DGS vs. HIGH
DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - DGS is a Dividend fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index, while HIGH is a Derivative Income fund actively managed by Simplify. DGS is passively managed, while HIGH is actively managed. Over the past 3 years, DGS returned 11.49%/yr vs 2.43%/yr for HIGH. Their 0.35 correlation means their historical movements had little consistent relationship. DGS charges 0.58%/yr vs 0.50%/yr for HIGH.
Performance
DGS vs. HIGH - Performance Comparison
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Returns By Period
In the year-to-date period, DGS achieves a 8.16% return, which is significantly higher than HIGH's -1.00% return.
DGS
- 1D
- 0.00%
- 1M
- -5.05%
- 6M
- 0.93%
- YTD
- 8.16%
- 1Y
- 15.60%
- 3Y*
- 11.49%
- 5Y*
- 6.78%
- 10Y*
- 8.21%
- ALL TIME*
- 4.63%
HIGH
- 1D
- 0.30%
- 1M
- -0.44%
- 6M
- -0.14%
- YTD
- -1.00%
- 1Y
- -1.25%
- 3Y*
- 2.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.57M | $2.59M | $2.98M | |
| $264.89K | $245.02K | $537.34K |
DGS vs. HIGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 8.16% | 21.18% | 1.13% | 19.08% | 11.37% |
HIGH Simplify Enhanced Income ETF | -1.00% | 4.35% | 1.52% | 7.70% | 0.47% |
Correlation
The correlation between DGS and HIGH is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.35 |
The correlation between DGS and HIGH shifts across timeframes, from 0.35 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DGS vs. HIGH — Risk / Return Rank
DGS
HIGH
DGS vs. HIGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and Simplify Enhanced Income ETF (HIGH). 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 | HIGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.97 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -0.21 | +1.76 |
| Martin ratioReturn relative to average drawdown | 4.58 | -0.34 | +4.91 |
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Drawdowns
DGS vs. HIGH - Drawdown Comparison
The maximum DGS drawdown since its inception was -61.83%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for DGS and HIGH.
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Drawdown Indicators
| DGS | HIGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -9.50% | -52.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -7.08% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | -9.50% | -9.81% |
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 | -7.35% | -7.69% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -2.59% | -9.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 4.46% | -1.07% |
Volatility
DGS vs. HIGH - Volatility Comparison
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a higher volatility of 5.55% compared to Simplify Enhanced Income ETF (HIGH) at 2.16%. This indicates that DGS's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGS | HIGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 2.16% | +3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 3.90% | +11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 7.23% | +10.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 9.46% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 9.46% | +7.88% |
DGS vs. HIGH - Expense Ratio Comparison
DGS has a 0.58% expense ratio, which is higher than HIGH's 0.50% expense ratio.
Dividends
DGS vs. HIGH - Dividend Comparison
DGS's dividend yield for the trailing twelve months is around 3.96%, less than HIGH's 6.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.96% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
HIGH Simplify Enhanced Income ETF | 6.88% | 7.71% | 8.34% | 9.40% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGS and HIGH have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGS has higher volatility (5.55%) compared to HIGH (2.16%). In terms of maximum drawdown, DGS dropped -61.83% vs HIGH's -9.50%.
On 3-year performance, DGS leads with 11.49% vs 2.43% for HIGH. On fees, HIGH is cheaper at 0.50% per year. On volatility, HIGH has been the lower-risk option at 2.16%. 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 11.49% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HIGH is cheaper with a 0.50% expense ratio, compared with 0.58% for DGS.
HIGH has the higher dividend yield at 6.88%, compared with 3.96% for DGS.
DGS is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: WisdomTree and Simplify. Their fees differ too: 0.58% for DGS and 0.50% for HIGH.
DGS currently has the higher Sharpe Ratio (0.89 vs -0.21), 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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