DGS vs. INCE
DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and INCE (Franklin Income Equity Focus ETF) are both Dividend funds. DGS is passively managed, while INCE is actively managed. Over the past 5 years, DGS returned 6.78%/yr vs 10.49%/yr for INCE. Their 0.51 correlation means they have sometimes moved together and sometimes differently. DGS charges 0.58%/yr vs 0.29%/yr for INCE.
Performance
DGS vs. INCE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DGS achieves a 8.16% return, which is significantly lower than INCE's 14.91% 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%
INCE
- 1D
- 0.47%
- 1M
- 0.96%
- 6M
- 8.29%
- YTD
- 14.91%
- 1Y
- 26.00%
- 3Y*
- 15.52%
- 5Y*
- 10.49%
- 10Y*
- —
- ALL TIME*
- 13.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.57M | $2.59M | $2.98M | |
| $621.36K | $657.47K | $945.62K |
DGS vs. INCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 8.16% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
INCE Franklin Income Equity Focus ETF | 14.91% | 15.92% | 10.70% | 13.87% | -8.54% | 23.36% | 12.33% | 32.72% | -2.14% | 19.66% |
Correlation
The correlation between DGS and INCE is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | 0.51 |
The correlation between DGS and INCE shifts across timeframes, from 0.45 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DGS vs. INCE — Risk / Return Rank
DGS
INCE
DGS vs. INCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and Franklin Income Equity Focus ETF (INCE). 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 | INCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.58 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 5.24 | -3.69 |
| Martin ratioReturn relative to average drawdown | 4.58 | 20.20 | -15.62 |
Loading charts...
Drawdowns
DGS vs. INCE - Drawdown Comparison
The maximum DGS drawdown since its inception was -61.83%, which is greater than INCE's maximum drawdown of -33.95%. Use the drawdown chart below to compare losses from any high point for DGS and INCE.
Loading charts...
Drawdown Indicators
| DGS | INCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -33.95% | -27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -4.90% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | -14.01% | -5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -18.40% | -6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | — | — |
Current DrawdownCurrent decline from peak | -7.35% | -0.16% | -7.19% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -3.22% | -9.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.27% | +2.12% |
Volatility
DGS vs. INCE - Volatility Comparison
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a higher volatility of 5.55% compared to Franklin Income Equity Focus ETF (INCE) at 2.46%. This indicates that DGS's price experiences larger fluctuations and is considered to be riskier than INCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DGS | INCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 2.46% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 6.15% | +9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 8.40% | +9.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 13.25% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 15.60% | +1.74% |
DGS vs. INCE - Expense Ratio Comparison
DGS has a 0.58% expense ratio, which is higher than INCE's 0.29% expense ratio.
Dividends
DGS vs. INCE - Dividend Comparison
DGS's dividend yield for the trailing twelve months is around 3.96%, less than INCE's 4.84% 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% |
INCE Franklin Income Equity Focus ETF | 4.84% | 4.71% | 3.25% | 1.75% | 1.68% | 1.41% | 1.40% | 1.31% | 1.55% | 1.44% | 0.50% | 0.00% |
Frequently Asked Questions
DGS and INCE have a correlation of 0.45, 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 INCE (2.46%). In terms of maximum drawdown, DGS dropped -61.83% vs INCE's -33.95%.
On 5-year performance, INCE leads with 10.49% vs 6.78% for DGS. On fees, INCE is cheaper at 0.29% per year. On volatility, INCE has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, INCE has performed better with a 10.49% return vs 6.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INCE is cheaper with a 0.29% expense ratio, compared with 0.58% for DGS.
INCE has the higher dividend yield at 4.84%, compared with 3.96% for DGS.
They also come from different issuers: WisdomTree and Franklin Templeton. Their fees differ too: 0.58% for DGS and 0.29% for INCE.
INCE currently has the higher Sharpe Ratio (3.09 vs 0.89), 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.
Find the right allocation for DGS and INCE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer