FNDF vs. DGRW

Last updated Jun 14, 2026

FNDF (Schwab Fundamental International Equity ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - FNDF is a Foreign Large Cap Equities fund tracking the RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, FNDF returned 12.34%/yr vs 14.13%/yr for DGRW. A 0.75 correlation means they provide meaningful diversification when combined. FNDF charges 0.25%/yr vs 0.28%/yr for DGRW.

Performance

FNDF vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental International Equity ETF (FNDF) 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, FNDF achieves a 19.66% return, which is significantly higher than DGRW's 7.88% return. Over the past 10 years, FNDF has underperformed DGRW with an annualized return of 12.34%, while DGRW has yielded a comparatively higher 14.13% annualized return.

FNDF

• 1D: 0.39%
• 1M: 0.88%
• YTD: 19.66%
• 6M: 21.60%
• 1Y: 41.60%
• 3Y*: 22.69%
• 5Y*: 13.11%
• 10Y*: 12.34%

DGRW

• 1D: 0.50%
• 1M: -0.55%
• YTD: 7.88%
• 6M: 7.92%
• 1Y: 18.88%
• 3Y*: 15.58%
• 5Y*: 11.95%
• 10Y*: 14.13%

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

FNDF vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNDF Schwab Fundamental International Equity ETF	19.66%	40.99%	2.29%	20.22%	-7.78%	14.97%	3.61%	18.46%	-14.21%	23.98%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	7.88%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between FNDF and DGRW 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	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013	0.75

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

FNDF vs. DGRW - Sectors Allocation Comparison

Sectors	FNDF	DGRW
Financial Services	16.2%	11.3%
Industrials	15.5%	9.9%
Technology	14.4%	32.1%
Basic Materials	11.3%	3.3%
Energy	10.9%	5.0%
Consumer Cyclical	10.8%	7.1%
Consumer Defensive	6.5%	6.7%
Healthcare	5.2%	12.8%
Communication Services	4.9%	10.1%
Utilities	3.5%	0.2%
Real Estate	0.8%	-

Return for Risk

FNDF vs. DGRW — Risk / Return Rank

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

FNDF

FNDF Risk / Return Rank: 85
FNDF Sharpe Ratio Rank: 88
FNDF Sortino Ratio Rank: 85
FNDF Omega Ratio Rank: 86
FNDF Calmar Ratio Rank: 82
FNDF Martin Ratio Rank: 82

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 60
DGRW Sortino Ratio Rank: 63
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 49
DGRW Martin Ratio Rank: 60

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.

FNDF vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Equity ETF (FNDF) 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.

	FNDF	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.53	1.76	+0.77
Sortino ratio: Return per unit of downside risk	3.30	2.53	+0.78
Omega ratio: Gain probability vs. loss probability	1.45	1.32	+0.13
Calmar ratio: Return relative to maximum drawdown	3.82	2.15	+1.67
Martin ratio: Return relative to average drawdown	14.27	9.28	+4.99

FNDF vs. DGRW - Sharpe Ratio Comparison

The current FNDF Sharpe Ratio is 2.53, which is higher than the DGRW Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of FNDF 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

FNDF vs. DGRW - Drawdown Comparison

The maximum FNDF drawdown since its inception was -40.14%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for FNDF and DGRW.

Drawdown Indicators

	FNDF	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-32.04%	-8.10%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-8.30%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	-13.89%	-16.21%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-25.56%	-17.27%	-8.29%
Max Drawdown (10Y) Largest decline over 10 years	-40.14%	-32.04%	-8.10%
Current Drawdown Current decline from peak	-1.94%	-1.93%	-0.01%
Average Drawdown Average peak-to-trough decline	-7.63%	-3.01%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	1.92%	+0.92%

Volatility

FNDF vs. DGRW - Volatility Comparison

Schwab Fundamental International Equity ETF (FNDF) has a higher volatility of 6.65% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.41%. This indicates that FNDF'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

	FNDF	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	3.41%	+3.24%
Volatility (6M) Calculated over the trailing 6-month period	13.64%	8.04%	+5.60%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	10.16%	+5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	14.01%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	16.23%	+1.48%

FNDF vs. DGRW - Expense Ratio Comparison

FNDF has a 0.25% expense ratio, which is lower than DGRW's 0.28% expense ratio.

Dividends

FNDF vs. DGRW - Dividend Comparison

FNDF's dividend yield for the trailing twelve months is around 2.87%, more 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%
FNDF Schwab Fundamental International Equity ETF	2.87%	3.44%	4.01%	3.41%	3.10%	3.54%	2.17%	3.20%	3.47%	2.32%	2.42%	2.08%

Frequently Asked Questions

Can I hold both FNDF and DGRW in my portfolio?

FNDF and DGRW 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, FNDF or DGRW?

FNDF has higher volatility (6.65%) compared to DGRW (3.41%). In terms of maximum drawdown, FNDF dropped -40.14% vs DGRW's -32.04%.

Which ETF is better, FNDF or DGRW?

On 10-year performance, DGRW leads with 14.13% vs 12.34% for FNDF. On fees, FNDF is cheaper at 0.25% per year. On volatility, DGRW has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FNDF or DGRW?

Over the 10-year period, DGRW has performed better with a 14.13% return vs 12.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FNDF or DGRW?

FNDF is cheaper with a 0.25% expense ratio, compared with 0.28% for DGRW.

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

FNDF has the higher dividend yield at 2.87%, compared with 1.28% for DGRW.

What is the main difference between FNDF and DGRW?

FNDF is categorized as Foreign Large Cap Equities, while DGRW is Dividend. FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: Charles Schwab and WisdomTree. Their fees differ too: 0.25% for FNDF and 0.28% for DGRW.

Which has better risk-adjusted returns?

FNDF currently has the higher Sharpe Ratio (2.53 vs 1.76), 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.