EES vs. DGRW

Last updated Aug 2, 2026

EES (WisdomTree U.S. SmallCap Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - EES is a Small Cap Blend Equities fund tracking the WisdomTree U.S. Small Cap Index, while DGRW is a Quality Factor fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, EES returned 11.05%/yr vs 13.71%/yr for DGRW. Their 0.75 correlation means they have sometimes moved together and sometimes differently. EES charges 0.38%/yr vs 0.28%/yr for DGRW.

Performance

EES vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Fund (EES) 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, EES achieves a 19.30% return, which is significantly higher than DGRW's 8.57% return. Over the past 10 years, EES has underperformed DGRW with an annualized return of 11.05%, while DGRW has yielded a comparatively higher 13.71% annualized return.

EES

• 1D: -0.15%
• 1M: 0.09%
• 6M: 14.07%
• YTD: 19.30%
• 1Y: 35.49%
• 3Y*: 13.58%
• 5Y*: 8.46%
• 10Y*: 11.05%
• ALL TIME*: 8.88%

DGRW

• 1D: 0.49%
• 1M: 0.69%
• 6M: 6.01%
• YTD: 8.57%
• 1Y: 16.02%
• 3Y*: 13.97%
• 5Y*: 11.41%
• 10Y*: 13.71%
• ALL TIME*: 12.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRW WisdomTree U.S. Quality Dividend Growth Fund	$51.03M	$48.50M	$56.54M
EES WisdomTree U.S. SmallCap Fund	$647.35K	$769.12K	$909.42K

EES vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EES WisdomTree U.S. SmallCap Fund	19.30%	6.99%	9.86%	18.53%	-16.18%	34.39%	3.06%	21.68%	-10.12%	12.42%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	8.57%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between EES and DGRW is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.69
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.74
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.75

The correlation between EES and DGRW has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

EES vs. DGRW - Sectors Allocation Comparison

Sectors	EES	DGRW
Financial Services	22.4%	8.4%
Technology	15.6%	33.8%
Consumer Cyclical	13.3%	8.0%
Industrials	12.9%	11.8%
Healthcare	10.1%	12.8%
Energy	6.3%	4.5%
Consumer Defensive	4.8%	6.7%
Real Estate	4.7%	-
Basic Materials	4.7%	2.8%
Communication Services	3.5%	11.1%
Utilities	1.6%	0.2%

Return for Risk

EES vs. DGRW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EES

EES Risk / Return Rank: 86
EES Sharpe Ratio Rank: 84
EES Sortino Ratio Rank: 86
EES Omega Ratio Rank: 82
EES Calmar Ratio Rank: 91
EES Martin Ratio Rank: 87

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 62
DGRW Sortino Ratio Rank: 61
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 51
DGRW Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EES vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) 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.

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.

	EES	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.43	+0.53
Sortino ratio: Return per unit of downside risk	2.85	2.04	+0.80
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	4.12	1.79	+2.32
Martin ratio: Return relative to average drawdown	12.80	7.25	+5.55

EES vs. DGRW - Sharpe Ratio Comparison

The current EES Sharpe Ratio is 1.96, which is higher than the DGRW Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of EES 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.

Drawdowns

EES vs. DGRW - Drawdown Comparison

The maximum EES drawdown since its inception was -63.66%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for EES and DGRW.

Drawdown Indicators

	EES	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-63.66%	-32.04%	-31.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	-8.30%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-27.15%	-16.21%	-10.94%
Max Drawdown (5Y) Largest decline over 5 years	-27.15%	-17.27%	-9.88%
Max Drawdown (10Y) Largest decline over 10 years	-50.52%	-32.04%	-18.48%
Current Drawdown Current decline from peak	-1.33%	-1.31%	-0.02%
Average Drawdown Average peak-to-trough decline	-10.29%	-3.00%	-7.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.05%	+0.51%

Volatility

EES vs. DGRW - Volatility Comparison

WisdomTree U.S. SmallCap Fund (EES) has a higher volatility of 3.32% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 2.92%. This indicates that EES's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EES	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	2.92%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	8.33%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.81%	10.44%	+6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	14.01%	+7.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	16.18%	+7.53%

EES vs. DGRW - Expense Ratio Comparison

EES has a 0.38% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

EES vs. DGRW - Dividend Comparison

EES's dividend yield for the trailing twelve months is around 1.14%, less than DGRW's 1.28% 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%
EES WisdomTree U.S. SmallCap Fund	1.14%	1.29%	1.37%	1.18%	1.12%	1.69%	1.29%	1.31%	1.81%	0.93%	1.02%	1.38%

Frequently Asked Questions

Can I hold both EES and DGRW in my portfolio?

EES and DGRW have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EES or DGRW?

EES has higher volatility (3.32%) compared to DGRW (2.92%). In terms of maximum drawdown, EES dropped -63.66% vs DGRW's -32.04%.

Which ETF is better, EES or DGRW?

On 10-year performance, DGRW leads with 13.71% vs 11.05% for EES. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EES or DGRW?

Over the 10-year period, DGRW has performed better with a 13.71% return vs 11.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EES or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.38% for EES.

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

DGRW has the higher dividend yield at 1.28%, compared with 1.14% for EES.

What is the main difference between EES and DGRW?

EES is categorized as Small Cap Blend Equities, while DGRW is Quality Factor. EES tracks WisdomTree U.S. Small Cap Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. Their fees differ too: 0.38% for EES and 0.28% for DGRW.

Which has better risk-adjusted returns?

EES currently has the higher Sharpe Ratio (1.96 vs 1.43), 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.