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IJS vs. DLS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. DLS

Last updated Aug 1, 2026
Documentation

IJS (iShares S&P SmallCap 600 Value ETF) and DLS (WisdomTree International SmallCap Dividend) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index. Both are passively managed. Over the past 10 years, IJS returned 10.17%/yr vs 7.86%/yr for DLS. Their 0.70 correlation means they have sometimes moved together and sometimes differently. IJS charges 0.25%/yr vs 0.58%/yr for DLS.

Performance

IJS vs. DLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Value ETF (IJS) and WisdomTree International SmallCap Dividend (DLS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJS achieves a 20.25% return, which is significantly higher than DLS's 8.42% return. Over the past 10 years, IJS has outperformed DLS with an annualized return of 10.17%, while DLS has yielded a comparatively lower 7.86% annualized return.

IJS

1D
0.09%
1M
0.38%
6M
12.92%
YTD
20.25%
1Y
39.43%
3Y*
12.47%
5Y*
7.91%
10Y*
10.17%
ALL TIME*
9.94%

DLS

1D
-0.16%
1M
1.24%
6M
3.30%
YTD
8.42%
1Y
18.36%
3Y*
16.62%
5Y*
7.13%
10Y*
7.86%
ALL TIME*
6.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DLS

WisdomTree International SmallCap Dividend
$1.54M$1.48M$1.54M

IJS

iShares S&P SmallCap 600 Value ETF
$28.19M$29.28M$50.29M

IJS vs. DLS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJS
iShares S&P SmallCap 600 Value ETF		20.25%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%
DLS
WisdomTree International SmallCap Dividend		8.42%34.11%3.06%15.33%-17.31%11.71%-1.28%22.20%-18.95%31.83%

Correlation

The correlation between IJS and DLS is 0.59, 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.

0.59

Correlation (3Y)
Balances recent behavior with more history.

0.64

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.67

Correlation (10Y)
Provides a long-term view across more market conditions.

0.65

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2006

0.70

The correlation between IJS and DLS shifts across timeframes, from 0.59 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

IJS vs. DLS - Sectors Allocation Comparison

Sectors
IJS
DLS

Financial Services

20.2%
13.8%

Consumer Cyclical

15.2%
12.9%

Technology

13.4%
9.1%

Industrials

12.2%
28.0%

Real Estate

8.5%
7.4%

Healthcare

7.7%
3.6%

Basic Materials

6.2%
9.0%

Energy

6.0%
2.4%

Consumer Defensive

5.0%
7.7%

Communication Services

3.8%
4.2%

Utilities

2.0%
2.0%

Financial Services

IJS
20.2%
DLS
13.8%

Consumer Cyclical

IJS
15.2%
DLS
12.9%

Technology

IJS
13.4%
DLS
9.1%

Industrials

IJS
12.2%
DLS
28.0%

Real Estate

IJS
8.5%
DLS
7.4%

Healthcare

IJS
7.7%
DLS
3.6%

Basic Materials

IJS
6.2%
DLS
9.0%

Energy

IJS
6.0%
DLS
2.4%

Consumer Defensive

IJS
5.0%
DLS
7.7%

Communication Services

IJS
3.8%
DLS
4.2%

Utilities

IJS
2.0%
DLS
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P SmallCap 600 Value ETF

WisdomTree International SmallCap Dividend

Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. ISCV
Often compared with DLS:
DLS vs. AVDVDLS vs. DDLSDLS vs. VSSDLS vs. DGSDLS vs. ISVLDLS vs. FNDCDLS vs. VEA

Return for Risk

IJS vs. DLS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IJS
IJS Risk / Return Rank: 8888
Overall Rank
IJS Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 8989
Sortino Ratio Rank
IJS Omega Ratio Rank: 8585
Omega Ratio Rank
IJS Calmar Ratio Rank: 9191
Calmar Ratio Rank
IJS Martin Ratio Rank: 8989
Martin Ratio Rank
DLS
DLS Risk / Return Rank: 5353
Overall Rank
DLS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
DLS Sortino Ratio Rank: 5858
Sortino Ratio Rank
DLS Omega Ratio Rank: 5656
Omega Ratio Rank
DLS Calmar Ratio Rank: 4747
Calmar Ratio Rank
DLS Martin Ratio Rank: 4949
Martin Ratio Rank
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.

IJS vs. DLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) 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.

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.

IJSDLSDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.34

+0.75

Sortino ratioReturn per unit of downside risk
3.02
1.96

+1.06

Omega ratioGain probability vs. loss probability

1.37

1.25

+0.12

Calmar ratioReturn relative to maximum drawdown

3.99

1.69

+2.30

Martin ratioReturn relative to average drawdown

13.67

5.71

+7.96

IJS vs. DLS - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 2.09, which is higher than the DLS Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of IJS 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.

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Drawdowns

IJS vs. DLS - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, roughly equal to the maximum DLS drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for IJS and DLS.

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Drawdown Indicators

IJSDLSDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-63.13%

+3.02%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-11.04%

+1.76%

Max Drawdown (3Y)

Largest decline over 3 years

-28.65%

-12.69%

-15.96%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-32.22%

+3.57%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-44.77%

-2.91%

Current Drawdown

Current decline from peak

-1.56%

-1.58%

+0.02%

Average Drawdown

Average peak-to-trough decline

-9.84%

-13.56%

+3.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

3.26%

-0.56%

Volatility

IJS vs. DLS - Volatility Comparison

The current volatility for iShares S&P SmallCap 600 Value ETF (IJS) is 3.53%, while WisdomTree International SmallCap Dividend (DLS) has a volatility of 4.23%. This indicates that IJS 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.

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Volatility by Period

IJSDLSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

4.23%

-0.70%

Volatility (6M)

Calculated over the trailing 6-month period

11.13%

11.84%

-0.71%

Volatility (1Y)

Calculated over the trailing 1-year period

17.74%

13.89%

+3.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.71%

15.63%

+6.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.54%

16.38%

+7.16%

IJS vs. DLS - Expense Ratio Comparison

IJS has a 0.25% expense ratio, which is lower than DLS's 0.58% expense ratio.

Dividends

IJS vs. DLS - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.32%, less than DLS's 3.51% yield.

PositionTTM20252024202320222021202020192018201720162015
DLS
WisdomTree International SmallCap Dividend		3.51%3.87%4.56%4.29%4.96%3.29%2.50%3.37%3.66%2.79%3.29%2.72%
IJS
iShares S&P SmallCap 600 Value ETF		1.32%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%

Frequently Asked Questions

IJS and DLS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DLS has higher volatility (4.23%) compared to IJS (3.53%). In terms of maximum drawdown, IJS dropped -60.11% vs DLS's -63.13%.

On 10-year performance, IJS leads with 10.17% vs 7.86% for DLS. On fees, IJS is cheaper at 0.25% per year. On volatility, IJS has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJS has performed better with a 10.17% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJS is cheaper with a 0.25% expense ratio, compared with 0.58% for DLS.

DLS has the higher dividend yield at 3.51%, compared with 1.32% for IJS.

IJS is categorized as Small Cap Value Equities, while DLS is Foreign Small & Mid Cap Equities. IJS tracks S&P SmallCap 600 Value Index, while DLS tracks WisdomTree International SmallCap Dividend Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.25% for IJS and 0.58% for DLS.

IJS currently has the higher Sharpe Ratio (2.09 vs 1.34), 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.

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