DGS vs. SPDG
DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) are both Dividend funds - DGS tracks the WisdomTree Emerging Markets SmallCap Dividend Index while SPDG tracks the S&P Sector-Neutral High Yield Dividend Aristocrats Index. Both are passively managed. Over the past year, DGS returned 15.60% vs 24.51% for SPDG. Their 0.54 correlation means they have sometimes moved together and sometimes differently. DGS charges 0.58%/yr vs 0.05%/yr for SPDG.
Performance
DGS vs. SPDG - Performance Comparison
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Returns By Period
In the year-to-date period, DGS achieves a 8.16% return, which is significantly lower than SPDG's 14.23% 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%
SPDG
- 1D
- 0.34%
- 1M
- -0.77%
- 6M
- 7.57%
- YTD
- 14.23%
- 1Y
- 24.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.57M | $2.59M | $2.98M | |
| $48.48K | $40.82K | $36.86K |
DGS vs. SPDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 8.16% | 21.18% | 1.13% | 6.63% |
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 14.23% | 11.66% | 20.22% | 8.09% |
Correlation
The correlation between DGS and SPDG is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023 | 0.54 |
The correlation between DGS and SPDG has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
DGS vs. SPDG — Risk / Return Rank
DGS
SPDG
DGS vs. SPDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG). 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 | SPDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.83 | -1.29 |
| Martin ratioReturn relative to average drawdown | 4.58 | 9.27 | -4.70 |
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Drawdowns
DGS vs. SPDG - Drawdown Comparison
The maximum DGS drawdown since its inception was -61.83%, which is greater than SPDG's maximum drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for DGS and SPDG.
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Drawdown Indicators
| DGS | SPDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -15.67% | -46.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -8.34% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | — | — |
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% | -2.77% | -4.58% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -2.19% | -10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.54% | +0.85% |
Volatility
DGS vs. SPDG - Volatility Comparison
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a higher volatility of 5.55% compared to SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) at 3.50%. This indicates that DGS's price experiences larger fluctuations and is considered to be riskier than SPDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGS | SPDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 3.50% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 9.56% | +5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 12.55% | +4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.33% | 14.11% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 14.11% | +3.23% |
DGS vs. SPDG - Expense Ratio Comparison
DGS has a 0.58% expense ratio, which is higher than SPDG's 0.05% expense ratio.
Dividends
DGS vs. SPDG - Dividend Comparison
DGS's dividend yield for the trailing twelve months is around 3.96%, more than SPDG's 2.72% 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% |
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.72% | 2.87% | 2.61% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGS and SPDG have a correlation of 0.48, 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 SPDG (3.50%). In terms of maximum drawdown, DGS dropped -61.83% vs SPDG's -15.67%.
On 1-year performance, SPDG leads with 24.51% vs 15.60% for DGS. On fees, SPDG is cheaper at 0.05% per year. On volatility, SPDG has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPDG has performed better with a 24.51% return vs 15.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPDG is cheaper with a 0.05% expense ratio, compared with 0.58% for DGS.
DGS has the higher dividend yield at 3.96%, compared with 2.72% for SPDG.
DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index, while SPDG tracks S&P Sector-Neutral High Yield Dividend Aristocrats Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.58% for DGS and 0.05% for SPDG.
SPDG currently has the higher Sharpe Ratio (1.90 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.
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