DGRS vs. SPY
Compare and contrast key facts about WisdomTree US Smallcap Quality Dividend Growth Fund (DGRS) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGRS or SPY.
Key characteristics
| DGRS | SPY | |
|---|---|---|
| YTD Return | 1.11% | 7.90% |
| 1Y Return | 25.36% | 28.03% |
| 3Y Return (Ann) | 2.98% | 8.75% |
| 5Y Return (Ann) | 8.12% | 13.52% |
| 10Y Return (Ann) | 8.29% | 12.62% |
| Sharpe Ratio | 1.25 | 2.33 |
| Daily Std Dev | 18.68% | 11.63% |
| Max Drawdown | -44.83% | -55.19% |
| Current Drawdown | -3.74% | -2.27% |
Correlation
The correlation between DGRS and SPY is 0.74, 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.
Performance
DGRS vs. SPY - Performance Comparison
In the year-to-date period, DGRS achieves a 1.11% return, which is significantly lower than SPY's 7.90% return. Over the past 10 years, DGRS has underperformed SPY with an annualized return of 8.29%, while SPY has yielded a comparatively higher 12.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DGRS vs. SPY - Expense Ratio Comparison
DGRS has a 0.38% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DGRS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Smallcap Quality Dividend Growth Fund (DGRS) and 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.
Dividends
DGRS vs. SPY - Dividend Comparison
DGRS's dividend yield for the trailing twelve months is around 2.32%, more than SPY's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund | 2.32% | 2.36% | 2.88% | 2.19% | 2.31% | 2.39% | 2.63% | 2.08% | 1.82% | 2.54% | 2.06% | 0.49% |
SPY SPDR S&P 500 ETF | 1.31% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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. For additional features, visit the drawdowns tool.
Volatility
DGRS vs. SPY - Volatility Comparison
WisdomTree US Smallcap Quality Dividend Growth Fund (DGRS) has a higher volatility of 4.87% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that DGRS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.