XCNY vs. DGS
Compare and contrast key facts about SPDR S&P Emerging Markets ex-China ETF (XCNY) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS).
XCNY and DGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCNY is a passively managed fund by State Street that tracks the performance of the S&P Emerging ex-China BMI. It was launched on Sep 4, 2024. DGS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets SmallCap Dividend Index. It was launched on Oct 30, 2007. Both XCNY and DGS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XCNY vs. DGS - Performance Comparison
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XCNY vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XCNY SPDR S&P Emerging Markets ex-China ETF | 2.91% | 20.42% | -3.51% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 5.57% | 21.18% | -4.34% |
Returns By Period
In the year-to-date period, XCNY achieves a 2.91% return, which is significantly lower than DGS's 5.57% return.
XCNY
- 1D
- 0.45%
- 1M
- -5.62%
- YTD
- 2.91%
- 6M
- 7.19%
- 1Y
- 27.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DGS
- 1D
- 0.22%
- 1M
- -5.39%
- YTD
- 5.57%
- 6M
- 6.72%
- 1Y
- 28.44%
- 3Y*
- 13.87%
- 5Y*
- 7.54%
- 10Y*
- 8.96%
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XCNY vs. DGS - Expense Ratio Comparison
XCNY has a 0.15% expense ratio, which is lower than DGS's 0.58% expense ratio.
Return for Risk
XCNY vs. DGS — Risk / Return Rank
XCNY
DGS
XCNY vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets ex-China ETF (XCNY) 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.
| XCNY | DGS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.73 | -0.26 |
Sortino ratioReturn per unit of downside risk | 2.12 | 2.32 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.67 | -0.35 |
Martin ratioReturn relative to average drawdown | 8.97 | 9.78 | -0.81 |
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
| XCNY | DGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.73 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.21 | +0.50 |
Correlation
The correlation between XCNY and DGS is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XCNY vs. DGS - Dividend Comparison
XCNY's dividend yield for the trailing twelve months is around 2.61%, less than DGS's 3.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCNY SPDR S&P Emerging Markets ex-China ETF | 2.61% | 2.68% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.48% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
Drawdowns
XCNY vs. DGS - Drawdown Comparison
The maximum XCNY drawdown since its inception was -19.70%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for XCNY and DGS.
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Drawdown Indicators
| XCNY | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -61.83% | +42.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -10.99% | -0.87% |
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 | -8.34% | -7.42% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -12.68% | +8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 3.00% | +0.07% |
Volatility
XCNY vs. DGS - Volatility Comparison
SPDR S&P Emerging Markets ex-China ETF (XCNY) has a higher volatility of 8.18% compared to WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) at 7.60%. This indicates that XCNY'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.
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Volatility by Period
| XCNY | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 7.60% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.38% | 11.46% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.81% | 16.57% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 14.66% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 17.25% | -0.13% |