EMMF vs. DGRW

Last updated Jun 3, 2026

EMMF (WisdomTree Emerging Markets Multifactor Fund) and DGRW (WisdomTree U.S. Dividend Growth Fund) are both exchange-traded funds - EMMF is a Asia Pacific Equities fund actively managed by WisdomTree, while DGRW is a Large Cap Growth Equities fund tracking the WisdomTree U.S. Dividend Growth Index. EMMF is actively managed, while DGRW is passively managed. Over the past 5 years, EMMF returned 11.18%/yr vs 12.52%/yr for DGRW. A 0.61 correlation means they provide meaningful diversification when combined. EMMF charges 0.48%/yr vs 0.28%/yr for DGRW.

Performance

EMMF vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Multifactor Fund (EMMF) and WisdomTree U.S. Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMMF achieves a 29.25% return, which is significantly higher than DGRW's 10.01% return.

EMMF

• 1D: -0.25%
• 1M: 12.42%
• YTD: 29.25%
• 6M: 30.61%
• 1Y: 50.65%
• 3Y*: 24.40%
• 5Y*: 11.18%
• 10Y*: —

DGRW

• 1D: 0.27%
• 1M: 4.42%
• YTD: 10.01%
• 6M: 10.12%
• 1Y: 22.57%
• 3Y*: 16.97%
• 5Y*: 12.52%
• 10Y*: 14.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMMF vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMMF WisdomTree Emerging Markets Multifactor Fund	29.25%	21.22%	9.45%	20.59%	-13.47%	5.97%	9.25%	2.30%	-6.64%
DGRW WisdomTree U.S. Dividend Growth Fund	10.01%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-9.64%

Correlation

The correlation between EMMF and DGRW is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Aug 13, 2018	0.61

The correlation between EMMF and DGRW has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

EMMF vs. DGRW - Sectors Allocation Comparison

Sectors	EMMF	DGRW
Technology	32.9%	32.1%
Consumer Cyclical	14.0%	7.1%
Financial Services	8.2%	11.3%
Communication Services	6.6%	10.1%
Consumer Defensive	4.4%	6.7%
Industrials	3.8%	9.9%
Energy	2.1%	5.0%
Utilities	2.0%	0.2%
Basic Materials	1.9%	3.3%
Healthcare	0.3%	12.8%
Real Estate	-	-

Return for Risk

EMMF vs. DGRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMMF

EMMF Risk / Return Rank: 88
EMMF Sharpe Ratio Rank: 89
EMMF Sortino Ratio Rank: 87
EMMF Omega Ratio Rank: 90
EMMF Calmar Ratio Rank: 85
EMMF Martin Ratio Rank: 88

DGRW

DGRW Risk / Return Rank: 67
DGRW Sharpe Ratio Rank: 69
DGRW Sortino Ratio Rank: 73
DGRW Omega Ratio Rank: 71
DGRW Calmar Ratio Rank: 55
DGRW Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMMF vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Multifactor Fund (EMMF) and WisdomTree U.S. Dividend Growth Fund (DGRW). 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.

	EMMF	DGRW	Difference
Sharpe ratio Return per unit of total volatility	3.08	2.30	+0.78
Sortino ratio Return per unit of downside risk	4.02	3.35	+0.67
Omega ratio Gain probability vs. loss probability	1.59	1.43	+0.16
Calmar ratio Return relative to maximum drawdown	4.79	2.76	+2.03
Martin ratio Return relative to average drawdown	19.83	12.13	+7.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMMF vs. DGRW - Sharpe Ratio Comparison

The current EMMF Sharpe Ratio is 3.08, which is higher than the DGRW Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of EMMF and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMMF	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.08	2.30	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.90	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.86	-0.31

Drawdowns

EMMF vs. DGRW - Drawdown Comparison

The maximum EMMF drawdown since its inception was -32.57%, roughly equal to the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for EMMF and DGRW.

Drawdown Indicators

	EMMF	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-32.57%	-32.04%	-0.53%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-8.30%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-16.02%	-16.21%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-24.99%	-17.27%	-7.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-0.25%	0.00%	-0.25%
Average Drawdown Average peak-to-trough decline	-7.45%	-3.01%	-4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	1.89%	+0.68%

Volatility

EMMF vs. DGRW - Volatility Comparison

WisdomTree Emerging Markets Multifactor Fund (EMMF) has a higher volatility of 7.08% compared to WisdomTree U.S. Dividend Growth Fund (DGRW) at 2.34%. This indicates that EMMF's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMMF	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	2.34%	+4.74%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	7.61%	+6.81%
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	9.84%	+6.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	13.96%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	16.21%	+0.41%

EMMF vs. DGRW - Expense Ratio Comparison

EMMF has a 0.48% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

EMMF vs. DGRW - Dividend Comparison

EMMF's dividend yield for the trailing twelve months is around 1.83%, more than DGRW's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Dividend Growth Fund	1.26%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
EMMF WisdomTree Emerging Markets Multifactor Fund	1.83%	2.45%	1.30%	1.62%	3.48%	2.64%	1.93%	2.93%	0.66%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMMF and DGRW in my portfolio?

EMMF and DGRW have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMMF or DGRW?

EMMF has higher volatility (7.08%) compared to DGRW (2.34%). In terms of maximum drawdown, EMMF dropped -32.57% vs DGRW's -32.04%.

Which ETF is better, EMMF or DGRW?

On 5-year performance, DGRW leads with 12.52% vs 11.18% for EMMF. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMMF or DGRW?

Over the 5-year period, DGRW has performed better with a 12.52% return vs 11.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMMF or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.48% for EMMF.

Which ETF pays a higher dividend yield, EMMF or DGRW?

EMMF has the higher dividend yield at 1.83%, compared with 1.26% for DGRW.

What is the main difference between EMMF and DGRW?

EMMF is categorized as Asia Pacific Equities, while DGRW is Large Cap Growth Equities. Their fees differ too: 0.48% for EMMF and 0.28% for DGRW.

Which has better risk-adjusted returns?

EMMF currently has the higher Sharpe Ratio (3.08 vs 2.30), 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.