DDWM vs. DGRW

Last updated Jun 24, 2026

DDWM (WisdomTree Dynamic Currency Hedged International Equity Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - DDWM is a Foreign Large Cap Equities fund tracking the WisdomTree Dynamic Currency Hedged International Equity Index, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, DDWM returned 10.94%/yr vs 14.14%/yr for DGRW. A 0.73 correlation means they provide meaningful diversification when combined. DDWM charges 0.40%/yr vs 0.28%/yr for DGRW.

Performance

DDWM vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) 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, DDWM achieves a 6.75% return, which is significantly higher than DGRW's 6.36% return. Over the past 10 years, DDWM has underperformed DGRW with an annualized return of 10.94%, while DGRW has yielded a comparatively higher 14.14% annualized return.

DDWM

• 1D: -1.52%
• 1M: -0.22%
• YTD: 6.75%
• 6M: 6.95%
• 1Y: 20.60%
• 3Y*: 18.16%
• 5Y*: 12.42%
• 10Y*: 10.94%

DGRW

• 1D: -0.92%
• 1M: -1.62%
• YTD: 6.36%
• 6M: 5.72%
• 1Y: 16.86%
• 3Y*: 15.10%
• 5Y*: 11.78%
• 10Y*: 14.14%

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

DDWM vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	6.75%	30.07%	10.70%	15.25%	-0.77%	14.84%	-4.56%	21.43%	-11.75%	18.80%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	6.36%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between DDWM and DGRW is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Feb 4, 2016	0.73

The correlation between DDWM and DGRW has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

DDWM vs. DGRW - Sectors Allocation Comparison

Sectors	DDWM	DGRW
Industrials	21.1%	9.9%
Financial Services	20.7%	11.3%
Consumer Cyclical	10.6%	7.1%
Technology	9.0%	32.1%
Healthcare	8.6%	12.8%
Consumer Defensive	7.4%	6.7%
Basic Materials	5.5%	3.3%
Communication Services	5.4%	10.1%
Utilities	5.2%	0.2%
Energy	3.7%	5.0%
Real Estate	3.0%	-

Return for Risk

DDWM vs. DGRW — Risk / Return Rank

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

DDWM

DDWM Risk / Return Rank: 47
DDWM Sharpe Ratio Rank: 49
DDWM Sortino Ratio Rank: 47
DDWM Omega Ratio Rank: 50
DDWM Calmar Ratio Rank: 41
DDWM Martin Ratio Rank: 45

DGRW

DGRW Risk / Return Rank: 48
DGRW Sharpe Ratio Rank: 49
DGRW Sortino Ratio Rank: 50
DGRW Omega Ratio Rank: 49
DGRW Calmar Ratio Rank: 42
DGRW Martin Ratio Rank: 52

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.

DDWM vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) 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.

	DDWM	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.65	-0.06
Sortino ratio: Return per unit of downside risk	2.22	2.36	-0.14
Omega ratio: Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	1.96	2.04	-0.08
Martin ratio: Return relative to average drawdown	7.05	8.67	-1.62

DDWM vs. DGRW - Sharpe Ratio Comparison

The current DDWM Sharpe Ratio is 1.59, which is comparable to the DGRW Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of DDWM 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

DDWM vs. DGRW - Drawdown Comparison

The maximum DDWM drawdown since its inception was -35.00%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for DDWM and DGRW.

Drawdown Indicators

	DDWM	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-35.00%	-32.04%	-2.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-8.30%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-16.21%	+3.87%
Max Drawdown (5Y) Largest decline over 5 years	-14.79%	-17.27%	+2.48%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	-32.04%	-2.96%
Current Drawdown Current decline from peak	-2.60%	-3.32%	+0.72%
Average Drawdown Average peak-to-trough decline	-4.04%	-3.01%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.95%	+0.98%

Volatility

DDWM vs. DGRW - Volatility Comparison

WisdomTree Dynamic Currency Hedged International Equity Fund (DDWM) has a higher volatility of 4.18% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.75%. This indicates that DDWM'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

	DDWM	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	3.75%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	8.26%	+2.78%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	10.30%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	14.01%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	16.21%	-1.07%

DDWM vs. DGRW - Expense Ratio Comparison

DDWM has a 0.40% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

DDWM vs. DGRW - Dividend Comparison

DDWM's dividend yield for the trailing twelve months is around 2.32%, more than DGRW's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund	2.32%	2.47%	3.57%	4.46%	4.28%	3.73%	3.52%	3.63%	4.40%	2.65%	4.00%	0.00%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.30%	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 DDWM and DGRW in my portfolio?

DDWM and DGRW have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDWM or DGRW?

DDWM has higher volatility (4.18%) compared to DGRW (3.75%). In terms of maximum drawdown, DDWM dropped -35.00% vs DGRW's -32.04%.

Which ETF is better, DDWM or DGRW?

On 10-year performance, DGRW leads with 14.14% vs 10.94% for DDWM. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDWM or DGRW?

Over the 10-year period, DGRW has performed better with a 14.14% return vs 10.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDWM or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.40% for DDWM.

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

DDWM has the higher dividend yield at 2.32%, compared with 1.30% for DGRW.

What is the main difference between DDWM and DGRW?

DDWM is categorized as Foreign Large Cap Equities, while DGRW is Dividend. DDWM tracks WisdomTree Dynamic Currency Hedged International Equity Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. Their fees differ too: 0.40% for DDWM and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.65 vs 1.59), 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.