NFRA vs. DGS
NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - NFRA is a Utilities Equities fund tracking the STOXX Global Broad Infrastructure Index, while DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 10 years, NFRA returned 7.41%/yr vs 10.14%/yr for DGS. A 0.67 correlation means they provide meaningful diversification when combined. NFRA charges 0.47%/yr vs 0.58%/yr for DGS.
Performance
NFRA vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, NFRA achieves a 9.54% return, which is significantly lower than DGS's 14.94% return. Over the past 10 years, NFRA has underperformed DGS with an annualized return of 7.41%, while DGS has yielded a comparatively higher 10.14% annualized return.
NFRA
- 1D
- 0.72%
- 1M
- 0.76%
- YTD
- 9.54%
- 6M
- 10.58%
- 1Y
- 14.51%
- 3Y*
- 12.83%
- 5Y*
- 5.59%
- 10Y*
- 7.41%
DGS
- 1D
- 0.65%
- 1M
- 1.51%
- YTD
- 14.94%
- 6M
- 17.07%
- 1Y
- 25.61%
- 3Y*
- 15.36%
- 5Y*
- 8.06%
- 10Y*
- 10.14%
NFRA vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 9.54% | 18.42% | 4.76% | 8.96% | -10.11% | 9.61% | 2.24% | 26.27% | -7.74% | 15.92% |
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 NFRA and DGS is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2013 | 0.67 |
The correlation between NFRA and DGS has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
NFRA vs. DGS — Risk / Return Rank
NFRA
DGS
NFRA vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) 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.
| NFRA | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.38 | -0.48 |
| Martin ratioReturn relative to average drawdown | 5.96 | 7.84 | -1.88 |
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Drawdowns
NFRA vs. DGS - Drawdown Comparison
The maximum NFRA drawdown since its inception was -32.49%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for NFRA and DGS.
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Drawdown Indicators
| NFRA | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -61.83% | +29.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -10.06% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -19.31% | +8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -24.86% | +2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -32.49% | -44.08% | +11.59% |
Current DrawdownCurrent decline from peak | -1.60% | -1.05% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -12.57% | +8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 3.05% | -0.73% |
Volatility
NFRA vs. DGS - Volatility Comparison
The current volatility for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is 3.19%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 7.30%. This indicates that NFRA 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
| NFRA | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 7.30% | -4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.35% | 14.27% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 16.60% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.99% | 15.08% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 17.39% | -2.43% |
NFRA vs. DGS - Expense Ratio Comparison
NFRA has a 0.47% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
NFRA vs. DGS - Dividend Comparison
NFRA's dividend yield for the trailing twelve months is around 5.51%, 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% |
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 5.51% | 6.00% | 3.33% | 2.57% | 2.28% | 2.71% | 2.22% | 2.27% | 3.06% | 2.81% | 2.98% | 2.47% |
Frequently Asked Questions
NFRA and DGS have a correlation of 0.60, 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 NFRA (3.19%). In terms of maximum drawdown, NFRA dropped -32.49% vs DGS's -61.83%.
On 10-year performance, DGS leads with 10.14% vs 7.41% for NFRA. On fees, NFRA is cheaper at 0.47% per year. On volatility, NFRA has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGS has performed better with a 10.14% return vs 7.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFRA is cheaper with a 0.47% expense ratio, compared with 0.58% for DGS.
NFRA has the higher dividend yield at 5.51%, compared with 3.20% for DGS.
NFRA is categorized as Utilities Equities, while DGS is Emerging Markets Diversified. NFRA tracks STOXX Global Broad Infrastructure Index, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: FlexShares and WisdomTree. Their fees differ too: 0.47% for NFRA and 0.58% for DGS.
DGS currently has the higher Sharpe Ratio (1.44 vs 1.32), 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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