XLV vs. DDLS

Last updated Jun 9, 2026

XLV (State Street Health Care Select Sector SPDR ETF) and DDLS (WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund) are both exchange-traded funds - XLV is a Health & Biotech Equities fund tracking the Health Care Select Sector 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, XLV returned 9.65%/yr vs 9.73%/yr for DDLS. At a 0.46 correlation, their price movements are largely independent. XLV charges 0.08%/yr vs 0.48%/yr for DDLS.

Performance

XLV vs. DDLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Health Care Select Sector SPDR ETF (XLV) 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, XLV achieves a -0.98% return, which is significantly lower than DDLS's 4.38% return. Both investments have delivered pretty close results over the past 10 years, with XLV having a 9.65% annualized return and DDLS not far ahead at 9.73%.

XLV

• 1D: -0.24%
• 1M: 6.38%
• YTD: -0.98%
• 6M: 1.65%
• 1Y: 15.62%
• 3Y*: 7.16%
• 5Y*: 6.05%
• 10Y*: 9.65%

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)

XLV vs. DDLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLV State Street Health Care Select Sector SPDR ETF	-0.98%	14.50%	2.47%	2.07%	-2.08%	26.04%	13.30%	20.45%	6.28%	21.77%
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 XLV and DDLS is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016	0.46

The correlation between XLV and DDLS shifts across timeframes, from 0.34 (1 year) to 0.47 (10 years), reflecting how their relationship changes across market environments.

XLV vs. DDLS - Sectors Allocation Comparison

Sectors	XLV	DDLS
Healthcare	100.0%	2.7%
Basic Materials	-	8.0%
Communication Services	-	3.7%
Consumer Cyclical	-	11.2%
Consumer Defensive	-	5.9%
Energy	-	3.2%
Financial Services	-	12.9%
Industrials	-	25.1%
Real Estate	-	6.3%
Technology	-	7.8%
Utilities	-	2.0%

Return for Risk

XLV vs. DDLS — Risk / Return Rank

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

XLV

XLV Risk / Return Rank: 32
XLV Sharpe Ratio Rank: 32
XLV Sortino Ratio Rank: 34
XLV Omega Ratio Rank: 31
XLV Calmar Ratio Rank: 33
XLV Martin Ratio Rank: 28

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.

XLV vs. DDLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Health Care Select Sector SPDR ETF (XLV) 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.

	XLV	DDLS	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.49	-0.44
Sortino ratio: Return per unit of downside risk	1.68	2.16	-0.48
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.50	1.82	-0.32
Martin ratio: Return relative to average drawdown	3.60	6.73	-3.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLV vs. DDLS - Sharpe Ratio Comparison

The current XLV Sharpe Ratio is 1.05, which is comparable to the DDLS Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of XLV 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

	XLV	DDLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.49	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.68	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.63	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.63	-0.17

Drawdowns

XLV vs. DDLS - Drawdown Comparison

The maximum XLV drawdown since its inception was -39.17%, which is greater than DDLS's maximum drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for XLV and DDLS.

Drawdown Indicators

	XLV	DDLS	Difference
Max Drawdown Largest peak-to-trough decline	-39.17%	-36.80%	-2.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-10.69%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-17.11%	-11.66%	-5.45%
Max Drawdown (5Y) Largest decline over 5 years	-17.11%	-19.87%	+2.76%
Max Drawdown (10Y) Largest decline over 10 years	-28.40%	-36.80%	+8.40%
Current Drawdown Current decline from peak	-4.32%	-4.42%	+0.10%
Average Drawdown Average peak-to-trough decline	-7.12%	-5.70%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	2.88%	+1.47%

Volatility

XLV vs. DDLS - Volatility Comparison

State Street Health Care Select Sector SPDR ETF (XLV) has a higher volatility of 5.02% compared to WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund (DDLS) at 3.81%. This indicates that XLV'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

	XLV	DDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	3.81%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	10.66%	10.74%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.99%	13.03%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.76%	13.78%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	15.61%	+0.97%

XLV vs. DDLS - Expense Ratio Comparison

XLV has a 0.08% expense ratio, which is lower than DDLS's 0.48% expense ratio.

Dividends

XLV vs. DDLS - Dividend Comparison

XLV's dividend yield for the trailing twelve months is around 1.64%, 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%
XLV State Street Health Care Select Sector SPDR ETF	1.64%	1.60%	1.67%	1.59%	1.47%	1.33%	1.49%	2.17%	1.57%	1.47%	1.60%	1.43%

Frequently Asked Questions

Can I hold both XLV and DDLS in my portfolio?

XLV and DDLS have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLV or DDLS?

XLV has higher volatility (5.02%) compared to DDLS (3.81%). In terms of maximum drawdown, XLV dropped -39.17% vs DDLS's -36.80%.

Which ETF is better, XLV or DDLS?

On 10-year performance, DDLS leads with 9.73% vs 9.65% for XLV. On fees, XLV is cheaper at 0.08% 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, XLV or DDLS?

Over the 10-year period, DDLS has performed better with a 9.73% return vs 9.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLV or DDLS?

XLV is cheaper with a 0.08% expense ratio, compared with 0.48% for DDLS.

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

DDLS has the higher dividend yield at 3.59%, compared with 1.64% for XLV.

What is the main difference between XLV and DDLS?

XLV is categorized as Health & Biotech Equities, while DDLS is Foreign Small & Mid Cap Equities. XLV tracks Health Care Select Sector Index, while DDLS tracks WisdomTree Dynamic Currency Hedged International SmallCap Equity Index. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.08% for XLV and 0.48% for DDLS.

Which has better risk-adjusted returns?

DDLS currently has the higher Sharpe Ratio (1.49 vs 1.05), 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.