatility (4.11%) compared to VV (3.94%). In terms of maximum drawdown, DLS dropped -63.13% vs VV's -54.81%.

Which ETF is better, DLS or VV?

On 10-year performance, VV leads with 15.17% vs 7.86% for DLS. On fees, VV is cheaper at 0.04% per year. On volatility, VV has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLS or VV?

Over the 10-year period, VV has performed better with a 15.17% 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 VV?

VV is cheaper with a 0.04% expense ratio, compared with 0.58% for DLS.

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

DLS has the higher dividend yield at 3.49%, compared with 1.01% for VV.

What is the main difference between DLS and VV?

DLS is categorized as Foreign Small & Mid Cap Equities, while VV is Large Cap Blend Equities. DLS tracks WisdomTree International SmallCap Dividend Index, while VV tracks CRSP US Large Cap Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.58% for DLS and 0.04% for VV.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (1.77 vs 1.36), 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.