DGRS vs. USVM

Last updated Jun 5, 2026

DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both exchange-traded funds - DGRS is a Small Cap Value Equities fund tracking the WisdomTree U.S. SmallCap Quality Dividend Growth Index, while USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, DGRS returned 6.09%/yr vs 9.96%/yr for USVM. Their correlation of 0.91 suggests significant overlap in exposure. DGRS charges 0.38%/yr vs 0.29%/yr for USVM.

Performance

DGRS vs. USVM - 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 VictoryShares US Small Mid Cap Value Momentum ETF (USVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRS achieves a 14.63% return, which is significantly lower than USVM's 16.40% return.

DGRS

• 1D: 0.95%
• 1M: -0.32%
• YTD: 14.63%
• 6M: 14.01%
• 1Y: 26.83%
• 3Y*: 14.71%
• 5Y*: 6.09%
• 10Y*: 9.61%

USVM

• 1D: 0.99%
• 1M: 1.96%
• YTD: 16.40%
• 6M: 16.14%
• 1Y: 32.38%
• 3Y*: 20.65%
• 5Y*: 9.96%
• 10Y*: —

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

DGRS vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	14.63%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	3.19%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	16.40%	10.56%	16.59%	18.90%	-13.23%	24.44%	11.56%	21.65%	-9.39%	2.21%

Correlation

The correlation between DGRS and USVM is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.91

The correlation between DGRS and USVM has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

DGRS vs. USVM - Sectors Allocation Comparison

Sectors	DGRS	USVM
Financial Services	24.8%	22.0%
Industrials	19.0%	12.1%
Consumer Cyclical	16.5%	11.1%
Energy	12.0%	4.4%
Technology	8.7%	11.6%
Basic Materials	7.6%	1.8%
Consumer Defensive	6.3%	5.0%
Communication Services	2.0%	2.8%
Real Estate	1.7%	11.9%
Healthcare	1.3%	11.0%
Utilities	0.2%	6.4%

Return for Risk

DGRS vs. USVM — Risk / Return Rank

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

DGRS

DGRS Risk / Return Rank: 48
DGRS Sharpe Ratio Rank: 44
DGRS Sortino Ratio Rank: 48
DGRS Omega Ratio Rank: 42
DGRS Calmar Ratio Rank: 57
DGRS Martin Ratio Rank: 51

USVM

USVM Risk / Return Rank: 71
USVM Sharpe Ratio Rank: 67
USVM Sortino Ratio Rank: 70
USVM Omega Ratio Rank: 64
USVM Calmar Ratio Rank: 77
USVM Martin Ratio Rank: 77

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. USVM - 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 VictoryShares US Small Mid Cap Value Momentum ETF (USVM). 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	USVM	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.18	-0.68
Sortino ratio: Return per unit of downside risk	2.31	3.14	-0.83
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio: Return relative to maximum drawdown	2.78	3.89	-1.11
Martin ratio: Return relative to average drawdown	8.53	14.65	-6.12
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. USVM - Sharpe Ratio Comparison

The current DGRS Sharpe Ratio is 1.50, which is lower than the USVM Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of DGRS and USVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DGRS	USVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.18	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.51	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.49	-0.08

Drawdowns

DGRS vs. USVM - Drawdown Comparison

The maximum DGRS drawdown since its inception was -44.83%, which is greater than USVM's maximum drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for DGRS and USVM.

Drawdown Indicators

	DGRS	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-44.83%	-42.38%	-2.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-8.36%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-27.57%	-24.34%	-3.23%
Max Drawdown (5Y) Largest decline over 5 years	-27.57%	-25.27%	-2.30%
Max Drawdown (10Y) Largest decline over 10 years	-44.83%	—	—
Current Drawdown Current decline from peak	-0.85%	0.00%	-0.85%
Average Drawdown Average peak-to-trough decline	-6.73%	-7.90%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.22%	+0.93%

Volatility

DGRS vs. USVM - Volatility Comparison

WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM) have volatilities of 4.28% and 4.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRS	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	4.32%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	10.76%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	17.98%	14.93%	+3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	19.65%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.63%	22.01%	+1.62%

DGRS vs. USVM - Expense Ratio Comparison

DGRS has a 0.38% expense ratio, which is higher than USVM's 0.29% expense ratio.

Dividends

DGRS vs. USVM - Dividend Comparison

DGRS's dividend yield for the trailing twelve months is around 2.21%, more than USVM's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	2.21%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.74%	1.84%	1.75%	1.63%	1.43%	0.70%	1.21%	1.77%	1.43%	0.65%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGRS and USVM in my portfolio?

With a correlation of 0.91, DGRS and USVM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DGRS or USVM?

USVM has higher volatility (4.32%) compared to DGRS (4.28%). In terms of maximum drawdown, DGRS dropped -44.83% vs USVM's -42.38%.

Which ETF is better, DGRS or USVM?

On 5-year performance, USVM leads with 9.96% vs 6.09% for DGRS. On fees, USVM is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRS or USVM?

Over the 5-year period, USVM has performed better with a 9.96% return vs 6.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRS or USVM?

USVM is cheaper with a 0.29% expense ratio, compared with 0.38% for DGRS.

Which ETF pays a higher dividend yield, DGRS or USVM?

DGRS has the higher dividend yield at 2.21%, compared with 1.74% for USVM.

What is the main difference between DGRS and USVM?

DGRS is categorized as Small Cap Value Equities, while USVM is Momentum. DGRS tracks WisdomTree U.S. SmallCap Quality Dividend Growth Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: WisdomTree and Victory Capital. Their fees differ too: 0.38% for DGRS and 0.29% for USVM.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.18 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.