DGRE vs. GARP

Last updated Aug 2, 2026

DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) and GARP (iShares MSCI USA Quality GARP ETF) are both Quality Factor funds. DGRE is actively managed, while GARP is passively managed. Over the past 5 years, DGRE returned 8.52%/yr vs 17.48%/yr for GARP. Their 0.59 correlation means they have sometimes moved together and sometimes differently. DGRE charges 0.32%/yr vs 0.15%/yr for GARP.

Performance

DGRE vs. GARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and iShares MSCI USA Quality GARP ETF (GARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRE achieves a 22.89% return, which is significantly higher than GARP's 16.89% return.

DGRE

• 1D: 0.57%
• 1M: -3.14%
• 6M: 14.70%
• YTD: 22.89%
• 1Y: 42.31%
• 3Y*: 19.58%
• 5Y*: 8.52%
• 10Y*: 8.22%
• ALL TIME*: 5.82%

GARP

• 1D: 0.66%
• 1M: -1.22%
• 6M: 14.45%
• YTD: 16.89%
• 1Y: 31.75%
• 3Y*: 28.85%
• 5Y*: 17.48%
• 10Y*: —
• ALL TIME*: 20.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	$225.72K	$519.73K	$485.46K
GARP iShares MSCI USA Quality GARP ETF	$25.65M	$25.43M	$23.00M

DGRE vs. GARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	22.89%	27.47%	3.63%	18.46%	-21.86%	2.55%	9.39%
GARP iShares MSCI USA Quality GARP ETF	16.89%	21.49%	37.42%	42.86%	-26.75%	27.99%	26.51%

Correlation

The correlation between DGRE and GARP is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020	0.59

Over the past year, DGRE and GARP have become more correlated (0.79) than their long-term average of 0.59, meaning their price movements have been converging.

DGRE vs. GARP - Sectors Allocation Comparison

Sectors	DGRE	GARP
Technology	38.6%	54.7%
Financial Services	11.8%	7.9%
Industrials	8.0%	6.4%
Basic Materials	4.4%	1.1%
Healthcare	2.6%	5.4%
Consumer Cyclical	2.6%	9.1%
Consumer Defensive	2.3%	-
Energy	1.1%	3.0%
Utilities	0.9%	1.3%
Communication Services	0.8%	11.0%
Real Estate	0.3%	0.4%

Return for Risk

DGRE vs. GARP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DGRE

DGRE Risk / Return Rank: 77
DGRE Sharpe Ratio Rank: 76
DGRE Sortino Ratio Rank: 72
DGRE Omega Ratio Rank: 77
DGRE Calmar Ratio Rank: 83
DGRE Martin Ratio Rank: 77

GARP

GARP Risk / Return Rank: 64
GARP Sharpe Ratio Rank: 66
GARP Sortino Ratio Rank: 62
GARP Omega Ratio Rank: 60
GARP Calmar Ratio Rank: 63
GARP Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DGRE vs. GARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) and iShares MSCI USA Quality GARP ETF (GARP). 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.

	DGRE	GARP	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.50	+0.23
Sortino ratio: Return per unit of downside risk	2.32	2.08	+0.25
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	3.07	2.19	+0.88
Martin ratio: Return relative to average drawdown	9.68	7.99	+1.69

DGRE vs. GARP - Sharpe Ratio Comparison

The current DGRE Sharpe Ratio is 1.73, which is comparable to the GARP Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of DGRE and GARP, 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

DGRE vs. GARP - Drawdown Comparison

The maximum DGRE drawdown since its inception was -36.95%, which is greater than GARP's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for DGRE and GARP.

Drawdown Indicators

	DGRE	GARP	Difference
Max Drawdown Largest peak-to-trough decline	-36.95%	-31.34%	-5.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-13.69%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-20.65%	-23.73%	+3.08%
Max Drawdown (5Y) Largest decline over 5 years	-33.43%	-30.61%	-2.82%
Max Drawdown (10Y) Largest decline over 10 years	-36.95%	—	—
Current Drawdown Current decline from peak	-9.16%	-4.34%	-4.82%
Average Drawdown Average peak-to-trough decline	-11.93%	-7.27%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	3.75%	+0.58%

Volatility

DGRE vs. GARP - Volatility Comparison

WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a higher volatility of 8.92% compared to iShares MSCI USA Quality GARP ETF (GARP) at 5.68%. This indicates that DGRE's price experiences larger fluctuations and is considered to be riskier than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRE	GARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.92%	5.68%	+3.24%
Volatility (6M) Calculated over the trailing 6-month period	22.64%	16.18%	+6.46%
Volatility (1Y) Calculated over the trailing 1-year period	24.24%	20.02%	+4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	22.34%	-3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.98%	23.92%	-3.94%

DGRE vs. GARP - Expense Ratio Comparison

DGRE has a 0.32% expense ratio, which is higher than GARP's 0.15% expense ratio.

Dividends

DGRE vs. GARP - Dividend Comparison

DGRE's dividend yield for the trailing twelve months is around 1.35%, more than GARP's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	1.35%	1.65%	1.90%	2.22%	4.38%	2.56%	2.11%	2.32%	2.71%	3.12%	3.18%	3.01%
GARP iShares MSCI USA Quality GARP ETF	0.27%	0.31%	0.38%	0.75%	1.85%	0.67%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGRE and GARP in my portfolio?

DGRE and GARP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRE or GARP?

DGRE has higher volatility (8.92%) compared to GARP (5.68%). In terms of maximum drawdown, DGRE dropped -36.95% vs GARP's -31.34%.

Which ETF is better, DGRE or GARP?

On 5-year performance, GARP leads with 17.48% vs 8.52% for DGRE. On fees, GARP is cheaper at 0.15% per year. On volatility, GARP has been the lower-risk option at 5.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRE or GARP?

Over the 5-year period, GARP has performed better with a 17.48% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRE or GARP?

GARP is cheaper with a 0.15% expense ratio, compared with 0.32% for DGRE.

Which ETF pays a higher dividend yield, DGRE or GARP?

DGRE has the higher dividend yield at 1.35%, compared with 0.27% for GARP.

What is the main difference between DGRE and GARP?

They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.32% for DGRE and 0.15% for GARP.

Which has better risk-adjusted returns?

DGRE currently has the higher Sharpe Ratio (1.73 vs 1.50), 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.