DGRW vs. NOBL

Last updated Aug 2, 2026

DGRW (WisdomTree U.S. Quality Dividend Growth Fund) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - DGRW is a Quality Factor fund tracking the WisdomTree U.S. Quality Dividend Growth Index, while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, DGRW returned 13.71%/yr vs 9.86%/yr for NOBL. Their correlation of 0.87 means they have usually moved in the same direction. DGRW charges 0.28%/yr vs 0.35%/yr for NOBL.

Performance

DGRW vs. NOBL - Performance Comparison

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

Returns By Period

In the year-to-date period, DGRW achieves a 8.57% return, which is significantly lower than NOBL's 10.84% return. Over the past 10 years, DGRW has outperformed NOBL with an annualized return of 13.71%, while NOBL has yielded a comparatively lower 9.86% annualized return.

DGRW

• 1D: 0.49%
• 1M: 0.69%
• 6M: 6.01%
• YTD: 8.57%
• 1Y: 16.02%
• 3Y*: 13.97%
• 5Y*: 11.41%
• 10Y*: 13.71%
• ALL TIME*: 12.94%

NOBL

• 1D: -0.19%
• 1M: -1.09%
• 6M: 4.89%
• YTD: 10.84%
• 1Y: 15.41%
• 3Y*: 8.04%
• 5Y*: 6.49%
• 10Y*: 9.86%
• ALL TIME*: 10.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRW WisdomTree U.S. Quality Dividend Growth Fund	$51.03M	$48.50M	$56.54M
NOBL ProShares S&P 500 Dividend Aristocrats ETF	$66.40M	$66.46M	$60.79M

DGRW vs. NOBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRW WisdomTree U.S. Quality Dividend Growth Fund	8.57%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	10.84%	6.84%	6.72%	8.09%	-6.52%	25.46%	8.35%	27.39%	-3.26%	21.02%

Correlation

The correlation between DGRW and NOBL is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Oct 10, 2013	0.87

Over the past year, the correlation between DGRW and NOBL has dropped to 0.54 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

DGRW vs. NOBL - Sectors Allocation Comparison

Sectors	DGRW	NOBL
Technology	33.8%	4.3%
Healthcare	12.8%	10.8%
Industrials	11.8%	20.3%
Communication Services	11.1%	-
Financial Services	8.4%	13.2%
Consumer Cyclical	8.0%	5.3%
Consumer Defensive	6.7%	23.3%
Energy	4.5%	2.9%
Basic Materials	2.8%	9.4%
Utilities	0.2%	5.7%
Real Estate	-	4.6%

Return for Risk

DGRW vs. NOBL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 62
DGRW Sortino Ratio Rank: 61
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 51
DGRW Martin Ratio Rank: 61

NOBL

NOBL Risk / Return Rank: 47
NOBL Sharpe Ratio Rank: 51
NOBL Sortino Ratio Rank: 55
NOBL Omega Ratio Rank: 47
NOBL Calmar Ratio Rank: 45
NOBL Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DGRW vs. NOBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DGRW	NOBL	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.24	+0.19
Sortino ratio: Return per unit of downside risk	2.04	1.90	+0.14
Omega ratio: Gain probability vs. loss probability	1.26	1.21	+0.05
Calmar ratio: Return relative to maximum drawdown	1.79	1.62	+0.18
Martin ratio: Return relative to average drawdown	7.25	4.10	+3.15

DGRW vs. NOBL - Sharpe Ratio Comparison

The current DGRW Sharpe Ratio is 1.43, which is comparable to the NOBL Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of DGRW and NOBL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGRW vs. NOBL - Drawdown Comparison

The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for DGRW and NOBL.

Drawdown Indicators

	DGRW	NOBL	Difference
Max Drawdown Largest peak-to-trough decline	-32.04%	-35.43%	+3.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-9.11%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-16.21%	-15.36%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	-17.92%	+0.65%
Max Drawdown (10Y) Largest decline over 10 years	-32.04%	-35.43%	+3.39%
Current Drawdown Current decline from peak	-1.31%	-2.31%	+1.00%
Average Drawdown Average peak-to-trough decline	-3.00%	-3.46%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	3.59%	-1.54%

Volatility

DGRW vs. NOBL - Volatility Comparison

The current volatility for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is 2.92%, while ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a volatility of 5.07%. This indicates that DGRW experiences smaller price fluctuations and is considered to be less risky than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRW	NOBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	5.07%	-2.15%
Volatility (6M) Calculated over the trailing 6-month period	8.33%	9.11%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	10.44%	11.92%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.01%	14.48%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	16.63%	-0.45%

DGRW vs. NOBL - Expense Ratio Comparison

DGRW has a 0.28% expense ratio, which is lower than NOBL's 0.35% expense ratio.

Dividends

DGRW vs. NOBL - Dividend Comparison

DGRW's dividend yield for the trailing twelve months is around 1.28%, less than NOBL's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.28%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.04%	2.14%	2.05%	2.09%	1.94%	1.89%	2.14%	1.89%	2.37%	1.74%	2.13%	2.02%

Frequently Asked Questions

Can I hold both DGRW and NOBL in my portfolio?

DGRW and NOBL have a correlation of 0.54, 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 NOBL?

NOBL has higher volatility (5.07%) compared to DGRW (2.92%). In terms of maximum drawdown, DGRW dropped -32.04% vs NOBL's -35.43%.

Which ETF is better, DGRW or NOBL?

On 10-year performance, DGRW leads with 13.71% vs 9.86% for NOBL. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRW or NOBL?

Over the 10-year period, DGRW has performed better with a 13.71% return vs 9.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRW or NOBL?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.35% for NOBL.

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

NOBL has the higher dividend yield at 2.04%, compared with 1.28% for DGRW.

What is the main difference between DGRW and NOBL?

DGRW is categorized as Quality Factor, while NOBL is Dividend. DGRW tracks WisdomTree U.S. Quality Dividend Growth Index, while NOBL tracks S&P 500 Dividend Aristocrats Index. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.28% for DGRW and 0.35% for NOBL.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.43 vs 1.24), 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.