VV vs. DLS

Last updated Aug 4, 2026

VV (Vanguard Large-Cap ETF) and DLS (WisdomTree International SmallCap Dividend Fund) are both exchange-traded funds - VV is a Large Cap Blend Equities fund tracking the CRSP US Large Cap Index, while DLS is a Foreign Small & Mid Cap Equities fund tracking the WisdomTree International SmallCap Dividend Index. Both are passively managed. Over the past 10 years, VV returned 15.17%/yr vs 7.86%/yr for DLS. Their 0.77 correlation means they have sometimes moved together and sometimes differently. VV charges 0.04%/yr vs 0.58%/yr for DLS.

Performance

VV vs. DLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large-Cap ETF (VV) and WisdomTree International SmallCap Dividend Fund (DLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VV achieves a 11.47% return, which is significantly higher than DLS's 8.83% return. Over the past 10 years, VV has outperformed DLS with an annualized return of 15.17%, while DLS has yielded a comparatively lower 7.86% annualized return.

VV

• 1D: 1.54%
• 1M: 1.73%
• 6M: 9.64%
• YTD: 11.47%
• 1Y: 22.84%
• 3Y*: 21.03%
• 5Y*: 12.67%
• 10Y*: 15.17%
• ALL TIME*: 11.04%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DLS WisdomTree International SmallCap Dividend Fund	$1.55M	$1.40M	$1.52M
VV Vanguard Large-Cap ETF	$82.71M	$75.65M	$91.95M

VV vs. DLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VV Vanguard Large-Cap ETF	11.47%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%
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 VV and DLS is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (10Y) Provides a long-term view across more market conditions.	0.73
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006	0.77

The correlation between VV and DLS shifts across timeframes, from 0.64 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.

VV vs. DLS - Sectors Allocation Comparison

Sectors	VV	DLS
Technology	39.1%	9.1%
Financial Services	11.5%	13.8%
Communication Services	9.7%	4.2%
Consumer Cyclical	9.0%	12.9%
Healthcare	8.9%	3.6%
Industrials	8.2%	28.0%
Consumer Defensive	4.4%	7.7%
Energy	3.0%	2.4%
Utilities	2.5%	2.0%
Basic Materials	1.7%	9.0%
Real Estate	1.6%	7.4%

Return for Risk

VV vs. DLS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VV

VV Risk / Return Rank: 75
VV Sharpe Ratio Rank: 76
VV Sortino Ratio Rank: 74
VV Omega Ratio Rank: 74
VV Calmar Ratio Rank: 70
VV Martin Ratio Rank: 80

DLS

DLS Risk / Return Rank: 52
DLS Sharpe Ratio Rank: 54
DLS Sortino Ratio Rank: 55
DLS Omega Ratio Rank: 54
DLS Calmar Ratio Rank: 46
DLS Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VV vs. DLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap ETF (VV) 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.

	VV	DLS	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.36	+0.41
Sortino ratio: Return per unit of downside risk	2.45	1.99	+0.46
Omega ratio: Gain probability vs. loss probability	1.32	1.25	+0.07
Calmar ratio: Return relative to maximum drawdown	2.49	1.71	+0.78
Martin ratio: Return relative to average drawdown	10.49	5.78	+4.72

VV vs. DLS - Sharpe Ratio Comparison

The current VV Sharpe Ratio is 1.77, which is higher than the DLS Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of VV 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.

Drawdowns

VV vs. DLS - Drawdown Comparison

The maximum VV drawdown since its inception was -54.81%, smaller than the maximum DLS drawdown of -63.13%. Use the drawdown chart below to compare losses from any high point for VV and DLS.

Drawdown Indicators

	VV	DLS	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-63.13%	+8.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-11.04%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-12.69%	-6.28%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-32.22%	+6.56%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	-44.77%	+10.49%
Current Drawdown Current decline from peak	-0.02%	-1.21%	+1.19%
Average Drawdown Average peak-to-trough decline	-6.80%	-13.56%	+6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.26%	-1.08%

Volatility

VV vs. DLS - Volatility Comparison

Vanguard Large-Cap ETF (VV) and WisdomTree International SmallCap Dividend Fund (DLS) have volatilities of 3.94% and 4.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VV	DLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	4.11%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	11.78%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	13.00%	13.92%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	15.64%	+1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.22%	16.38%	+1.84%

VV vs. DLS - Expense Ratio Comparison

VV has a 0.04% expense ratio, which is lower than DLS's 0.58% expense ratio.

Dividends

VV vs. DLS - Dividend Comparison

VV's dividend yield for the trailing twelve months is around 1.01%, less 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%
VV Vanguard Large-Cap ETF	1.01%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both VV and DLS in my portfolio?

VV and DLS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VV or DLS?

DLS has higher volatility (4.11%) compared to VV (3.94%). In terms of maximum drawdown, VV dropped -54.81% vs DLS's -63.13%.

Which ETF is better, VV or DLS?

On 10-year performance, VV leads with 15.17% vs 7.86% for DLS. On fees, VV is cheaper at 0.04% per year. On volatility, VV has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VV or DLS?

Over the 10-year period, VV has performed better with a 15.17% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VV or DLS?

VV is cheaper with a 0.04% expense ratio, compared with 0.58% for DLS.

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

DLS has the higher dividend yield at 3.49%, compared with 1.01% for VV.

What is the main difference between VV and DLS?

VV is categorized as Large Cap Blend Equities, while DLS is Foreign Small & Mid Cap Equities. VV tracks CRSP US Large Cap Index, while DLS tracks WisdomTree International SmallCap Dividend Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.04% for VV and 0.58% for DLS.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (1.77 vs 1.36), 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.