DGS vs. IAI
DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) are both exchange-traded funds - DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index, while IAI is a Financials Equities fund tracking the DJ US Select / Investment Services. Both are passively managed. Over the past 10 years, DGS returned 10.14%/yr vs 19.37%/yr for IAI. A 0.59 correlation means they provide meaningful diversification when combined. DGS charges 0.58%/yr vs 0.41%/yr for IAI.
Performance
DGS vs. IAI - Performance Comparison
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Returns By Period
In the year-to-date period, DGS achieves a 14.94% return, which is significantly higher than IAI's 3.17% return. Over the past 10 years, DGS has underperformed IAI with an annualized return of 10.14%, while IAI has yielded a comparatively higher 19.37% annualized return.
DGS
- 1D
- 0.65%
- 1M
- 1.51%
- YTD
- 14.94%
- 6M
- 17.07%
- 1Y
- 25.61%
- 3Y*
- 15.36%
- 5Y*
- 8.06%
- 10Y*
- 10.14%
IAI
- 1D
- 1.83%
- 1M
- 2.57%
- YTD
- 3.17%
- 6M
- 2.78%
- 1Y
- 21.00%
- 3Y*
- 28.06%
- 5Y*
- 14.44%
- 10Y*
- 19.37%
DGS vs. IAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 14.94% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 3.17% | 25.80% | 34.37% | 15.27% | -10.87% | 40.48% | 18.61% | 24.26% | -9.47% | 28.86% |
Correlation
The correlation between DGS and IAI is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2007 | 0.59 |
The correlation between DGS and IAI has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.
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Return for Risk
DGS vs. IAI — Risk / Return Rank
DGS
IAI
DGS vs. IAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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 | IAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.17 | +1.21 |
| Martin ratioReturn relative to average drawdown | 7.84 | 3.33 | +4.51 |
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Drawdowns
DGS vs. IAI - Drawdown Comparison
The maximum DGS drawdown since its inception was -61.83%, smaller than the maximum IAI drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for DGS and IAI.
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Drawdown Indicators
| DGS | IAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -75.46% | +13.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -16.52% | +6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | -23.14% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -28.84% | +3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | -40.38% | -3.70% |
Current DrawdownCurrent decline from peak | -1.05% | -2.81% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -22.63% | +10.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 5.80% | -2.75% |
Volatility
DGS vs. IAI - Volatility Comparison
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a higher volatility of 7.30% compared to iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) at 5.98%. This indicates that DGS's price experiences larger fluctuations and is considered to be riskier than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGS | IAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 5.98% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 15.34% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 19.44% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 21.48% | -6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 22.85% | -5.46% |
DGS vs. IAI - Expense Ratio Comparison
DGS has a 0.58% expense ratio, which is higher than IAI's 0.41% expense ratio.
Dividends
DGS vs. IAI - Dividend Comparison
DGS's dividend yield for the trailing twelve months is around 3.20%, more than IAI's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.20% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.05% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
Frequently Asked Questions
DGS and IAI 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 (7.30%) compared to IAI (5.98%). In terms of maximum drawdown, DGS dropped -61.83% vs IAI's -75.46%.
On 10-year performance, IAI leads with 19.37% vs 10.14% for DGS. On fees, IAI is cheaper at 0.41% per year. On volatility, IAI has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IAI has performed better with a 19.37% return vs 10.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAI is cheaper with a 0.41% expense ratio, compared with 0.58% for DGS.
DGS has the higher dividend yield at 3.20%, compared with 1.05% for IAI.
DGS is categorized as Emerging Markets Diversified, while IAI is Financials Equities. DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index, while IAI tracks DJ US Select / Investment Services. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.58% for DGS and 0.41% for IAI.
DGS currently has the higher Sharpe Ratio (1.44 vs 1.00), 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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