DGS vs DVYE: Grades, Fees and Holdings Compared

WisdomTree Emerging Markets SmallCap Dividend Fund

DGSBNYSE Arca

iShares Emerging Markets Dividend ETF

DVYEANYSE Arca

Overlap

3.8%by weight

Expense ratio

DVYE −0.09pt a year

DGS0.58%DVYE0.49%

Avg volume · 30D

DVYE 3.3×the volume

DGS43.3KDVYE141K

10Y return · a year

DGS +1.4pt

DGS+7.8%DVYE+6.4%

DGS vs DVYE Performance

Oct 29, 2021 – Oct 30, 2026

+37.8%DGS+29.9%DVYE

Expense ratio: DGS 0.58%; DVYE 0.49%, better
Fund size: DGS $1.59B; DVYE $1.14B
1Y total return: DGS +7.3%; DVYE +15.6%, better
Yield (12M): DGS 4.06%; DVYE 5.22%, better
Holdings: DGS 1121; DVYE 128
Avg volume (30D): DGS 43.3K sh; DVYE 141K sh, better
NAV per share: DGS $58.94; DVYE $33.36
52W range

ETF.net Grade

Pillar letters and Scores for DGS, DVYE, with each pillar’s weight
Pillar	DGS	DVYE
Cost30% weight	C51	B66Higher
Mission25% weight	A98Higher	A83
Risk15% weight	D37	B64Higher
Tradability15% weight	C44	A75Higher
Holdings10% weight	A88Higher	C54
Durability5% weight	B65	A76Higher

Rank among Emerging Markets Dividend Index funds

How we build Categories ›

Same Category. DGS and DVYE 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 ›

DVYE ranks 1st 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 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

DVYEAiShares Emerging Markets Dividend 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.

DVYE Running since 2012, it ranks emerging-market stocks by indicated dividend yield and holds the top 100. That yield-first screen pulls the portfolio toward the value corners of EM rather than the mega-cap tech names, at 0.49% a year.

Stated mandate

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

DVYE The Fund seeks to track an index of relatively high dividend-paying equities in emerging markets, providing exposure to dividend-focused emerging-market stocks.

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.

DVYE The index ranks EM stocks by indicated annual dividend yield and takes the top 100, with buffer rules that hold existing names in place instead of churning the roster each rebalance.ishares.com spglobal.com
0.49% with no waiver propping up the number, below the median fee in its category. Same sticker as EDIV at 0.49%.
Listed since 2012 and now a billion-dollar-plus fund that tracks its index closely, one of the stronger implementations among EM dividend ETFs.
Holds the stocks directly rather than using swaps, and sends income out to shareholders quarterly.ishares.com

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.

DVYE Sorting by yield steers the book toward payers like financials and energy. Screening, buffering and weighting constraints trim the extremes, they do not erase the tilt.ishares.com spglobal.com
About 100 stocks means one country or sector can move results more than in a broad cap-weighted EM fund, and payouts move with what those companies declare.
Cheaper shelf-mates exist: DIEM charges 0.19% for a core dividend-tilt build, a gentler screen than the yield-ranked approach here.

Full DGS profile⁠

Full DVYE profile⁠

DGS vs DVYE Holdings

How DGS and DVYE differ

Overlap by weight

3.8%

Shared holdings make up 12.0% of DVYE and 3.9% of DGS.

Level by level

Holdings17 in both3.8%
Countryby domicile52.9%
Asset classEquity100%

Sector

No Sector split for DGS.

Country, concentration and asset class

Country by domicile

Country weights in DGS and DVYE, widest gap first
Country	More in DGSMore in DVYE	DGS	DVYE
Brazil	DVYE +18.2 points	3.7%	21.9%
China	DVYE +14.0 points	10.9%	24.9%
South Korea	DGS +11.7 points	11.7%	0.0%
India	DGS +8.4 points	10.0%	1.6%
South Africa	DGS +8.2 points	13.0%	4.8%
Taiwan	DGS +7.1 points	24.6%	17.5%
Indonesia	DVYE +5.9 points	2.9%	8.8%
Malaysia	DGS +4.3 points	5.5%	1.2%
Other countries (10)	DVYE +1.6 points	17.7%	19.3%

Outside the US: DGS 0% developed, 100% emerging. DVYE 3% developed, 97% emerging.

Concentration

Weight in the 10 largest Holdings

DGS8.7%
DVYE30.0%

Securities held

DGS1,105
DVYE105

Asset class

DGS: Equity
DVYE: Equity

Holdings

Only in DGS1,088
In both17
Only in DVYE88

Only in DGS

1,088 securities, 97.9% of DGS by weight

Sar1.59%
Growthpoint Properties Ltd1.22%
Old Mutual Ltd1.00%
Highwealth Construction Corp0.76%
Grupo Aeroportuario del Centro0.76%
Redefine Properties Ltd0.73%
Samsung Securities Co Ltd0.71%
Momentum Metropolitan Hldgs0.62%
AMMB Holdings Bhd0.60%
Tiger Brands Ltd0.58%
Moneta Money Bank AS0.53%
Alior Bank SA0.51%
Budimex0.51%
Investec Ltd0.50%
LG Uplus Corp0.48%
Bidvest Group Ltd0.47%
Asseco Poland SA0.46%
Masraf Al Rayan0.45%
Topco Scientific Co Ltd0.43%
AVI Ltd0.43%
Jeonbuk Bank0.43%
Orange Polska SA0.43%
Westports Holdings Bhd0.43%
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%
Qatar International Islamic Ba0.39%
National Aluminium Co Ltd0.39%
Mr Price Group Ltd0.39%
BS Financial Group Inc0.39%
Yanbu National Petrochemical Co0.36%
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%

Only in DVYE

88 securities, 87.2% of DVYE by weight

Petroleo Brasileiro Pref SA4.60%
Evergreen Marine Corp (Taiwan) Ltd4.15%
China Construction Bank Corp H3.60%
Industrial and Commercial Bank of2.70%
Bank of China Ltd H2.68%
Novatek Microelectronics2.63%
Gpo Finance Banorte2.56%
Cia Vale Do Rio Doce Sh2.52%
Orlen2.30%
Cosco Shipping Holdings Ltd H2.30%
Sitc International Holdings Ltd2.16%
Ecopetrol SA2.11%
Yang Ming Marine Transport2.04%
Itausa Investimentos Itau Pref SA2.02%
Cia Energetica De Minas Gerais Pre1.79%
China Shenhua Energy Ltd H1.77%
Bank Pekao SA1.73%
Agricultural Bank of China H1.58%
Bb Seguridade SA1.55%
Coal India1.53%
Bank Rakyat Indonesia (Persero)1.43%
Orient Overseas (International) Lt1.40%
China Petroleum and Chemical H1.32%
Grupo Cibest Pref SA1.26%
Bank Mandiri (Persero)1.21%
Exxaro Resources1.20%
Malayan Banking1.19%
Alamtri Resources Indonesia1.18%
Cez1.15%
Astra International1.09%
China Citic Bank Corp Ltd H1.02%
Jbs NV Bdr1.02%
Ternium Adr Each Representing Ten1.01%
Simplo Technology0.89%
Chicony Electronics Ltd0.89%
Autohome Ads Representing Inc Cla0.84%
Yankuang Energy Group Company H0.83%
Indo Tambangraya Megah0.77%
Komercni Bank0.77%
United Tractors0.72%
Bank Negara Indonesia0.68%
Truworths International0.68%
Fitipower Integrated Technology In0.67%
China Merchants Port Holdings Ltd0.67%
Bradespar Pref SA0.61%
Barwa Real Estate0.61%
Guangdong Investment Ltd0.61%
Marcopolo Pref0.58%
Db Islamic Bank0.55%
Onewo Inc H0.53%

Weight gaps

All 17 Holdings in both funds, largest gap first.

Holding weights in DGS and DVYE, widest gap first
Holding	More in DGSMore in DVYE	DGS	DVYE
Bukit Asam Tbk PT	DVYE +0.83 points	0.07%	0.90%
WPG Holdings Co Ltd	DVYE +0.82 points	0.43%	1.25%
Thaifoods Group PCL-Nvdr	DVYE +0.71 points	0.41%	1.12%
Everlight Electronics Co Ltd	DVYE +0.70 points	0.12%	0.82%
Wisdom Marine Lines Co Ltd	DVYE +0.67 points	0.18%	0.85%
Systex Corp	DVYE +0.57 points	0.10%	0.67%
Kindom Construction Co	DVYE +0.51 points	0.07%	0.58%
Sitronix Technology Corp	DVYE +0.51 points	0.19%	0.70%
Banco Del Bajio Sa	DVYE +0.44 points	0.37%	0.81%
Grupa Kety SA	DVYE +0.43 points	0.42%	0.85%
Transmissora Alianca de Energia Eletrica SA	DVYE +0.42 points	0.30%	0.72%
Supreme Electronics Co Ltd	DVYE +0.39 points	0.15%	0.54%
X-Trade Brokers Dom Maklersk	DVYE +0.34 points	0.29%	0.63%
Cury Construtora E Inc	DVYE +0.32 points	0.18%	0.50%
Grendene SA	DVYE +0.30 points	0.03%	0.33%
Surya Citra Media Tbk PT	DVYE +0.18 points	0.03%	0.21%
Tisco Financial Group PCL - NVDR	DGS +0.07 points	0.55%	0.48%

All 1,097 DGS holdings⁠All 105 DVYE 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 DVYE Cost

Overpaying DGS vs DVYE

$1,661

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

DGS 0.58%
$11,453
DVYE 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

DGS 0.58%
DVYE 0.49%
Overpaying

Year by year

Year	DGS	DVYE	Overpaying
10	$1,041	$883	$158
20	$3,986	$3,394	$592
30	$11,453	$9,792	$1,661

Expense ratio

0.58%DGS
0.49%DVYE, cheaper

DVYE0.49%DGS0.58%

0.19%0.66%

Middle half of Emerging Markets Dividend Index funds
Median 0.59%

DVYE 3rd cheapest of 10 funds

DGS 5th cheapest of 10 funds

DGS vs DVYE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGS 4.06%; DVYE 5.22%, better
Payout (12M): DGS $2.38; DVYE $1.74
Last payment: DGS $0.76; DVYE $0.65
Ex-dividend: DGS Sep 25, 2026; DVYE Sep 15, 2026
Paid on: DGS Sep 29, 2026; DVYE Sep 18, 2026
Frequency: DGS Quarterly; DVYE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGSQuarterly · 37 paymentsAll DGS payments⁠

DVYEQuarterly · 41 paymentsAll DVYE payments⁠

DGS vs DVYE Risk

Fall from peak · 5 years

DGS
DVYE

Risk facts

VolatilityStd dev, 3 years: DGS 13.4%DVYE 12.0%, better
Return per unit of riskSharpe ratio, 3 years: DGS 0.71DVYE 1.34, better
Worst fallMax drawdown, 5 years: DGS −24.6%, betterDVYE −40.8%
Market sensitivityBeta, 5 years: DGS 0.92DVYE 0.49; Market = 1

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