DGS vs. EDOG

Last updated Jun 4, 2026

DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and EDOG (ALPS Emerging Sector Dividend Dogs ETF) are both exchange-traded funds - DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index, while EDOG is a Emerging Markets Equities fund tracking the S-Network Emerging Sector Dividend Dogs Index. Both are passively managed. Over the past 10 years, DGS returned 9.93%/yr vs 6.26%/yr for EDOG. A 0.80 correlation means they provide meaningful diversification when combined. DGS charges 0.58%/yr vs 0.60%/yr for EDOG.

Performance

DGS vs. EDOG - Performance Comparison

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

Returns By Period

In the year-to-date period, DGS achieves a 14.53% return, which is significantly higher than EDOG's 2.43% return. Over the past 10 years, DGS has outperformed EDOG with an annualized return of 9.93%, while EDOG has yielded a comparatively lower 6.26% annualized return.

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%

EDOG

• 1D: -1.83%
• 1M: -1.08%
• YTD: 2.43%
• 6M: 3.44%
• 1Y: 16.67%
• 3Y*: 11.09%
• 5Y*: 4.71%
• 10Y*: 6.26%

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

DGS vs. EDOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
EDOG ALPS Emerging Sector Dividend Dogs ETF	2.43%	22.59%	1.70%	11.58%	-10.50%	11.71%	7.99%	13.26%	-16.52%	20.42%

Correlation

The correlation between DGS and EDOG is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 31, 2014	0.80

The correlation between DGS and EDOG has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

DGS vs. EDOG — Risk / Return Rank

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

DGS

DGS Risk / Return Rank: 51
DGS Sharpe Ratio Rank: 50
DGS Sortino Ratio Rank: 49
DGS Omega Ratio Rank: 50
DGS Calmar Ratio Rank: 54
DGS Martin Ratio Rank: 53

EDOG

EDOG Risk / Return Rank: 31
EDOG Sharpe Ratio Rank: 29
EDOG Sortino Ratio Rank: 28
EDOG Omega Ratio Rank: 30
EDOG Calmar Ratio Rank: 38
EDOG Martin Ratio Rank: 32

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. EDOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and ALPS Emerging Sector Dividend Dogs ETF (EDOG). 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.

	DGS	EDOG	Difference
Sharpe ratio Return per unit of total volatility	1.76	1.05	+0.71
Sortino ratio Return per unit of downside risk	2.43	1.51	+0.92
Omega ratio Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio Return relative to maximum drawdown	2.72	1.88	+0.84
Martin ratio Return relative to average drawdown	9.16	4.78	+4.37
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. EDOG - Sharpe Ratio Comparison

The current DGS Sharpe Ratio is 1.76, which is higher than the EDOG Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of DGS and EDOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DGS	EDOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	1.05	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.31	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.36	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.24	-0.01

Drawdowns

DGS vs. EDOG - Drawdown Comparison

The maximum DGS drawdown since its inception was -61.83%, which is greater than EDOG's maximum drawdown of -44.29%. Use the drawdown chart below to compare losses from any high point for DGS and EDOG.

Drawdown Indicators

	DGS	EDOG	Difference
Max Drawdown Largest peak-to-trough decline	-61.83%	-44.29%	-17.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.06%	-8.92%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-19.31%	-15.29%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-24.86%	-26.54%	+1.68%
Max Drawdown (10Y) Largest decline over 10 years	-44.08%	-44.29%	+0.21%
Current Drawdown Current decline from peak	-1.40%	-8.84%	+7.44%
Average Drawdown Average peak-to-trough decline	-12.59%	-11.22%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	3.49%	-0.51%

Volatility

DGS vs. EDOG - Volatility Comparison

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a higher volatility of 5.24% compared to ALPS Emerging Sector Dividend Dogs ETF (EDOG) at 4.39%. This indicates that DGS's price experiences larger fluctuations and is considered to be riskier than EDOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGS	EDOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	4.39%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	13.03%	14.00%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	15.92%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	15.38%	-0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.32%	17.60%	-0.28%

DGS vs. EDOG - Expense Ratio Comparison

DGS has a 0.58% expense ratio, which is lower than EDOG's 0.60% expense ratio.

Dividends

DGS vs. EDOG - Dividend Comparison

DGS's dividend yield for the trailing twelve months is around 3.21%, less than EDOG's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EDOG ALPS Emerging Sector Dividend Dogs ETF	4.88%	4.50%	6.55%	6.53%	5.07%	4.11%	2.60%	4.93%	5.37%	2.89%	2.97%	4.55%

Frequently Asked Questions

Can I hold both DGS and EDOG in my portfolio?

DGS and EDOG have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGS or EDOG?

DGS has higher volatility (5.24%) compared to EDOG (4.39%). In terms of maximum drawdown, DGS dropped -61.83% vs EDOG's -44.29%.

Which ETF is better, DGS or EDOG?

On 10-year performance, DGS leads with 9.93% vs 6.26% for EDOG. On fees, DGS is cheaper at 0.58% per year. On volatility, EDOG has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGS or EDOG?

Over the 10-year period, DGS has performed better with a 9.93% return vs 6.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGS or EDOG?

DGS is cheaper with a 0.58% expense ratio, compared with 0.60% for EDOG.

Which ETF pays a higher dividend yield, DGS or EDOG?

EDOG has the higher dividend yield at 4.88%, compared with 3.21% for DGS.

What is the main difference between DGS and EDOG?

DGS is categorized as Emerging Markets Diversified, while EDOG is Emerging Markets Equities. DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index, while EDOG tracks S-Network Emerging Sector Dividend Dogs Index. They also come from different issuers: WisdomTree and SS&C. Their fees differ too: 0.58% for DGS and 0.60% for EDOG.

Which has better risk-adjusted returns?

DGS currently has the higher Sharpe Ratio (1.76 vs 1.05), 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.