VOOG vs. DDLS

Last updated Jun 9, 2026

VOOG (Vanguard S&P 500 Growth ETF) and DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) are both exchange-traded funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while DDLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree Dynamic Currency Hedged International SmallCap Equity Index. Both are passively managed. Over the past 10 years, VOOG returned 17.80%/yr vs 9.73%/yr for DDLS. A 0.60 correlation means they provide meaningful diversification when combined. VOOG charges 0.07%/yr vs 0.48%/yr for DDLS.

Performance

VOOG vs. DDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Growth ETF (VOOG) and WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOOG achieves a 10.10% return, which is significantly higher than DDLS's 4.38% return. Over the past 10 years, VOOG has outperformed DDLS with an annualized return of 17.80%, while DDLS has yielded a comparatively lower 9.73% annualized return.

VOOG

• 1D: 0.65%
• 1M: -0.20%
• YTD: 10.10%
• 6M: 9.55%
• 1Y: 29.06%
• 3Y*: 26.66%
• 5Y*: 15.20%
• 10Y*: 17.80%

DDLS

• 1D: 0.15%
• 1M: -2.20%
• YTD: 4.38%
• 6M: 6.82%
• 1Y: 19.34%
• 3Y*: 16.54%
• 5Y*: 9.39%
• 10Y*: 9.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOOG vs. DDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOOG Vanguard S&P 500 Growth ETF	10.10%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	4.38%	27.97%	10.22%	15.25%	-10.13%	17.75%	-2.95%	24.84%	-16.92%	26.91%

Correlation

The correlation between VOOG and DDLS is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016	0.60

The correlation between VOOG and DDLS has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

VOOG vs. DDLS - Sectors Allocation Comparison

Sectors	VOOG	DDLS
Technology	49.4%	7.8%
Communication Services	18.0%	3.7%
Consumer Cyclical	9.4%	11.2%
Financial Services	8.8%	12.9%
Industrials	6.2%	25.1%
Healthcare	5.8%	2.7%
Consumer Defensive	1.0%	5.9%
Real Estate	0.6%	6.3%
Utilities	0.4%	2.0%
Basic Materials	0.4%	8.0%
Energy	0.1%	3.2%

Return for Risk

VOOG vs. DDLS — Risk / Return Rank

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

VOOG

VOOG Risk / Return Rank: 55
VOOG Sharpe Ratio Rank: 59
VOOG Sortino Ratio Rank: 56
VOOG Omega Ratio Rank: 56
VOOG Calmar Ratio Rank: 47
VOOG Martin Ratio Rank: 55

DDLS

DDLS Risk / Return Rank: 46
DDLS Sharpe Ratio Rank: 48
DDLS Sortino Ratio Rank: 49
DDLS Omega Ratio Rank: 48
DDLS Calmar Ratio Rank: 40
DDLS 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.

VOOG vs. DDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth ETF (VOOG) 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.

	VOOG	DDLS	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.49	+0.30
Sortino ratio: Return per unit of downside risk	2.41	2.16	+0.26
Omega ratio: Gain probability vs. loss probability	1.31	1.28	+0.04
Calmar ratio: Return relative to maximum drawdown	2.13	1.82	+0.31
Martin ratio: Return relative to average drawdown	8.74	6.73	+2.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOOG vs. DDLS - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 1.79, which is comparable to the DDLS Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of VOOG and DDLS, 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

	VOOG	DDLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.49	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.68	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.63	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.63	+0.26

Drawdowns

VOOG vs. DDLS - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, smaller than the maximum DDLS drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for VOOG and DDLS.

Drawdown Indicators

	VOOG	DDLS	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-36.80%	+4.07%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-10.69%	-3.02%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-11.66%	-10.52%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-19.87%	-12.86%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	-36.80%	+4.07%
Current Drawdown Current decline from peak	-4.28%	-4.42%	+0.14%
Average Drawdown Average peak-to-trough decline	-4.97%	-5.70%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	2.88%	+0.45%

Volatility

VOOG vs. DDLS - Volatility Comparison

Vanguard S&P 500 Growth ETF (VOOG) has a higher volatility of 5.61% compared to WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) at 3.81%. This indicates that VOOG's price experiences larger fluctuations and is considered to be riskier than DDLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOG	DDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	3.81%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	10.74%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	13.03%	+3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	13.78%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.77%	15.61%	+5.16%

VOOG vs. DDLS - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is lower than DDLS's 0.48% expense ratio.

Dividends

VOOG vs. DDLS - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.45%, less than DDLS's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDLS WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund	3.59%	3.80%	4.11%	4.05%	5.44%	3.18%	3.16%	3.68%	1.75%	1.60%	3.47%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.45%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both VOOG and DDLS in my portfolio?

VOOG and DDLS 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.

Which is riskier, VOOG or DDLS?

VOOG has higher volatility (5.61%) compared to DDLS (3.81%). In terms of maximum drawdown, VOOG dropped -32.73% vs DDLS's -36.80%.

Which ETF is better, VOOG or DDLS?

On 10-year performance, VOOG leads with 17.80% vs 9.73% for DDLS. On fees, VOOG is cheaper at 0.07% per year. On volatility, DDLS has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOG or DDLS?

Over the 10-year period, VOOG has performed better with a 17.80% return vs 9.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOG or DDLS?

VOOG is cheaper with a 0.07% expense ratio, compared with 0.48% for DDLS.

Which ETF pays a higher dividend yield, VOOG or DDLS?

DDLS has the higher dividend yield at 3.59%, compared with 0.45% for VOOG.

What is the main difference between VOOG and DDLS?

VOOG is categorized as S&P 500, while DDLS is Foreign Small & Mid Cap Equities. VOOG tracks S&P 500 Growth Index, while DDLS tracks WisdomTree Dynamic Currency Hedged International SmallCap Equity Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.07% for VOOG and 0.48% for DDLS.

Which has better risk-adjusted returns?

VOOG currently has the higher Sharpe Ratio (1.79 vs 1.49), 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.