DFEP.L vs. DGRA.L

Last updated Jun 5, 2026

DFEP.L (WisdomTree Europe SmallCap Dividend UCITS ETF Acc) and DGRA.L (WisdomTree US Quality Dividend Growth UCITS ETF USD Acc) are both exchange-traded funds - DFEP.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while DGRA.L is a Large Cap Blend Equities fund tracking the WisdomTree U.S. Quality Dividend Growth UCITS Index. Both are passively managed. Over the past 5 years, DFEP.L returned 5.60%/yr vs 12.91%/yr for DGRA.L. A 0.54 correlation means they provide meaningful diversification when combined. DFEP.L charges 0.38%/yr vs 0.33%/yr for DGRA.L.

Performance

DFEP.L vs. DGRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Europe SmallCap Dividend UCITS ETF Acc (DFEP.L) and WisdomTree US Quality Dividend Growth UCITS ETF USD Acc (DGRA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DFEP.L is traded in GBp, while DGRA.L is traded in USD. To make them comparable, the DGRA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, DFEP.L achieves a 5.52% return, which is significantly lower than DGRA.L's 7.19% return.

DFEP.L

• 1D: 0.38%
• 1M: 2.08%
• YTD: 5.52%
• 6M: 8.87%
• 1Y: 14.29%
• 3Y*: 11.59%
• 5Y*: 5.60%
• 10Y*: —

DGRA.L

• 1D: 0.12%
• 1M: 4.46%
• YTD: 7.19%
• 6M: 5.39%
• 1Y: 21.06%
• 3Y*: 13.50%
• 5Y*: 12.91%
• 10Y*: —

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

DFEP.L vs. DGRA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DFEP.L WisdomTree Europe SmallCap Dividend UCITS ETF Acc	5.52%	23.13%	0.87%	8.16%	-10.61%	19.71%	0.53%	22.97%	-16.87%	21.28%
DGRA.L WisdomTree US Quality Dividend Growth UCITS ETF USD Acc	7.19%	5.03%	20.29%	12.77%	2.58%	26.46%	9.27%	23.93%	-1.02%	15.94%

Correlation

The correlation between DFEP.L and DGRA.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 9, 2016	0.54

The correlation between DFEP.L and DGRA.L shifts across timeframes, from 0.41 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.

DFEP.L vs. DGRA.L - Sectors Allocation Comparison

Sectors	DFEP.L	DGRA.L
Industrials	29.4%	11.3%
Consumer Cyclical	14.5%	8.5%
Financial Services	10.1%	10.7%
Technology	8.1%	28.9%
Real Estate	7.3%	-
Basic Materials	6.7%	3.1%
Healthcare	6.2%	15.0%
Communication Services	5.4%	8.6%
Energy	5.3%	5.3%
Consumer Defensive	4.8%	8.2%
Utilities	2.4%	0.4%

Return for Risk

DFEP.L vs. DGRA.L — Risk / Return Rank

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

DFEP.L

DFEP.L Risk / Return Rank: 32
DFEP.L Sharpe Ratio Rank: 32
DFEP.L Sortino Ratio Rank: 31
DFEP.L Omega Ratio Rank: 33
DFEP.L Calmar Ratio Rank: 29
DFEP.L Martin Ratio Rank: 33

DGRA.L

DGRA.L Risk / Return Rank: 57
DGRA.L Sharpe Ratio Rank: 55
DGRA.L Sortino Ratio Rank: 60
DGRA.L Omega Ratio Rank: 55
DGRA.L Calmar Ratio Rank: 54
DGRA.L Martin Ratio Rank: 59

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.

DFEP.L vs. DGRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend UCITS ETF Acc (DFEP.L) and WisdomTree US Quality Dividend Growth UCITS ETF USD Acc (DGRA.L). 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.

	DFEP.L	DGRA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.85	-0.71
Sortino ratio: Return per unit of downside risk	1.66	2.57	-0.91
Omega ratio: Gain probability vs. loss probability	1.22	1.34	-0.12
Calmar ratio: Return relative to maximum drawdown	1.38	3.77	-2.39
Martin ratio: Return relative to average drawdown	4.81	12.10	-7.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFEP.L vs. DGRA.L - Sharpe Ratio Comparison

The current DFEP.L Sharpe Ratio is 1.14, which is lower than the DGRA.L Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of DFEP.L and DGRA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFEP.L	DGRA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.85	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.92	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.94	-0.47

Drawdowns

DFEP.L vs. DGRA.L - Drawdown Comparison

The maximum DFEP.L drawdown since its inception was -38.39%, which is greater than DGRA.L's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for DFEP.L and DGRA.L.

Drawdown Indicators

	DFEP.L	DGRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.39%	-23.29%	-15.10%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-5.57%	-4.77%
Max Drawdown (3Y) Largest decline over 3 years	-16.89%	-18.00%	+1.11%
Max Drawdown (5Y) Largest decline over 5 years	-23.38%	-18.00%	-5.38%
Current Drawdown Current decline from peak	-2.06%	0.00%	-2.06%
Average Drawdown Average peak-to-trough decline	-7.05%	-2.98%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	1.74%	+1.23%

Volatility

DFEP.L vs. DGRA.L - Volatility Comparison

WisdomTree Europe SmallCap Dividend UCITS ETF Acc (DFEP.L) has a higher volatility of 3.55% compared to WisdomTree US Quality Dividend Growth UCITS ETF USD Acc (DGRA.L) at 3.18%. This indicates that DFEP.L's price experiences larger fluctuations and is considered to be riskier than DGRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFEP.L	DGRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.18%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	8.41%	+1.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	11.31%	+1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	14.01%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	15.54%	+0.69%

DFEP.L vs. DGRA.L - Expense Ratio Comparison

DFEP.L has a 0.38% expense ratio, which is higher than DGRA.L's 0.33% expense ratio.

Dividends

DFEP.L vs. DGRA.L - Dividend Comparison

Neither DFEP.L nor DGRA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DFEP.L and DGRA.L in my portfolio?

DFEP.L and DGRA.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFEP.L or DGRA.L?

On fees, DGRA.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFEP.L or DGRA.L?

DGRA.L is cheaper with a 0.33% expense ratio, compared with 0.38% for DFEP.L.

What is the main difference between DFEP.L and DGRA.L?

DFEP.L is categorized as Europe Equities, while DGRA.L is Large Cap Blend Equities. DFEP.L tracks MSCI Europe Small Cap NR EUR, while DGRA.L tracks WisdomTree U.S. Quality Dividend Growth UCITS Index. Their fees differ too: 0.38% for DFEP.L and 0.33% for DGRA.L.