REET vs. DGS
REET (iShares Global REIT ETF) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - REET is a REIT fund tracking the FTSE EPRA/NAREIT Global REIT 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, REET returned 4.50%/yr vs 10.14%/yr for DGS. A 0.53 correlation means they provide meaningful diversification when combined. REET charges 0.14%/yr vs 0.58%/yr for DGS.
Performance
REET vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, REET achieves a 12.42% return, which is significantly lower than DGS's 14.94% return. Over the past 10 years, REET has underperformed DGS with an annualized return of 4.50%, while DGS has yielded a comparatively higher 10.14% annualized return.
REET
- 1D
- 0.76%
- 1M
- 2.38%
- YTD
- 12.42%
- 6M
- 13.41%
- 1Y
- 16.15%
- 3Y*
- 10.34%
- 5Y*
- 2.51%
- 10Y*
- 4.50%
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%
REET vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REET iShares Global REIT ETF | 12.42% | 7.97% | 2.65% | 10.28% | -24.10% | 32.43% | -10.48% | 24.42% | -5.27% | 7.48% |
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 REET and DGS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2014 | 0.53 |
The correlation between REET and DGS has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.
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Return for Risk
REET vs. DGS — Risk / Return Rank
REET
DGS
REET vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) 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.
| REET | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.38 | -0.71 |
| Martin ratioReturn relative to average drawdown | 6.00 | 7.84 | -1.84 |
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Drawdowns
REET vs. DGS - Drawdown Comparison
The maximum REET drawdown since its inception was -44.59%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for REET and DGS.
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Drawdown Indicators
| REET | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -61.83% | +17.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.04% | -10.06% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -19.31% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -32.11% | -24.86% | -7.25% |
Max Drawdown (10Y)Largest decline over 10 years | -44.59% | -44.08% | -0.51% |
Current DrawdownCurrent decline from peak | 0.00% | -1.05% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -12.57% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 3.05% | -0.53% |
Volatility
REET vs. DGS - Volatility Comparison
The current volatility for iShares Global REIT ETF (REET) is 4.16%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 7.30%. This indicates that REET 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
| REET | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 7.30% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | 14.27% | -5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 16.60% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 15.08% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 17.39% | +1.46% |
REET vs. DGS - Expense Ratio Comparison
REET has a 0.14% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
REET vs. DGS - Dividend Comparison
REET's dividend yield for the trailing twelve months is around 3.29%, 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% |
REET iShares Global REIT ETF | 3.29% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
Frequently Asked Questions
REET and DGS have a correlation of 0.47, 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 REET (4.16%). In terms of maximum drawdown, REET dropped -44.59% vs DGS's -61.83%.
On 10-year performance, DGS leads with 10.14% vs 4.50% for REET. On fees, REET is cheaper at 0.14% per year. On volatility, REET has been the lower-risk option at 4.16%. 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 4.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REET is cheaper with a 0.14% expense ratio, compared with 0.58% for DGS.
REET has the higher dividend yield at 3.29%, compared with 3.20% for DGS.
REET is categorized as REIT, while DGS is Emerging Markets Diversified. REET tracks FTSE EPRA/NAREIT Global REIT Index, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.14% for REET and 0.58% for DGS.
DGS currently has the higher Sharpe Ratio (1.44 vs 1.23), 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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