DGRE vs. EMXC

Last updated Jun 23, 2026

DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both Emerging Markets Equities funds. DGRE is actively managed, while EMXC is passively managed. Over the past 5 years, DGRE returned 9.70%/yr vs 14.13%/yr for EMXC. Their correlation of 0.86 suggests significant overlap in exposure. DGRE charges 0.32%/yr vs 0.49%/yr for EMXC.

Performance

DGRE vs. EMXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and iShares MSCI Emerging Markets ex China ETF (EMXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRE achieves a 34.34% return, which is significantly lower than EMXC's 47.39% return.

DGRE

• 1D: -0.69%
• 1M: 7.62%
• YTD: 34.34%
• 6M: 36.58%
• 1Y: 59.93%
• 3Y*: 25.29%
• 5Y*: 9.70%
• 10Y*: 10.15%

EMXC

• 1D: 0.70%
• 1M: 12.05%
• YTD: 47.39%
• 6M: 50.85%
• 1Y: 80.79%
• 3Y*: 30.52%
• 5Y*: 14.13%
• 10Y*: —

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

DGRE vs. EMXC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	34.34%	27.47%	3.63%	18.46%	-21.86%	2.55%	10.85%	21.12%	-16.36%	10.84%
EMXC iShares MSCI Emerging Markets ex China ETF	47.39%	35.14%	2.68%	18.96%	-19.56%	8.54%	12.76%	15.80%	-12.96%	7.16%

Correlation

The correlation between DGRE and EMXC is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017	0.86

The correlation between DGRE and EMXC shifts across timeframes, from 0.86 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.

DGRE vs. EMXC - Sectors Allocation Comparison

Sectors	DGRE	EMXC
Technology	41.5%	52.4%
Financial Services	17.8%	17.4%
Industrials	11.8%	6.9%
Basic Materials	6.6%	6.0%
Consumer Cyclical	5.5%	4.1%
Healthcare	4.8%	1.8%
Consumer Defensive	4.5%	2.4%
Communication Services	2.6%	3.0%
Utilities	2.2%	1.9%
Energy	1.9%	3.4%
Real Estate	0.8%	0.8%

Return for Risk

DGRE vs. EMXC — Risk / Return Rank

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

DGRE

DGRE Risk / Return Rank: 85
DGRE Sharpe Ratio Rank: 87
DGRE Sortino Ratio Rank: 82
DGRE Omega Ratio Rank: 86
DGRE Calmar Ratio Rank: 84
DGRE Martin Ratio Rank: 86

EMXC

EMXC Risk / Return Rank: 92
EMXC Sharpe Ratio Rank: 94
EMXC Sortino Ratio Rank: 89
EMXC Omega Ratio Rank: 93
EMXC Calmar Ratio Rank: 91
EMXC Martin Ratio Rank: 92

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.

DGRE vs. EMXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.

	DGRE	EMXC	Difference
Sharpe ratio: Return per unit of total volatility	2.74	3.33	-0.59
Sortino ratio: Return per unit of downside risk	3.48	3.94	-0.46
Omega ratio: Gain probability vs. loss probability	1.50	1.60	-0.10
Calmar ratio: Return relative to maximum drawdown	4.40	5.64	-1.23
Martin ratio: Return relative to average drawdown	17.37	21.69	-4.32

DGRE vs. EMXC - Sharpe Ratio Comparison

The current DGRE Sharpe Ratio is 2.74, which is comparable to the EMXC Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of DGRE and EMXC, 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

DGRE vs. EMXC - Drawdown Comparison

The maximum DGRE drawdown since its inception was -36.95%, smaller than the maximum EMXC drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for DGRE and EMXC.

Drawdown Indicators

	DGRE	EMXC	Difference
Max Drawdown Largest peak-to-trough decline	-36.95%	-42.81%	+5.86%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-14.41%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	-20.65%	-19.12%	-1.53%
Max Drawdown (5Y) Largest decline over 5 years	-33.99%	-28.91%	-5.08%
Max Drawdown (10Y) Largest decline over 10 years	-36.95%	—	—
Current Drawdown Current decline from peak	-0.69%	0.00%	-0.69%
Average Drawdown Average peak-to-trough decline	-11.97%	-10.15%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.74%	-0.28%

Volatility

DGRE vs. EMXC - Volatility Comparison

The current volatility for WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) is 10.45%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 12.87%. This indicates that DGRE experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRE	EMXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.45%	12.87%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	20.17%	22.38%	-2.21%
Volatility (1Y) Calculated over the trailing 1-year period	22.00%	24.42%	-2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.58%	18.17%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.82%	20.13%	-0.31%

DGRE vs. EMXC - Expense Ratio Comparison

DGRE has a 0.32% expense ratio, which is lower than EMXC's 0.49% expense ratio.

Dividends

DGRE vs. EMXC - Dividend Comparison

DGRE's dividend yield for the trailing twelve months is around 1.16%, less than EMXC's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	1.16%	1.65%	1.90%	2.22%	4.38%	2.56%	2.11%	2.32%	2.71%	3.12%	3.18%	3.01%
EMXC iShares MSCI Emerging Markets ex China ETF	1.81%	2.82%	2.69%	1.83%	2.85%	1.78%	1.45%	3.25%	2.63%	0.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGRE and EMXC in my portfolio?

With a correlation of 0.96, DGRE and EMXC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DGRE or EMXC?

EMXC has higher volatility (12.87%) compared to DGRE (10.45%). In terms of maximum drawdown, DGRE dropped -36.95% vs EMXC's -42.81%.

Which ETF is better, DGRE or EMXC?

On 5-year performance, EMXC leads with 14.13% vs 9.70% for DGRE. On fees, DGRE is cheaper at 0.32% per year. On volatility, DGRE has been the lower-risk option at 10.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRE or EMXC?

Over the 5-year period, EMXC has performed better with a 14.13% return vs 9.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRE or EMXC?

DGRE is cheaper with a 0.32% expense ratio, compared with 0.49% for EMXC.

Which ETF pays a higher dividend yield, DGRE or EMXC?

EMXC has the higher dividend yield at 1.81%, compared with 1.16% for DGRE.

What is the main difference between DGRE and EMXC?

They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.32% for DGRE and 0.49% for EMXC.

Which has better risk-adjusted returns?

EMXC currently has the higher Sharpe Ratio (3.33 vs 2.74), 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.