NISM vs. DLS
NISM (NYLI International Small-Mid Cap Equity ETF) and DLS (WisdomTree International SmallCap Dividend) are both Foreign Small & Mid Cap Equities funds. NISM is actively managed, while DLS is passively managed. Their correlation of 0.82 means they have usually moved in the same direction. NISM charges 0.70%/yr vs 0.58%/yr for DLS.
Performance
NISM vs. DLS - Performance Comparison
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Returns By Period
NISM
- 1D
- 0.88%
- 1M
- 0.67%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DLS
- 1D
- 0.45%
- 1M
- 1.83%
- 6M
- 1.72%
- YTD
- 7.18%
- 1Y
- 14.35%
- 3Y*
- 15.92%
- 5Y*
- 6.91%
- 10Y*
- 7.58%
- ALL TIME*
- 6.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.13M | $1.42M | $1.59M | |
| $2.01K | $15.28K | $8.22K |
NISM vs. DLS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NISM NYLI International Small-Mid Cap Equity ETF | -1.67% |
DLS WisdomTree International SmallCap Dividend | -1.28% |
Correlation
The correlation between NISM and DLS is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 13, 2026 | 0.82 |
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Return for Risk
NISM vs. DLS — Risk / Return Rank
NISM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DLS
NISM vs. DLS - 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 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.
| NISM | DLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.31 | — |
| Martin ratioReturn relative to average drawdown | — | 4.43 | — |
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Drawdowns
NISM vs. DLS - Drawdown Comparison
The maximum NISM drawdown since its inception was -4.35%, smaller than the maximum DLS drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for NISM and DLS.
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Drawdown Indicators
| NISM | DLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -63.13% | +58.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.04% | — |
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 DrawdownCurrent decline from peak | -1.74% | -2.70% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -13.57% | +11.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.26% | — |
Volatility
NISM vs. DLS - Volatility Comparison
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Volatility by Period
| NISM | DLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 13.82% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 15.61% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.85% | 16.38% | -2.53% |
NISM vs. DLS - Expense Ratio Comparison
NISM has a 0.70% expense ratio, which is higher than DLS's 0.58% expense ratio.
Dividends
NISM vs. DLS - Dividend Comparison
NISM's dividend yield for the trailing twelve months is around 0.24%, less than DLS's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLS WisdomTree International SmallCap Dividend | 3.55% | 3.87% | 4.56% | 4.29% | 4.96% | 3.29% | 2.50% | 3.37% | 3.66% | 2.79% | 3.29% | 2.72% |
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% | 0.00% |
Frequently Asked Questions
NISM and DLS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DLS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DLS is cheaper with a 0.58% expense ratio, compared with 0.70% for NISM.
DLS has the higher dividend yield at 3.55%, 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 0.58% for DLS.
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