FNDC vs. DDLS

Last updated Jun 4, 2026

FNDC (Schwab Fundamental International Small Co. Index ETF) and DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) are both Foreign Small & Mid Cap Equities funds - FNDC tracks the Russell RAFI Small Company Developed x US while DDLS tracks the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index. Both are passively managed. Over the past 10 years, FNDC returned 8.66%/yr vs 9.73%/yr for DDLS. Their correlation of 0.84 suggests significant overlap in exposure. FNDC charges 0.39%/yr vs 0.48%/yr for DDLS.

Performance

FNDC vs. DDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental International Small Co. Index ETF (FNDC) and WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNDC achieves a 11.36% return, which is significantly higher than DDLS's 5.70% return. Over the past 10 years, FNDC has underperformed DDLS with an annualized return of 8.66%, while DDLS has yielded a comparatively higher 9.73% annualized return.

FNDC

• 1D: -0.64%
• 1M: 1.12%
• YTD: 11.36%
• 6M: 13.51%
• 1Y: 27.62%
• 3Y*: 18.14%
• 5Y*: 7.17%
• 10Y*: 8.66%

DDLS

• 1D: -0.85%
• 1M: 2.35%
• YTD: 5.70%
• 6M: 8.32%
• 1Y: 22.41%
• 3Y*: 17.12%
• 5Y*: 9.57%
• 10Y*: 9.73%

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

FNDC vs. DDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNDC Schwab Fundamental International Small Co. Index ETF	11.36%	35.65%	1.38%	14.92%	-14.71%	10.26%	6.58%	20.58%	-19.10%	29.22%
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	5.70%	27.97%	10.22%	15.25%	-10.13%	17.75%	-2.95%	24.84%	-16.92%	26.91%

Correlation

The correlation between FNDC and DDLS is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016	0.84

The correlation between FNDC and DDLS has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

FNDC vs. DDLS - Sectors Allocation Comparison

Sectors	FNDC	DDLS
Industrials	25.8%	25.1%
Consumer Cyclical	12.8%	11.2%
Financial Services	11.5%	12.9%
Basic Materials	11.0%	8.0%
Technology	8.7%	7.8%
Real Estate	6.9%	6.3%
Consumer Defensive	6.3%	5.9%
Healthcare	4.9%	2.7%
Communication Services	4.8%	3.7%
Energy	4.6%	3.2%
Utilities	2.8%	2.0%

Return for Risk

FNDC vs. DDLS — Risk / Return Rank

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

FNDC

FNDC Risk / Return Rank: 54
FNDC Sharpe Ratio Rank: 56
FNDC Sortino Ratio Rank: 57
FNDC Omega Ratio Rank: 56
FNDC Calmar Ratio Rank: 49
FNDC Martin Ratio Rank: 53

DDLS

DDLS Risk / Return Rank: 49
DDLS Sharpe Ratio Rank: 51
DDLS Sortino Ratio Rank: 52
DDLS Omega Ratio Rank: 52
DDLS Calmar Ratio Rank: 43
DDLS Martin Ratio Rank: 48

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.

FNDC vs. DDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Small Co. Index ETF (FNDC) and WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS). 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.

	FNDC	DDLS	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.75	+0.20
Sortino ratio: Return per unit of downside risk	2.75	2.52	+0.23
Omega ratio: Gain probability vs. loss probability	1.35	1.32	+0.03
Calmar ratio: Return relative to maximum drawdown	2.48	2.10	+0.37
Martin ratio: Return relative to average drawdown	9.29	7.89	+1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNDC vs. DDLS - Sharpe Ratio Comparison

The current FNDC Sharpe Ratio is 1.95, which is comparable to the DDLS Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FNDC and DDLS, 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

	FNDC	DDLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.75	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.70	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.63	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.64	-0.14

Drawdowns

FNDC vs. DDLS - Drawdown Comparison

The maximum FNDC drawdown since its inception was -43.22%, which is greater than DDLS's maximum drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for FNDC and DDLS.

Drawdown Indicators

	FNDC	DDLS	Difference
Max Drawdown Largest peak-to-trough decline	-43.22%	-36.80%	-6.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-10.69%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-12.98%	-11.66%	-1.32%
Max Drawdown (5Y) Largest decline over 5 years	-32.13%	-19.87%	-12.26%
Max Drawdown (10Y) Largest decline over 10 years	-43.22%	-36.80%	-6.42%
Current Drawdown Current decline from peak	-2.09%	-3.22%	+1.13%
Average Drawdown Average peak-to-trough decline	-8.45%	-5.71%	-2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.85%	+0.13%

Volatility

FNDC vs. DDLS - Volatility Comparison

Schwab Fundamental International Small Co. Index ETF (FNDC) has a higher volatility of 4.67% compared to WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) at 3.89%. This indicates that FNDC's price experiences larger fluctuations and is considered to be riskier than DDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNDC	DDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	3.89%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	11.77%	10.53%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	12.92%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.98%	13.75%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	15.59%	+1.21%

FNDC vs. DDLS - Expense Ratio Comparison

FNDC has a 0.39% expense ratio, which is lower than DDLS's 0.48% expense ratio.

Dividends

FNDC vs. DDLS - Dividend Comparison

FNDC's dividend yield for the trailing twelve months is around 3.46%, less than DDLS's 3.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	3.54%	3.80%	4.11%	4.05%	5.44%	3.18%	3.16%	3.68%	1.75%	1.60%	3.47%	0.00%
FNDC Schwab Fundamental International Small Co. Index ETF	3.46%	3.86%	3.59%	2.86%	1.98%	2.58%	1.77%	2.71%	2.68%	1.94%	1.95%	1.30%

Frequently Asked Questions

Can I hold both FNDC and DDLS in my portfolio?

FNDC and DDLS have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNDC or DDLS?

FNDC has higher volatility (4.67%) compared to DDLS (3.89%). In terms of maximum drawdown, FNDC dropped -43.22% vs DDLS's -36.80%.

Which ETF is better, FNDC or DDLS?

On 10-year performance, DDLS leads with 9.73% vs 8.66% for FNDC. On fees, FNDC is cheaper at 0.39% per year. On volatility, DDLS 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, FNDC or DDLS?

Over the 10-year period, DDLS has performed better with a 9.73% return vs 8.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDC or DDLS?

FNDC is cheaper with a 0.39% expense ratio, compared with 0.48% for DDLS.

Which ETF pays a higher dividend yield, FNDC or DDLS?

DDLS has the higher dividend yield at 3.54%, compared with 3.46% for FNDC.

What is the main difference between FNDC and DDLS?

FNDC tracks Russell RAFI Small Company Developed x US, while DDLS tracks WisdomTree Dynamic Currency Hedged International SmallCap Equity Index. They also come from different issuers: Charles Schwab and WisdomTree. Their fees differ too: 0.39% for FNDC and 0.48% for DDLS.

Which has better risk-adjusted returns?

FNDC currently has the higher Sharpe Ratio (1.95 vs 1.75), 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.