XLI vs. DGS
XLI (Industrial Select Sector SPDR Fund) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - XLI is a Industrials Equities fund tracking the Industrial Select Sector 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, XLI returned 14.15%/yr vs 10.14%/yr for DGS. A 0.65 correlation means they provide meaningful diversification when combined. XLI charges 0.08%/yr vs 0.58%/yr for DGS.
Performance
XLI vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, XLI achieves a 13.90% return, which is significantly lower than DGS's 14.94% return. Over the past 10 years, XLI has outperformed DGS with an annualized return of 14.15%, while DGS has yielded a comparatively lower 10.14% annualized return.
XLI
- 1D
- 0.59%
- 1M
- 0.96%
- YTD
- 13.90%
- 6M
- 13.10%
- 1Y
- 25.17%
- 3Y*
- 20.87%
- 5Y*
- 12.93%
- 10Y*
- 14.15%
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%
XLI vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLI Industrial Select Sector SPDR Fund | 13.90% | 19.35% | 17.31% | 18.13% | -5.57% | 21.08% | 10.91% | 29.08% | -13.25% | 23.98% |
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 XLI and DGS is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2007 | 0.65 |
The correlation between XLI and DGS shifts across timeframes, from 0.53 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLI vs. DGS — Risk / Return Rank
XLI
DGS
XLI vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) 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.
| XLI | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.38 | -0.39 |
| Martin ratioReturn relative to average drawdown | 7.82 | 7.84 | -0.02 |
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Drawdowns
XLI vs. DGS - Drawdown Comparison
The maximum XLI drawdown since its inception was -62.26%, roughly equal to the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for XLI and DGS.
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Drawdown Indicators
| XLI | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.26% | -61.83% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -10.06% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -19.31% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -24.86% | +3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -42.33% | -44.08% | +1.75% |
Current DrawdownCurrent decline from peak | -1.24% | -1.05% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -12.57% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 3.05% | +0.04% |
Volatility
XLI vs. DGS - Volatility Comparison
The current volatility for Industrial Select Sector SPDR Fund (XLI) is 6.22%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 7.30%. This indicates that XLI 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
| XLI | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 7.30% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.59% | 14.27% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 16.60% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 15.08% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 17.39% | +2.65% |
XLI vs. DGS - Expense Ratio Comparison
XLI has a 0.08% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
XLI vs. DGS - Dividend Comparison
XLI's dividend yield for the trailing twelve months is around 1.16%, less 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% |
XLI Industrial Select Sector SPDR Fund | 1.16% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
XLI and DGS have a correlation of 0.54, 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 XLI (6.22%). In terms of maximum drawdown, XLI dropped -62.26% vs DGS's -61.83%.
On 10-year performance, XLI leads with 14.15% vs 10.14% for DGS. On fees, XLI is cheaper at 0.08% per year. On volatility, XLI has been the lower-risk option at 6.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLI has performed better with a 14.15% return vs 10.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLI is cheaper with a 0.08% expense ratio, compared with 0.58% for DGS.
DGS has the higher dividend yield at 3.20%, compared with 1.16% for XLI.
XLI is categorized as Industrials Equities, while DGS is Emerging Markets Diversified. XLI tracks Industrial Select Sector Index, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.08% for XLI and 0.58% for DGS.
XLI currently has the higher Sharpe Ratio (1.50 vs 1.44), 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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