DXIV vs. DLS

Last updated Jun 4, 2026

DXIV (Dimensional International Vector Equity ETF) and DLS (WisdomTree International SmallCap Dividend) are both Foreign Small & Mid Cap Equities funds. DXIV is actively managed, while DLS is passively managed. Over the past year, DXIV returned 29.75% vs 22.56% for DLS. Their correlation of 0.93 suggests significant overlap in exposure. DXIV charges 0.30%/yr vs 0.58%/yr for DLS.

Performance

DXIV vs. DLS - Performance Comparison

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

Returns By Period

In the year-to-date period, DXIV achieves a 10.82% return, which is significantly higher than DLS's 6.63% return.

DXIV

• 1D: -0.63%
• 1M: 2.94%
• YTD: 10.82%
• 6M: 14.26%
• 1Y: 29.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DLS

• 1D: -0.94%
• 1M: 0.80%
• YTD: 6.63%
• 6M: 9.37%
• 1Y: 22.56%
• 3Y*: 17.27%
• 5Y*: 6.55%
• 10Y*: 7.46%

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

DXIV vs. DLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DXIV Dimensional International Vector Equity ETF	10.82%	39.12%	-4.40%
DLS WisdomTree International SmallCap Dividend	6.63%	34.11%	-4.10%

Correlation

The correlation between DXIV and DLS is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024	0.93

The correlation between DXIV and DLS has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

DXIV vs. DLS - Sectors Allocation Comparison

Sectors	DXIV	DLS
Industrials	19.0%	27.8%
Financial Services	17.6%	13.3%
Basic Materials	12.6%	8.9%
Consumer Cyclical	11.3%	12.8%
Energy	9.8%	3.0%
Technology	7.3%	8.4%
Healthcare	6.6%	3.7%
Consumer Defensive	6.5%	7.9%
Communication Services	5.3%	4.4%
Utilities	2.5%	2.1%
Real Estate	1.6%	7.8%

Return for Risk

DXIV vs. DLS — Risk / Return Rank

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

DXIV

DXIV Risk / Return Rank: 63
DXIV Sharpe Ratio Rank: 67
DXIV Sortino Ratio Rank: 64
DXIV Omega Ratio Rank: 66
DXIV Calmar Ratio Rank: 56
DXIV Martin Ratio Rank: 61

DLS

DLS Risk / Return Rank: 46
DLS Sharpe Ratio Rank: 48
DLS Sortino Ratio Rank: 48
DLS Omega Ratio Rank: 48
DLS Calmar Ratio Rank: 41
DLS Martin Ratio Rank: 45

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.

DXIV vs. DLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional International Vector Equity ETF (DXIV) and WisdomTree International SmallCap Dividend (DLS). 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.

	DXIV	DLS	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.69	+0.52
Sortino ratio: Return per unit of downside risk	3.02	2.41	+0.61
Omega ratio: Gain probability vs. loss probability	1.40	1.31	+0.09
Calmar ratio: Return relative to maximum drawdown	2.76	2.05	+0.70
Martin ratio: Return relative to average drawdown	10.91	7.55	+3.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXIV vs. DLS - Sharpe Ratio Comparison

The current DXIV Sharpe Ratio is 2.22, which is higher than the DLS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of DXIV and DLS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DXIV	DLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	1.69	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	0.33	+1.32

Drawdowns

DXIV vs. DLS - Drawdown Comparison

The maximum DXIV drawdown since its inception was -13.71%, smaller than the maximum DLS drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for DXIV and DLS.

Drawdown Indicators

	DXIV	DLS	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-63.13%	+49.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-11.04%	+0.20%
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	-1.35%	-3.20%	+1.85%
Average Drawdown Average peak-to-trough decline	-2.47%	-13.65%	+11.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.99%	-0.26%

Volatility

DXIV vs. DLS - Volatility Comparison

The current volatility for Dimensional International Vector Equity ETF (DXIV) is 3.89%, while WisdomTree International SmallCap Dividend (DLS) has a volatility of 4.58%. This indicates that DXIV experiences smaller price fluctuations and is considered to be less risky than DLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXIV	DLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	4.58%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	10.98%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	13.44%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	15.57%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	16.67%	-1.28%

DXIV vs. DLS - Expense Ratio Comparison

DXIV has a 0.30% expense ratio, which is lower than DLS's 0.58% expense ratio.

Dividends

DXIV vs. DLS - Dividend Comparison

DXIV's dividend yield for the trailing twelve months is around 2.29%, less than DLS's 3.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLS WisdomTree International SmallCap Dividend	3.50%	3.87%	4.56%	4.29%	4.96%	3.29%	2.50%	3.37%	3.66%	2.79%	3.29%	2.72%
DXIV Dimensional International Vector Equity ETF	2.29%	2.50%	0.64%	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 DXIV and DLS in my portfolio?

With a correlation of 0.93, DXIV and DLS 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, DXIV or DLS?

DLS has higher volatility (4.58%) compared to DXIV (3.89%). In terms of maximum drawdown, DXIV dropped -13.71% vs DLS's -63.13%.

Which ETF is better, DXIV or DLS?

On 1-year performance, DXIV leads with 29.75% vs 22.56% for DLS. On fees, DXIV is cheaper at 0.30% per year. On volatility, DXIV has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DXIV or DLS?

Over the 1-year period, DXIV has performed better with a 29.75% return vs 22.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DXIV or DLS?

DXIV is cheaper with a 0.30% expense ratio, compared with 0.58% for DLS.

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

DLS has the higher dividend yield at 3.50%, compared with 2.29% for DXIV.

What is the main difference between DXIV and DLS?

They also come from different issuers: Dimensional Fund Advisors and WisdomTree. Their fees differ too: 0.30% for DXIV and 0.58% for DLS.

Which has better risk-adjusted returns?

DXIV currently has the higher Sharpe Ratio (2.22 vs 1.69), 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.