DGRW vs. SPX5.L

Last updated Jun 14, 2026

DGRW (WisdomTree U.S. Quality Dividend Growth Fund) and SPX5.L (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index, while SPX5.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, DGRW returned 14.13%/yr vs 15.20%/yr for SPX5.L. A 0.58 correlation means they provide meaningful diversification when combined. DGRW charges 0.28%/yr vs 0.09%/yr for SPX5.L.

Performance

DGRW vs. SPX5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and SPDR S&P 500 UCITS ETF (SPX5.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DGRW is traded in USD, while SPX5.L is traded in GBP. To make them comparable, the SPX5.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with DGRW having a 7.88% return and SPX5.L slightly higher at 8.27%. Over the past 10 years, DGRW has underperformed SPX5.L with an annualized return of 14.13%, while SPX5.L has yielded a comparatively higher 15.20% 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%

SPX5.L

• 1D: 1.31%
• 1M: -0.40%
• YTD: 8.27%
• 6M: 9.40%
• 1Y: 25.12%
• 3Y*: 20.67%
• 5Y*: 13.20%
• 10Y*: 15.20%

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

DGRW vs. SPX5.L - 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%
SPX5.L SPDR S&P 500 UCITS ETF	8.27%	17.59%	25.34%	26.07%	-18.73%	29.78%	17.00%	31.40%	-5.69%	21.25%

Correlation

The correlation between DGRW and SPX5.L is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.58

The correlation between DGRW and SPX5.L has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.

DGRW vs. SPX5.L - Sectors Allocation Comparison

Sectors	DGRW	SPX5.L
Technology	32.1%	35.6%
Healthcare	12.8%	8.5%
Financial Services	11.3%	11.8%
Communication Services	10.1%	11.2%
Industrials	9.9%	8.3%
Consumer Cyclical	7.1%	10.1%
Consumer Defensive	6.7%	4.9%
Energy	5.0%	3.5%
Basic Materials	3.3%	1.8%
Utilities	0.2%	2.3%
Real Estate	-	1.9%

Return for Risk

DGRW vs. SPX5.L — 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

SPX5.L

SPX5.L Risk / Return Rank: 83
SPX5.L Sharpe Ratio Rank: 86
SPX5.L Sortino Ratio Rank: 84
SPX5.L Omega Ratio Rank: 85
SPX5.L Calmar Ratio Rank: 80
SPX5.L Martin Ratio Rank: 79

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. SPX5.L - 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 S&P 500 UCITS ETF (SPX5.L). 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	SPX5.L	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.11	-0.35
Sortino ratio: Return per unit of downside risk	2.53	3.05	-0.52
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.15	2.77	-0.62
Martin ratio: Return relative to average drawdown	9.28	11.66	-2.38

DGRW vs. SPX5.L - Sharpe Ratio Comparison

The current DGRW Sharpe Ratio is 1.76, which is comparable to the SPX5.L Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of DGRW and SPX5.L, 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. SPX5.L - Drawdown Comparison

The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum SPX5.L drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for DGRW and SPX5.L.

Drawdown Indicators

	DGRW	SPX5.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.04%	-42.43%	+10.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-8.64%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-16.21%	-18.43%	+2.22%
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	-25.18%	+7.91%
Max Drawdown (10Y) Largest decline over 10 years	-32.04%	-33.47%	+1.43%
Current Drawdown Current decline from peak	-1.93%	-2.33%	+0.40%
Average Drawdown Average peak-to-trough decline	-3.01%	-7.97%	+4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.06%	-0.14%

Volatility

DGRW vs. SPX5.L - Volatility Comparison

WisdomTree U.S. Quality Dividend Growth Fund (DGRW) and SPDR S&P 500 UCITS ETF (SPX5.L) have volatilities of 3.41% and 3.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRW	SPX5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	3.28%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.04%	8.31%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	11.35%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.01%	15.59%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	16.07%	+0.16%

DGRW vs. SPX5.L - Expense Ratio Comparison

DGRW has a 0.28% expense ratio, which is higher than SPX5.L's 0.09% expense ratio.

Dividends

DGRW vs. SPX5.L - Dividend Comparison

DGRW's dividend yield for the trailing twelve months is around 1.28%, more than SPX5.L's 0.90% 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%
SPX5.L SPDR S&P 500 UCITS ETF	0.90%	0.98%	1.03%	1.21%	1.39%	0.98%	1.40%	1.48%	1.71%	1.57%	1.49%	1.68%

Frequently Asked Questions

Can I hold both DGRW and SPX5.L in my portfolio?

DGRW and SPX5.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGRW or SPX5.L?

On fees, SPX5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGRW or SPX5.L?

SPX5.L is cheaper with a 0.09% expense ratio, compared with 0.28% for DGRW.

What is the main difference between DGRW and SPX5.L?

DGRW is categorized as Dividend, while SPX5.L is S&P 500. DGRW tracks WisdomTree U.S. Quality Dividend Growth Index, while SPX5.L tracks S&P 500 Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.28% for DGRW and 0.09% for SPX5.L.