DGS vs. FMQQ
DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) are both Emerging Markets Diversified funds - DGS tracks the WisdomTree Emerging Markets SmallCap Dividend Index while FMQQ tracks the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, DGS returned 13.40%/yr vs 3.23%/yr for FMQQ. A 0.67 correlation means they provide meaningful diversification when combined. DGS charges 0.58%/yr vs 0.86%/yr for FMQQ.
Performance
DGS vs. FMQQ - Performance Comparison
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Returns By Period
In the year-to-date period, DGS achieves a 12.42% return, which is significantly higher than FMQQ's -11.66% return.
DGS
- 1D
- -2.18%
- 1M
- -2.19%
- 6M
- 9.13%
- YTD
- 12.42%
- 1Y
- 18.22%
- 3Y*
- 13.40%
- 5Y*
- 7.40%
- 10Y*
- 8.81%
FMQQ
- 1D
- -0.93%
- 1M
- 8.36%
- 6M
- -11.51%
- YTD
- -11.66%
- 1Y
- -16.17%
- 3Y*
- 3.23%
- 5Y*
- —
- 10Y*
- —
DGS vs. FMQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 12.42% | 21.18% | 1.13% | 19.08% | -12.35% | -0.73% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -11.66% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
Correlation
The correlation between DGS and FMQQ is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.67 |
The correlation between DGS and FMQQ has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
DGS vs. FMQQ — Risk / Return Rank
DGS
FMQQ
DGS vs. FMQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ). 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.
| DGS | FMQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.87 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.53 | +2.35 |
| Martin ratioReturn relative to average drawdown | 5.88 | -0.94 | +6.83 |
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Drawdowns
DGS vs. FMQQ - Drawdown Comparison
The maximum DGS drawdown since its inception was -61.83%, roughly equal to the maximum FMQQ drawdown of -64.51%. Use the drawdown chart below to compare losses from any high point for DGS and FMQQ.
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Drawdown Indicators
| DGS | FMQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -64.51% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -30.82% | +20.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | -30.82% | +11.51% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -52.24% | +48.54% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -49.45% | +36.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 17.17% | -14.07% |
Volatility
DGS vs. FMQQ - Volatility Comparison
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a higher volatility of 7.14% compared to FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) at 4.92%. This indicates that DGS's price experiences larger fluctuations and is considered to be riskier than FMQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGS | FMQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 4.92% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 15.24% | 16.29% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 19.25% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 24.72% | -9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.32% | 24.72% | -7.40% |
DGS vs. FMQQ - Expense Ratio Comparison
DGS has a 0.58% expense ratio, which is lower than FMQQ's 0.86% expense ratio.
Dividends
DGS vs. FMQQ - Dividend Comparison
DGS's dividend yield for the trailing twelve months is around 3.81%, more than FMQQ's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.81% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.69% | 0.61% | 0.45% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGS and FMQQ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGS has higher volatility (7.14%) compared to FMQQ (4.92%). In terms of maximum drawdown, DGS dropped -61.83% vs FMQQ's -64.51%.
On 3-year performance, DGS leads with 13.40% vs 3.23% for FMQQ. On fees, DGS is cheaper at 0.58% per year. On volatility, FMQQ has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DGS has performed better with a 13.40% return vs 3.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGS is cheaper with a 0.58% expense ratio, compared with 0.86% for FMQQ.
DGS has the higher dividend yield at 3.81%, compared with 0.69% for FMQQ.
DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index, while FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net. They also come from different issuers: WisdomTree and EMQQ. Their fees differ too: 0.58% for DGS and 0.86% for FMQQ.
DGS currently has the higher Sharpe Ratio (1.07 vs -0.84), 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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