DGRW vs. DXJ

Last updated Jun 4, 2026

DGRW (WisdomTree U.S. Quality Dividend Growth Fund) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, DGRW returned 14.15%/yr vs 18.33%/yr for DXJ. A 0.62 correlation means they provide meaningful diversification when combined. DGRW charges 0.28%/yr vs 0.48%/yr for DXJ.

Performance

DGRW vs. DXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRW achieves a 9.10% return, which is significantly lower than DXJ's 19.64% return. Over the past 10 years, DGRW has underperformed DXJ with an annualized return of 14.15%, while DXJ has yielded a comparatively higher 18.33% annualized return.

DGRW

• 1D: -0.83%
• 1M: 4.06%
• YTD: 9.10%
• 6M: 8.62%
• 1Y: 20.79%
• 3Y*: 16.64%
• 5Y*: 12.17%
• 10Y*: 14.15%

DXJ

• 1D: 0.74%
• 1M: 7.24%
• YTD: 19.64%
• 6M: 24.36%
• 1Y: 53.93%
• 3Y*: 33.15%
• 5Y*: 26.13%
• 10Y*: 18.33%

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

DGRW vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRW WisdomTree U.S. Quality Dividend Growth Fund	9.10%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%
DXJ WisdomTree Japan Hedged Equity Fund	19.64%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between DGRW and DXJ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 23, 2013	0.62

The correlation between DGRW and DXJ shifts across timeframes, from 0.50 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.

DGRW vs. DXJ - Sectors Allocation Comparison

Sectors	DGRW	DXJ
Technology	32.1%	12.9%
Healthcare	12.8%	6.8%
Financial Services	11.3%	18.3%
Communication Services	10.1%	2.7%
Industrials	9.9%	27.4%
Consumer Cyclical	7.1%	15.6%
Consumer Defensive	6.7%	4.7%
Energy	5.0%	1.7%
Basic Materials	3.3%	8.5%
Utilities	0.2%	0.1%
Real Estate	-	-

Return for Risk

DGRW vs. DXJ — Risk / Return Rank

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

DGRW

DGRW Risk / Return Rank: 60
DGRW Sharpe Ratio Rank: 61
DGRW Sortino Ratio Rank: 65
DGRW Omega Ratio Rank: 63
DGRW Calmar Ratio Rank: 50
DGRW Martin Ratio Rank: 61

DXJ

DXJ Risk / Return Rank: 88
DXJ Sharpe Ratio Rank: 89
DXJ Sortino Ratio Rank: 89
DXJ Omega Ratio Rank: 88
DXJ Calmar Ratio Rank: 86
DXJ Martin Ratio Rank: 87

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.

DGRW vs. DXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.

	DGRW	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	2.12	3.11	-0.99
Sortino ratio: Return per unit of downside risk	3.09	4.20	-1.11
Omega ratio: Gain probability vs. loss probability	1.39	1.56	-0.17
Calmar ratio: Return relative to maximum drawdown	2.52	4.94	-2.42
Martin ratio: Return relative to average drawdown	11.03	19.29	-8.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRW vs. DXJ - Sharpe Ratio Comparison

The current DGRW Sharpe Ratio is 2.12, which is lower than the DXJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of DGRW and DXJ, 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

	DGRW	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	3.11	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	1.39	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.91	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.43	+0.43

Drawdowns

DGRW vs. DXJ - Drawdown Comparison

The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for DGRW and DXJ.

Drawdown Indicators

	DGRW	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-32.04%	-49.63%	+17.59%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-10.98%	+2.68%
Max Drawdown (3Y) Largest decline over 3 years	-16.21%	-22.19%	+5.98%
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	-22.19%	+4.92%
Max Drawdown (10Y) Largest decline over 10 years	-32.04%	-39.14%	+7.10%
Current Drawdown Current decline from peak	-0.83%	0.00%	-0.83%
Average Drawdown Average peak-to-trough decline	-3.01%	-14.34%	+11.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.81%	-0.92%

Volatility

DGRW vs. DXJ - Volatility Comparison

The current volatility for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is 2.47%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 3.55%. This indicates that DGRW experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRW	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	3.55%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	13.09%	-5.45%
Volatility (1Y) Calculated over the trailing 1-year period	9.88%	17.44%	-7.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	18.96%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	20.18%	-3.97%

DGRW vs. DXJ - Expense Ratio Comparison

DGRW has a 0.28% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

DGRW vs. DXJ - Dividend Comparison

DGRW's dividend yield for the trailing twelve months is around 1.27%, more than DXJ's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.27%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
DXJ WisdomTree Japan Hedged Equity Fund	1.08%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%

Frequently Asked Questions

Can I hold both DGRW and DXJ in my portfolio?

DGRW and DXJ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRW or DXJ?

DXJ has higher volatility (3.55%) compared to DGRW (2.47%). In terms of maximum drawdown, DGRW dropped -32.04% vs DXJ's -49.63%.

Which ETF is better, DGRW or DXJ?

On 10-year performance, DXJ leads with 18.33% vs 14.15% for DGRW. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRW or DXJ?

Over the 10-year period, DXJ has performed better with a 18.33% return vs 14.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRW or DXJ?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.48% for DXJ.

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

DGRW has the higher dividend yield at 1.27%, compared with 1.08% for DXJ.

What is the main difference between DGRW and DXJ?

DGRW is categorized as Dividend, while DXJ is Japan Equities. DGRW tracks WisdomTree U.S. Quality Dividend Growth Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. Their fees differ too: 0.28% for DGRW and 0.48% for DXJ.

Which has better risk-adjusted returns?

DXJ currently has the higher Sharpe Ratio (3.11 vs 2.12), 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.