DNL vs. QGRW

Last updated Jun 26, 2026

DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) and QGRW (WisdomTree U.S. Quality Growth Fund) are both exchange-traded funds - DNL is a Foreign Large Cap Equities fund tracking the WisdomTree Global ex-U.S. Quality Dividend Growth Index, while QGRW is a Large Cap Growth Equities fund tracking the WisdomTree U.S. Quality Growth Index. Both are passively managed. Over the past 3 years, DNL returned 10.81%/yr vs 26.28%/yr for QGRW. A 0.69 correlation means they provide meaningful diversification when combined. DNL charges 0.58%/yr vs 0.28%/yr for QGRW.

Performance

DNL vs. QGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and WisdomTree U.S. Quality Growth Fund (QGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DNL achieves a 10.65% return, which is significantly higher than QGRW's 9.00% return.

DNL

• 1D: 0.97%
• 1M: 1.75%
• YTD: 10.65%
• 6M: 10.38%
• 1Y: 17.11%
• 3Y*: 10.81%
• 5Y*: 4.06%
• 10Y*: 9.82%

QGRW

• 1D: -0.08%
• 1M: -3.66%
• YTD: 9.00%
• 6M: 7.55%
• 1Y: 24.69%
• 3Y*: 26.28%
• 5Y*: —
• 10Y*: —

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

DNL vs. QGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	10.65%	17.03%	-0.61%	17.00%	-3.64%
QGRW WisdomTree U.S. Quality Growth Fund	9.00%	19.20%	34.85%	56.05%	-3.07%

Correlation

The correlation between DNL and QGRW is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Dec 15, 2022	0.69

The correlation between DNL and QGRW has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

DNL vs. QGRW - Sectors Allocation Comparison

Sectors	DNL	QGRW
Technology	35.1%	55.0%
Consumer Cyclical	18.3%	11.6%
Industrials	15.9%	7.6%
Healthcare	10.1%	4.4%
Communication Services	6.0%	16.4%
Energy	5.8%	0.5%
Financial Services	4.0%	3.7%
Basic Materials	3.2%	-
Consumer Defensive	1.1%	0.5%
Utilities	0.5%	0.3%
Real Estate	-	-

Return for Risk

DNL vs. QGRW — Risk / Return Rank

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

DNL

DNL Risk / Return Rank: 29
DNL Sharpe Ratio Rank: 27
DNL Sortino Ratio Rank: 27
DNL Omega Ratio Rank: 26
DNL Calmar Ratio Rank: 30
DNL Martin Ratio Rank: 35

QGRW

QGRW Risk / Return Rank: 40
QGRW Sharpe Ratio Rank: 42
QGRW Sortino Ratio Rank: 40
QGRW Omega Ratio Rank: 41
QGRW Calmar Ratio Rank: 36
QGRW Martin Ratio Rank: 42

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.

DNL vs. QGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and WisdomTree U.S. Quality Growth Fund (QGRW). 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.

	DNL	QGRW	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.33	-0.41
Sortino ratio: Return per unit of downside risk	1.39	1.84	-0.45
Omega ratio: Gain probability vs. loss probability	1.17	1.24	-0.07
Calmar ratio: Return relative to maximum drawdown	1.38	1.61	-0.22
Martin ratio: Return relative to average drawdown	4.92	5.97	-1.05

DNL vs. QGRW - Sharpe Ratio Comparison

The current DNL Sharpe Ratio is 0.92, which is lower than the QGRW Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of DNL and QGRW, 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

DNL vs. QGRW - Drawdown Comparison

The maximum DNL drawdown since its inception was -44.53%, which is greater than QGRW's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for DNL and QGRW.

Drawdown Indicators

	DNL	QGRW	Difference
Max Drawdown Largest peak-to-trough decline	-44.53%	-24.40%	-20.13%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-15.44%	+3.02%
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	-24.40%	+4.25%
Max Drawdown (5Y) Largest decline over 5 years	-34.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.85%	—	—
Current Drawdown Current decline from peak	-2.29%	-6.82%	+4.53%
Average Drawdown Average peak-to-trough decline	-10.14%	-3.29%	-6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	4.14%	-0.65%

Volatility

DNL vs. QGRW - Volatility Comparison

The current volatility for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) is 7.16%, while WisdomTree U.S. Quality Growth Fund (QGRW) has a volatility of 7.92%. This indicates that DNL experiences smaller price fluctuations and is considered to be less risky than QGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DNL	QGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	7.92%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	16.16%	15.10%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	18.76%	18.64%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	21.27%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.60%	21.27%	-2.67%

DNL vs. QGRW - Expense Ratio Comparison

DNL has a 0.58% expense ratio, which is higher than QGRW's 0.28% expense ratio.

Dividends

DNL vs. QGRW - Dividend Comparison

DNL's dividend yield for the trailing twelve months is around 1.31%, more than QGRW's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	1.31%	2.06%	2.30%	1.81%	4.82%	1.38%	1.76%	1.93%	2.55%	1.86%	2.51%	1.98%
QGRW WisdomTree U.S. Quality Growth Fund	0.08%	0.09%	0.14%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DNL and QGRW in my portfolio?

DNL and QGRW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DNL or QGRW?

QGRW has higher volatility (7.92%) compared to DNL (7.16%). In terms of maximum drawdown, DNL dropped -44.53% vs QGRW's -24.40%.

Which ETF is better, DNL or QGRW?

On 3-year performance, QGRW leads with 26.28% vs 10.81% for DNL. On fees, QGRW is cheaper at 0.28% per year. On volatility, DNL has been the lower-risk option at 7.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DNL or QGRW?

Over the 3-year period, QGRW has performed better with a 26.28% return vs 10.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DNL or QGRW?

QGRW is cheaper with a 0.28% expense ratio, compared with 0.58% for DNL.

Which ETF pays a higher dividend yield, DNL or QGRW?

DNL has the higher dividend yield at 1.31%, compared with 0.08% for QGRW.

What is the main difference between DNL and QGRW?

DNL is categorized as Foreign Large Cap Equities, while QGRW is Large Cap Growth Equities. DNL tracks WisdomTree Global ex-U.S. Quality Dividend Growth Index, while QGRW tracks WisdomTree U.S. Quality Growth Index. Their fees differ too: 0.58% for DNL and 0.28% for QGRW.

Which has better risk-adjusted returns?

QGRW currently has the higher Sharpe Ratio (1.33 vs 0.92), 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.