XC vs. DGS
XC (WisdomTree Emerging Markets ex-China Fund) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both Emerging Markets Diversified funds from WisdomTree - XC tracks the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net while DGS tracks the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 3 years, XC returned 9.87%/yr vs 16.17%/yr for DGS. Their correlation of 0.84 suggests significant overlap in exposure. XC charges 0.32%/yr vs 0.58%/yr for DGS.
Performance
XC vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, XC achieves a -3.47% return, which is significantly lower than DGS's 14.53% return.
XC
- 1D
- -1.53%
- 1M
- -1.76%
- YTD
- -3.47%
- 6M
- -2.10%
- 1Y
- 8.33%
- 3Y*
- 9.87%
- 5Y*
- —
- 10Y*
- —
DGS
- 1D
- -1.37%
- 1M
- 2.58%
- YTD
- 14.53%
- 6M
- 15.57%
- 1Y
- 27.26%
- 3Y*
- 16.17%
- 5Y*
- 7.85%
- 10Y*
- 9.93%
XC vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XC WisdomTree Emerging Markets ex-China Fund | -3.47% | 18.19% | 5.49% | 21.31% | 1.49% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 14.53% | 21.18% | 1.13% | 19.08% | 3.92% |
Correlation
The correlation between XC and DGS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2022 | 0.84 |
The correlation between XC and DGS has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
XC vs. DGS — Risk / Return Rank
XC
DGS
XC vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-China Fund (XC) 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.
| XC | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.32 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 2.72 | -2.05 |
| Martin ratioReturn relative to average drawdown | 1.94 | 9.16 | -7.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XC | DGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.76 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.23 | +0.48 |
Drawdowns
XC vs. DGS - Drawdown Comparison
The maximum XC drawdown since its inception was -20.97%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for XC and DGS.
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Drawdown Indicators
| XC | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.97% | -61.83% | +40.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -10.06% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.97% | -19.31% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.86% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.08% | — |
Current DrawdownCurrent decline from peak | -9.35% | -1.40% | -7.95% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -12.59% | +8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.98% | +1.31% |
Volatility
XC vs. DGS - Volatility Comparison
WisdomTree Emerging Markets ex-China Fund (XC) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) have volatilities of 5.00% and 5.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XC | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 5.24% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 13.03% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.78% | 15.56% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 14.87% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 17.32% | -1.45% |
XC vs. DGS - Expense Ratio Comparison
XC has a 0.32% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
XC vs. DGS - Dividend Comparison
XC's dividend yield for the trailing twelve months is around 12.41%, more than DGS's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.21% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
XC WisdomTree Emerging Markets ex-China Fund | 12.41% | 11.74% | 1.49% | 1.42% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XC and DGS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGS has higher volatility (5.24%) compared to XC (5.00%). In terms of maximum drawdown, XC dropped -20.97% vs DGS's -61.83%.
On 3-year performance, DGS leads with 16.17% vs 9.87% for XC. On fees, XC is cheaper at 0.32% per year. On volatility, XC has been the lower-risk option at 5.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DGS has performed better with a 16.17% return vs 9.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XC is cheaper with a 0.32% expense ratio, compared with 0.58% for DGS.
XC has the higher dividend yield at 12.41%, compared with 3.21% for DGS.
XC tracks WisdomTree Emerging Markets ex-China Index - Benchmark TR Net, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. Their fees differ too: 0.32% for XC and 0.58% for DGS.
DGS currently has the higher Sharpe Ratio (1.76 vs 0.57), 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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