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DGRW vs. HDLB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DGRW vs. HDLB

Last updated Jun 4, 2026

DGRW (WisdomTree U.S. Quality Dividend Growth Fund) and HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) are both exchange-traded funds - DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index, while HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%). Both are passively managed. Over the past 5 years, DGRW returned 12.17%/yr vs 11.24%/yr for HDLB. A 0.61 correlation means they provide meaningful diversification when combined. DGRW charges 0.28%/yr vs 1.65%/yr for HDLB.

Performance

DGRW vs. HDLB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DGRW achieves a 9.10% return, which is significantly lower than HDLB's 9.69% 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%

HDLB

1D
-1.72%
1M
-4.18%
YTD
9.69%
6M
8.78%
1Y
17.78%
3Y*
26.82%
5Y*
11.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DGRW vs. HDLB - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
DGRW
WisdomTree U.S. Quality Dividend Growth Fund		9.10%12.17%16.98%18.66%-6.33%24.46%13.87%6.25%
HDLB
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B		9.69%27.26%28.21%-4.12%-11.46%62.67%-50.94%7.93%

Correlation

The correlation between DGRW and HDLB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2019

0.61

Over the past year, the correlation between DGRW and HDLB has dropped to 0.32 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree U.S. Quality Dividend Growth Fund

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B

Often compared with DGRW:
DGRW vs. SCHDDGRW vs. DGRODGRW vs. VOODGRW vs. VIGDGRW vs. SPYDGRW vs. VUSA.ASDGRW vs. NOBL
Often compared with HDLB:
HDLB vs. spmoHDLB vs. SPYHDLB vs. USMLHDLB vs. TQQQHDLB vs. FXAIXHDLB vs. SPMOHDLB vs. JGPI.DE

Return for Risk

DGRW vs. HDLB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DGRW
DGRW Risk / Return Rank: 6060
Overall Rank
DGRW Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
DGRW Sortino Ratio Rank: 6565
Sortino Ratio Rank
DGRW Omega Ratio Rank: 6363
Omega Ratio Rank
DGRW Calmar Ratio Rank: 5050
Calmar Ratio Rank
DGRW Martin Ratio Rank: 6161
Martin Ratio Rank
HDLB
HDLB Risk / Return Rank: 2121
Overall Rank
HDLB Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
HDLB Sortino Ratio Rank: 2020
Sortino Ratio Rank
HDLB Omega Ratio Rank: 2020
Omega Ratio Rank
HDLB Calmar Ratio Rank: 2525
Calmar Ratio Rank
HDLB Martin Ratio Rank: 2222
Martin Ratio Rank
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. HDLB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). 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.

DGRWHDLBDifference
Sharpe ratioReturn per unit of total volatility
2.12
0.68

+1.44

Sortino ratioReturn per unit of downside risk
3.09
1.11

+1.98

Omega ratioGain probability vs. loss probability

1.39

1.13

+0.26

Calmar ratioReturn relative to maximum drawdown

2.52

1.23

+1.28

Martin ratioReturn relative to average drawdown

11.03

2.69

+8.33

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. HDLB - Sharpe Ratio Comparison

The current DGRW Sharpe Ratio is 2.12, which is higher than the HDLB Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of DGRW and HDLB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DGRWHDLBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

0.68

+1.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

0.37

+0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

0.10

+0.76

Drawdowns

DGRW vs. HDLB - Drawdown Comparison

The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum HDLB drawdown of -78.70%. Use the drawdown chart below to compare losses from any high point for DGRW and HDLB.

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Drawdown Indicators

DGRWHDLBDifference

Max Drawdown

Largest peak-to-trough decline

-32.04%

-78.70%

+46.66%

Max Drawdown (1Y)

Largest decline over 1 year

-8.30%

-14.50%

+6.20%

Max Drawdown (3Y)

Largest decline over 3 years

-16.21%

-22.46%

+6.25%

Max Drawdown (5Y)

Largest decline over 5 years

-17.27%

-43.81%

+26.54%

Max Drawdown (10Y)

Largest decline over 10 years

-32.04%

—

—

Current Drawdown

Current decline from peak

-0.83%

-14.15%

+13.32%

Average Drawdown

Average peak-to-trough decline

-3.01%

-27.47%

+24.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

6.62%

-4.73%

Volatility

DGRW vs. HDLB - Volatility Comparison

The current volatility for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is 2.47%, while ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a volatility of 6.21%. This indicates that DGRW experiences smaller price fluctuations and is considered to be less risky than HDLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DGRWHDLBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.47%

6.21%

-3.74%

Volatility (6M)

Calculated over the trailing 6-month period

7.64%

18.14%

-10.50%

Volatility (1Y)

Calculated over the trailing 1-year period

9.88%

26.46%

-16.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.97%

30.55%

-16.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.21%

43.58%

-27.37%

DGRW vs. HDLB - Expense Ratio Comparison

DGRW has a 0.28% expense ratio, which is lower than HDLB's 1.65% expense ratio.

Dividends

DGRW vs. HDLB - Dividend Comparison

DGRW's dividend yield for the trailing twelve months is around 1.27%, less than HDLB's 12.13% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
HDLB
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B		12.13%12.20%10.09%12.36%10.86%8.07%16.23%0.97%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DGRW and HDLB have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HDLB has higher volatility (6.21%) compared to DGRW (2.47%). In terms of maximum drawdown, DGRW dropped -32.04% vs HDLB's -78.70%.

On 5-year performance, DGRW leads with 12.17% vs 11.24% for HDLB. 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.

Over the 5-year period, DGRW has performed better with a 12.17% return vs 11.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DGRW is cheaper with a 0.28% expense ratio, compared with 1.65% for HDLB.

HDLB has the higher dividend yield at 12.13%, compared with 1.27% for DGRW.

DGRW is categorized as Dividend, while HDLB is Leveraged Equities. DGRW tracks WisdomTree U.S. Quality Dividend Growth Index, while HDLB tracks Solactive US High Dividend Low Volatility (USD)(TR) (200%). They also come from different issuers: WisdomTree and UBS. Their fees differ too: 0.28% for DGRW and 1.65% for HDLB.

DGRW currently has the higher Sharpe Ratio (2.12 vs 0.68), 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.

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