FGBL.L vs. DGRG.L

Last updated Jul 18, 2026

FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) and DGRG.L (WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc) are both exchange-traded funds - FGBL.L is a Dividend fund tracking the Nasdaq Global High Equity Income NTR Index, while DGRG.L is a Large Cap Blend Equities fund tracking the WisdomTree U.S. Quality Dividend Growth UCITS Index. Both are passively managed. Over the past 10 years, FGBL.L returned 9.29%/yr vs 13.03%/yr for DGRG.L. A 0.66 correlation means they provide meaningful diversification when combined. FGBL.L charges 0.60%/yr vs 0.33%/yr for DGRG.L.

Performance

FGBL.L vs. DGRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) and WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc (DGRG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGBL.L achieves a 13.76% return, which is significantly higher than DGRG.L's 7.24% return. Over the past 10 years, FGBL.L has underperformed DGRG.L with an annualized return of 9.29%, while DGRG.L has yielded a comparatively higher 13.03% annualized return.

FGBL.L

• 1D: 0.26%
• 1M: 1.06%
• 6M: 10.74%
• YTD: 13.76%
• 1Y: 29.77%
• 3Y*: 19.74%
• 5Y*: 12.90%
• 10Y*: 9.29%

DGRG.L

• 1D: -0.35%
• 1M: 0.59%
• 6M: 5.35%
• YTD: 7.24%
• 1Y: 15.27%
• 3Y*: 13.52%
• 5Y*: 11.92%
• 10Y*: 13.03%

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

FGBL.L vs. DGRG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc)	13.76%	30.51%	6.22%	11.15%	3.62%	10.79%	-8.84%	11.01%	-5.93%	11.89%
DGRG.L WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc	7.24%	5.60%	20.13%	12.11%	2.74%	26.71%	8.76%	24.78%	-1.18%	15.61%

Correlation

The correlation between FGBL.L and DGRG.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016	0.66

The correlation between FGBL.L and DGRG.L shifts across timeframes, from 0.46 (3 years) to 0.66 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FGBL.L vs. DGRG.L — Risk / Return Rank

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

FGBL.L

FGBL.L Risk / Return Rank: 95
FGBL.L Sharpe Ratio Rank: 96
FGBL.L Sortino Ratio Rank: 95
FGBL.L Omega Ratio Rank: 95
FGBL.L Calmar Ratio Rank: 94
FGBL.L Martin Ratio Rank: 93

DGRG.L

DGRG.L Risk / Return Rank: 68
DGRG.L Sharpe Ratio Rank: 70
DGRG.L Sortino Ratio Rank: 68
DGRG.L Omega Ratio Rank: 68
DGRG.L Calmar Ratio Rank: 66
DGRG.L Martin Ratio Rank: 68

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.

FGBL.L vs. DGRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) and WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc (DGRG.L). 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.

	FGBL.L	DGRG.L	Difference
Sharpe ratio: Return per unit of total volatility	3.18	1.75	+1.43
Sortino ratio: Return per unit of downside risk	4.29	2.43	+1.86
Omega ratio: Gain probability vs. loss probability	1.57	1.31	+0.26
Calmar ratio: Return relative to maximum drawdown	5.22	2.54	+2.67
Martin ratio: Return relative to average drawdown	18.20	9.30	+8.89

FGBL.L vs. DGRG.L - Sharpe Ratio Comparison

The current FGBL.L Sharpe Ratio is 3.18, which is higher than the DGRG.L Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FGBL.L and DGRG.L, 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

FGBL.L vs. DGRG.L - Drawdown Comparison

The maximum FGBL.L drawdown since its inception was -40.36%, which is greater than DGRG.L's maximum drawdown of -32.36%. Use the drawdown chart below to compare losses from any high point for FGBL.L and DGRG.L.

Drawdown Indicators

	FGBL.L	DGRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.36%	-32.36%	-8.00%
Max Drawdown (1Y) Largest decline over 1 year	-5.68%	-5.98%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.45%	-17.72%	+5.27%
Max Drawdown (5Y) Largest decline over 5 years	-12.45%	-17.72%	+5.27%
Max Drawdown (10Y) Largest decline over 10 years	-29.44%	-22.57%	-6.87%
Current Drawdown Current decline from peak	-0.03%	-0.35%	+0.32%
Average Drawdown Average peak-to-trough decline	-8.01%	-4.55%	-3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.64%	-0.01%

Volatility

FGBL.L vs. DGRG.L - Volatility Comparison

First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) and WisdomTree US Quality Dividend Growth UCITS ETF - USD Acc (DGRG.L) have volatilities of 2.11% and 2.14%, 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

	FGBL.L	DGRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	2.14%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.11%	6.35%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	9.33%	8.79%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.86%	12.55%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.92%	14.21%	-0.29%

FGBL.L vs. DGRG.L - Expense Ratio Comparison

FGBL.L has a 0.60% expense ratio, which is higher than DGRG.L's 0.33% expense ratio.

Dividends

FGBL.L vs. DGRG.L - Dividend Comparison

Neither FGBL.L nor DGRG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FGBL.L and DGRG.L in my portfolio?

FGBL.L and DGRG.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGBL.L or DGRG.L?

On fees, DGRG.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGBL.L or DGRG.L?

DGRG.L is cheaper with a 0.33% expense ratio, compared with 0.60% for FGBL.L.

What is the main difference between FGBL.L and DGRG.L?

FGBL.L is categorized as Dividend, while DGRG.L is Large Cap Blend Equities. FGBL.L tracks Nasdaq Global High Equity Income NTR Index, while DGRG.L tracks WisdomTree U.S. Quality Dividend Growth UCITS Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.60% for FGBL.L and 0.33% for DGRG.L.