BTCW vs. DGRW

Last updated Jul 14, 2026

BTCW (Wisdom Tree Bitcoin Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - BTCW is a Cryptocurrency fund managed by WisdomTree, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Over the past year, BTCW returned -47.58% vs 14.95% for DGRW. At a 0.35 correlation, their price movements are largely independent. BTCW charges 0.30%/yr vs 0.28%/yr for DGRW.

Performance

BTCW vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wisdom Tree Bitcoin Fund (BTCW) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCW achieves a -29.13% return, which is significantly lower than DGRW's 8.61% return.

BTCW

• 1D: -2.67%
• 1M: -2.32%
• 6M: -32.18%
• YTD: -29.13%
• 1Y: -47.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGRW

• 1D: -0.53%
• 1M: 0.67%
• 6M: 6.27%
• YTD: 8.61%
• 1Y: 14.95%
• 3Y*: 14.69%
• 5Y*: 11.61%
• 10Y*: 13.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCW vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTCW Wisdom Tree Bitcoin Fund	-29.13%	-6.05%	92.79%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	8.61%	12.17%	16.70%

Correlation

The correlation between BTCW and DGRW is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.35

Return for Risk

BTCW vs. DGRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCW

BTCW Risk / Return Rank: 1
BTCW Sharpe Ratio Rank: 1
BTCW Sortino Ratio Rank: 1
BTCW Omega Ratio Rank: 1
BTCW Calmar Ratio Rank: 1
BTCW Martin Ratio Rank: 1

DGRW

DGRW Risk / Return Rank: 53
DGRW Sharpe Ratio Rank: 54
DGRW Sortino Ratio Rank: 55
DGRW Omega Ratio Rank: 55
DGRW Calmar Ratio Rank: 45
DGRW Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCW vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.

	BTCW	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	1.47	-2.55
Sortino ratio: Return per unit of downside risk	-1.66	2.12	-3.79
Omega ratio: Gain probability vs. loss probability	0.82	1.27	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.89	1.81	-2.70
Martin ratio: Return relative to average drawdown	-1.46	7.46	-8.92

BTCW vs. DGRW - Sharpe Ratio Comparison

The current BTCW Sharpe Ratio is -1.08, which is lower than the DGRW Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of BTCW and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BTCW vs. DGRW - Drawdown Comparison

The maximum BTCW drawdown since its inception was -53.37%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for BTCW and DGRW.

Drawdown Indicators

	BTCW	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-53.37%	-32.04%	-21.33%
Max Drawdown (1Y) Largest decline over 1 year	-53.37%	-8.30%	-45.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-50.60%	-1.27%	-49.33%
Average Drawdown Average peak-to-trough decline	-17.50%	-3.01%	-14.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.68%	2.01%	+30.67%

Volatility

BTCW vs. DGRW - Volatility Comparison

Wisdom Tree Bitcoin Fund (BTCW) has a higher volatility of 11.38% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 2.86%. This indicates that BTCW's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTCW	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.38%	2.86%	+8.52%
Volatility (6M) Calculated over the trailing 6-month period	34.65%	8.23%	+26.42%
Volatility (1Y) Calculated over the trailing 1-year period	44.17%	10.23%	+33.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.84%	14.00%	+35.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.84%	16.17%	+33.67%

BTCW vs. DGRW - Expense Ratio Comparison

BTCW has a 0.30% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

BTCW vs. DGRW - Dividend Comparison

BTCW has not paid dividends to shareholders, while DGRW's dividend yield for the trailing twelve months is around 1.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTCW Wisdom Tree Bitcoin Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.26%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%

Frequently Asked Questions

Can I hold both BTCW and DGRW in my portfolio?

BTCW and DGRW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTCW or DGRW?

BTCW has higher volatility (11.38%) compared to DGRW (2.86%). In terms of maximum drawdown, BTCW dropped -53.37% vs DGRW's -32.04%.

Which ETF is better, BTCW or DGRW?

On 1-year performance, DGRW leads with 14.95% vs -47.58% for BTCW. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTCW or DGRW?

Over the 1-year period, DGRW has performed better with a 14.95% return vs -47.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTCW or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.30% for BTCW.

Which ETF pays a higher dividend yield, BTCW or DGRW?

DGRW has the higher dividend yield at 1.26%, compared with 0.00% for BTCW.

What is the main difference between BTCW and DGRW?

BTCW is categorized as Cryptocurrency, while DGRW is Dividend. Their fees differ too: 0.30% for BTCW and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.47 vs -1.08), 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.