NISM vs. DDLS
NISM (NYLI International Small-Mid Cap Equity ETF) and DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) are both Foreign Small & Mid Cap Equities funds. NISM is actively managed, while DDLS is passively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. NISM charges 0.70%/yr vs 0.48%/yr for DDLS.
Performance
NISM vs. DDLS - Performance Comparison
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Returns By Period
NISM
- 1D
- 0.88%
- 1M
- 0.67%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DDLS
- 1D
- 0.56%
- 1M
- 2.47%
- 6M
- 2.49%
- YTD
- 7.07%
- 1Y
- 14.56%
- 3Y*
- 16.44%
- 5Y*
- 9.79%
- 10Y*
- 9.74%
- ALL TIME*
- 9.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $739.20K | $838.59K | $938.05K | |
| $2.01K | $15.28K | $8.22K |
NISM vs. DDLS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NISM NYLI International Small-Mid Cap Equity ETF | -1.67% |
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 0.92% |
Correlation
The correlation between NISM and DDLS is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 13, 2026 | 0.75 |
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Return for Risk
NISM vs. DDLS — Risk / Return Rank
NISM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DDLS
NISM vs. DDLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI International Small-Mid Cap Equity ETF (NISM) 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.
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.
| NISM | DDLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.37 | — |
| Martin ratioReturn relative to average drawdown | — | 4.69 | — |
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Drawdowns
NISM vs. DDLS - Drawdown Comparison
The maximum NISM drawdown since its inception was -4.35%, smaller than the maximum DDLS drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for NISM and DDLS.
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Drawdown Indicators
| NISM | DDLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -36.80% | +32.45% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.69% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.80% | — |
Current DrawdownCurrent decline from peak | -1.74% | -1.97% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -5.67% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.12% | — |
Volatility
NISM vs. DDLS - Volatility Comparison
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Volatility by Period
| NISM | DDLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 13.21% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 13.76% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.85% | 15.51% | -1.66% |
NISM vs. DDLS - Expense Ratio Comparison
NISM has a 0.70% expense ratio, which is higher than DDLS's 0.48% expense ratio.
Dividends
NISM vs. DDLS - Dividend Comparison
NISM's dividend yield for the trailing twelve months is around 0.24%, less than DDLS's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | 3.60% | 3.80% | 4.11% | 4.05% | 5.44% | 3.18% | 3.16% | 3.68% | 1.75% | 1.60% | 3.47% |
NISM NYLI International Small-Mid Cap Equity ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NISM and DDLS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DDLS is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DDLS is cheaper with a 0.48% expense ratio, compared with 0.70% for NISM.
DDLS has the higher dividend yield at 3.60%, compared with 0.24% for NISM.
They also come from different issuers: New York Life Investment Management and WisdomTree. Their fees differ too: 0.70% for NISM and 0.48% for DDLS.
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