WCME vs. DVYE

Last updated Jun 23, 2026

WCME (First Trust WCM Developing World Equity ETF) and DVYE (iShares Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - WCME tracks the Actively Managed while DVYE tracks the Dow Jones Emerging Markets Select Dividend Index. Both are passively managed. Over the past year, WCME returned 34.19% vs 25.76% for DVYE. A 0.70 correlation means they provide meaningful diversification when combined. WCME charges 0.95%/yr vs 0.49%/yr for DVYE.

Performance

WCME vs. DVYE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust WCM Developing World Equity ETF (WCME) and iShares Emerging Markets Dividend ETF (DVYE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCME achieves a 17.58% return, which is significantly higher than DVYE's 8.97% return.

WCME

• 1D: 1.04%
• 1M: 5.83%
• YTD: 17.58%
• 6M: 19.22%
• 1Y: 34.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVYE

• 1D: 0.54%
• 1M: -1.10%
• YTD: 8.97%
• 6M: 10.42%
• 1Y: 25.76%
• 3Y*: 20.78%
• 5Y*: 5.03%
• 10Y*: 7.81%

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

WCME vs. DVYE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WCME First Trust WCM Developing World Equity ETF	17.58%	35.19%	-10.72%
DVYE iShares Emerging Markets Dividend ETF	8.97%	28.36%	-6.98%

Correlation

The correlation between WCME and DVYE is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Oct 7, 2024	0.70

The correlation between WCME and DVYE has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.

WCME vs. DVYE - Sectors Allocation Comparison

Sectors	WCME	DVYE
Technology	39.4%	8.4%
Financial Services	15.0%	28.5%
Consumer Cyclical	10.9%	4.3%
Healthcare	10.5%	-
Industrials	7.4%	17.0%
Basic Materials	6.3%	8.8%
Energy	4.5%	18.2%
Communication Services	3.4%	1.7%
Consumer Defensive	3.0%	2.1%
Utilities	2.5%	7.0%
Real Estate	-	4.0%

Return for Risk

WCME vs. DVYE — Risk / Return Rank

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

WCME

WCME Risk / Return Rank: 46
WCME Sharpe Ratio Rank: 47
WCME Sortino Ratio Rank: 43
WCME Omega Ratio Rank: 47
WCME Calmar Ratio Rank: 46
WCME Martin Ratio Rank: 46

DVYE

DVYE Risk / Return Rank: 57
DVYE Sharpe Ratio Rank: 53
DVYE Sortino Ratio Rank: 50
DVYE Omega Ratio Rank: 50
DVYE Calmar Ratio Rank: 74
DVYE Martin Ratio Rank: 59

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.

WCME vs. DVYE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust WCM Developing World Equity ETF (WCME) and iShares Emerging Markets Dividend ETF (DVYE). 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.

	WCME	DVYE	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.75	-0.19
Sortino ratio: Return per unit of downside risk	2.10	2.38	-0.28
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio: Return relative to maximum drawdown	2.20	3.64	-1.45
Martin ratio: Return relative to average drawdown	7.51	10.11	-2.60

WCME vs. DVYE - Sharpe Ratio Comparison

The current WCME Sharpe Ratio is 1.56, which is comparable to the DVYE Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of WCME and DVYE, 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

WCME vs. DVYE - Drawdown Comparison

The maximum WCME drawdown since its inception was -15.64%, smaller than the maximum DVYE drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for WCME and DVYE.

Drawdown Indicators

	WCME	DVYE	Difference
Max Drawdown Largest peak-to-trough decline	-15.64%	-47.42%	+31.78%
Max Drawdown (1Y) Largest decline over 1 year	-15.64%	-7.10%	-8.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.89%	—
Current Drawdown Current decline from peak	-0.09%	-5.36%	+5.27%
Average Drawdown Average peak-to-trough decline	-3.70%	-15.34%	+11.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	2.55%	+2.02%

Volatility

WCME vs. DVYE - Volatility Comparison

First Trust WCM Developing World Equity ETF (WCME) has a higher volatility of 10.59% compared to iShares Emerging Markets Dividend ETF (DVYE) at 5.25%. This indicates that WCME's price experiences larger fluctuations and is considered to be riskier than DVYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCME	DVYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	5.25%	+5.34%
Volatility (6M) Calculated over the trailing 6-month period	19.34%	12.16%	+7.18%
Volatility (1Y) Calculated over the trailing 1-year period	22.05%	14.80%	+7.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	17.07%	+3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	18.39%	+2.29%

WCME vs. DVYE - Expense Ratio Comparison

WCME has a 0.95% expense ratio, which is higher than DVYE's 0.49% expense ratio.

Dividends

WCME vs. DVYE - Dividend Comparison

WCME's dividend yield for the trailing twelve months is around 0.58%, less than DVYE's 4.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVYE iShares Emerging Markets Dividend ETF	4.95%	5.88%	11.81%	9.05%	9.89%	7.31%	5.27%	5.97%	5.69%	4.81%	4.56%	6.53%
WCME First Trust WCM Developing World Equity ETF	0.58%	0.68%	0.53%	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 WCME and DVYE in my portfolio?

WCME and DVYE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCME or DVYE?

WCME has higher volatility (10.59%) compared to DVYE (5.25%). In terms of maximum drawdown, WCME dropped -15.64% vs DVYE's -47.42%.

Which ETF is better, WCME or DVYE?

On 1-year performance, WCME leads with 34.19% vs 25.76% for DVYE. On fees, DVYE is cheaper at 0.49% per year. On volatility, DVYE has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCME or DVYE?

Over the 1-year period, WCME has performed better with a 34.19% return vs 25.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCME or DVYE?

DVYE is cheaper with a 0.49% expense ratio, compared with 0.95% for WCME.

Which ETF pays a higher dividend yield, WCME or DVYE?

DVYE has the higher dividend yield at 4.95%, compared with 0.58% for WCME.

What is the main difference between WCME and DVYE?

WCME tracks Actively Managed, while DVYE tracks Dow Jones Emerging Markets Select Dividend Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.95% for WCME and 0.49% for DVYE.

Which has better risk-adjusted returns?

DVYE currently has the higher Sharpe Ratio (1.75 vs 1.56), 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.