DGS vs. UYM
DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) and UYM (ProShares Ultra Basic Materials) are both exchange-traded funds - DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index, while UYM is a Leveraged Equities fund tracking the Dow Jones U.S. Basic Materials Index (200%). Both are passively managed. Over the past 10 years, DGS returned 10.14%/yr vs 12.48%/yr for UYM. A 0.67 correlation means they provide meaningful diversification when combined. DGS charges 0.58%/yr vs 0.95%/yr for UYM.
Performance
DGS vs. UYM - Performance Comparison
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Returns By Period
In the year-to-date period, DGS achieves a 14.94% return, which is significantly lower than UYM's 27.95% return. Over the past 10 years, DGS has underperformed UYM with an annualized return of 10.14%, while UYM has yielded a comparatively higher 12.48% 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%
UYM
- 1D
- 3.74%
- 1M
- 1.10%
- YTD
- 27.95%
- 6M
- 30.38%
- 1Y
- 36.06%
- 3Y*
- 11.85%
- 5Y*
- 4.60%
- 10Y*
- 12.48%
DGS vs. UYM - 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% |
UYM ProShares Ultra Basic Materials | 27.95% | 9.46% | -8.00% | 17.47% | -23.10% | 54.58% | 16.56% | 35.09% | -35.68% | 51.51% |
Correlation
The correlation between DGS and UYM is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2007 | 0.67 |
The correlation between DGS and UYM has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
DGS vs. UYM — Risk / Return Rank
DGS
UYM
DGS vs. UYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) and ProShares Ultra Basic Materials (UYM). 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 | UYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.38 | +1.00 |
| Martin ratioReturn relative to average drawdown | 7.84 | 3.67 | +4.17 |
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Drawdowns
DGS vs. UYM - Drawdown Comparison
The maximum DGS drawdown since its inception was -61.83%, smaller than the maximum UYM drawdown of -92.77%. Use the drawdown chart below to compare losses from any high point for DGS and UYM.
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Drawdown Indicators
| DGS | UYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.83% | -92.77% | +30.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -23.85% | +13.79% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | -43.88% | +24.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -48.25% | +23.39% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | -73.31% | +29.23% |
Current DrawdownCurrent decline from peak | -1.05% | -7.32% | +6.27% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -42.06% | +29.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 8.95% | -5.90% |
Volatility
DGS vs. UYM - Volatility Comparison
The current volatility for WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) is 7.30%, while ProShares Ultra Basic Materials (UYM) has a volatility of 14.01%. This indicates that DGS experiences smaller price fluctuations and is considered to be less risky than UYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGS | UYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 14.01% | -6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 27.29% | -13.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 35.09% | -18.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 39.49% | -24.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 42.86% | -25.47% |
DGS vs. UYM - Expense Ratio Comparison
DGS has a 0.58% expense ratio, which is lower than UYM's 0.95% expense ratio.
Dividends
DGS vs. UYM - Dividend Comparison
DGS's dividend yield for the trailing twelve months is around 3.20%, more than UYM's 1.19% 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% |
UYM ProShares Ultra Basic Materials | 1.19% | 1.47% | 0.98% | 0.28% | 0.88% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% |
Frequently Asked Questions
DGS and UYM have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UYM has higher volatility (14.01%) compared to DGS (7.30%). In terms of maximum drawdown, DGS dropped -61.83% vs UYM's -92.77%.
On 10-year performance, UYM leads with 12.48% vs 10.14% for DGS. On fees, DGS is cheaper at 0.58% per year. On volatility, DGS has been the lower-risk option at 7.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UYM has performed better with a 12.48% return vs 10.14%. 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 0.95% for UYM.
DGS has the higher dividend yield at 3.20%, compared with 1.19% for UYM.
DGS is categorized as Emerging Markets Diversified, while UYM is Leveraged Equities. DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index, while UYM tracks Dow Jones U.S. Basic Materials Index (200%). They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.58% for DGS and 0.95% for UYM.
DGS currently has the higher Sharpe Ratio (1.44 vs 0.94), 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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