DGRW vs. SPLV
Compare and contrast key facts about WisdomTree U.S. Dividend Growth Fund (DGRW) and Invesco S&P 500® Low Volatility ETF (SPLV).
DGRW and SPLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011. Both DGRW and SPLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGRW or SPLV.
Key characteristics
| DGRW | SPLV | |
|---|---|---|
| YTD Return | 6.81% | 4.21% |
| 1Y Return | 20.95% | 4.49% |
| 3Y Return (Ann) | 9.71% | 3.90% |
| 5Y Return (Ann) | 14.05% | 6.51% |
| 10Y Return (Ann) | 12.57% | 8.88% |
| Sharpe Ratio | 1.99 | 0.45 |
| Daily Std Dev | 10.37% | 9.49% |
| Max Drawdown | -32.04% | -36.26% |
| Current Drawdown | -1.80% | -2.15% |
Correlation
The correlation between DGRW and SPLV is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DGRW vs. SPLV - Performance Comparison
In the year-to-date period, DGRW achieves a 6.81% return, which is significantly higher than SPLV's 4.21% return. Over the past 10 years, DGRW has outperformed SPLV with an annualized return of 12.57%, while SPLV has yielded a comparatively lower 8.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DGRW vs. SPLV - Expense Ratio Comparison
DGRW has a 0.28% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Risk-Adjusted Performance
DGRW vs. SPLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Dividend Growth Fund (DGRW) and Invesco S&P 500® Low Volatility ETF (SPLV). 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.
Dividends
DGRW vs. SPLV - Dividend Comparison
DGRW's dividend yield for the trailing twelve months is around 1.67%, less than SPLV's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRW WisdomTree U.S. Dividend Growth Fund | 1.67% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.05% |
SPLV Invesco S&P 500® Low Volatility ETF | 2.36% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% | 2.20% | 2.60% |
Drawdowns
DGRW vs. SPLV - Drawdown Comparison
The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for DGRW and SPLV. For additional features, visit the drawdowns tool.
Volatility
DGRW vs. SPLV - Volatility Comparison
WisdomTree U.S. Dividend Growth Fund (DGRW) has a higher volatility of 3.29% compared to Invesco S&P 500® Low Volatility ETF (SPLV) at 2.79%. This indicates that DGRW's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.