DGRW vs. SPYV

Last updated Jun 14, 2026

DGRW (WisdomTree U.S. Quality Dividend Growth Fund) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index, while SPYV is a S&P 500 fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, DGRW returned 14.13%/yr vs 12.08%/yr for SPYV. Their correlation of 0.90 suggests significant overlap in exposure. DGRW charges 0.28%/yr vs 0.04%/yr for SPYV.

Performance

DGRW vs. SPYV - 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 Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DGRW having a 7.88% return and SPYV slightly higher at 8.25%. Over the past 10 years, DGRW has outperformed SPYV with an annualized return of 14.13%, while SPYV has yielded a comparatively lower 12.08% 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%

SPYV

• 1D: 0.69%
• 1M: 1.59%
• YTD: 8.25%
• 6M: 8.02%
• 1Y: 21.87%
• 3Y*: 15.13%
• 5Y*: 10.98%
• 10Y*: 12.08%

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

DGRW vs. SPYV - 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%
SPYV SPDR Portfolio S&P 500 Value ETF	8.25%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%

Correlation

The correlation between DGRW and SPYV is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.90

The correlation between DGRW and SPYV has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

DGRW vs. SPYV - Sectors Allocation Comparison

Sectors	DGRW	SPYV
Technology	32.1%	22.4%
Healthcare	12.8%	11.5%
Financial Services	11.3%	14.5%
Communication Services	10.1%	3.2%
Industrials	9.9%	10.5%
Consumer Cyclical	7.1%	11.1%
Consumer Defensive	6.7%	8.9%
Energy	5.0%	7.0%
Basic Materials	3.3%	3.3%
Utilities	0.2%	4.3%
Real Estate	-	3.4%

Return for Risk

DGRW vs. SPYV — 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

SPYV

SPYV Risk / Return Rank: 75
SPYV Sharpe Ratio Rank: 75
SPYV Sortino Ratio Rank: 76
SPYV Omega Ratio Rank: 73
SPYV Calmar Ratio Rank: 75
SPYV Martin Ratio Rank: 77

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. SPYV - 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 500 Value ETF (SPYV). 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	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.08	-0.32
Sortino ratio: Return per unit of downside risk	2.53	2.92	-0.39
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.15	3.33	-1.18
Martin ratio: Return relative to average drawdown	9.28	12.73	-3.45

DGRW vs. SPYV - Sharpe Ratio Comparison

The current DGRW Sharpe Ratio is 1.76, which is comparable to the SPYV Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of DGRW and SPYV, 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. SPYV - Drawdown Comparison

The maximum DGRW drawdown since its inception was -32.04%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for DGRW and SPYV.

Drawdown Indicators

	DGRW	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-32.04%	-58.45%	+26.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-6.22%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-16.21%	-17.54%	+1.33%
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	-17.89%	+0.62%
Max Drawdown (10Y) Largest decline over 10 years	-32.04%	-36.89%	+4.85%
Current Drawdown Current decline from peak	-1.93%	-0.18%	-1.75%
Average Drawdown Average peak-to-trough decline	-3.01%	-8.71%	+5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.63%	+0.29%

Volatility

DGRW vs. SPYV - Volatility Comparison

WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a higher volatility of 3.41% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.70%. This indicates that DGRW's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRW	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	2.70%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	8.04%	7.26%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	9.97%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.01%	14.42%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	16.94%	-0.71%

DGRW vs. SPYV - Expense Ratio Comparison

DGRW has a 0.28% expense ratio, which is higher than SPYV's 0.04% expense ratio.

Dividends

DGRW vs. SPYV - Dividend Comparison

DGRW's dividend yield for the trailing twelve months is around 1.28%, less than SPYV's 1.68% 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%
SPYV SPDR Portfolio S&P 500 Value ETF	1.68%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both DGRW and SPYV in my portfolio?

DGRW and SPYV have a correlation of 0.86, 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 SPYV?

DGRW has higher volatility (3.41%) compared to SPYV (2.70%). In terms of maximum drawdown, DGRW dropped -32.04% vs SPYV's -58.45%.

Which ETF is better, DGRW or SPYV?

On 10-year performance, DGRW leads with 14.13% vs 12.08% for SPYV. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRW or SPYV?

Over the 10-year period, DGRW has performed better with a 14.13% return vs 12.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRW or SPYV?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.28% for DGRW.

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

SPYV has the higher dividend yield at 1.68%, compared with 1.28% for DGRW.

What is the main difference between DGRW and SPYV?

DGRW is categorized as Dividend, while SPYV is S&P 500. DGRW tracks WisdomTree U.S. Quality Dividend Growth Index, while SPYV tracks S&P 500 Value Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.28% for DGRW and 0.04% for SPYV.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.08 vs 1.76), 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.