DIVG vs. DGRW

Last updated Jun 4, 2026

DIVG (Invesco S&P 500 High Dividend Growers ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - DIVG is a S&P 500 fund tracking the S&P 500 High Dividend Growth Index - Benchmark TR Gross, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past year, DIVG returned 20.94% vs 20.79% for DGRW. A 0.71 correlation means they provide meaningful diversification when combined. DIVG charges 0.39%/yr vs 0.28%/yr for DGRW.

Performance

DIVG vs. DGRW - Performance Comparison

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

Returns By Period

In the year-to-date period, DIVG achieves a 10.58% return, which is significantly higher than DGRW's 9.10% return.

DIVG

• 1D: -0.63%
• 1M: 0.59%
• YTD: 10.58%
• 6M: 10.78%
• 1Y: 20.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DGRW

• 1D: -0.83%
• 1M: 4.06%
• YTD: 9.10%
• 6M: 8.62%
• 1Y: 20.79%
• 3Y*: 16.64%
• 5Y*: 12.17%
• 10Y*: 14.15%

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

DIVG vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DIVG Invesco S&P 500 High Dividend Growers ETF	10.58%	11.31%	16.60%	5.71%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	9.10%	12.17%	16.98%	4.72%

Correlation

The correlation between DIVG and DGRW is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	0.71

The correlation between DIVG and DGRW has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

DIVG vs. DGRW - Sectors Allocation Comparison

Sectors	DIVG	DGRW
Financial Services	27.4%	11.3%
Consumer Defensive	14.6%	6.7%
Utilities	13.2%	0.2%
Real Estate	12.1%	-
Energy	7.6%	5.0%
Technology	7.6%	32.1%
Industrials	7.1%	9.9%
Basic Materials	5.5%	3.3%
Healthcare	5.2%	12.8%
Communication Services	3.1%	10.1%
Consumer Cyclical	2.3%	7.1%

Return for Risk

DIVG vs. DGRW — Risk / Return Rank

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

DIVG

DIVG Risk / Return Rank: 65
DIVG Sharpe Ratio Rank: 58
DIVG Sortino Ratio Rank: 61
DIVG Omega Ratio Rank: 54
DIVG Calmar Ratio Rank: 79
DIVG Martin Ratio Rank: 70

DGRW

DGRW Risk / Return Rank: 60
DGRW Sharpe Ratio Rank: 61
DGRW Sortino Ratio Rank: 65
DGRW Omega Ratio Rank: 63
DGRW Calmar Ratio Rank: 50
DGRW Martin Ratio Rank: 61

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.

DIVG vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Growers ETF (DIVG) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.

	DIVG	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.12	-0.14
Sortino ratio: Return per unit of downside risk	2.90	3.09	-0.19
Omega ratio: Gain probability vs. loss probability	1.34	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	4.10	2.52	+1.59
Martin ratio: Return relative to average drawdown	13.12	11.03	+2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVG vs. DGRW - Sharpe Ratio Comparison

The current DIVG Sharpe Ratio is 1.97, which is comparable to the DGRW Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of DIVG and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DIVG	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.12	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.86	+0.54

Drawdowns

DIVG vs. DGRW - Drawdown Comparison

The maximum DIVG drawdown since its inception was -14.95%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for DIVG and DGRW.

Drawdown Indicators

	DIVG	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-32.04%	+17.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-8.30%	+3.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-1.20%	-0.83%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.29%	-3.01%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.89%	-0.29%

Volatility

DIVG vs. DGRW - Volatility Comparison

Invesco S&P 500 High Dividend Growers ETF (DIVG) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW) have volatilities of 2.53% and 2.47%, 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

	DIVG	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	2.47%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.33%	7.64%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	9.88%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	13.97%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.19%	16.21%	-3.02%

DIVG vs. DGRW - Expense Ratio Comparison

DIVG has a 0.39% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

DIVG vs. DGRW - Dividend Comparison

DIVG's dividend yield for the trailing twelve months is around 3.10%, more than DGRW's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.27%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
DIVG Invesco S&P 500 High Dividend Growers ETF	3.10%	3.15%	4.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVG and DGRW in my portfolio?

DIVG and DGRW have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVG or DGRW?

DIVG has higher volatility (2.53%) compared to DGRW (2.47%). In terms of maximum drawdown, DIVG dropped -14.95% vs DGRW's -32.04%.

Which ETF is better, DIVG or DGRW?

On 1-year performance, DIVG leads with 20.94% vs 20.79% for DGRW. On fees, DGRW is cheaper at 0.28% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVG or DGRW?

Over the 1-year period, DIVG has performed better with a 20.94% return vs 20.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVG or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.39% for DIVG.

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

DIVG has the higher dividend yield at 3.10%, compared with 1.27% for DGRW.

What is the main difference between DIVG and DGRW?

DIVG is categorized as S&P 500, while DGRW is Dividend. DIVG tracks S&P 500 High Dividend Growth Index - Benchmark TR Gross, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.39% for DIVG and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (2.12 vs 1.97), 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.