FMQQ vs. DGS
FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both Emerging Markets Diversified funds - FMQQ tracks the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net while DGS tracks the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 3 years, FMQQ returned 2.61%/yr vs 15.58%/yr for DGS. A 0.68 correlation means they provide meaningful diversification when combined. FMQQ charges 0.86%/yr vs 0.58%/yr for DGS.
Performance
FMQQ vs. DGS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FMQQ achieves a -17.33% return, which is significantly lower than DGS's 12.85% return.
FMQQ
- 1D
- -1.59%
- 1M
- 0.22%
- YTD
- -17.33%
- 6M
- -17.61%
- 1Y
- -20.84%
- 3Y*
- 2.61%
- 5Y*
- —
- 10Y*
- —
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%
FMQQ vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -17.33% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 12.85% | 21.18% | 1.13% | 19.08% | -12.35% | -0.73% |
Correlation
The correlation between FMQQ and DGS is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.68 |
The correlation between FMQQ and DGS has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FMQQ vs. DGS — Risk / Return Rank
FMQQ
DGS
FMQQ vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) 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.
| FMQQ | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.27 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.39 | -3.07 |
| Martin ratioReturn relative to average drawdown | -1.28 | 7.88 | -9.16 |
Loading charts...
Drawdowns
FMQQ vs. DGS - Drawdown Comparison
The maximum FMQQ drawdown since its inception was -64.51%, roughly equal to the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for FMQQ and DGS.
Loading charts...
Drawdown Indicators
| FMQQ | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -61.83% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -30.82% | -10.06% | -20.76% |
Max Drawdown (3Y)Largest decline over 3 years | -30.82% | -19.31% | -11.51% |
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 | -55.31% | -3.33% | -51.98% |
Average DrawdownAverage peak-to-trough decline | -49.41% | -12.56% | -36.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.34% | 3.05% | +13.29% |
Volatility
FMQQ vs. DGS - Volatility Comparison
The current volatility for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) is 6.10%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 7.86%. This indicates that FMQQ 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.
Loading charts...
Volatility by Period
| FMQQ | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 7.86% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 16.16% | 14.73% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 16.88% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.80% | 15.19% | +9.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.80% | 17.33% | +7.47% |
FMQQ vs. DGS - Expense Ratio Comparison
FMQQ has a 0.86% expense ratio, which is higher than DGS's 0.58% expense ratio.
Dividends
FMQQ vs. DGS - Dividend Comparison
FMQQ's dividend yield for the trailing twelve months is around 0.74%, less than 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% |
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.74% | 0.61% | 0.45% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FMQQ and DGS have a correlation of 0.68, 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 FMQQ (6.10%). In terms of maximum drawdown, FMQQ dropped -64.51% vs DGS's -61.83%.
On 3-year performance, DGS leads with 15.58% vs 2.61% for FMQQ. On fees, DGS is cheaper at 0.58% per year. On volatility, FMQQ has been the lower-risk option at 6.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DGS has performed better with a 15.58% return vs 2.61%. 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 FMQQ.
DGS has the higher dividend yield at 3.26%, compared with 0.74% for FMQQ.
FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: EMQQ and WisdomTree. Their fees differ too: 0.86% for FMQQ and 0.58% for DGS.
DGS currently has the higher Sharpe Ratio (1.43 vs -1.09), 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.
Find the right allocation for FMQQ and DGS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer