HDV vs. DGRE

Last updated Jun 4, 2026

HDV (iShares Core High Dividend ETF) and DGRE (WisdomTree Emerging Markets Quality Dividend Growth Fund) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while DGRE is a Emerging Markets Equities fund actively managed by WisdomTree. HDV is passively managed, while DGRE is actively managed. Over the past 10 years, HDV returned 9.26%/yr vs 9.71%/yr for DGRE. At a 0.46 correlation, their price movements are largely independent. HDV charges 0.08%/yr vs 0.32%/yr for DGRE.

Performance

HDV vs. DGRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core High Dividend ETF (HDV) 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, HDV achieves a 12.69% return, which is significantly lower than DGRE's 31.30% return. Both investments have delivered pretty close results over the past 10 years, with HDV having a 9.26% annualized return and DGRE not far ahead at 9.71%.

HDV

• 1D: 0.37%
• 1M: 0.29%
• YTD: 12.69%
• 6M: 12.16%
• 1Y: 20.35%
• 3Y*: 14.94%
• 5Y*: 10.32%
• 10Y*: 9.26%

DGRE

• 1D: -0.94%
• 1M: 8.34%
• YTD: 31.30%
• 6M: 36.66%
• 1Y: 58.03%
• 3Y*: 24.56%
• 5Y*: 8.61%
• 10Y*: 9.71%

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

HDV vs. DGRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDV iShares Core High Dividend ETF	12.69%	11.90%	14.16%	1.72%	7.05%	19.45%	-6.48%	20.22%	-3.01%	13.40%
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	31.30%	27.47%	3.63%	18.46%	-21.86%	2.55%	10.85%	21.12%	-16.36%	33.61%

Correlation

The correlation between HDV and DGRE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Aug 2, 2013	0.46

Over the past year, the correlation between HDV and DGRE has dropped to 0.12 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

HDV vs. DGRE - Sectors Allocation Comparison

Sectors	HDV	DGRE
Consumer Defensive	24.1%	2.3%
Energy	22.3%	1.1%
Healthcare	16.5%	2.6%
Financial Services	11.1%	11.8%
Utilities	9.2%	0.9%
Technology	8.2%	38.6%
Consumer Cyclical	6.1%	2.7%
Industrials	1.4%	7.8%
Basic Materials	1.2%	4.4%
Communication Services	0.1%	0.8%
Real Estate	-	0.3%

Return for Risk

HDV vs. DGRE — Risk / Return Rank

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

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 61
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 76
HDV Martin Ratio Rank: 61

DGRE

DGRE Risk / Return Rank: 84
DGRE Sharpe Ratio Rank: 87
DGRE Sortino Ratio Rank: 82
DGRE Omega Ratio Rank: 85
DGRE Calmar Ratio Rank: 81
DGRE Martin Ratio Rank: 84

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.

HDV vs. DGRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.

	HDV	DGRE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.91	-0.80
Sortino ratio: Return per unit of downside risk	3.11	3.72	-0.61
Omega ratio: Gain probability vs. loss probability	1.36	1.52	-0.16
Calmar ratio: Return relative to maximum drawdown	3.95	4.26	-0.32
Martin ratio: Return relative to average drawdown	11.02	17.40	-6.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDV vs. DGRE - Sharpe Ratio Comparison

The current HDV Sharpe Ratio is 2.10, which is comparable to the DGRE Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of HDV 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.

Sharpe Ratios by Period

	HDV	DGRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.91	-0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.48	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.50	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.32	+0.40

Drawdowns

HDV vs. DGRE - Drawdown Comparison

The maximum HDV drawdown since its inception was -37.04%, roughly equal to the maximum DGRE drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for HDV and DGRE.

Drawdown Indicators

	HDV	DGRE	Difference
Max Drawdown Largest peak-to-trough decline	-37.04%	-36.95%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-13.68%	+8.50%
Max Drawdown (3Y) Largest decline over 3 years	-10.49%	-20.65%	+10.16%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	-34.82%	+19.40%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	-36.95%	-0.09%
Current Drawdown Current decline from peak	-2.54%	-0.94%	-1.60%
Average Drawdown Average peak-to-trough decline	-3.09%	-12.00%	+8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	3.34%	-1.49%

Volatility

HDV vs. DGRE - Volatility Comparison

The current volatility for iShares Core High Dividend ETF (HDV) is 3.19%, while WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) has a volatility of 8.88%. This indicates that HDV 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

	HDV	DGRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	8.88%	-5.69%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	17.97%	-10.41%
Volatility (1Y) Calculated over the trailing 1-year period	9.73%	20.08%	-10.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	18.11%	-5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	19.64%	-3.91%

HDV vs. DGRE - Expense Ratio Comparison

HDV has a 0.08% expense ratio, which is lower than DGRE's 0.32% expense ratio.

Dividends

HDV vs. DGRE - Dividend Comparison

HDV's dividend yield for the trailing twelve months is around 2.91%, more than DGRE's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund	1.18%	1.65%	1.90%	2.22%	4.38%	2.56%	2.11%	2.32%	2.71%	3.12%	3.18%	3.01%
HDV iShares Core High Dividend ETF	2.91%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both HDV and DGRE in my portfolio?

HDV and DGRE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDV or DGRE?

DGRE has higher volatility (8.88%) compared to HDV (3.19%). In terms of maximum drawdown, HDV dropped -37.04% vs DGRE's -36.95%.

Which ETF is better, HDV or DGRE?

On 10-year performance, DGRE leads with 9.71% vs 9.26% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDV or DGRE?

Over the 10-year period, DGRE has performed better with a 9.71% return vs 9.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDV or DGRE?

HDV is cheaper with a 0.08% expense ratio, compared with 0.32% for DGRE.

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

HDV has the higher dividend yield at 2.91%, compared with 1.18% for DGRE.

What is the main difference between HDV and DGRE?

HDV is categorized as Dividend, while DGRE is Emerging Markets Equities. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.08% for HDV and 0.32% for DGRE.

Which has better risk-adjusted returns?

DGRE currently has the higher Sharpe Ratio (2.91 vs 2.10), 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.