EMEQ vs. DGS
EMEQ (Nomura Focused Emerging Markets Equity ETF) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - EMEQ is a Emerging Markets Equities fund actively managed by Nomura, while DGS is a Dividend fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. EMEQ is actively managed, while DGS is passively managed. Over the past year, EMEQ returned 113.64% vs 16.78% for DGS. Their 0.73 correlation means they have sometimes moved together and sometimes differently. EMEQ charges 0.86%/yr vs 0.58%/yr for DGS.
Performance
EMEQ vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, EMEQ achieves a 55.77% return, which is significantly higher than DGS's 9.26% return.
EMEQ
- 1D
- 1.31%
- 1M
- -7.03%
- 6M
- 33.20%
- YTD
- 55.77%
- 1Y
- 113.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 65.83%
DGS
- 1D
- 1.02%
- 1M
- -4.08%
- 6M
- 1.74%
- YTD
- 9.26%
- 1Y
- 16.78%
- 3Y*
- 12.33%
- 5Y*
- 6.77%
- 10Y*
- 8.04%
- ALL TIME*
- 4.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.65M | $2.61M | $2.99M | |
| $8.80M | $8.80M | $11.41M |
EMEQ vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMEQ Nomura Focused Emerging Markets Equity ETF | 55.77% | 69.78% | -0.73% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 9.26% | 21.18% | -4.07% |
Correlation
The correlation between EMEQ and DGS is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.73 |
The correlation between EMEQ and DGS has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.
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Return for Risk
EMEQ vs. DGS — Risk / Return Rank
EMEQ
DGS
EMEQ vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Focused Emerging Markets Equity ETF (EMEQ) 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.
| EMEQ | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.18 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 1.68 | +2.68 |
| Martin ratioReturn relative to average drawdown | 15.65 | 4.93 | +10.72 |
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Drawdowns
EMEQ vs. DGS - Drawdown Comparison
The maximum EMEQ drawdown since its inception was -26.25%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for EMEQ and DGS.
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Drawdown Indicators
| EMEQ | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.25% | -61.83% | +35.58% |
Max Drawdown (1Y)Largest decline over 1 year | -26.25% | -10.06% | -16.19% |
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 | -19.83% | -6.41% | -13.42% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -12.51% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.29% | 3.41% | +3.88% |
Volatility
EMEQ vs. DGS - Volatility Comparison
Nomura Focused Emerging Markets Equity ETF (EMEQ) has a higher volatility of 14.69% compared to WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) at 5.64%. This indicates that EMEQ'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
| EMEQ | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.69% | 5.64% | +9.05% |
Volatility (6M)Calculated over the trailing 6-month period | 37.55% | 15.50% | +22.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.45% | 17.44% | +23.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.13% | 15.34% | +18.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.13% | 17.35% | +16.78% |
EMEQ vs. DGS - Expense Ratio Comparison
EMEQ has a 0.86% expense ratio, which is higher than DGS's 0.58% expense ratio.
Dividends
EMEQ vs. DGS - Dividend Comparison
EMEQ's dividend yield for the trailing twelve months is around 1.77%, less than DGS's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.92% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
EMEQ Nomura Focused Emerging Markets Equity ETF | 1.77% | 2.76% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMEQ and DGS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMEQ has higher volatility (14.69%) compared to DGS (5.64%). In terms of maximum drawdown, EMEQ dropped -26.25% vs DGS's -61.83%.
On 1-year performance, EMEQ leads with 113.64% vs 16.78% for DGS. On fees, DGS is cheaper at 0.58% per year. On volatility, DGS has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMEQ has performed better with a 113.64% return vs 16.78%. 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 0.86% for EMEQ.
DGS has the higher dividend yield at 3.92%, compared with 1.77% for EMEQ.
EMEQ is categorized as Emerging Markets Equities, while DGS is Dividend. They also come from different issuers: Nomura and WisdomTree. Their fees differ too: 0.86% for EMEQ and 0.58% for DGS.
EMEQ currently has the higher Sharpe Ratio (2.83 vs 0.97), 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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