DIEM vs. DGS
DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both Emerging Markets Diversified funds - DIEM tracks the Morningstar Emerging Markets Dividend Enhanced Select Index while DGS tracks the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 5 years, DIEM returned 11.95%/yr vs 7.85%/yr for DGS. Their correlation of 0.88 suggests significant overlap in exposure. DIEM charges 0.19%/yr vs 0.58%/yr for DGS.
Performance
DIEM vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, DIEM achieves a 34.62% return, which is significantly higher than DGS's 14.53% return.
DIEM
- 1D
- 1.25%
- 1M
- 13.76%
- YTD
- 34.62%
- 6M
- 37.79%
- 1Y
- 63.44%
- 3Y*
- 28.94%
- 5Y*
- 11.95%
- 10Y*
- —
DGS
- 1D
- -1.37%
- 1M
- 2.58%
- YTD
- 14.53%
- 6M
- 15.57%
- 1Y
- 27.26%
- 3Y*
- 16.17%
- 5Y*
- 7.85%
- 10Y*
- 9.93%
DIEM vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 34.62% | 30.81% | 12.29% | 15.41% | -20.61% | 6.92% | 1.27% | 12.23% | -11.29% | 27.61% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 14.53% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
Correlation
The correlation between DIEM and DGS is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2016 | 0.88 |
The correlation between DIEM and DGS has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
DIEM vs. DGS — Risk / Return Rank
DIEM
DGS
DIEM vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) 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.
| DIEM | DGS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.52 | 1.76 | +1.76 |
Sortino ratioReturn per unit of downside risk | 4.44 | 2.43 | +2.01 |
Omega ratioGain probability vs. loss probability | 1.66 | 1.32 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 5.18 | 2.72 | +2.46 |
Martin ratioReturn relative to average drawdown | 21.41 | 9.16 | +12.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIEM | DGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 1.76 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.53 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.23 | +0.33 |
Drawdowns
DIEM vs. DGS - Drawdown Comparison
The maximum DIEM drawdown since its inception was -38.61%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for DIEM and DGS.
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Drawdown Indicators
| DIEM | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.61% | -61.83% | +23.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -10.06% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -19.31% | +2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -33.34% | -24.86% | -8.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.08% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.40% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -12.59% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.98% | 0.00% |
Volatility
DIEM vs. DGS - Volatility Comparison
Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) has a higher volatility of 8.30% compared to WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) at 5.24%. This indicates that DIEM's price experiences larger fluctuations and is considered to be riskier 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
| DIEM | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 5.24% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 13.03% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 15.56% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 14.87% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 17.32% | +0.27% |
DIEM vs. DGS - Expense Ratio Comparison
DIEM has a 0.19% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
DIEM vs. DGS - Dividend Comparison
DIEM's dividend yield for the trailing twelve months is around 2.27%, less than DGS's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.21% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 2.27% | 2.99% | 4.92% | 4.45% | 6.31% | 4.06% | 2.75% | 5.98% | 3.87% | 2.61% | 0.35% | 0.00% |
Frequently Asked Questions
DIEM and DGS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIEM has higher volatility (8.30%) compared to DGS (5.24%). In terms of maximum drawdown, DIEM dropped -38.61% vs DGS's -61.83%.
On 5-year performance, DIEM leads with 11.95% vs 7.85% for DGS. On fees, DIEM is cheaper at 0.19% per year. On volatility, DGS has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIEM has performed better with a 11.95% return vs 7.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIEM is cheaper with a 0.19% expense ratio, compared with 0.58% for DGS.
DGS has the higher dividend yield at 3.21%, compared with 2.27% for DIEM.
DIEM tracks Morningstar Emerging Markets Dividend Enhanced Select Index, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.19% for DIEM and 0.58% for DGS.
DIEM currently has the higher Sharpe Ratio (3.52 vs 1.76), 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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