FDV vs. DGRW

Last updated Jun 23, 2026

FDV (Federated Hermes U.S. Strategic Dividend ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - FDV is a Large Cap Value Equities fund actively managed by Federated, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. FDV is actively managed, while DGRW is passively managed. Over the past 3 years, FDV returned 14.78%/yr vs 15.46%/yr for DGRW. A 0.66 correlation means they provide meaningful diversification when combined. FDV charges 0.50%/yr vs 0.28%/yr for DGRW.

Performance

FDV vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes U.S. Strategic Dividend ETF (FDV) 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, FDV achieves a 11.72% return, which is significantly higher than DGRW's 7.35% return.

FDV

• 1D: 0.00%
• 1M: 0.00%
• YTD: 11.72%
• 6M: 11.13%
• 1Y: 19.49%
• 3Y*: 14.78%
• 5Y*: —
• 10Y*: —

DGRW

• 1D: -0.32%
• 1M: -0.70%
• YTD: 7.35%
• 6M: 7.02%
• 1Y: 18.84%
• 3Y*: 15.46%
• 5Y*: 12.16%
• 10Y*: 14.25%

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

FDV vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDV Federated Hermes U.S. Strategic Dividend ETF	11.72%	11.01%	14.41%	-2.16%	1.35%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	7.35%	12.17%	16.98%	18.66%	-0.67%

Correlation

The correlation between FDV and DGRW is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 16, 2022	0.66

The correlation between FDV and DGRW shifts across timeframes, from 0.55 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

FDV vs. DGRW - Sectors Allocation Comparison

Sectors	FDV	DGRW
Financial Services	15.7%	11.3%
Utilities	15.1%	0.2%
Healthcare	12.8%	12.8%
Consumer Defensive	12.3%	6.7%
Technology	10.7%	32.1%
Real Estate	9.7%	-
Energy	9.3%	5.0%
Consumer Cyclical	7.7%	7.1%
Industrials	3.1%	9.9%
Communication Services	2.0%	10.1%
Basic Materials	1.7%	3.3%

Return for Risk

FDV vs. DGRW — Risk / Return Rank

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

FDV

FDV Risk / Return Rank: 67
FDV Sharpe Ratio Rank: 63
FDV Sortino Ratio Rank: 69
FDV Omega Ratio Rank: 58
FDV Calmar Ratio Rank: 77
FDV Martin Ratio Rank: 67

DGRW

DGRW Risk / Return Rank: 55
DGRW Sharpe Ratio Rank: 57
DGRW Sortino Ratio Rank: 57
DGRW Omega Ratio Rank: 57
DGRW Calmar Ratio Rank: 47
DGRW Martin Ratio Rank: 57

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.

FDV vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. Strategic Dividend ETF (FDV) 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.

	FDV	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.85	+0.16
Sortino ratio: Return per unit of downside risk	3.02	2.63	+0.39
Omega ratio: Gain probability vs. loss probability	1.35	1.34	+0.01
Calmar ratio: Return relative to maximum drawdown	3.78	2.28	+1.50
Martin ratio: Return relative to average drawdown	12.05	9.75	+2.30

FDV vs. DGRW - Sharpe Ratio Comparison

The current FDV Sharpe Ratio is 2.01, which is comparable to the DGRW Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FDV 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

FDV vs. DGRW - Drawdown Comparison

The maximum FDV drawdown since its inception was -16.70%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for FDV and DGRW.

Drawdown Indicators

	FDV	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-16.70%	-32.04%	+15.34%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-8.30%	+2.60%
Max Drawdown (3Y) Largest decline over 3 years	-12.55%	-16.21%	+3.66%
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	-0.39%	-2.42%	+2.03%
Average Drawdown Average peak-to-trough decline	-3.92%	-3.01%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.94%	-0.15%

Volatility

FDV vs. DGRW - Volatility Comparison

The current volatility for Federated Hermes U.S. Strategic Dividend ETF (FDV) is 2.82%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 3.64%. This indicates that FDV experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDV	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	3.64%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	6.82%	8.21%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.74%	10.27%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	14.01%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	16.24%	-3.59%

FDV vs. DGRW - Expense Ratio Comparison

FDV has a 0.50% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

FDV vs. DGRW - Dividend Comparison

FDV's dividend yield for the trailing twelve months is around 2.56%, more than DGRW's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.29%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
FDV Federated Hermes U.S. Strategic Dividend ETF	2.56%	3.11%	3.12%	3.54%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDV and DGRW in my portfolio?

FDV and DGRW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDV or DGRW?

DGRW has higher volatility (3.64%) compared to FDV (2.82%). In terms of maximum drawdown, FDV dropped -16.70% vs DGRW's -32.04%.

Which ETF is better, FDV or DGRW?

On 3-year performance, DGRW leads with 15.46% vs 14.78% for FDV. On fees, DGRW is cheaper at 0.28% per year. On volatility, FDV has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDV or DGRW?

Over the 3-year period, DGRW has performed better with a 15.46% return vs 14.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDV or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.50% for FDV.

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

FDV has the higher dividend yield at 2.56%, compared with 1.29% for DGRW.

What is the main difference between FDV and DGRW?

FDV is categorized as Large Cap Value Equities, while DGRW is Dividend. They also come from different issuers: Federated and WisdomTree. Their fees differ too: 0.50% for FDV and 0.28% for DGRW.

Which has better risk-adjusted returns?

FDV currently has the higher Sharpe Ratio (2.01 vs 1.85), 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.