DGRW vs. QUAL

Last updated Jun 14, 2026

DGRW (WisdomTree U.S. Quality Dividend Growth Fund) and QUAL (iShares MSCI USA Quality Factor ETF) are both exchange-traded funds - DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index, while QUAL is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past 10 years, DGRW returned 14.13%/yr vs 14.46%/yr for QUAL. Their correlation of 0.93 suggests significant overlap in exposure. DGRW charges 0.28%/yr vs 0.15%/yr for QUAL.

Performance

DGRW vs. QUAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and iShares MSCI USA Quality Factor ETF (QUAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRW achieves a 7.88% return, which is significantly lower than QUAL's 9.44% return. Both investments have delivered pretty close results over the past 10 years, with DGRW having a 14.13% annualized return and QUAL not far ahead at 14.46%.

DGRW

• 1D: 0.50%
• 1M: -0.55%
• YTD: 7.88%
• 6M: 7.92%
• 1Y: 18.88%
• 3Y*: 15.58%
• 5Y*: 11.95%
• 10Y*: 14.13%

QUAL

• 1D: 0.47%
• 1M: 2.14%
• YTD: 9.44%
• 6M: 9.29%
• 1Y: 22.87%
• 3Y*: 19.30%
• 5Y*: 11.97%
• 10Y*: 14.46%

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

DGRW vs. QUAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRW WisdomTree U.S. Quality Dividend Growth Fund	7.88%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%
QUAL iShares MSCI USA Quality Factor ETF	9.44%	12.65%	22.29%	30.88%	-20.50%	26.94%	17.04%	33.89%	-5.70%	22.26%

Correlation

The correlation between DGRW and QUAL 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 (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 18, 2013	0.93

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

DGRW vs. QUAL - Sectors Allocation Comparison

Sectors	DGRW	QUAL
Technology	32.1%	38.8%
Healthcare	12.8%	8.7%
Financial Services	11.3%	10.8%
Communication Services	10.1%	11.8%
Industrials	9.9%	7.2%
Consumer Cyclical	7.1%	9.3%
Consumer Defensive	6.7%	4.4%
Energy	5.0%	3.2%
Basic Materials	3.3%	1.9%
Utilities	0.2%	2.1%
Real Estate	-	1.8%

Return for Risk

DGRW vs. QUAL — Risk / Return Rank

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

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 60
DGRW Sortino Ratio Rank: 63
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 49
DGRW Martin Ratio Rank: 60

QUAL

QUAL Risk / Return Rank: 59
QUAL Sharpe Ratio Rank: 59
QUAL Sortino Ratio Rank: 60
QUAL Omega Ratio Rank: 56
QUAL Calmar Ratio Rank: 53
QUAL Martin Ratio Rank: 67

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. QUAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and iShares MSCI USA Quality Factor ETF (QUAL). 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	QUAL	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.74	+0.02
Sortino ratio: Return per unit of downside risk	2.53	2.46	+0.06
Omega ratio: Gain probability vs. loss probability	1.32	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	2.15	2.32	-0.17
Martin ratio: Return relative to average drawdown	9.28	10.60	-1.32

DGRW vs. QUAL - Sharpe Ratio Comparison

The current DGRW Sharpe Ratio is 1.76, which is comparable to the QUAL Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of DGRW and QUAL, 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. QUAL - Drawdown Comparison

The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for DGRW and QUAL.

Drawdown Indicators

	DGRW	QUAL	Difference
Max Drawdown Largest peak-to-trough decline	-32.04%	-34.06%	+2.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-9.03%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	-16.21%	-18.00%	+1.79%
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	-28.23%	+10.96%
Max Drawdown (10Y) Largest decline over 10 years	-32.04%	-34.06%	+2.02%
Current Drawdown Current decline from peak	-1.93%	-0.19%	-1.74%
Average Drawdown Average peak-to-trough decline	-3.01%	-4.10%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.99%	-0.07%

Volatility

DGRW vs. QUAL - Volatility Comparison

The current volatility for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is 3.41%, while iShares MSCI USA Quality Factor ETF (QUAL) has a volatility of 3.63%. This indicates that DGRW experiences smaller price fluctuations and is considered to be less risky than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRW	QUAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	3.63%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	8.04%	9.43%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	12.10%	-1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.01%	17.36%	-3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	18.11%	-1.88%

DGRW vs. QUAL - Expense Ratio Comparison

DGRW has a 0.28% expense ratio, which is higher than QUAL's 0.15% expense ratio.

Dividends

DGRW vs. QUAL - Dividend Comparison

DGRW's dividend yield for the trailing twelve months is around 1.28%, more than QUAL's 0.87% 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%
QUAL iShares MSCI USA Quality Factor ETF	0.87%	0.94%	1.02%	1.23%	1.59%	1.20%	1.39%	1.60%	2.00%	1.76%	1.96%	1.63%

Frequently Asked Questions

Can I hold both DGRW and QUAL in my portfolio?

With a correlation of 0.91, DGRW and QUAL 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, DGRW or QUAL?

QUAL has higher volatility (3.63%) compared to DGRW (3.41%). In terms of maximum drawdown, DGRW dropped -32.04% vs QUAL's -34.06%.

Which ETF is better, DGRW or QUAL?

On 10-year performance, QUAL leads with 14.46% vs 14.13% for DGRW. On fees, QUAL is cheaper at 0.15% per year. On volatility, DGRW has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRW or QUAL?

Over the 10-year period, QUAL has performed better with a 14.46% return vs 14.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRW or QUAL?

QUAL is cheaper with a 0.15% expense ratio, compared with 0.28% for DGRW.

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

DGRW has the higher dividend yield at 1.28%, compared with 0.87% for QUAL.

What is the main difference between DGRW and QUAL?

DGRW is categorized as Dividend, while QUAL is Large Cap Blend Equities. DGRW tracks WisdomTree U.S. Quality Dividend Growth Index, while QUAL tracks MSCI USA Sector Neutral Quality Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.28% for DGRW and 0.15% for QUAL.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.76 vs 1.74), 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.