DGS vs DIEM: Grades, Fees and Holdings Compared

WisdomTree Emerging Markets SmallCap Dividend Fund

DGSBNYSE Arca

Franklin Emerging Market Core Dividend Tilt Index ETF

DIEMBNYSE Arca

Overlap

2.0%by weight

Expense ratio

DIEM −0.39pt a year

DGS0.58%DIEM0.19%

Avg volume · 30D

DGS 1.8×the volume

DGS43.3KDIEM23.8K

10Y return · a year

DIEM +0.1pt

DGS+7.8%DIEM+7.9%

DGS vs DIEM Performance

Oct 29, 2021 – Oct 30, 2026

+37.8%DGS+64.1%DIEM

Expense ratio: DGS 0.58%; DIEM 0.19%, better
Fund size: DGS $1.59B; DIEM $92M
1Y total return: DGS +7.3%; DIEM +21.8%, better
Yield (12M): DGS 4.06%, better; DIEM 2.87%
Holdings: DGS 1121; DIEM 552
Avg volume (30D): DGS 43.3K sh, better; DIEM 23.8K sh
NAV per share: DGS $58.94; DIEM $39.82
52W range

ETF.net Grade

Pillar letters and Scores for DGS, DIEM, with each pillar’s weight
Pillar	DGS	DIEM
Cost30% weight	C51	A93Higher
Mission25% weight	A98Higher	A76
Risk15% weight	D37	C40Higher
Tradability15% weight	C44	C47Higher
Holdings10% weight	A88Higher	C43
Durability5% weight	B65Higher	C53

Rank among Emerging Markets Dividend Index funds

How we build Categories ›

Same Category. DGS and DIEM are both graded against the same 10 Emerging Markets Dividend Index funds, so their Grades compare head to head.

Emerging Markets Dividend Index⁠

Category · 10 funds

See all 10 ›

DIEM ranks 3rd and DGS 4th of 10 funds in the Emerging Markets Dividend Index Category.

Rank 1ADVYEiShares Emerging Markets Dividend ETFScore 70
Rank 1AEDIVState Street SPDR S&P Emerging Markets Dividend ETFScore 70
Rank 3BDIEMFranklin Emerging Market Core Dividend Tilt Index ETFScore 66
Rank 4BDEMWisdomTree Emerging Markets High Dividend FundScore 64
Rank 4BDGSWisdomTree Emerging Markets SmallCap Dividend FundScore 64
Rank 6CDGREWisdomTree Emerging Markets Quality Dividend Growth FundScore 48

Our read on each fund

ETF.net Research

DGSBWisdomTree Emerging Markets SmallCap Dividend Fund

DIEMBFranklin Emerging Market Core Dividend Tilt Index ETF

In short

DGS Most emerging-market dividend funds crowd into the giants. DGS goes the other way: roughly 1,100 dividend-paying small caps across the developing world, a corner it has worked since 2007.

DIEM Most emerging-market dividend funds hunt the fattest yields. DIEM starts from a broad EM benchmark and leans toward payers instead, keeping the market's shape intact, for a fraction of what its dividend-focused rivals charge.

Stated mandate

DGS The Fund seeks to track the investment results of dividend-paying small-cap companies in the emerging markets region.

DIEM The Fund seeks to track, before fees and expenses, the Morningstar Emerging Markets Dividend Enhanced Select Index.

Why people hold it

DGS The down-cap tilt is the whole point. It screens for dividend payers among emerging-market small caps, a slice the large-cap EM dividend funds mostly skip.
Roughly 1,100 holdings spread the single-stock risk that usually comes with small caps, and payouts land quarterly.
Fee runs a shade under the typical emerging-market dividend fund at 0.58%, on a multi-billion-dollar fund that has been trading since 2007.
Sticks tight to its stated index, one of the cleaner implementations in its emerging-market dividend peer group.

DIEM At 0.19% a year it's the cheapest fund in its emerging-market dividend cohort, roughly a third of the group's median fee.
Tilt, not lurch: the index takes a broad emerging-market parent benchmark and optimizes for higher dividend yield while limiting expected tracking error back to it.yahoo.com franklintempleton.com
Roughly 200 holdings spread across emerging markets, with income paid quarterly.

Worth knowing

DGS Emerging-market small caps are a bumpy ride: local currency moves and single-country shocks hit harder here than in a large-cap EM fund.
It trades thin next to headline EM funds, so spreads are part of the cost. Limit orders and calm market hours matter more than usual.
0.58% is not cheap in absolute terms. Broad EM dividend exposure is available for less, such as DIEM at 0.19%, though without the small-cap focus.

DIEM Thinly traded next to the category's household names, so spreads can run wider and larger orders need more care.
It launched in 2016 under a different name and mandate; the dividend-tilt index arrived in 2022, so the earliest track record reflects a different strategy.cbonds.com
The income lean is bounded by design. Staying close to the parent index means less yield punch than funds that screen only for the highest payers.yahoo.com

Full DGS profile⁠

Full DIEM profile⁠

DGS vs DIEM Holdings

How DGS and DIEM differ

Overlap by weight

2.0%

Shared holdings make up 10.3% of DGS and 2.0% of DIEM.

Level by level

Holdings46 in both2.0%
Countryby domicile74.0%
Asset classEquity100%

Sector

No Sector split for DGS.

Country, concentration and asset class

Country by domicile

Country weights in DGS and DIEM, widest gap first
Country	More in DGSMore in DIEM	DGS	DIEM
China	DIEM +9.9 points	10.9%	20.8%
South Africa	DGS +7.8 points	13.0%	5.2%
Taiwan	DIEM +6.2 points	24.6%	30.8%
South Korea	DIEM +5.4 points	11.7%	17.1%
Thailand	DGS +4.9 points	6.6%	1.7%
Poland	DGS +3.7 points	3.7%	0.0%
Malaysia	DGS +2.7 points	5.5%	2.8%
Brazil	DIEM +2.3 points	3.7%	6.0%
Other countries (13)	DGS +4.6 points	20.2%	15.6%

Outside the US: DGS 0% developed, 100% emerging. DIEM 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

DGS8.7%
DIEM33.0%

Securities held

DGS1,105
DIEM549

Asset class

DGS: Equity
DIEM: Equity

Holdings

Only in DGS1,059
In both46
Only in DIEM503

Only in DGS

1,059 securities, 91.5% of DGS by weight

Sar1.59%
Growthpoint Properties Ltd1.22%
Highwealth Construction Corp0.76%
Grupo Aeroportuario del Centro0.76%
Redefine Properties Ltd0.73%
Momentum Metropolitan Hldgs0.62%
Tiger Brands Ltd0.58%
Tisco Financial Group PCL - NVDR0.55%
Moneta Money Bank AS0.53%
Alior Bank SA0.51%
Budimex0.51%
Investec Ltd0.50%
LG Uplus Corp0.48%
Asseco Poland SA0.46%
Topco Scientific Co Ltd0.43%
AVI Ltd0.43%
Jeonbuk Bank0.43%
WPG Holdings Co Ltd0.43%
Orange Polska SA0.43%
Grupa Kety SA0.42%
Thaifoods Group PCL-Nvdr0.41%
Banco Itau Chile Sa0.41%
TA Chen Stainless Pipe0.41%
Qualitas Controladora SAB de CV0.41%
Synnex Technology International Corp0.40%
Sime Darby Bhd0.39%
Mr Price Group Ltd0.39%
BS Financial Group Inc0.39%
Banco Del Bajio Sa0.37%
Kimberly-Clark de Mexico SAB d0.36%
Bank of Suzhou Co Ltd CNY 1.00.36%
Transcend Information Inc0.36%
Korean Reinsurance Co0.36%
Kuwaiti Dinar0.35%
L&K Engineering Co Ltd0.35%
Lojas Renner SA0.35%
Cia de Saneamento de Minas Ger0.35%
Adaro Andalan Indonesia Pt0.35%
Yankey Engineering Co Ltd0.35%
Kiatnakin Bank PCL - NVDR0.34%
Qilu Bank Co Ltd-A0.33%
Thai Oil PCL - NVDR0.33%
Metropolitan Bank & Trust0.33%
Compartamos SAB de CV0.32%
TIME dotCom Bhd0.32%
Far Eastern New Century Corp0.32%
CIA de Saneamento Do Pa-Unit0.31%
Micro-Star International Co Ltd0.31%
Hyundai Elevator Co Ltd0.31%
Great Eastern Shipping Co Ltd/0.31%

Only in DIEM

503 securities, 97.9% of DIEM by weight

Taiwan Semiconductor Manu13.83%
Samsung Electronics Co Lt6.04%
Sk Hynix Inc4.65%
Mediatek Inc1.49%
Tencent Holdings Ltd1.46%
Alibaba Group Holding Ltd1.40%
Hon Hai Precision Industr1.21%
Infosys Ltd1.04%
Ctbc Financial Holding Co0.97%
Saudi Arabian Oil Co0.90%
Samsung Electronics-Pref0.79%
Itau Unibanco Holding S-P0.79%
Grupo Financiero Banorte-0.77%
Petrochina Co Ltd-H0.76%
Firstrand Ltd0.76%
Ping An Insurance Group C0.75%
Vale SA0.75%
The Saudi National Bank0.71%
Tata Consultancy Svcs Ltd0.70%
Quanta Computer Inc0.69%
Petrobras - Petroleo Bras0.68%
National Bank of Kuwait0.64%
Petrobras - Petroleo Bras0.58%
Standard Bank Group Ltd0.58%
First Abu Dhabi Bank Pjsc0.58%
Hdfc Bank Limited0.56%
Bank of China Ltd-H0.55%
Credicorp Ltd0.54%
Saudi Telecom Co0.54%
Gold Fields Ltd0.53%
Jd.com Inc-Class A0.52%
Emirates Telecom Group Co0.51%
Asustek Computer Inc0.51%
Qatar National Bank0.50%
Emirates Nbd Pjsc0.50%
Kweichow Moutai Co Ltd-A0.48%
Emaar Properties Pjsc0.48%
Malayan Banking Bhd0.47%
China Merchants Bank-H0.46%
Public Bank Berhad0.46%
Samsung Electro-Mechanics0.45%
Kia Corp0.45%
Cathay Financial Holding0.45%
United Microelectronics C0.45%
Delta Electronics Inc0.44%
Sk Square Co Ltd0.44%
Netease Inc0.44%
Valterra Platinum Limited0.43%
Ase Technology Holding Co0.42%
Hcl Technologies Ltd0.42%

Weight gaps

All 46 Holdings in both funds, largest gap first.

Holding weights in DGS and DIEM, widest gap first
Holding	More in DGSMore in DIEM	DGS	DIEM
Old Mutual Ltd	DGS +0.91 points	1.00%	0.09%
Samsung Securities Co Ltd	DGS +0.61 points	0.71%	0.10%
AMMB Holdings Bhd	DGS +0.48 points	0.60%	0.12%
Westports Holdings Bhd	DGS +0.38 points	0.43%	0.05%
Masraf Al Rayan	DGS +0.37 points	0.45%	0.08%
Bidvest Group Ltd	DGS +0.35 points	0.47%	0.12%
National Aluminium Co Ltd	DGS +0.31 points	0.39%	0.08%
Yanbu National Petrochemical Co	DGS +0.31 points	0.36%	0.05%
Qatar International Islamic Ba	DGS +0.30 points	0.39%	0.09%
Zhejiang Longsheng Group Co Ltd	DGS +0.30 points	0.31%	0.01%
Bank Of Changsha Co Ltd-A	DGS +0.29 points	0.30%	0.01%
Saudi Investment Bank/The	DGS +0.21 points	0.27%	0.06%
Aneka Tambang Tbk PT	DGS +0.21 points	0.24%	0.03%
Qatar Electricity & Water Co	DGS +0.20 points	0.25%	0.05%
Clicks Group Ltd	DGS +0.19 points	0.27%	0.08%
Petronas Dagangan BHD	DGS +0.17 points	0.22%	0.05%
Uni-President China Holdings Ltd	DGS +0.17 points	0.20%	0.03%
Bank Al-Jazira	DGS +0.16 points	0.21%	0.05%
Charoen Pokphand Indonesia PT	DGS +0.15 points	0.18%	0.03%
Nahdi Medical Co	DGS +0.14 points	0.17%	0.03%
Indofood Sukses Makmur Tbk PT	DGS +0.14 points	0.18%	0.04%
Hisense Home Appliances Grp Ltd	DGS +0.14 points	0.15%	0.01%
Inner Mongolia MengDian HuaNen	DGS +0.14 points	0.15%	0.01%
Shenergy Co Ltd	DGS +0.14 points	0.15%	0.01%
Hengdian Group Dmegc -A	DGS +0.12 points	0.13%	<0.01%
Indosat Tbk PT	DGS +0.12 points	0.13%	0.01%
Mphasis Ltd	DGS +0.12 points	0.21%	0.09%
Yadea Group Holdings Ltd	DGS +0.11 points	0.15%	0.04%
Sal Saudi Logistics Services	DGS +0.12 points	0.15%	0.03%
Petronet LNG Ltd	DGS +0.11 points	0.17%	0.06%
Chuangxin Industries Holding	DGS +0.11 points	0.13%	0.02%
Dukhan Bank	DGS +0.11 points	0.16%	0.05%
Haitian International Holdings Ltd.	DGS +0.10 points	0.16%	0.06%
China Medical System Holdings	DGS +0.08 points	0.13%	0.05%
MR DIY Group M Bhd	DGS +0.08 points	0.11%	0.03%
Tofas Turk Otomobil Fabrikasi	DGS +0.07 points	0.08%	0.01%
Mobile Telecommunications Co	DGS +0.05 points	0.17%	0.12%
China Resources Sanjiu Med-A	DGS +0.05 points	0.07%	0.02%
Hisense Electric Co Ltd	DGS +0.05 points	0.06%	0.01%
Container Corp Of India	DGS +0.03 points	0.07%	0.04%
Neway Valve Suzhou Co Ltd-A	DGS +0.03 points	0.04%	0.01%
Shanghai Bochu Electronic-A	DGS +0.03 points	0.04%	0.01%
Beijing Jingneng Power Co -A	DGS +0.01 points	0.02%	<0.01%
Shaanxi Energy Investment -A	DGS +0.01 points	0.02%	0.01%
Sinotrans Ltd	Same weight	0.01%	<0.01%
Jiangsu King's Luck Brewer-A	Same weight	0.01%	0.01%

All 1,097 DGS holdings⁠All DIEM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DGS vs DIEM Cost

Overpaying DGS vs DIEM

$7,501

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DGS 0.58%
$11,453
DIEM 0.19%
$3,952

Amount$10,000

Years30 years

Cost over time

DGS 0.58%
DIEM 0.19%
Overpaying

Year by year

Year	DGS	DIEM	Overpaying
10	$1,041	$347	$694
20	$3,986	$1,351	$2,635
30	$11,453	$3,952	$7,501

Expense ratio

0.58%DGS
0.19%DIEM, cheaper

DIEM0.19%DGS0.58%

0.19%0.66%

Middle half of Emerging Markets Dividend Index funds
Median 0.59%

DIEM cheapest of 10 funds

DGS 5th cheapest of 10 funds

DGS vs DIEM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGS 4.06%, better; DIEM 2.87%
Payout (12M): DGS $2.38; DIEM $1.13
Last payment: DGS $0.76; DIEM $0.23
Ex-dividend: DGS Sep 25, 2026; DIEM Sep 18, 2026
Paid on: DGS Sep 29, 2026; DIEM Sep 25, 2026
Frequency: DGS Quarterly; DIEM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGSQuarterly · 37 paymentsAll DGS payments⁠

DIEMQuarterly · 29 paymentsAll DIEM payments⁠

DGS vs DIEM Risk

Fall from peak · 5 years

DGS
DIEM

Risk facts

VolatilityStd dev, 3 years: DGS 13.4%, betterDIEM 15.0%
Return per unit of riskSharpe ratio, 3 years: DGS 0.71DIEM 1.31, better
Worst fallMax drawdown, 5 years: DGS −24.6%, betterDIEM −33.3%
Market sensitivityBeta, 5 years: DGS 0.92DIEM 1.04; Market = 1

DGS and DIEM in the news

All news⁠

ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026DIEM

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DGS vs DIEM

In short

Stated mandate

Why people hold it

Worth knowing

How DGS and DIEM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DGS

Only in DIEM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Franklin Templeton files two enhanced ETFs to absorb its international core funds

How DGS and DIEM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DGS

Only in DIEM

Weight gaps