GBDC vs. DGS
GBDC (Golub Capital BDC, Inc.) is a stock, while DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) is Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. Over the past 10 years, GBDC returned 6.73%/yr vs 10.14%/yr for DGS. At a 0.30 correlation, their price movements are largely independent.
Performance
GBDC vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, GBDC achieves a 0.68% return, which is significantly lower than DGS's 14.94% return. Over the past 10 years, GBDC has underperformed DGS with an annualized return of 6.73%, while DGS has yielded a comparatively higher 10.14% annualized return.
GBDC
- 1D
- -0.30%
- 1M
- 1.53%
- YTD
- 0.68%
- 6M
- -0.71%
- 1Y
- -2.64%
- 3Y*
- 10.34%
- 5Y*
- 6.81%
- 10Y*
- 6.73%
DGS
- 1D
- 0.65%
- 1M
- 1.57%
- YTD
- 14.94%
- 6M
- 17.07%
- 1Y
- 23.81%
- 3Y*
- 15.36%
- 5Y*
- 8.06%
- 10Y*
- 10.14%
GBDC vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBDC Golub Capital BDC, Inc. | 0.68% | -0.50% | 13.57% | 27.69% | -6.99% | 17.78% | -14.73% | 21.09% | -2.20% | 6.27% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 14.94% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
Correlation
The correlation between GBDC and DGS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2010 | 0.30 |
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Return for Risk
GBDC vs. DGS — Risk / Return Rank
GBDC
DGS
GBDC vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Golub Capital BDC, Inc. (GBDC) 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.
| GBDC | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.27 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.38 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.31 | 7.84 | -8.15 |
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Drawdowns
GBDC vs. DGS - Drawdown Comparison
The maximum GBDC drawdown since its inception was -47.30%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for GBDC and DGS.
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Drawdown Indicators
| GBDC | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.30% | -61.83% | +14.53% |
Max Drawdown (1Y)Largest decline over 1 year | -18.20% | -10.06% | -8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.20% | -19.31% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -24.86% | +5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -47.30% | -44.08% | -3.22% |
Current DrawdownCurrent decline from peak | -6.79% | -1.05% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -12.57% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.56% | 3.05% | +5.51% |
Volatility
GBDC vs. DGS - Volatility Comparison
The current volatility for Golub Capital BDC, Inc. (GBDC) is 5.60%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 7.30%. This indicates that GBDC 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
| GBDC | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 7.30% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 14.27% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.15% | 16.60% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 15.08% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 17.39% | +4.17% |
Dividends
GBDC vs. DGS - Dividend Comparison
GBDC's dividend yield for the trailing twelve months is around 11.29%, more than DGS's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.20% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
GBDC Golub Capital BDC, Inc. | 11.29% | 11.50% | 12.73% | 10.00% | 9.35% | 7.58% | 8.44% | 7.70% | 8.49% | 7.47% | 8.32% | 7.70% |
Frequently Asked Questions
GBDC and DGS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGS has higher volatility (7.30%) compared to GBDC (5.60%). In terms of maximum drawdown, GBDC dropped -47.30% vs DGS's -61.83%.
DGS currently has the higher Sharpe Ratio (1.44 vs -0.14), 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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