DGRO vs. DGRW

Last updated Jun 25, 2026

DGRO (iShares Core Dividend Growth ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth 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, DGRO returned 13.64%/yr vs 14.14%/yr for DGRW. Their correlation of 0.94 suggests significant overlap in exposure. DGRO charges 0.08%/yr vs 0.28%/yr for DGRW.

Performance

DGRO vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) 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, DGRO achieves a 9.37% return, which is significantly higher than DGRW's 6.30% return. Both investments have delivered pretty close results over the past 10 years, with DGRO having a 13.64% annualized return and DGRW not far ahead at 14.14%.

DGRO

• 1D: 0.16%
• 1M: 0.96%
• YTD: 9.37%
• 6M: 8.18%
• 1Y: 21.50%
• 3Y*: 16.99%
• 5Y*: 10.89%
• 10Y*: 13.64%

DGRW

• 1D: -0.05%
• 1M: -1.67%
• YTD: 6.30%
• 6M: 5.21%
• 1Y: 16.02%
• 3Y*: 15.08%
• 5Y*: 11.67%
• 10Y*: 14.14%

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

DGRO vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRO iShares Core Dividend Growth ETF	9.37%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	6.30%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between DGRO and DGRW is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.94

The correlation between DGRO and DGRW shifts across timeframes, from 0.83 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.

DGRO vs. DGRW - Sectors Allocation Comparison

Sectors	DGRO	DGRW
Technology	22.0%	32.1%
Financial Services	20.6%	11.3%
Healthcare	16.5%	12.8%
Consumer Defensive	11.1%	6.7%
Industrials	10.4%	9.9%
Utilities	6.4%	0.2%
Consumer Cyclical	5.4%	7.1%
Energy	5.1%	5.0%
Basic Materials	2.4%	3.3%
Communication Services	0.1%	10.1%
Real Estate	-	-

Return for Risk

DGRO vs. DGRW — Risk / Return Rank

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

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 79
DGRO Sortino Ratio Rank: 83
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 73
DGRO Martin Ratio Rank: 76

DGRW

DGRW Risk / Return Rank: 49
DGRW Sharpe Ratio Rank: 51
DGRW Sortino Ratio Rank: 51
DGRW Omega Ratio Rank: 50
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.

DGRO vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) 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.

	DGRO	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.57	+0.71
Sortino ratio: Return per unit of downside risk	3.32	2.26	+1.06
Omega ratio: Gain probability vs. loss probability	1.41	1.29	+0.12
Calmar ratio: Return relative to maximum drawdown	3.34	1.94	+1.40
Martin ratio: Return relative to average drawdown	12.88	8.19	+4.69

DGRO vs. DGRW - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.28, which is higher than the DGRW Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of DGRO 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

DGRO vs. DGRW - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for DGRO and DGRW.

Drawdown Indicators

	DGRO	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-32.04%	-3.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-8.30%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-16.21%	+2.18%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-17.27%	-2.04%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	-32.04%	-3.06%
Current Drawdown Current decline from peak	-0.74%	-3.37%	+2.63%
Average Drawdown Average peak-to-trough decline	-3.43%	-3.01%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.96%	-0.29%

Volatility

DGRO vs. DGRW - Volatility Comparison

The current volatility for iShares Core Dividend Growth ETF (DGRO) is 2.48%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 3.72%. This indicates that DGRO experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRO	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	3.72%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	6.94%	8.24%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	9.51%	10.28%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.79%	14.01%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	16.21%	+0.38%

DGRO vs. DGRW - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is lower than DGRW's 0.28% expense ratio.

Dividends

DGRO vs. DGRW - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.96%, more than DGRW's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.96%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
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 DGRO and DGRW in my portfolio?

DGRO and DGRW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRO or DGRW?

DGRW has higher volatility (3.72%) compared to DGRO (2.48%). In terms of maximum drawdown, DGRO dropped -35.10% vs DGRW's -32.04%.

Which ETF is better, DGRO or DGRW?

On 10-year performance, DGRW leads with 14.14% vs 13.64% for DGRO. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRO or DGRW?

Over the 10-year period, DGRW has performed better with a 14.14% return vs 13.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRO or DGRW?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.28% for DGRW.

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

DGRO has the higher dividend yield at 1.96%, compared with 1.30% for DGRW.

What is the main difference between DGRO and DGRW?

DGRO is categorized as Large Cap Growth Equities, while DGRW is Dividend. DGRO tracks Morningstar US Dividend Growth Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.08% for DGRO and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.28 vs 1.57), 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.