FYT vs. DGRS

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Small Cap Value AlphaDEX Fund (FYT) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

FYT and DGRS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FYT is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Small Cap Value Index. It was launched on Apr 18, 2011. DGRS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. SmallCap Quality Dividend Growth Index. It was launched on Jul 25, 2013. Both FYT and DGRS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FYT vs. DGRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Small Cap Value AlphaDEX Fund (FYT) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). The values are adjusted to include any dividend payments, if applicable.

FYT vs. DGRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FYT First Trust Small Cap Value AlphaDEX Fund	9.26%	4.00%	3.24%	22.90%	-14.05%	29.33%	9.82%	25.80%	-14.73%	7.14%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	7.71%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	7.25%

Returns By Period

In the year-to-date period, FYT achieves a 9.26% return, which is significantly higher than DGRS's 7.71% return. Both investments have delivered pretty close results over the past 10 years, with FYT having a 9.67% annualized return and DGRS not far behind at 9.19%.

FYT

• 1D: -0.10%
• 1M: -2.41%
• YTD: 9.26%
• 6M: 10.62%
• 1Y: 25.69%
• 3Y*: 12.30%
• 5Y*: 5.52%
• 10Y*: 9.67%

DGRS

• 1D: 0.55%
• 1M: -3.85%
• YTD: 7.71%
• 6M: 7.61%
• 1Y: 16.95%
• 3Y*: 11.33%
• 5Y*: 5.47%
• 10Y*: 9.19%

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

FYT vs. DGRS - Expense Ratio Comparison

FYT has a 0.72% expense ratio, which is higher than DGRS's 0.38% expense ratio.

FYT

First Trust Small Cap Value AlphaDEX Fund

DGRS

WisdomTree U.S. SmallCap Quality Dividend Growth Fund

Return for Risk

FYT vs. DGRS — Risk / Return Rank

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

FYT

FYT Risk / Return Rank: 59
FYT Sharpe Ratio Rank: 57
FYT Sortino Ratio Rank: 61
FYT Omega Ratio Rank: 55
FYT Calmar Ratio Rank: 61
FYT Martin Ratio Rank: 58

DGRS

DGRS Risk / Return Rank: 41
DGRS Sharpe Ratio Rank: 39
DGRS Sortino Ratio Rank: 42
DGRS Omega Ratio Rank: 37
DGRS Calmar Ratio Rank: 45
DGRS Martin Ratio Rank: 42

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.

FYT vs. DGRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Value AlphaDEX Fund (FYT) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). 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.

	FYT	DGRS	Difference
Sharpe ratio Return per unit of total volatility	1.07	0.77	+0.30
Sortino ratio Return per unit of downside risk	1.66	1.25	+0.40
Omega ratio Gain probability vs. loss probability	1.22	1.16	+0.06
Calmar ratio Return relative to maximum drawdown	1.71	1.25	+0.46
Martin ratio Return relative to average drawdown	6.19	4.18	+2.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FYT vs. DGRS - Sharpe Ratio Comparison

The current FYT Sharpe Ratio is 1.07, which is higher than the DGRS Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of FYT and DGRS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FYT	DGRS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	0.77	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.27	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.39	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.39	-0.01

Correlation

The correlation between FYT and DGRS is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FYT vs. DGRS - Dividend Comparison

FYT's dividend yield for the trailing twelve months is around 1.19%, less than DGRS's 2.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FYT First Trust Small Cap Value AlphaDEX Fund	1.19%	0.94%	2.07%	1.50%	1.36%	1.19%	0.96%	1.44%	1.78%	1.16%	1.16%	0.96%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	2.39%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%

Drawdowns

FYT vs. DGRS - Drawdown Comparison

The maximum FYT drawdown since its inception was -50.48%, which is greater than DGRS's maximum drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for FYT and DGRS.

Drawdown Indicators

	FYT	DGRS	Difference
Max Drawdown Largest peak-to-trough decline	-50.48%	-44.83%	-5.65%
Max Drawdown (1Y) Largest decline over 1 year	-15.05%	-14.03%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-28.90%	-27.57%	-1.33%
Max Drawdown (10Y) Largest decline over 10 years	-50.48%	-44.83%	-5.65%
Current Drawdown Current decline from peak	-4.13%	-5.39%	+1.26%
Average Drawdown Average peak-to-trough decline	-8.62%	-6.80%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	4.19%	-0.04%

Volatility

FYT vs. DGRS - Volatility Comparison

First Trust Small Cap Value AlphaDEX Fund (FYT) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) have volatilities of 4.66% and 4.78%, 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

	FYT	DGRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	4.78%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	12.48%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	24.21%	22.24%	+1.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.64%	20.51%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.98%	23.63%	+2.35%