QEMM vs. DGRE

Last updated Aug 4, 2026

QEMM (SPDR MSCI Emerging Markets StrategicFactors ETF) and DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) are both exchange-traded funds - QEMM is a Emerging Markets Equities fund tracking the MSCI EM Factor Mix A-Series (USD), while DGRE is a Quality Factor fund actively managed by WisdomTree. QEMM is passively managed, while DGRE is actively managed. Over the past 10 years, QEMM returned 7.66%/yr vs 8.04%/yr for DGRE. Their correlation of 0.81 means they have usually moved in the same direction. QEMM charges 0.30%/yr vs 0.32%/yr for DGRE.

Performance

QEMM vs. DGRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) and WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QEMM achieves a 19.94% return, which is significantly lower than DGRE's 24.33% return. Both investments have delivered pretty close results over the past 10 years, with QEMM having a 7.66% annualized return and DGRE not far ahead at 8.04%.

QEMM

• 1D: 0.67%
• 1M: -0.23%
• 6M: 11.50%
• YTD: 19.94%
• 1Y: 31.80%
• 3Y*: 16.98%
• 5Y*: 7.29%
• 10Y*: 7.66%
• ALL TIME*: 5.41%

DGRE

• 1D: 1.17%
• 1M: -2.01%
• 6M: 14.83%
• YTD: 24.33%
• 1Y: 43.98%
• 3Y*: 20.91%
• 5Y*: 8.18%
• 10Y*: 8.04%
• ALL TIME*: 5.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	$229.67K	$448.89K	$491.47K
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF	$197.01K	$214.03K	$314.95K

QEMM vs. DGRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF	19.94%	21.92%	4.98%	12.50%	-17.82%	6.34%	9.95%	15.40%	-13.33%	31.50%
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	24.33%	27.47%	3.63%	18.46%	-21.86%	2.55%	10.85%	21.12%	-16.36%	33.61%

Correlation

The correlation between QEMM and DGRE is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.87
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014	0.81

The correlation between QEMM and DGRE shifts across timeframes, from 0.81 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.

QEMM vs. DGRE - Sectors Allocation Comparison

Sectors	QEMM	DGRE
Technology	36.5%	38.6%
Financial Services	19.8%	11.8%
Consumer Cyclical	8.0%	2.6%
Basic Materials	6.7%	4.4%
Industrials	6.6%	8.0%
Communication Services	6.6%	0.8%
Consumer Defensive	5.0%	2.3%
Energy	4.3%	1.1%
Healthcare	3.4%	2.6%
Utilities	2.4%	0.9%
Real Estate	0.8%	0.3%

Return for Risk

QEMM vs. DGRE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QEMM

QEMM Risk / Return Rank: 71
QEMM Sharpe Ratio Rank: 68
QEMM Sortino Ratio Rank: 64
QEMM Omega Ratio Rank: 70
QEMM Calmar Ratio Rank: 80
QEMM Martin Ratio Rank: 71

DGRE

DGRE Risk / Return Rank: 77
DGRE Sharpe Ratio Rank: 77
DGRE Sortino Ratio Rank: 72
DGRE Omega Ratio Rank: 77
DGRE Calmar Ratio Rank: 83
DGRE Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QEMM vs. DGRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) and WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE). 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.

	QEMM	DGRE	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.82	-0.17
Sortino ratio: Return per unit of downside risk	2.23	2.42	-0.18
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	3.07	3.23	-0.16
Martin ratio: Return relative to average drawdown	9.25	10.12	-0.87

QEMM vs. DGRE - Sharpe Ratio Comparison

The current QEMM Sharpe Ratio is 1.65, which is comparable to the DGRE Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of QEMM and DGRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QEMM vs. DGRE - Drawdown Comparison

The maximum QEMM drawdown since its inception was -36.89%, roughly equal to the maximum DGRE drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for QEMM and DGRE.

Drawdown Indicators

	QEMM	DGRE	Difference
Max Drawdown Largest peak-to-trough decline	-36.89%	-36.95%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-13.68%	+3.28%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	-20.65%	+3.62%
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	-33.43%	+6.31%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-36.95%	+0.06%
Current Drawdown Current decline from peak	-4.98%	-8.09%	+3.11%
Average Drawdown Average peak-to-trough decline	-10.56%	-11.93%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	4.36%	-0.91%

Volatility

QEMM vs. DGRE - Volatility Comparison

The current volatility for SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is 6.18%, while WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a volatility of 9.02%. This indicates that QEMM experiences smaller price fluctuations and is considered to be less risky than DGRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QEMM	DGRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	9.02%	-2.84%
Volatility (6M) Calculated over the trailing 6-month period	17.52%	22.59%	-5.07%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	24.31%	-4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	19.08%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	19.99%	-2.97%

QEMM vs. DGRE - Expense Ratio Comparison

QEMM has a 0.30% expense ratio, which is lower than DGRE's 0.32% expense ratio.

Dividends

QEMM vs. DGRE - Dividend Comparison

QEMM's dividend yield for the trailing twelve months is around 4.50%, more than DGRE's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	1.33%	1.65%	1.90%	2.22%	4.38%	2.56%	2.11%	2.32%	2.71%	3.12%	3.18%	3.01%
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF	4.50%	4.90%	5.17%	4.88%	4.07%	2.35%	2.48%	3.05%	2.86%	2.11%	2.03%	2.14%

Frequently Asked Questions

Can I hold both QEMM and DGRE in my portfolio?

With a correlation of 0.91, QEMM and DGRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QEMM or DGRE?

DGRE has higher volatility (9.02%) compared to QEMM (6.18%). In terms of maximum drawdown, QEMM dropped -36.89% vs DGRE's -36.95%.

Which ETF is better, QEMM or DGRE?

On 10-year performance, DGRE leads with 8.04% vs 7.66% for QEMM. On fees, QEMM is cheaper at 0.30% per year. On volatility, QEMM has been the lower-risk option at 6.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QEMM or DGRE?

Over the 10-year period, DGRE has performed better with a 8.04% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QEMM or DGRE?

QEMM is cheaper with a 0.30% expense ratio, compared with 0.32% for DGRE.

Which ETF pays a higher dividend yield, QEMM or DGRE?

QEMM has the higher dividend yield at 4.50%, compared with 1.33% for DGRE.

What is the main difference between QEMM and DGRE?

QEMM is categorized as Emerging Markets Equities, while DGRE is Quality Factor. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.30% for QEMM and 0.32% for DGRE.

Which has better risk-adjusted returns?

DGRE currently has the higher Sharpe Ratio (1.82 vs 1.65), 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.