DGRE vs. PIE
Compare and contrast key facts about WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and Invesco DWA Emerging Markets Momentum ETF (PIE).
DGRE and PIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGRE is an actively managed fund by WisdomTree. It was launched on Aug 1, 2013. PIE is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Emerging Markets Technical Leaders Index. It was launched on Dec 28, 2007.
Performance
DGRE vs. PIE - Performance Comparison
Loading graphics...
DGRE vs. PIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund | 6.00% | 27.47% | 3.63% | 18.46% | -21.86% | 2.55% | 10.85% | 21.12% | -16.36% | 33.61% |
PIE Invesco DWA Emerging Markets Momentum ETF | 10.23% | 25.98% | -0.27% | 13.71% | -28.77% | 14.30% | 21.23% | 26.11% | -22.04% | 41.80% |
Returns By Period
In the year-to-date period, DGRE achieves a 6.00% return, which is significantly lower than PIE's 10.23% return. Both investments have delivered pretty close results over the past 10 years, with DGRE having a 7.39% annualized return and PIE not far ahead at 7.75%.
DGRE
- 1D
- 3.90%
- 1M
- -9.64%
- YTD
- 6.00%
- 6M
- 16.05%
- 1Y
- 38.54%
- 3Y*
- 15.78%
- 5Y*
- 4.68%
- 10Y*
- 7.39%
PIE
- 1D
- 1.88%
- 1M
- -8.10%
- YTD
- 10.23%
- 6M
- 7.86%
- 1Y
- 46.75%
- 3Y*
- 14.64%
- 5Y*
- 3.86%
- 10Y*
- 7.75%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DGRE vs. PIE - Expense Ratio Comparison
DGRE has a 0.32% expense ratio, which is lower than PIE's 0.90% expense ratio.
Return for Risk
DGRE vs. PIE — Risk / Return Rank
DGRE
PIE
DGRE vs. PIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and Invesco DWA Emerging Markets Momentum ETF (PIE). 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.
| DGRE | PIE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.97 | 2.02 | -0.05 |
Sortino ratioReturn per unit of downside risk | 2.63 | 2.57 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.92 | -0.15 |
Martin ratioReturn relative to average drawdown | 12.01 | 13.34 | -1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DGRE | PIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | 2.02 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.19 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.37 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.07 | +0.17 |
Correlation
The correlation between DGRE and PIE is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DGRE vs. PIE - Dividend Comparison
DGRE's dividend yield for the trailing twelve months is around 1.47%, less than PIE's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund | 1.47% | 1.65% | 1.90% | 2.22% | 4.38% | 2.56% | 2.11% | 2.32% | 2.71% | 3.12% | 3.18% | 3.01% |
PIE Invesco DWA Emerging Markets Momentum ETF | 2.14% | 2.28% | 2.33% | 2.59% | 3.45% | 1.28% | 1.32% | 2.29% | 3.32% | 1.63% | 1.48% | 0.80% |
Drawdowns
DGRE vs. PIE - Drawdown Comparison
The maximum DGRE drawdown since its inception was -36.95%, smaller than the maximum PIE drawdown of -72.98%. Use the drawdown chart below to compare losses from any high point for DGRE and PIE.
Loading graphics...
Drawdown Indicators
| DGRE | PIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -72.98% | +36.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -15.48% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -34.88% | -40.32% | +5.44% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -40.32% | +3.37% |
Current DrawdownCurrent decline from peak | -10.31% | -8.10% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -26.31% | +14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.39% | -0.23% |
Volatility
DGRE vs. PIE - Volatility Comparison
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a higher volatility of 11.19% compared to Invesco DWA Emerging Markets Momentum ETF (PIE) at 10.36%. This indicates that DGRE's price experiences larger fluctuations and is considered to be riskier than PIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DGRE | PIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.19% | 10.36% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 16.57% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 23.28% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 20.09% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 21.10% | -1.66% |