DHS vs. DGS
DHS (WisdomTree US High Dividend Fund) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index, while DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 10 years, DHS returned 9.73%/yr vs 9.87%/yr for DGS. A 0.62 correlation means they provide meaningful diversification when combined. DHS charges 0.38%/yr vs 0.58%/yr for DGS.
Performance
DHS vs. DGS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DHS having a 12.61% return and DGS slightly higher at 12.85%. Both investments have delivered pretty close results over the past 10 years, with DHS having a 9.73% annualized return and DGS not far ahead at 9.87%.
DHS
- 1D
- 0.81%
- 1M
- -0.18%
- YTD
- 12.61%
- 6M
- 12.50%
- 1Y
- 22.41%
- 3Y*
- 17.58%
- 5Y*
- 11.73%
- 10Y*
- 9.73%
DGS
- 1D
- -2.97%
- 1M
- -0.76%
- YTD
- 12.85%
- 6M
- 13.23%
- 1Y
- 23.97%
- 3Y*
- 15.58%
- 5Y*
- 7.67%
- 10Y*
- 9.87%
DHS vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 12.61% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 12.85% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
Correlation
The correlation between DHS and DGS is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
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 | 0.62 |
Over the past year, the correlation between DHS and DGS has dropped to 0.32 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
DHS vs. DGS — Risk / Return Rank
DHS
DGS
DHS vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US High Dividend Fund (DHS) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS). 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.
| DHS | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.39 | +1.18 |
| Martin ratioReturn relative to average drawdown | 12.96 | 7.88 | +5.07 |
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Drawdowns
DHS vs. DGS - Drawdown Comparison
The maximum DHS drawdown since its inception was -67.25%, which is greater than DGS's maximum drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for DHS and DGS.
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Drawdown Indicators
| DHS | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.25% | -61.83% | -5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -10.06% | +3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -11.87% | -19.31% | +7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -24.86% | +9.58% |
Max Drawdown (10Y)Largest decline over 10 years | -37.35% | -44.08% | +6.73% |
Current DrawdownCurrent decline from peak | -1.19% | -3.33% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -12.56% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 3.05% | -1.32% |
Volatility
DHS vs. DGS - Volatility Comparison
The current volatility for WisdomTree US High Dividend Fund (DHS) is 3.61%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 7.86%. This indicates that DHS experiences smaller price fluctuations and is considered to be less risky than DGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHS | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 7.86% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 14.73% | -7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 16.88% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 15.19% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 17.33% | -1.25% |
DHS vs. DGS - Expense Ratio Comparison
DHS has a 0.38% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
DHS vs. DGS - Dividend Comparison
DHS's dividend yield for the trailing twelve months is around 3.27%, which matches DGS's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.26% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
DHS WisdomTree US High Dividend Fund | 3.27% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
Frequently Asked Questions
DHS and DGS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGS has higher volatility (7.86%) compared to DHS (3.61%). In terms of maximum drawdown, DHS dropped -67.25% vs DGS's -61.83%.
On 10-year performance, DGS leads with 9.87% vs 9.73% for DHS. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGS has performed better with a 9.87% return vs 9.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DHS is cheaper with a 0.38% expense ratio, compared with 0.58% for DGS.
DHS has the higher dividend yield at 3.27%, compared with 3.26% for DGS.
DHS is categorized as Large Cap Value Equities, while DGS is Emerging Markets Diversified. DHS tracks WisdomTree U.S. High Dividend Index, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. Their fees differ too: 0.38% for DHS and 0.58% for DGS.
DHS currently has the higher Sharpe Ratio (2.21 vs 1.43), 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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