DGRW vs. SPMD
DGRW (WisdomTree U.S. Quality Dividend Growth Fund) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both exchange-traded funds - DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index, while SPMD is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Both are passively managed. Over the past 10 years, DGRW returned 14.13%/yr vs 11.78%/yr for SPMD. A 0.80 correlation means they provide meaningful diversification when combined. DGRW charges 0.28%/yr vs 0.05%/yr for SPMD.
Performance
DGRW vs. SPMD - Performance Comparison
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Returns By Period
In the year-to-date period, DGRW achieves a 7.88% return, which is significantly lower than SPMD's 15.51% return. Over the past 10 years, DGRW has outperformed SPMD with an annualized return of 14.13%, while SPMD has yielded a comparatively lower 11.78% annualized return.
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%
SPMD
- 1D
- 0.73%
- 1M
- 3.56%
- YTD
- 15.51%
- 6M
- 14.03%
- 1Y
- 27.96%
- 3Y*
- 15.42%
- 5Y*
- 8.28%
- 10Y*
- 11.78%
DGRW vs. SPMD - 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% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 15.51% | 7.44% | 13.91% | 16.48% | -13.13% | 24.76% | 13.46% | 25.19% | -10.34% | 15.12% |
Correlation
The correlation between DGRW and SPMD is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.80 |
The correlation between DGRW and SPMD has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
DGRW vs. SPMD — Risk / Return Rank
DGRW
SPMD
DGRW vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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 | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.95 | -0.80 |
| Martin ratioReturn relative to average drawdown | 9.28 | 10.81 | -1.53 |
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Drawdowns
DGRW vs. SPMD - Drawdown Comparison
The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for DGRW and SPMD.
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Drawdown Indicators
| DGRW | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.04% | -57.62% | +25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -8.86% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.21% | -24.08% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -24.08% | +6.81% |
Max Drawdown (10Y)Largest decline over 10 years | -32.04% | -41.86% | +9.82% |
Current DrawdownCurrent decline from peak | -1.93% | 0.00% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -8.11% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.41% | -0.49% |
Volatility
DGRW vs. SPMD - Volatility Comparison
The current volatility for WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is 3.41%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 5.07%. This indicates that DGRW experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGRW | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 5.07% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 11.77% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.16% | 15.91% | -5.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.01% | 19.75% | -5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 21.20% | -4.97% |
DGRW vs. SPMD - Expense Ratio Comparison
DGRW has a 0.28% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Dividends
DGRW vs. SPMD - Dividend Comparison
DGRW's dividend yield for the trailing twelve months is around 1.28%, more than SPMD's 1.21% 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% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.21% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
DGRW and SPMD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMD has higher volatility (5.07%) compared to DGRW (3.41%). In terms of maximum drawdown, DGRW dropped -32.04% vs SPMD's -57.62%.
On 10-year performance, DGRW leads with 14.13% vs 11.78% for SPMD. On fees, SPMD is cheaper at 0.05% 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.
Over the 10-year period, DGRW has performed better with a 14.13% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.05% expense ratio, compared with 0.28% for DGRW.
DGRW has the higher dividend yield at 1.28%, compared with 1.21% for SPMD.
DGRW is categorized as Dividend, while SPMD is Mid Cap Blend Equities. DGRW tracks WisdomTree U.S. Quality Dividend Growth Index, while SPMD tracks S&P MidCap 400 Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.28% for DGRW and 0.05% for SPMD.
DGRW currently has the higher Sharpe Ratio (1.76 vs 1.64), 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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