DGRA.L vs. TFRN.L
DGRA.L (WisdomTree US Quality Dividend Growth UCITS ETF USD Acc) and TFRN.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc) are both exchange-traded funds - DGRA.L is a Large Cap Blend Equities fund tracking the WisdomTree U.S. Quality Dividend Growth UCITS Index, while TFRN.L is a Government Bonds fund tracking the Bloomberg US Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, DGRA.L returned 11.37%/yr vs 3.65%/yr for TFRN.L. At a 0.03 correlation, their price movements are largely independent. DGRA.L charges 0.33%/yr vs 0.15%/yr for TFRN.L.
Performance
DGRA.L vs. TFRN.L - Performance Comparison
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Returns By Period
In the year-to-date period, DGRA.L achieves a 4.94% return, which is significantly higher than TFRN.L's 1.82% return.
DGRA.L
- 1D
- -0.18%
- 1M
- -0.48%
- YTD
- 4.94%
- 6M
- 4.71%
- 1Y
- 16.54%
- 3Y*
- 15.29%
- 5Y*
- 11.37%
- 10Y*
- 13.96%
TFRN.L
- 1D
- 0.02%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.75%
- 1Y
- 4.02%
- 3Y*
- 4.68%
- 5Y*
- 3.65%
- 10Y*
- —
DGRA.L vs. TFRN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DGRA.L WisdomTree US Quality Dividend Growth UCITS ETF USD Acc | 4.94% | 13.09% | 18.23% | 18.70% | -8.32% | 25.27% | 12.58% | 15.54% |
TFRN.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc | 1.82% | 4.10% | 5.44% | 4.94% | 2.04% | -0.15% | 0.57% | 1.59% |
Correlation
The correlation between DGRA.L and TFRN.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019 | 0.03 |
The correlation between DGRA.L and TFRN.L shifts across timeframes, from -0.07 (1 year) to 0.05 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DGRA.L vs. TFRN.L — Risk / Return Rank
DGRA.L
TFRN.L
DGRA.L vs. TFRN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Quality Dividend Growth UCITS ETF USD Acc (DGRA.L) and WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.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.
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.
| DGRA.L | TFRN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.63 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 4.10 | -1.92 |
| Martin ratioReturn relative to average drawdown | 8.53 | 35.75 | -27.22 |
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Drawdowns
DGRA.L vs. TFRN.L - Drawdown Comparison
The maximum DGRA.L drawdown since its inception was -31.66%, which is greater than TFRN.L's maximum drawdown of -3.10%. Use the drawdown chart below to compare losses from any high point for DGRA.L and TFRN.L.
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Drawdown Indicators
| DGRA.L | TFRN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.66% | -3.10% | -28.56% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -0.98% | -6.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -0.98% | -15.20% |
Max Drawdown (5Y)Largest decline over 5 years | -17.94% | -0.98% | -16.96% |
Max Drawdown (10Y)Largest decline over 10 years | -31.66% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | 0.00% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -0.09% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 0.11% | +1.83% |
Volatility
DGRA.L vs. TFRN.L - Volatility Comparison
WisdomTree US Quality Dividend Growth UCITS ETF USD Acc (DGRA.L) has a higher volatility of 2.92% compared to WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.L) at 0.14%. This indicates that DGRA.L's price experiences larger fluctuations and is considered to be riskier than TFRN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGRA.L | TFRN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 0.14% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 0.91% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.87% | 1.92% | +8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 1.51% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 1.88% | +13.15% |
DGRA.L vs. TFRN.L - Expense Ratio Comparison
DGRA.L has a 0.33% expense ratio, which is higher than TFRN.L's 0.15% expense ratio.
Dividends
DGRA.L vs. TFRN.L - Dividend Comparison
Neither DGRA.L nor TFRN.L has paid dividends to shareholders.
Frequently Asked Questions
DGRA.L and TFRN.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TFRN.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TFRN.L is cheaper with a 0.15% expense ratio, compared with 0.33% for DGRA.L.
DGRA.L is categorized as Large Cap Blend Equities, while TFRN.L is Government Bonds. DGRA.L tracks WisdomTree U.S. Quality Dividend Growth UCITS Index, while TFRN.L tracks Bloomberg US Treasury Floating Rate Bond Index. Their fees differ too: 0.33% for DGRA.L and 0.15% for TFRN.L.
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