DGRS vs. SPY

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and State Street SPDR S&P 500 ETF (SPY).

DGRS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGRS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. SmallCap Quality Dividend Growth Index. It was launched on Jul 25, 2013. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both DGRS and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DGRS vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

DGRS vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	7.11%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	7.25%
SPY State Street SPDR S&P 500 ETF	-4.37%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Returns By Period

In the year-to-date period, DGRS achieves a 7.11% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, DGRS has underperformed SPY with an annualized return of 9.13%, while SPY has yielded a comparatively higher 13.98% annualized return.

DGRS

• 1D: 1.36%
• 1M: -3.95%
• YTD: 7.11%
• 6M: 7.01%
• 1Y: 16.89%
• 3Y*: 11.13%
• 5Y*: 5.35%
• 10Y*: 9.13%

SPY

• 1D: 2.91%
• 1M: -4.94%
• YTD: -4.37%
• 6M: -1.82%
• 1Y: 17.59%
• 3Y*: 18.19%
• 5Y*: 11.69%
• 10Y*: 13.98%

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

DGRS vs. SPY - Expense Ratio Comparison

DGRS has a 0.38% expense ratio, which is higher than SPY's 0.09% expense ratio.

DGRS

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

SPY

State Street SPDR S&P 500 ETF

Return for Risk

DGRS vs. SPY — Risk / Return Rank

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

DGRS

DGRS Risk / Return Rank: 45
DGRS Sharpe Ratio Rank: 43
DGRS Sortino Ratio Rank: 47
DGRS Omega Ratio Rank: 41
DGRS Calmar Ratio Rank: 48
DGRS Martin Ratio Rank: 43

SPY

SPY Risk / Return Rank: 64
SPY Sharpe Ratio Rank: 56
SPY Sortino Ratio Rank: 60
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 65
SPY Martin Ratio Rank: 75

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.

DGRS vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and State Street SPDR S&P 500 ETF (SPY). 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.

	DGRS	SPY	Difference
Sharpe ratio Return per unit of total volatility	0.76	0.93	-0.16
Sortino ratio Return per unit of downside risk	1.25	1.45	-0.20
Omega ratio Gain probability vs. loss probability	1.16	1.22	-0.07
Calmar ratio Return relative to maximum drawdown	1.20	1.53	-0.33
Martin ratio Return relative to average drawdown	4.02	7.30	-3.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRS vs. SPY - Sharpe Ratio Comparison

The current DGRS Sharpe Ratio is 0.76, which is comparable to the SPY Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of DGRS and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DGRS	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.93	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.69	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.78	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.56	-0.17

Correlation

The correlation between DGRS and SPY is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DGRS vs. SPY - Dividend Comparison

DGRS's dividend yield for the trailing twelve months is around 2.40%, more than SPY's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	2.40%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%
SPY State Street SPDR S&P 500 ETF	1.14%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Drawdowns

DGRS vs. SPY - Drawdown Comparison

The maximum DGRS drawdown since its inception was -44.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DGRS and SPY.

Drawdown Indicators

	DGRS	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-44.83%	-55.19%	+10.36%
Max Drawdown (1Y) Largest decline over 1 year	-14.03%	-12.05%	-1.98%
Max Drawdown (5Y) Largest decline over 5 years	-27.57%	-24.50%	-3.07%
Max Drawdown (10Y) Largest decline over 10 years	-44.83%	-33.72%	-11.11%
Current Drawdown Current decline from peak	-5.91%	-6.24%	+0.33%
Average Drawdown Average peak-to-trough decline	-6.80%	-9.09%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	2.52%	+1.66%

Volatility

DGRS vs. SPY - Volatility Comparison

The current volatility for WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) is 4.73%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that DGRS experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRS	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	5.31%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	12.47%	9.47%	+3.00%
Volatility (1Y) Calculated over the trailing 1-year period	22.24%	19.05%	+3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	17.06%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.63%	17.92%	+5.71%