DGS vs EDIV: Grades, Fees and Holdings Compared

WisdomTree Emerging Markets SmallCap Dividend Fund

DGSBNYSE Arca

State Street SPDR S&P Emerging Markets Dividend ETF

EDIVANYSE Arca

Overlap

1.9%by weight

Expense ratio

EDIV −0.09pt a year

DGS0.58%EDIV0.49%

Avg volume · 30D

EDIV 2.3×the volume

DGS43.3KEDIV98K

10Y return · a year

EDIV +0.2pt

DGS+7.8%EDIV+8.0%

DGS vs EDIV Performance

Oct 29, 2021 – Oct 30, 2026

+37.8%DGS+70.9%EDIV

Expense ratio: DGS 0.58%; EDIV 0.49%, better
Fund size: DGS $1.59B; EDIV $1.17B
1Y total return: DGS +7.3%; EDIV +9.2%, better
Yield (12M): DGS 4.06%; EDIV 4.34%, better
Holdings: DGS 1121; EDIV 127
Avg volume (30D): DGS 43.3K sh; EDIV 98K sh, better
NAV per share: DGS $58.94; EDIV $40.47
52W range

ETF.net Grade

Pillar letters and Scores for DGS, EDIV, with each pillar’s weight
Pillar	DGS	EDIV
Cost30% weight	C51	B66Higher
Mission25% weight	A98Higher	A82
Risk15% weight	D37	B63Higher
Tradability15% weight	C44	A71Higher
Holdings10% weight	A88Higher	A70
Durability5% weight	B65	A74Higher

Rank among Emerging Markets Dividend Index funds

How we build Categories ›

Same Category. DGS and EDIV 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 ›

EDIV 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 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

EDIVAState Street SPDR S&P 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.

EDIV Running since 2011, EDIV screens emerging-market dividend payers on risk-adjusted yield, dividend-growth stability and profitability, then applies diversification limits. Quality of the dividend over raw yield, for 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.

EDIV The fund seeks to track the total return of the S&P Emerging Markets Dividend Opportunities Index, which selects emerging-market stocks using risk-adjusted yield, dividend-growth stability, profitability, and diversification requirements.

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.

EDIV The index does real work: names qualify on risk-adjusted yield, dividend-growth stability and profitability, with diversification requirements, so one wobbly high-yielder cannot run the portfolio.ssga.com
At 0.49% a year, the fee sits below the median for emerging-market dividend screens, and the fund tracks its index closely enough to rank among the stronger implementations in that group.
A veteran, not an experiment: trading since 2011, a multi-billion-dollar fund from SPDR that distributes 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.

EDIV Plainer routes cost less. Franklin's DIEM runs a dividend-tilt index at 0.19%, so the extra fee here buys the selection screen, not broader coverage.
About 110 stocks, not the whole emerging market. Single-country politics and currency moves land harder than in a broad, thousand-name EM index fund.
Trading is moderate rather than heavy, so spreads can widen in fast markets. Emerging-market dividends are seasonal, so quarterly payments vary in size.

Full DGS profile⁠

Full EDIV profile⁠

DGS vs EDIV Holdings

How DGS and EDIV differ

Overlap by weight

1.9%

Shared holdings make up 6.9% of EDIV and 2.3% of DGS.

Level by level

Holdings12 in both1.9%
Countryby domicile73.2%
Asset classEquity100%

Sector

No Sector split for DGS.

Country, concentration and asset class

Country by domicile

Country weights in DGS and EDIV, widest gap first
Country	More in DGSMore in EDIV	DGS	EDIV
South Korea	DGS +11.7 points	11.7%	0.0%
Malaysia	EDIV +9.8 points	5.5%	15.3%
India	DGS +5.8 points	10.0%	4.2%
South Africa	EDIV +5.8 points	13.0%	18.8%
Taiwan	EDIV +5.2 points	24.6%	29.8%
Poland	DGS +3.1 points	3.7%	0.6%
Hong Kong	EDIV +2.9 points	0.1%	3.0%
Indonesia	DGS +2.3 points	2.9%	0.6%
Other countries (9)	DGS +0.7 points	28.5%	27.8%

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

Concentration

Weight in the 10 largest Holdings

DGS8.7%
EDIV22.4%

Securities held

DGS1,105
EDIV108

Asset class

DGS: Equity
EDIV: Equity

Holdings

Only in DGS1,093
In both12
Only in EDIV96

Only in DGS

1,093 securities, 99.5% 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%
Tisco Financial Group PCL - NVDR0.55%
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%
WPG Holdings Co Ltd0.43%
Orange Polska SA0.43%
Westports Holdings Bhd0.43%
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%
Qatar International Islamic Ba0.39%
National Aluminium Co Ltd0.39%
Mr Price Group Ltd0.39%
BS Financial Group Inc0.39%
Banco Del Bajio Sa0.37%
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%
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%

Only in EDIV

96 securities, 92.7% of EDIV by weight

Enn Energy Holdings Ltd3.11%
Nedbank Group Ltd3.01%
The Shanghai Commercial & SA2.20%
Sanlam Ltd2.09%
China Tower Corp Ltd H2.09%
Wh Group Ltd2.09%
Malayan Banking Bhd2.06%
Asia Cement Corp2.02%
Firstrand Ltd1.88%
Cimb Group Holdings Bhd1.87%
Itc Ltd1.84%
Saudi Telecom Co1.84%
Banco Santander Brasil Unit1.74%
Nepi Rockcastle N.v.1.65%
Public Bank Berhad1.65%
National Bank of Kuwait1.63%
Emirates Telecom Group Co1.60%
Advantech Co Ltd1.59%
Tech Mahindra Ltd1.59%
Chunghwa Telecom Co Ltd1.58%
Uni President Enterprises Co1.56%
Taiwan Mobile Co Ltd1.53%
Adnoc Drilling Co Pjsc1.51%
Wistron Corp1.51%
Mega Financial Holding Co Lt1.49%
Ptt Pcl Nvdr1.46%
China State Construction Int1.43%
Bidvest Group Ltd1.43%
President Chain Store Corp1.41%
First Financial Holding Co1.38%
Far Eastone Telecomm Co Ltd1.36%
Tenaga Nasional Bhd1.32%
Mol Hungarian Oil and Gas Pl1.30%
Richter Gedeon Nyrt1.28%
Shoprite Holdings Ltd1.28%
Advanced Info Service Nvdr1.23%
Jarir Marketing Co1.19%
Hellenic Telecommun Organiza1.17%
Bid Corp Ltd1.11%
Hengan Intl Group Co Ltd1.09%
Ammb Holdings Bhd1.06%
Primax Electronics Ltd1.02%
Kimberly Clark De Mexico A1.02%
Telekom Malaysia Bhd0.97%
Ptt Pcl/Foreign0.97%
Coca Cola Femsa Sab De Cv0.92%
Westports Holdings Bhd0.89%
Borouge0.83%
Ooredoo Qpsc0.82%
Prologis Property Mexico SA0.80%

Weight gaps

All 12 Holdings in both funds, largest gap first.

Holding weights in DGS and EDIV, widest gap first
Holding	More in DGSMore in EDIV	DGS	EDIV
Systex Corp	EDIV +1.16 points	0.10%	1.26%
Nien Made Enterprise Co Ltd	EDIV +1.11 points	0.19%	1.30%
Tung Ho Steel Enterprise Corp	EDIV +0.76 points	0.19%	0.95%
Haitian International Holdings Ltd.	EDIV +0.45 points	0.16%	0.61%
Far Eastern International Bank	EDIV +0.37 points	0.22%	0.59%
Kuwaiti Dinar	DGS +0.35 points	0.35%	<0.01%
China Communications Services	EDIV +0.30 points	0.26%	0.56%
Indofood Sukses Makmur Tbk PT	EDIV +0.27 points	0.18%	0.45%
Stark Technology Inc	EDIV +0.22 points	0.12%	0.34%
Taiwan Secom Co Ltd	EDIV +0.16 points	0.11%	0.27%
Sime Darby Bhd	EDIV +0.16 points	0.39%	0.55%
Czech Koruna	Same weight	<0.01%	<0.01%

All 1,097 DGS holdings⁠All 104 EDIV 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 EDIV Cost

Overpaying DGS vs EDIV

$1,661

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

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

Amount$10,000

Years30 years

Cost over time

DGS 0.58%
EDIV 0.49%
Overpaying

Year by year

Year	DGS	EDIV	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%EDIV, cheaper

EDIV0.49%DGS0.58%

0.19%0.66%

Middle half of Emerging Markets Dividend Index funds
Median 0.59%

EDIV 3rd cheapest of 10 funds

DGS 5th cheapest of 10 funds

DGS vs EDIV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGS 4.06%; EDIV 4.34%, better
Payout (12M): DGS $2.38; EDIV $1.75
Last payment: DGS $0.76; EDIV $0.67
Ex-dividend: DGS Sep 25, 2026; EDIV Sep 21, 2026
Paid on: DGS Sep 29, 2026; EDIV Sep 23, 2026
Frequency: DGS Quarterly; EDIV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DGSQuarterly · 37 paymentsAll DGS payments⁠

EDIVQuarterly · 39 paymentsAll EDIV payments⁠

DGS vs EDIV Risk

Fall from peak · 5 years

DGS
EDIV

Risk facts

VolatilityStd dev, 3 years: DGS 13.4%EDIV 9.7%, better
Return per unit of riskSharpe ratio, 3 years: DGS 0.71EDIV 1.20, better
Worst fallMax drawdown, 5 years: DGS −24.6%, betterEDIV −28.3%
Market sensitivityBeta, 5 years: DGS 0.92EDIV 0.72; Market = 1

Popular comparisons

DGSBvsDVYEA
WisdomTree Emerging Markets SmallCap Dividend Fund · iShares Emerging Markets Dividend ETF
Expense ratio
0.58% · 0.49%
Category
EDIVAvsDVYEA
State Street SPDR S&P Emerging Markets Dividend ETF · iShares Emerging Markets Dividend ETF
Expense ratio
0.49% · 0.49%
Category
DGSBvsDIEMB
WisdomTree Emerging Markets SmallCap Dividend Fund · Franklin Emerging Market Core Dividend Tilt Index ETF
Expense ratio
0.58% · 0.19%
Category
EDIVAvsDIEMB
State Street SPDR S&P Emerging Markets Dividend ETF · Franklin Emerging Market Core Dividend Tilt Index ETF
Expense ratio
0.49% · 0.19%
Category
DGSBvsDEMB
WisdomTree Emerging Markets SmallCap Dividend Fund · WisdomTree Emerging Markets High Dividend Fund
Expense ratio
0.58% · 0.63%
Category
EDIVAvsDEMB
State Street SPDR S&P Emerging Markets Dividend ETF · WisdomTree Emerging Markets High Dividend Fund
Expense ratio
0.49% · 0.63%
Category