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DGS vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DGS vs. DHS

Last updated Jun 4, 2026

DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index, while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, DGS returned 9.93%/yr vs 9.47%/yr for DHS. A 0.62 correlation means they provide meaningful diversification when combined. DGS charges 0.58%/yr vs 0.38%/yr for DHS.

Performance

DGS vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DGS achieves a 14.53% return, which is significantly higher than DHS's 9.88% return. Both investments have delivered pretty close results over the past 10 years, with DGS having a 9.93% annualized return and DHS not far behind at 9.47%.

DGS

1D
-1.37%
1M
2.58%
YTD
14.53%
6M
15.57%
1Y
27.26%
3Y*
16.17%
5Y*
7.85%
10Y*
9.93%

DHS

1D
-0.67%
1M
-0.16%
YTD
9.88%
6M
10.38%
1Y
20.55%
3Y*
16.39%
5Y*
10.59%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DGS vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DGS
WisdomTree Emerging Markets SmallCap Dividend Fund		14.53%21.18%1.13%19.08%-12.35%15.33%4.06%18.90%-16.52%37.47%
DHS
WisdomTree US High Dividend Fund		9.88%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between DGS and DHS 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

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (10Y)
Calculated over the trailing 10-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Oct 31, 2007

0.62

Over the past year, the correlation between DGS and DHS has dropped to 0.34 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Emerging Markets SmallCap Dividend Fund

WisdomTree US High Dividend Fund

Often compared with DGS:
DGS vs. AVESDGS vs. AVEEDGS vs. AVDVDGS vs. DLSDGS vs. AVEMDGS vs. VWODGS vs. VSS
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

DGS vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DGS
DGS Risk / Return Rank: 5151
Overall Rank
DGS Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
DGS Sortino Ratio Rank: 4949
Sortino Ratio Rank
DGS Omega Ratio Rank: 5050
Omega Ratio Rank
DGS Calmar Ratio Rank: 5454
Calmar Ratio Rank
DGS Martin Ratio Rank: 5353
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6262
Overall Rank
DHS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 6666
Sortino Ratio Rank
DHS Omega Ratio Rank: 5757
Omega Ratio Rank
DHS Calmar Ratio Rank: 6565
Calmar Ratio Rank
DHS Martin Ratio Rank: 6565
Martin Ratio Rank
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.

DGS vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and WisdomTree US High Dividend Fund (DHS). 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.

DGSDHSDifference

Sharpe ratio

Return per unit of total volatility

1.76

2.06

-0.30

Sortino ratio

Return per unit of downside risk

2.43

3.09

-0.66

Omega ratio

Gain probability vs. loss probability

1.32

1.35

-0.04

Calmar ratio

Return relative to maximum drawdown

2.72

3.28

-0.56

Martin ratio

Return relative to average drawdown

9.16

12.04

-2.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGS vs. DHS - Sharpe Ratio Comparison

The current DGS Sharpe Ratio is 1.76, which is comparable to the DHS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DGS and DHS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DGSDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

2.06

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.77

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.59

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.41

-0.18

Drawdowns

DGS vs. DHS - Drawdown Comparison

The maximum DGS drawdown since its inception was -61.83%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for DGS and DHS.

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Drawdown Indicators

DGSDHSDifference

Max Drawdown

Largest peak-to-trough decline

-61.83%

-67.25%

+5.42%

Max Drawdown (1Y)

Largest decline over 1 year

-10.06%

-6.30%

-3.76%

Max Drawdown (3Y)

Largest decline over 3 years

-19.31%

-11.87%

-7.44%

Max Drawdown (5Y)

Largest decline over 5 years

-24.86%

-15.28%

-9.58%

Max Drawdown (10Y)

Largest decline over 10 years

-44.08%

-37.35%

-6.73%

Current Drawdown

Current decline from peak

-1.40%

-2.60%

+1.20%

Average Drawdown

Average peak-to-trough decline

-12.59%

-9.55%

-3.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.98%

1.71%

+1.27%

Volatility

DGS vs. DHS - Volatility Comparison

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a higher volatility of 5.24% compared to WisdomTree US High Dividend Fund (DHS) at 2.88%. This indicates that DGS's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DGSDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.24%

2.88%

+2.36%

Volatility (6M)

Calculated over the trailing 6-month period

13.03%

7.32%

+5.71%

Volatility (1Y)

Calculated over the trailing 1-year period

15.56%

10.01%

+5.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.87%

13.89%

+0.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.32%

16.08%

+1.24%

DGS vs. DHS - Expense Ratio Comparison

DGS has a 0.58% expense ratio, which is higher than DHS's 0.38% expense ratio.

Dividends

DGS vs. DHS - Dividend Comparison

DGS's dividend yield for the trailing twelve months is around 3.21%, less than DHS's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
DGS
WisdomTree Emerging Markets SmallCap Dividend Fund		3.21%3.45%3.36%4.55%5.34%3.98%3.69%3.95%4.24%2.81%3.42%3.28%
DHS
WisdomTree US High Dividend Fund		3.35%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%

Frequently Asked Questions

DGS and DHS 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.

DGS has higher volatility (5.24%) compared to DHS (2.88%). In terms of maximum drawdown, DGS dropped -61.83% vs DHS's -67.25%.

On 10-year performance, DGS leads with 9.93% vs 9.47% for DHS. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DGS has performed better with a 9.93% return vs 9.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DHS is cheaper with a 0.38% expense ratio, compared with 0.58% for DGS.

DHS has the higher dividend yield at 3.35%, compared with 3.21% for DGS.

DGS is categorized as Emerging Markets Diversified, while DHS is Large Cap Value Equities. DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index, while DHS tracks WisdomTree U.S. High Dividend Index. Their fees differ too: 0.58% for DGS and 0.38% for DHS.

DHS currently has the higher Sharpe Ratio (2.06 vs 1.76), 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.

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