SCHC vs. DLS

Last updated Jun 4, 2026

SCHC (Schwab International Small-Cap Equity ETF) and DLS (WisdomTree International SmallCap Dividend) are both Foreign Small & Mid Cap Equities funds - SCHC tracks the FTSE Custom Developed Small Cap ex-US Liquid Net of Tax (Lux) while DLS tracks the WisdomTree International SmallCap Dividend Index. Both are passively managed. Over the past 10 years, SCHC returned 8.02%/yr vs 7.46%/yr for DLS. Their correlation of 0.94 suggests significant overlap in exposure. SCHC charges 0.11%/yr vs 0.58%/yr for DLS.

Performance

SCHC vs. DLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab International Small-Cap Equity ETF (SCHC) 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, SCHC achieves a 9.49% return, which is significantly higher than DLS's 6.63% return. Over the past 10 years, SCHC has outperformed DLS with an annualized return of 8.02%, while DLS has yielded a comparatively lower 7.46% annualized return.

SCHC

• 1D: -1.27%
• 1M: 0.52%
• YTD: 9.49%
• 6M: 12.08%
• 1Y: 27.44%
• 3Y*: 17.96%
• 5Y*: 6.18%
• 10Y*: 8.02%

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)

SCHC vs. DLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHC Schwab International Small-Cap Equity ETF	9.49%	37.59%	1.97%	14.36%	-21.74%	12.02%	10.48%	23.10%	-18.60%	29.42%
DLS WisdomTree International SmallCap Dividend	6.63%	34.11%	3.06%	15.33%	-17.31%	11.71%	-1.28%	22.20%	-18.95%	31.83%

Correlation

The correlation between SCHC 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 (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 15, 2010	0.94

The correlation between SCHC and DLS has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

SCHC vs. DLS - Sectors Allocation Comparison

Sectors	SCHC	DLS
Industrials	22.4%	27.8%
Basic Materials	13.7%	8.9%
Financial Services	12.6%	13.3%
Consumer Cyclical	10.0%	12.8%
Technology	9.2%	8.4%
Real Estate	8.6%	7.8%
Energy	6.5%	3.0%
Healthcare	6.5%	3.7%
Consumer Defensive	4.1%	7.9%
Communication Services	3.2%	4.4%
Utilities	3.2%	2.1%

Return for Risk

SCHC vs. DLS — Risk / Return Rank

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

SCHC

SCHC Risk / Return Rank: 49
SCHC Sharpe Ratio Rank: 51
SCHC Sortino Ratio Rank: 50
SCHC Omega Ratio Rank: 50
SCHC Calmar Ratio Rank: 44
SCHC Martin Ratio Rank: 49

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.

SCHC vs. DLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Small-Cap Equity ETF (SCHC) 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.

	SCHC	DLS	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.69	+0.09
Sortino ratio: Return per unit of downside risk	2.47	2.41	+0.05
Omega ratio: Gain probability vs. loss probability	1.32	1.31	+0.01
Calmar ratio: Return relative to maximum drawdown	2.21	2.05	+0.16
Martin ratio: Return relative to average drawdown	8.41	7.55	+0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHC vs. DLS - Sharpe Ratio Comparison

The current SCHC Sharpe Ratio is 1.78, which is comparable to the DLS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SCHC 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

	SCHC	DLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	1.69	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.42	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.45	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.33	+0.07

Drawdowns

SCHC vs. DLS - Drawdown Comparison

The maximum SCHC drawdown since its inception was -43.94%, smaller than the maximum DLS drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for SCHC and DLS.

Drawdown Indicators

	SCHC	DLS	Difference
Max Drawdown Largest peak-to-trough decline	-43.94%	-63.13%	+19.19%
Max Drawdown (1Y) Largest decline over 1 year	-12.48%	-11.04%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-12.69%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-36.48%	-32.22%	-4.26%
Max Drawdown (10Y) Largest decline over 10 years	-43.94%	-44.77%	+0.83%
Current Drawdown Current decline from peak	-3.28%	-3.20%	-0.08%
Average Drawdown Average peak-to-trough decline	-10.05%	-13.65%	+3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	2.99%	+0.28%

Volatility

SCHC vs. DLS - Volatility Comparison

Schwab International Small-Cap Equity ETF (SCHC) has a higher volatility of 5.05% compared to WisdomTree International SmallCap Dividend (DLS) at 4.58%. This indicates that SCHC's price experiences larger fluctuations and is considered to be riskier than DLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHC	DLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	4.58%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	13.05%	10.98%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.50%	13.44%	+2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	15.57%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	16.67%	+1.32%

SCHC vs. DLS - Expense Ratio Comparison

SCHC has a 0.11% expense ratio, which is lower than DLS's 0.58% expense ratio.

Dividends

SCHC vs. DLS - Dividend Comparison

SCHC's dividend yield for the trailing twelve months is around 3.34%, 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%
SCHC Schwab International Small-Cap Equity ETF	3.34%	3.66%	3.72%	2.94%	1.78%	3.02%	1.62%	3.23%	2.51%	2.73%	2.01%	2.34%

Frequently Asked Questions

Can I hold both SCHC and DLS in my portfolio?

With a correlation of 0.93, SCHC 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, SCHC or DLS?

SCHC has higher volatility (5.05%) compared to DLS (4.58%). In terms of maximum drawdown, SCHC dropped -43.94% vs DLS's -63.13%.

Which ETF is better, SCHC or DLS?

On 10-year performance, SCHC leads with 8.02% vs 7.46% for DLS. On fees, SCHC is cheaper at 0.11% per year. On volatility, DLS has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHC or DLS?

Over the 10-year period, SCHC has performed better with a 8.02% return vs 7.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHC or DLS?

SCHC is cheaper with a 0.11% expense ratio, compared with 0.58% for DLS.

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

DLS has the higher dividend yield at 3.50%, compared with 3.34% for SCHC.

What is the main difference between SCHC and DLS?

SCHC tracks FTSE Custom Developed Small Cap ex-US Liquid Net of Tax (Lux), while DLS tracks WisdomTree International SmallCap Dividend Index. They also come from different issuers: Charles Schwab and WisdomTree. Their fees differ too: 0.11% for SCHC and 0.58% for DLS.

Which has better risk-adjusted returns?

SCHC currently has the higher Sharpe Ratio (1.78 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.