DNL vs. VXUS

Last updated Aug 2, 2026

DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) and VXUS (Vanguard Total International Stock ETF) are both exchange-traded funds - DNL is a Quality Factor fund tracking the WisdomTree Global ex-U.S. Quality Dividend Growth Index, while VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, DNL returned 8.77%/yr vs 9.44%/yr for VXUS. Their correlation of 0.92 means they have usually moved in the same direction. DNL charges 0.58%/yr vs 0.05%/yr for VXUS.

Performance

DNL vs. VXUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DNL achieves a 9.54% return, which is significantly lower than VXUS's 12.75% return. Over the past 10 years, DNL has underperformed VXUS with an annualized return of 8.77%, while VXUS has yielded a comparatively higher 9.44% annualized return.

DNL

• 1D: -0.60%
• 1M: -1.45%
• 6M: 5.32%
• YTD: 9.54%
• 1Y: 19.03%
• 3Y*: 9.42%
• 5Y*: 3.66%
• 10Y*: 8.77%
• ALL TIME*: 5.40%

VXUS

• 1D: -0.21%
• 1M: -0.29%
• 6M: 6.78%
• YTD: 12.75%
• 1Y: 27.56%
• 3Y*: 17.23%
• 5Y*: 8.78%
• 10Y*: 9.44%
• ALL TIME*: 6.55%

*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)
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	$1.15M	$1.05M	$899.07K
VXUS Vanguard Total International Stock ETF	$362.62M	$406.11M	$507.75M

DNL vs. VXUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	9.54%	17.03%	-0.61%	17.00%	-22.38%	16.14%	18.22%	36.23%	-14.76%	31.11%
VXUS Vanguard Total International Stock ETF	12.75%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%

Correlation

The correlation between DNL and VXUS is 0.93, 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.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011	0.92

The correlation between DNL and VXUS has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

DNL vs. VXUS - Sectors Allocation Comparison

Sectors	DNL	VXUS
Technology	36.9%	23.7%
Consumer Cyclical	18.2%	6.8%
Industrials	15.6%	14.5%
Healthcare	10.0%	6.8%
Communication Services	6.0%	3.8%
Energy	5.1%	4.2%
Financial Services	3.9%	23.2%
Basic Materials	2.8%	6.6%
Consumer Defensive	1.1%	4.8%
Utilities	0.5%	2.9%
Real Estate	0.0%	1.7%

Return for Risk

DNL vs. VXUS — Risk / Return Rank

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

DNL

DNL Risk / Return Rank: 42
DNL Sharpe Ratio Rank: 39
DNL Sortino Ratio Rank: 40
DNL Omega Ratio Rank: 38
DNL Calmar Ratio Rank: 42
DNL Martin Ratio Rank: 49

VXUS

VXUS Risk / Return Rank: 71
VXUS Sharpe Ratio Rank: 72
VXUS Sortino Ratio Rank: 69
VXUS Omega Ratio Rank: 72
VXUS Calmar Ratio Rank: 71
VXUS Martin Ratio Rank: 72

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.

DNL vs. VXUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and Vanguard Total International Stock ETF (VXUS). 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.

	DNL	VXUS	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.62	-0.64
Sortino ratio: Return per unit of downside risk	1.48	2.24	-0.76
Omega ratio: Gain probability vs. loss probability	1.18	1.30	-0.12
Calmar ratio: Return relative to maximum drawdown	1.50	2.42	-0.92
Martin ratio: Return relative to average drawdown	5.58	8.87	-3.29

DNL vs. VXUS - Sharpe Ratio Comparison

The current DNL Sharpe Ratio is 0.98, which is lower than the VXUS Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of DNL and VXUS, 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

DNL vs. VXUS - Drawdown Comparison

The maximum DNL drawdown since its inception was -44.53%, which is greater than VXUS's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for DNL and VXUS.

Drawdown Indicators

	DNL	VXUS	Difference
Max Drawdown Largest peak-to-trough decline	-44.53%	-35.97%	-8.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-11.27%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	-13.58%	-6.57%
Max Drawdown (5Y) Largest decline over 5 years	-34.85%	-29.44%	-5.41%
Max Drawdown (10Y) Largest decline over 10 years	-34.85%	-35.97%	+1.12%
Current Drawdown Current decline from peak	-3.27%	-2.84%	-0.43%
Average Drawdown Average peak-to-trough decline	-10.11%	-8.16%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	3.07%	+0.25%

Volatility

DNL vs. VXUS - Volatility Comparison

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and Vanguard Total International Stock ETF (VXUS) have volatilities of 5.21% and 5.29%, 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

	DNL	VXUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	5.29%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	16.39%	15.06%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	19.14%	16.86%	+2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	16.35%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	17.03%	+1.58%

DNL vs. VXUS - Expense Ratio Comparison

DNL has a 0.58% expense ratio, which is higher than VXUS's 0.05% expense ratio.

Dividends

DNL vs. VXUS - Dividend Comparison

DNL's dividend yield for the trailing twelve months is around 1.32%, less than VXUS's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	1.32%	2.06%	2.30%	1.81%	4.82%	1.38%	1.76%	1.93%	2.55%	1.86%	2.51%	1.98%
VXUS Vanguard Total International Stock ETF	2.59%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both DNL and VXUS in my portfolio?

With a correlation of 0.93, DNL and VXUS 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, DNL or VXUS?

VXUS has higher volatility (5.29%) compared to DNL (5.21%). In terms of maximum drawdown, DNL dropped -44.53% vs VXUS's -35.97%.

Which ETF is better, DNL or VXUS?

On 10-year performance, VXUS leads with 9.44% vs 8.77% for DNL. On fees, VXUS is cheaper at 0.05% 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, DNL or VXUS?

Over the 10-year period, VXUS has performed better with a 9.44% return vs 8.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DNL or VXUS?

VXUS is cheaper with a 0.05% expense ratio, compared with 0.58% for DNL.

Which ETF pays a higher dividend yield, DNL or VXUS?

VXUS has the higher dividend yield at 2.59%, compared with 1.32% for DNL.

What is the main difference between DNL and VXUS?

DNL is categorized as Quality Factor, while VXUS is Global Equities. DNL tracks WisdomTree Global ex-U.S. Quality Dividend Growth Index, while VXUS tracks FTSE Global All Cap ex US Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.58% for DNL and 0.05% for VXUS.

Which has better risk-adjusted returns?

VXUS currently has the higher Sharpe Ratio (1.62 vs 0.98), 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.