The Major Difference Between Caramel Sauce And Dulce De Leche - Tasting Table
Briefly

Caramel can be a finicky beast to make at home, as working with hot sugar is a precise and sometimes dangerous process, and burns caused by molten sugar are especially painful.
While a true caramel is made with just sugar and sometimes water, there can be some confusion as soft caramel candies and caramel sauces are often made with the addition of heavy cream, butter, or corn syrup.
Although modern caramel is often attributed to the French, an early variation of caramel is thought to have originated over 1,000 years ago in the Middle East.
The biggest difference between caramel sauce and dulce de leche lies in the core ingredients: Caramel is merely sugar (or sugar and water), while dulce de leche is made with sugar and milk.
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