DLS vs VYMI: Grades, Fees and Holdings Compared

WisdomTree International SmallCap Dividend Fund

DLSCNYSE Arca

Vanguard International High Dividend Yield ETF

VYMIANasdaq

Overlap

0.5%by weight

Expense ratio

VYMI −0.51pt a year

DLS0.58%VYMI0.07%

Avg volume · 30D

VYMI 55.1×the volume

DLS15.4KVYMI849K

10Y return · a year

VYMI +3.2pt

DLS+7.4%VYMI+10.6%

DLS vs VYMI Performance

Oct 29, 2021 – Oct 30, 2026

+38.7%DLS+86.9%VYMI

Expense ratio: DLS 0.58%; VYMI 0.07%, better
Fund size: DLS $1.03B; VYMI $22.3B
1Y total return: DLS +12.7%; VYMI +23.7%, better
Yield (12M): DLS 3.58%; VYMI 3.67%, better
Holdings: DLS 1266; VYMI 1532
Avg volume (30D): DLS 15.4K sh; VYMI 849K sh, better
NAV per share: DLS $85.36; VYMI $101.09
52W range

ETF.net Grade

Pillar letters and Scores for DLS, VYMI, with each pillar’s weight
Pillar	DLS	VYMI
Cost30% weight	F16	A97Higher
Mission25% weight	A93	A100Higher
Risk15% weight	D35	B59Higher
Tradability15% weight	C52	B61Higher
Holdings10% weight	A88Higher	A81
Durability5% weight	B65	A89Higher

Rank among International Dividend Index funds

How we build Categories ›

Same Category. DLS and VYMI are both graded against the same 34 International Dividend Index funds, so their Grades compare head to head.

International Dividend Index⁠

Category · 34 funds

See all 34 ›

VYMI ranks 1st and DLS 19th of 34 funds in the International Dividend Index Category.

Rank 1AVYMIVanguard International High Dividend Yield ETFScore 84
Rank 2ADIVIFranklin International Core Dividend Tilt Index ETFScore 78
Rank 17BIQDYNorthern Trust International Quality Dividend Dynamic ETFScore 54
Rank 19CDLSWisdomTree International SmallCap Dividend FundScore 53
Rank 19CDNLWisdomTree Global ex-U.S. Quality Growth FundScore 53

Our read on each fund

ETF.net Research

DLSCWisdomTree International SmallCap Dividend Fund

VYMIAVanguard International High Dividend Yield ETF

In short

DLS DLS goes where most international dividend funds don't: about 1,000 small companies across developed markets outside the US and Canada, screened for the dividends they pay. Running since 2006.

VYMI Most international dividend funds hold a hundred-odd developed-market names. VYMI casts a far wider net: roughly 1,600 high-yielders across developed and emerging markets outside the US, at seven basis points.

Stated mandate

DLS The Fund seeks to track the price and yield performance of the WisdomTree International SmallCap Dividend Index before fees and expenses.

VYMI VYMI seeks to track the FTSE All-World ex US High Dividend Yield Index through passive sampling, targeting international stocks forecast to have above-average dividend yields.

Why people hold it

DLS About 1,000 small-cap dividend payers from developed markets outside the US and Canada, a corner most international income funds skip entirely.
Deep, spread-out portfolio: no single name dominates, which softens the blow when one holding stumbles.
Tracks the WisdomTree International SmallCap Dividend Index closely, doing the job on the tin. Live since 2006 and now a multi-billion-dollar fund that pays quarterly.

VYMI 0.07% a year, a fraction of the typical international dividend fund's fee and a shade under screened rivals like SCHY (0.08%) and IGRO (0.15%).
Roughly 1,600 stocks across developed and emerging markets ex-US, so no single name, sector or country carries the income load.vanguard.com
Samples the FTSE All-World ex US High Dividend Yield Index and has stayed unusually close to it, among the tightest trackers in its peer group.
Live since 2016, now a multi-billion-dollar fund that trades actively, and it pays out quarterly.

Worth knowing

DLS 0.58% a year is above the typical international dividend ETF, and multiples of large-cap rivals like VYMI (0.07%) and SCHY (0.08%). Small-cap research abroad isn't cheap.
Thinly traded for its size, so bid-ask spreads can widen, especially outside overlapping market hours.
Foreign small caps move more sharply than global blue chips, and unhedged currency swings add a second source of bumpiness.

VYMI No currency hedge. Dividends and prices arrive in foreign currencies, and exchange-rate swings show up in dollar results either way.vanguard.com
The emerging-market sleeve adds political, liquidity and currency risk that developed-only dividend funds sidestep.vanguard.com
Screening on forecast yield tilts toward value and cyclical names, a different ride than dividend-growth peers like VIGI and IGRO.

Full DLS profile⁠

Full VYMI profile⁠

DLS vs VYMI Holdings

How DLS and VYMI differ

Overlap by weight

0.5%

Shared holdings make up 8.2% of DLS and 0.6% of VYMI.

Level by level

Holdings45 in both0.5%
Countryby domicile52.2%
Sector11 Sectors57.9%
Asset classEquity100%

Sector

Sector weights in DLS and VYMI, widest gap first
Sector	More in DLSMore in VYMI	DLS	VYMI
Financials	VYMI +29.5 points	14.8%	44.4%
Industrials	DLS +22.0 points	28.3%	6.3%
Consumer Discretionary	DLS +6.8 points	12.6%	5.8%
Energy	VYMI +6.6 points	2.4%	9.0%
Real Estate	DLS +5.4 points	6.5%	1.1%
Utilities	VYMI +3.2 points	1.9%	5.0%
Materials	DLS +3.0 points	9.4%	6.4%
Technology	DLS +3.0 points	8.5%	5.5%
Health Care	VYMI +2.9 points	3.5%	6.3%
Consumer Staples	DLS +1.4 points	7.8%	6.4%
Communication	DLS +0.6 points	4.3%	3.7%

Country, concentration and asset class

Country by domicile

Country weights in DLS and VYMI, widest gap first
Country	More in DLSMore in VYMI	DLS	VYMI
Japan	DLS +27.5 points	40.1%	12.6%
Canada	VYMI +8.8 points	0.0%	8.8%
Switzerland	VYMI +5.6 points	1.4%	7.0%
Taiwan	VYMI +5.6 points	0.4%	6.0%
China	VYMI +5.4 points	0.4%	5.8%
Israel	DLS +4.9 points	5.7%	0.8%
Norway	DLS +4.6 points	5.3%	0.7%
Lithuania	VYMI +4.6 points	0.0%	4.6%
Other countries (30)	VYMI +7.0 points	46.7%	53.7%

Outside the US: DLS 93% developed, 7% emerging. VYMI 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

DLS4.5%
VYMI13.8%

Securities held

DLS1,252
VYMI1,496

Asset class

DLS: Equity
VYMI: Equity

Holdings

Only in DLS1,207
In both45
Only in VYMI1,451

Only in DLS

1,207 securities, 91.0% of DLS by weight

Dof Group Asa0.56%
Nos Sgps SA0.45%
Ts Lines Ltd0.45%
Solvay SA0.43%
Odfjell Drilling Ltd0.41%
Itv PLC0.38%
Proximus SA0.36%
Hammerson Plc0.33%
Dno Asa0.32%
Dunelm Group PLC0.32%
REN - Redes Energeticas Nacion0.30%
SpareBank 1 SMN0.30%
Lancashire Holdings Ltd0.30%
Enav Spa0.30%
Anima Holding SpA0.30%
Crystal International Group0.28%
Inmobiliaria Colonial SA0.28%
Isramco Negev 2 LP0.28%
Paz Oil Co Ltd0.28%
Bluenord Asa0.27%
Aker Solutions ASA0.27%
Cembra Money Bank AG0.27%
Shufersal Ltd.0.27%
Plus500 Ltd0.27%
Veidekke ASA0.27%
Bumitama Agri Ltd0.26%
Viscofan SA0.25%
Dah Sing Financial Holdings Ltd0.25%
TP Icap Group Plc0.25%
OSB Group Plc0.24%
Health and Happiness H&H Int0.24%
Relo Group Inc0.24%
Greggs PLC0.23%
B&M European Value Retail Pl0.23%
Sankyo Co Ltd0.22%
Meitec Group Holdings Inc0.22%
Melexis NV0.22%
Partner Communications Co Ltd0.22%
Royal UNIBREW A/S0.22%
Hexpol AB0.21%
Tgs Asa0.21%
Pennon Group Plc0.21%
Stroeer SE & Co KGaA0.21%
Hacksaw Ab0.21%
Pacific Basin Shipping Ltd0.20%
Savills PLC0.20%
Derwent London PLC0.20%
Exedy Corp0.20%
Sparebank 1 Nord Norge0.20%
Mpc Container Ships As0.20%

Only in VYMI

1,451 securities, 99.0% of VYMI by weight

HSBC Holdings PLC1.81%
Roche Holding AG1.56%
Shell PLC1.48%
Royal Bank of Canada1.47%
Novartis AG1.42%
Mitsubishi UFJ Financial Group Inc1.35%
Nestle SA1.25%
MediaTek Inc1.21%
BHP Group Ltd1.15%
Banco Santander SA1.07%
Toronto-Dominion Bank/The1.04%
Toyota Motor Corp1.03%
Allianz SE0.96%
Commonwealth Bank of Australia0.93%
TotalEnergies SE0.92%
Sumitomo Mitsui Financial Group Inc0.85%
Banco Bilbao Vizcaya Argentaria SA0.84%
Iberdrola SA0.84%
UBS Group AG0.79%
UniCredit SpA0.71%
Mizuho Financial Group Inc0.70%
Unilever PLC0.68%
SLBBH11420.68%
DBS Group Holdings Ltd0.66%
Novo Nordisk A/S0.65%
Bank of Montreal0.63%
Bp PLC0.61%
Intesa Sanpaolo SpA0.61%
Bank of Nova Scotia/The0.60%
British American Tobacco PLC0.59%
China Construction Bank Corp0.59%
BNP Paribas SA0.56%
Enbridge Inc0.55%
ING Groep NV0.55%
Deutsche Telekom AG0.54%
Canadian Imperial Bank of Commerce0.54%
Zurich Insurance Group AG0.53%
Rio Tinto PLC0.52%
Gsk PLC0.51%
Hon Hai Precision Industry Co Ltd0.51%
Canadian Natural Resources Ltd0.51%
Tokio Marine Holdings Inc0.50%
Sanofi SA0.47%
National Australia Bank Ltd0.45%
Westpac Banking Corp0.44%
Lloyds Banking Group PLC0.44%
Barclays PLC0.44%
Oversea-Chinese Banking Corp Ltd0.43%
Suncor Energy Inc0.43%
ANZ Group Holdings Ltd0.43%

Weight gaps

All 45 Holdings in both funds, largest gap first.

Holding weights in DLS and VYMI, widest gap first
Holding	More in DLSMore in VYMI	DLS	VYMI
Kenon Holdings Ltd	DLS +0.34 points	0.35%	<0.01%
Dah Sing Banking Group Ltd	DLS +0.32 points	0.32%	<0.01%
Bank of Queensland Ltd	DLS +0.28 points	0.30%	0.02%
Seino Holdings Corp	DLS +0.27 points	0.28%	<0.01%
Netlink NBN Trust	DLS +0.26 points	0.27%	0.01%
Amot Investments Ltd	DLS +0.25 points	0.26%	<0.01%
Marui Group Co Ltd	DLS +0.24 points	0.25%	0.01%
Lixil Corp	DLS +0.22 points	0.24%	0.02%
Hysan Development Co Ltd	DLS +0.22 points	0.23%	<0.01%
Metcash Ltd	DLS +0.21 points	0.22%	0.01%
Toda Corp	DLS +0.20 points	0.21%	<0.01%
ComfortDelgro Corp Ltd	DLS +0.20 points	0.21%	0.01%
Kamigumi Co	DLS +0.21 points	0.22%	0.01%
Zeon Corp	DLS +0.20 points	0.21%	0.01%
Sumitomo Rubber Industries Ltd	DLS +0.19 points	0.20%	0.01%
Downer EDI Ltd	DLS +0.18 points	0.20%	0.02%
Kansai Paint Co Ltd	DLS +0.18 points	0.20%	0.02%
Seven Bank Ltd	DLS +0.18 points	0.19%	<0.01%
Matrix IT Ltd	DLS +0.17 points	0.18%	<0.01%
DIC Corp	DLS +0.17 points	0.18%	0.01%
Kaneka Corp	DLS +0.16 points	0.17%	<0.01%
Aozora Bank Ltd	DLS +0.16 points	0.17%	0.01%
Kyushu Railway Company	DLS +0.15 points	0.17%	0.02%
Sundrug Co Ltd	DLS +0.15 points	0.16%	<0.01%
Mabuchi Motor Co	DLS +0.15 points	0.16%	0.01%
Daicel Corp	DLS +0.15 points	0.16%	0.01%
SIA Engineering Co Ltd	DLS +0.15 points	0.15%	<0.01%
Casio Computer Co Ltd	DLS +0.14 points	0.15%	0.01%
Toyota Boshoku Corp	DLS +0.13 points	0.14%	<0.01%
Exeo Group Inc	DLS +0.13 points	0.15%	0.02%
DMG Mori Co Ltd	DLS +0.13 points	0.14%	0.01%
Mitsubishi Motors Corp	DLS +0.13 points	0.14%	<0.01%
Alfresa Holdings Corp	DLS +0.13 points	0.14%	0.01%
Gav-Yam Lands Corp Ltd	DLS +0.13 points	0.13%	<0.01%
Nagase & Co Ltd	DLS +0.13 points	0.14%	0.01%
Nippon Electric Glass	DLS +0.12 points	0.13%	0.01%
Sankyu Inc	DLS +0.12 points	0.13%	0.01%
FIBI Holdings	DLS +0.11 points	0.12%	<0.01%
Chugoku Electric Power Co Inc/	DLS +0.11 points	0.12%	0.01%
Maruichi Steel Tube Ltd	DLS +0.11 points	0.12%	<0.01%
Flight Centre Ltd	DLS +0.10 points	0.11%	<0.01%
Kokuyo Co Ltd	DLS +0.10 points	0.11%	<0.01%
Alps Alpine Co Ltd	DLS +0.11 points	0.12%	0.01%
Teijin Ltd	DLS +0.07 points	0.08%	0.01%
Park24 Co Ltd	DLS +0.04 points	0.05%	<0.01%

All 1,011 DLS holdings⁠All 1,561 VYMI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DLS vs VYMI Cost

Overpaying DLS vs VYMI

$9,973

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DLS 0.58%
$11,453
VYMI 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

DLS 0.58%
VYMI 0.07%
Overpaying

Year by year

Year	DLS	VYMI	Overpaying
10	$1,041	$128	$913
20	$3,986	$503	$3,483
30	$11,453	$1,480	$9,973

Expense ratio

0.58%DLS
0.07%VYMI, cheaper

VYMI0.07%DLS0.58%

0.07%0.60%

Middle half of International Dividend Index funds
Median 0.49%

VYMI cheapest of 34 funds

DLS 26th cheapest of 34 funds

DLS vs VYMI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DLS 3.58%; VYMI 3.67%, better
Payout (12M): DLS $3.03; VYMI $3.72
Last payment: DLS $0.60; VYMI $0.82
Ex-dividend: DLS Sep 25, 2026; VYMI Sep 18, 2026
Paid on: DLS Sep 29, 2026; VYMI Sep 22, 2026
Frequency: DLS Quarterly; VYMI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DLSQuarterly · 39 paymentsAll DLS payments⁠

VYMIQuarterly · 39 paymentsAll VYMI payments⁠

DLS vs VYMI Risk

Fall from peak · 5 years

DLS
VYMI

Risk facts

VolatilityStd dev, 3 years: DLS 13.0%VYMI 10.5%, better
Return per unit of riskSharpe ratio, 3 years: DLS 1.13VYMI 1.71, better
Worst fallMax drawdown, 5 years: DLS −30.4%VYMI −24.1%, better
Market sensitivityBeta, 5 years: DLS 0.95VYMI 0.74; Market = 1

DLS and VYMI in the news

All news⁠

Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VYMI

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DLS vs VYMI

In short

Stated mandate

Why people hold it

Worth knowing

How DLS and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DLS

Only in VYMI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.

How DLS and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DLS

Only in VYMI

Weight gaps