HDLB vs. DGRW
HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%), while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 5 years, HDLB returned 12.53%/yr vs 11.78%/yr for DGRW. A 0.60 correlation means they provide meaningful diversification when combined. HDLB charges 1.65%/yr vs 0.28%/yr for DGRW.
Performance
HDLB vs. DGRW - Performance Comparison
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Returns By Period
In the year-to-date period, HDLB achieves a 12.54% return, which is significantly higher than DGRW's 6.36% return.
HDLB
- 1D
- 4.54%
- 1M
- -2.98%
- YTD
- 12.54%
- 6M
- 14.64%
- 1Y
- 18.01%
- 3Y*
- 28.22%
- 5Y*
- 12.53%
- 10Y*
- —
DGRW
- 1D
- -0.92%
- 1M
- -1.62%
- YTD
- 6.36%
- 6M
- 5.72%
- 1Y
- 16.86%
- 3Y*
- 15.10%
- 5Y*
- 11.78%
- 10Y*
- 14.14%
HDLB vs. DGRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 12.54% | 27.26% | 28.21% | -4.12% | -11.46% | 62.67% | -50.94% | 8.33% |
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 6.36% | 12.17% | 16.98% | 18.66% | -6.33% | 24.46% | 13.87% | 6.95% |
Correlation
The correlation between HDLB and DGRW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.60 |
Over the past year, the correlation between HDLB and DGRW has dropped to 0.26 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
HDLB vs. DGRW — Risk / Return Rank
HDLB
DGRW
HDLB vs. DGRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) 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.
| HDLB | DGRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.30 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 2.04 | -0.92 |
| Martin ratioReturn relative to average drawdown | 2.52 | 8.67 | -6.14 |
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Drawdowns
HDLB vs. DGRW - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for HDLB and DGRW.
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Drawdown Indicators
| HDLB | DGRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -32.04% | -46.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -8.30% | -7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -16.21% | -6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | -17.27% | -26.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.04% | — |
Current DrawdownCurrent decline from peak | -11.92% | -3.32% | -8.60% |
Average DrawdownAverage peak-to-trough decline | -27.33% | -3.01% | -24.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.15% | 1.95% | +5.20% |
Volatility
HDLB vs. DGRW - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a higher volatility of 9.49% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.75%. This indicates that HDLB'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.
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Volatility by Period
| HDLB | DGRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.49% | 3.75% | +5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.68% | 8.26% | +11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.28% | 10.30% | +16.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.69% | 14.01% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.52% | 16.21% | +27.31% |
HDLB vs. DGRW - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Dividends
HDLB vs. DGRW - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 11.27%, more than DGRW's 1.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 1.30% | 1.43% | 1.55% | 1.74% | 2.15% | 1.78% | 1.93% | 2.20% | 2.42% | 1.71% | 2.13% | 2.18% |
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 11.27% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDLB and DGRW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDLB has higher volatility (9.49%) compared to DGRW (3.75%). In terms of maximum drawdown, HDLB dropped -78.70% vs DGRW's -32.04%.
On 5-year performance, HDLB leads with 12.53% vs 11.78% for DGRW. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HDLB has performed better with a 12.53% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGRW is cheaper with a 0.28% expense ratio, compared with 1.65% for HDLB.
HDLB has the higher dividend yield at 11.27%, compared with 1.30% for DGRW.
HDLB is categorized as Leveraged Equities, while DGRW is Dividend. HDLB tracks Solactive US High Dividend Low Volatility (USD)(TR) (200%), while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 1.65% for HDLB and 0.28% for DGRW.
DGRW currently has the higher Sharpe Ratio (1.65 vs 0.66), 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.
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