TEMX vs. DGS

Last updated Jun 23, 2026

TEMX (Touchstone Sands Capital Emerging Markets ex-China Growth ETF) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both Emerging Markets Diversified funds. TEMX is actively managed, while DGS is passively managed. Over the past year, TEMX returned 52.13% vs 28.60% for DGS. A 0.76 correlation means they provide meaningful diversification when combined. TEMX charges 0.79%/yr vs 0.58%/yr for DGS.

Performance

TEMX vs. DGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEMX achieves a 35.12% return, which is significantly higher than DGS's 16.30% return.

TEMX

• 1D: 1.72%
• 1M: 12.72%
• YTD: 35.12%
• 6M: 38.18%
• 1Y: 52.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGS

• 1D: -0.18%
• 1M: 2.28%
• YTD: 16.30%
• 6M: 17.62%
• 1Y: 28.60%
• 3Y*: 16.75%
• 5Y*: 8.53%
• 10Y*: 10.20%

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

TEMX vs. DGS - Yearly Performance Comparison

	2026 (YTD)	2025
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	35.12%	21.36%
DGS WisdomTree Emerging Markets SmallCap Dividend Fund	16.30%	19.27%

Correlation

The correlation between TEMX and DGS is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	0.76

The correlation between TEMX and DGS has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.

Return for Risk

TEMX vs. DGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEMX

TEMX Risk / Return Rank: 69
TEMX Sharpe Ratio Rank: 68
TEMX Sortino Ratio Rank: 62
TEMX Omega Ratio Rank: 70
TEMX Calmar Ratio Rank: 71
TEMX Martin Ratio Rank: 73

DGS

DGS Risk / Return Rank: 54
DGS Sharpe Ratio Rank: 52
DGS Sortino Ratio Rank: 50
DGS Omega Ratio Rank: 52
DGS Calmar Ratio Rank: 60
DGS Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEMX vs. DGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) 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.

	TEMX	DGS	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.73	+0.42
Sortino ratio: Return per unit of downside risk	2.78	2.39	+0.39
Omega ratio: Gain probability vs. loss probability	1.40	1.32	+0.08
Calmar ratio: Return relative to maximum drawdown	3.50	2.86	+0.65
Martin ratio: Return relative to average drawdown	13.26	9.43	+3.83

TEMX vs. DGS - Sharpe Ratio Comparison

The current TEMX Sharpe Ratio is 2.15, which is comparable to the DGS Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of TEMX and DGS, 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

TEMX vs. DGS - Drawdown Comparison

The maximum TEMX drawdown since its inception was -14.95%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for TEMX and DGS.

Drawdown Indicators

	TEMX	DGS	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-61.83%	+46.88%
Max Drawdown (1Y) Largest decline over 1 year	-14.95%	-10.06%	-4.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.08%	—
Current Drawdown Current decline from peak	0.00%	-0.38%	+0.38%
Average Drawdown Average peak-to-trough decline	-2.43%	-12.56%	+10.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	3.04%	+0.90%

Volatility

TEMX vs. DGS - Volatility Comparison

Touchstone Sands Capital Emerging Markets ex-China Growth ETF (TEMX) has a higher volatility of 12.53% compared to WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) at 7.20%. This indicates that TEMX's price experiences larger fluctuations and is considered to be riskier than DGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEMX	DGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.53%	7.20%	+5.33%
Volatility (6M) Calculated over the trailing 6-month period	22.30%	14.41%	+7.89%
Volatility (1Y) Calculated over the trailing 1-year period	24.46%	16.63%	+7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.35%	15.13%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.35%	17.39%	+6.96%

TEMX vs. DGS - Expense Ratio Comparison

TEMX has a 0.79% expense ratio, which is higher than DGS's 0.58% expense ratio.

Dividends

TEMX vs. DGS - Dividend Comparison

TEMX's dividend yield for the trailing twelve months is around 0.80%, less than DGS's 3.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGS WisdomTree Emerging Markets SmallCap Dividend Fund	3.16%	3.45%	3.36%	4.55%	5.34%	3.98%	3.69%	3.95%	4.24%	2.81%	3.42%	3.28%
TEMX Touchstone Sands Capital Emerging Markets ex-China Growth ETF	0.80%	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEMX and DGS in my portfolio?

TEMX and DGS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEMX or DGS?

TEMX has higher volatility (12.53%) compared to DGS (7.20%). In terms of maximum drawdown, TEMX dropped -14.95% vs DGS's -61.83%.

Which ETF is better, TEMX or DGS?

On 1-year performance, TEMX leads with 52.13% vs 28.60% for DGS. On fees, DGS is cheaper at 0.58% per year. On volatility, DGS has been the lower-risk option at 7.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEMX or DGS?

Over the 1-year period, TEMX has performed better with a 52.13% return vs 28.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEMX or DGS?

DGS is cheaper with a 0.58% expense ratio, compared with 0.79% for TEMX.

Which ETF pays a higher dividend yield, TEMX or DGS?

DGS has the higher dividend yield at 3.16%, compared with 0.80% for TEMX.

What is the main difference between TEMX and DGS?

They also come from different issuers: Touchstone and WisdomTree. Their fees differ too: 0.79% for TEMX and 0.58% for DGS.

Which has better risk-adjusted returns?

TEMX currently has the higher Sharpe Ratio (2.15 vs 1.73), 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.