USDU vs. DLS
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and DLS (WisdomTree International SmallCap Dividend Fund) are both exchange-traded funds - USDU is a Currency fund actively managed by WisdomTree, while DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index. USDU is actively managed, while DLS is passively managed. Over the past 10 years, USDU returned 2.77%/yr vs 7.86%/yr for DLS. Their -0.46 correlation means they have often moved in opposite directions in the past. USDU charges 0.51%/yr vs 0.58%/yr for DLS.
Performance
USDU vs. DLS - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 2.71% return, which is significantly lower than DLS's 8.83% return. Over the past 10 years, USDU has underperformed DLS with an annualized return of 2.77%, while DLS has yielded a comparatively higher 7.86% annualized return.
USDU
- 1D
- 0.04%
- 1M
- -0.82%
- 6M
- 3.48%
- YTD
- 2.71%
- 1Y
- 4.24%
- 3Y*
- 4.91%
- 5Y*
- 5.31%
- 10Y*
- 2.77%
- ALL TIME*
- 3.21%
DLS
- 1D
- 0.38%
- 1M
- 1.63%
- 6M
- 3.76%
- YTD
- 8.83%
- 1Y
- 18.81%
- 3Y*
- 17.23%
- 5Y*
- 7.14%
- 10Y*
- 7.86%
- ALL TIME*
- 6.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.55M | $1.40M | $1.52M | |
| $7.62M | $7.28M | $8.52M |
USDU vs. DLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 2.71% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
DLS WisdomTree International SmallCap Dividend Fund | 8.83% | 34.11% | 3.06% | 15.33% | -17.31% | 11.71% | -1.28% | 22.20% | -18.95% | 31.83% |
Correlation
The correlation between USDU and DLS is -0.60, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.60 |
Correlation (3Y) Balances recent behavior with more history. | -0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | -0.46 |
The correlation between USDU and DLS shifts across timeframes, from -0.63 (5 years) to -0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USDU vs. DLS — Risk / Return Rank
USDU
DLS
USDU vs. DLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) and WisdomTree International SmallCap Dividend Fund (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.
| USDU | DLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.71 | -0.54 |
| Martin ratioReturn relative to average drawdown | 3.43 | 5.78 | -2.34 |
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Drawdowns
USDU vs. DLS - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum DLS drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for USDU and DLS.
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Drawdown Indicators
| USDU | DLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -63.13% | +48.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -11.04% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -12.69% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -32.22% | +22.94% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | -44.77% | +30.23% |
Current DrawdownCurrent decline from peak | -1.47% | -1.21% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -13.56% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 3.26% | -2.02% |
Volatility
USDU vs. DLS - Volatility Comparison
The current volatility for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is 1.33%, while WisdomTree International SmallCap Dividend Fund (DLS) has a volatility of 4.11%. This indicates that USDU 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
| USDU | DLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 4.11% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 11.78% | -7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 13.92% | -8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 15.64% | -9.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.41% | 16.38% | -8.97% |
USDU vs. DLS - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is lower than DLS's 0.58% expense ratio.
Dividends
USDU vs. DLS - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.73%, more than DLS's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLS WisdomTree International SmallCap Dividend Fund | 3.49% | 3.87% | 4.56% | 4.29% | 4.96% | 3.29% | 2.50% | 3.37% | 3.66% | 2.79% | 3.29% | 2.72% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.73% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
USDU and DLS have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLS has higher volatility (4.11%) compared to USDU (1.33%). In terms of maximum drawdown, USDU dropped -14.54% vs DLS's -63.13%.
On 10-year performance, DLS leads with 7.86% vs 2.77% for USDU. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DLS has performed better with a 7.86% return vs 2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 0.58% for DLS.
USDU has the higher dividend yield at 3.73%, compared with 3.49% for DLS.
USDU is categorized as Currency, while DLS is Foreign Small & Mid Cap Equities. Their fees differ too: 0.51% for USDU and 0.58% for DLS.
DLS currently has the higher Sharpe Ratio (1.36 vs 0.78), 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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