GARP vs. DGRE

Last updated Aug 2, 2026

GARP (iShares MSCI USA Quality GARP ETF) and DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) are both Quality Factor funds. GARP is passively managed, while DGRE is actively managed. Over the past 5 years, GARP returned 17.48%/yr vs 8.52%/yr for DGRE. Their 0.59 correlation means they have sometimes moved together and sometimes differently. GARP charges 0.15%/yr vs 0.32%/yr for DGRE.

Performance

GARP vs. DGRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Quality GARP ETF (GARP) and WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GARP achieves a 16.89% return, which is significantly lower than DGRE's 22.89% return.

GARP

• 1D: 0.66%
• 1M: -1.22%
• 6M: 14.45%
• YTD: 16.89%
• 1Y: 31.75%
• 3Y*: 28.85%
• 5Y*: 17.48%
• 10Y*: —
• ALL TIME*: 20.07%

DGRE

• 1D: 0.57%
• 1M: -3.14%
• 6M: 14.70%
• YTD: 22.89%
• 1Y: 42.31%
• 3Y*: 19.58%
• 5Y*: 8.52%
• 10Y*: 8.22%
• ALL TIME*: 5.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	$225.72K	$519.73K	$485.46K
GARP iShares MSCI USA Quality GARP ETF	$25.65M	$25.43M	$23.00M

GARP vs. DGRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GARP iShares MSCI USA Quality GARP ETF	16.89%	21.49%	37.42%	42.86%	-26.75%	27.99%	26.51%
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	22.89%	27.47%	3.63%	18.46%	-21.86%	2.55%	9.39%

Correlation

The correlation between GARP and DGRE is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (All Time) Calculated using the full available price history since Jan 16, 2020	0.59

Over the past year, GARP and DGRE have become more correlated (0.79) than their long-term average of 0.59, meaning their price movements have been converging.

GARP vs. DGRE - Sectors Allocation Comparison

Sectors	GARP	DGRE
Technology	54.7%	38.6%
Communication Services	11.0%	0.8%
Consumer Cyclical	9.1%	2.6%
Financial Services	7.9%	11.8%
Industrials	6.4%	8.0%
Healthcare	5.4%	2.6%
Energy	3.0%	1.1%
Utilities	1.3%	0.9%
Basic Materials	1.1%	4.4%
Real Estate	0.4%	0.3%
Consumer Defensive	-	2.3%

Return for Risk

GARP vs. DGRE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GARP

GARP Risk / Return Rank: 64
GARP Sharpe Ratio Rank: 66
GARP Sortino Ratio Rank: 62
GARP Omega Ratio Rank: 60
GARP Calmar Ratio Rank: 63
GARP Martin Ratio Rank: 66

DGRE

DGRE Risk / Return Rank: 77
DGRE Sharpe Ratio Rank: 76
DGRE Sortino Ratio Rank: 72
DGRE Omega Ratio Rank: 77
DGRE Calmar Ratio Rank: 83
DGRE Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GARP vs. DGRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality GARP ETF (GARP) and WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE). 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.

	GARP	DGRE	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.73	-0.23
Sortino ratio: Return per unit of downside risk	2.08	2.32	-0.25
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	2.19	3.07	-0.88
Martin ratio: Return relative to average drawdown	7.99	9.68	-1.69

GARP vs. DGRE - Sharpe Ratio Comparison

The current GARP Sharpe Ratio is 1.50, which is comparable to the DGRE Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GARP and DGRE, 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

GARP vs. DGRE - Drawdown Comparison

The maximum GARP drawdown since its inception was -31.34%, smaller than the maximum DGRE drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for GARP and DGRE.

Drawdown Indicators

	GARP	DGRE	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-36.95%	+5.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.69%	-13.68%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	-20.65%	-3.08%
Max Drawdown (5Y) Largest decline over 5 years	-30.61%	-33.43%	+2.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.95%	—
Current Drawdown Current decline from peak	-4.34%	-9.16%	+4.82%
Average Drawdown Average peak-to-trough decline	-7.27%	-11.93%	+4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	4.33%	-0.58%

Volatility

GARP vs. DGRE - Volatility Comparison

The current volatility for iShares MSCI USA Quality GARP ETF (GARP) is 5.68%, while WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a volatility of 8.92%. This indicates that GARP experiences smaller price fluctuations and is considered to be less risky than DGRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GARP	DGRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	8.92%	-3.24%
Volatility (6M) Calculated over the trailing 6-month period	16.18%	22.64%	-6.46%
Volatility (1Y) Calculated over the trailing 1-year period	20.02%	24.24%	-4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	19.08%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.92%	19.98%	+3.94%

GARP vs. DGRE - Expense Ratio Comparison

GARP has a 0.15% expense ratio, which is lower than DGRE's 0.32% expense ratio.

Dividends

GARP vs. DGRE - Dividend Comparison

GARP's dividend yield for the trailing twelve months is around 0.27%, less than DGRE's 1.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	1.35%	1.65%	1.90%	2.22%	4.38%	2.56%	2.11%	2.32%	2.71%	3.12%	3.18%	3.01%
GARP iShares MSCI USA Quality GARP ETF	0.27%	0.31%	0.38%	0.75%	1.85%	0.67%	0.75%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GARP and DGRE in my portfolio?

GARP and DGRE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GARP or DGRE?

DGRE has higher volatility (8.92%) compared to GARP (5.68%). In terms of maximum drawdown, GARP dropped -31.34% vs DGRE's -36.95%.

Which ETF is better, GARP or DGRE?

On 5-year performance, GARP leads with 17.48% vs 8.52% for DGRE. On fees, GARP is cheaper at 0.15% per year. On volatility, GARP has been the lower-risk option at 5.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GARP or DGRE?

Over the 5-year period, GARP has performed better with a 17.48% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GARP or DGRE?

GARP is cheaper with a 0.15% expense ratio, compared with 0.32% for DGRE.

Which ETF pays a higher dividend yield, GARP or DGRE?

DGRE has the higher dividend yield at 1.35%, compared with 0.27% for GARP.

What is the main difference between GARP and DGRE?

They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for GARP and 0.32% for DGRE.

Which has better risk-adjusted returns?

DGRE currently has the higher Sharpe Ratio (1.73 vs 1.50), 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.