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 2.72%/yr vs 13.05%/yr for DGS. A 0.67 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
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Returns By Period
In the year-to-date period, FMQQ achieves a -12.29% return, which is significantly lower than DGS's 11.94% return.
FMQQ
- 1D
- -1.11%
- 1M
- 4.15%
- 6M
- -10.48%
- YTD
- -12.29%
- 1Y
- -17.84%
- 3Y*
- 2.72%
- 5Y*
- —
- 10Y*
- —
DGS
- 1D
- -1.01%
- 1M
- -3.12%
- 6M
- 7.47%
- YTD
- 11.94%
- 1Y
- 17.25%
- 3Y*
- 13.05%
- 5Y*
- 7.26%
- 10Y*
- 8.70%
FMQQ vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -12.29% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 11.94% | 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.67 |
The correlation between FMQQ and DGS has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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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 | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.19 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.72 | -2.30 |
| Martin ratioReturn relative to average drawdown | -1.03 | 5.53 | -6.56 |
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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.
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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 | -52.59% | -4.11% | -48.48% |
Average DrawdownAverage peak-to-trough decline | -49.46% | -12.52% | -36.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.34% | 3.13% | +14.21% |
Volatility
FMQQ vs. DGS - Volatility Comparison
The current volatility for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) is 4.24%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 5.74%. 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.
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Volatility by Period
| FMQQ | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.74% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 15.25% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 17.12% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.70% | 15.28% | +9.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.70% | 17.31% | +7.39% |
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 0.70%, less than DGS's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.83% | 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 | 0.70% | 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 (5.74%) compared to FMQQ (4.24%). In terms of maximum drawdown, FMQQ dropped -64.51% vs DGS's -61.83%.
On 3-year performance, DGS leads with 13.05% vs 2.72% for FMQQ. On fees, DGS is cheaper at 0.58% per year. On volatility, FMQQ has been the lower-risk option at 4.24%. 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 13.05% return vs 2.72%. 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 3.83%, compared with 0.70% 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 (1.01 vs -0.93), 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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