CGW vs. DGRW
Compare and contrast key facts about Invesco S&P Global Water Index ETF (CGW) and WisdomTree U.S. Dividend Growth Fund (DGRW).
CGW and DGRW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGW is a passively managed fund by Invesco that tracks the performance of the S&P Global Water Index. It was launched on May 14, 2007. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both CGW and DGRW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGW or DGRW.
Performance
CGW vs. DGRW - Performance Comparison
Returns By Period
In the year-to-date period, CGW achieves a 11.58% return, which is significantly lower than DGRW's 21.59% return. Over the past 10 years, CGW has underperformed DGRW with an annualized return of 9.21%, while DGRW has yielded a comparatively higher 12.84% annualized return.
CGW
11.58%
-0.17%
0.99%
20.33%
10.14%
9.21%
DGRW
21.59%
1.33%
11.82%
27.84%
14.60%
12.84%
Key characteristics
| CGW | DGRW | |
|---|---|---|
| Sharpe Ratio | 1.49 | 2.62 |
| Sortino Ratio | 2.14 | 3.63 |
| Omega Ratio | 1.26 | 1.49 |
| Calmar Ratio | 1.29 | 4.45 |
| Martin Ratio | 6.70 | 16.43 |
| Ulcer Index | 3.03% | 1.69% |
| Daily Std Dev | 13.67% | 10.62% |
| Max Drawdown | -57.24% | -32.04% |
| Current Drawdown | -3.35% | -1.45% |
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CGW vs. DGRW - Expense Ratio Comparison
CGW has a 0.57% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Correlation
The correlation between CGW and DGRW is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CGW vs. DGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Global Water Index ETF (CGW) and WisdomTree U.S. 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.
Dividends
CGW vs. DGRW - Dividend Comparison
CGW's dividend yield for the trailing twelve months is around 1.39%, less than DGRW's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGW Invesco S&P Global Water Index ETF | 1.39% | 1.55% | 1.45% | 1.59% | 1.41% | 1.48% | 2.14% | 1.71% | 1.65% | 1.67% | 1.77% | 1.52% |
DGRW WisdomTree U.S. Dividend Growth Fund | 1.50% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.06% |
Drawdowns
CGW vs. DGRW - Drawdown Comparison
The maximum CGW drawdown since its inception was -57.24%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for CGW and DGRW. For additional features, visit the drawdowns tool.
Volatility
CGW vs. DGRW - Volatility Comparison
Invesco S&P Global Water Index ETF (CGW) and WisdomTree U.S. Dividend Growth Fund (DGRW) have volatilities of 3.53% and 3.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.