ELD vs. DGRW
ELD (WisdomTree Emerging Markets Local Debt Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - ELD is a Emerging Markets Bonds fund actively managed by WisdomTree, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. ELD is actively managed, while DGRW is passively managed. Over the past 10 years, ELD returned 2.86%/yr vs 14.15%/yr for DGRW. At a 0.38 correlation, their price movements are largely independent. ELD charges 0.55%/yr vs 0.28%/yr for DGRW.
Performance
ELD vs. DGRW - Performance Comparison
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Returns By Period
In the year-to-date period, ELD achieves a 0.74% return, which is significantly lower than DGRW's 9.10% return. Over the past 10 years, ELD has underperformed DGRW with an annualized return of 2.86%, while DGRW has yielded a comparatively higher 14.15% annualized return.
ELD
- 1D
- -0.42%
- 1M
- 0.61%
- YTD
- 0.74%
- 6M
- 1.87%
- 1Y
- 10.72%
- 3Y*
- 7.80%
- 5Y*
- 2.31%
- 10Y*
- 2.86%
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%
ELD vs. DGRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 0.74% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 9.10% | 12.17% | 16.98% | 18.66% | -6.33% | 24.46% | 13.87% | 29.54% | -5.38% | 26.90% |
Correlation
The correlation between ELD and DGRW is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 23, 2013 | 0.38 |
The correlation between ELD and DGRW shifts across timeframes, from 0.36 (10 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ELD vs. DGRW — Risk / Return Rank
ELD
DGRW
ELD vs. DGRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) 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.
| ELD | DGRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.52 | -1.01 |
| Martin ratioReturn relative to average drawdown | 5.31 | 11.03 | -5.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELD | DGRW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 2.12 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.88 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.88 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.86 | -0.73 |
Drawdowns
ELD vs. DGRW - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, roughly equal to the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for ELD and DGRW.
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Drawdown Indicators
| ELD | DGRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -32.04% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -8.30% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -10.89% | -16.21% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -17.27% | -6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | -32.04% | +6.89% |
Current DrawdownCurrent decline from peak | -2.75% | -0.83% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -3.01% | -10.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.89% | +0.13% |
Volatility
ELD vs. DGRW - Volatility Comparison
WisdomTree Emerging Markets Local Debt Fund (ELD) has a higher volatility of 2.73% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 2.47%. This indicates that ELD'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.
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Volatility by Period
| ELD | DGRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.47% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 7.64% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.52% | 9.88% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.93% | 13.97% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 16.21% | -4.94% |
ELD vs. DGRW - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Dividends
ELD vs. DGRW - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.82%, 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% |
ELD WisdomTree Emerging Markets Local Debt Fund | 5.82% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
Frequently Asked Questions
ELD and DGRW have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELD has higher volatility (2.73%) compared to DGRW (2.47%). In terms of maximum drawdown, ELD dropped -31.92% vs DGRW's -32.04%.
On 10-year performance, DGRW leads with 14.15% vs 2.86% for ELD. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGRW has performed better with a 14.15% return vs 2.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGRW is cheaper with a 0.28% expense ratio, compared with 0.55% for ELD.
ELD has the higher dividend yield at 5.82%, compared with 1.27% for DGRW.
ELD is categorized as Emerging Markets Bonds, while DGRW is Dividend. Their fees differ too: 0.55% for ELD and 0.28% for DGRW.
DGRW currently has the higher Sharpe Ratio (2.12 vs 1.27), 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.
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