HEDJ vs. QGRW

Last updated Jun 26, 2026

HEDJ (WisdomTree Europe Hedged Equity Fund) and QGRW (WisdomTree U.S. Quality Growth Fund) are both exchange-traded funds - HEDJ is a Europe Equities fund tracking the WisdomTree Europe Hedged Equity Index, while QGRW is a Large Cap Growth Equities fund tracking the WisdomTree U.S. Quality Growth Index. Both are passively managed. Over the past 3 years, HEDJ returned 15.55%/yr vs 26.28%/yr for QGRW. A 0.57 correlation means they provide meaningful diversification when combined. HEDJ charges 0.58%/yr vs 0.28%/yr for QGRW.

Performance

HEDJ vs. QGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Europe Hedged Equity Fund (HEDJ) and WisdomTree U.S. Quality Growth Fund (QGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HEDJ having a 8.92% return and QGRW slightly higher at 9.00%.

HEDJ

• 1D: 0.84%
• 1M: 1.91%
• YTD: 8.92%
• 6M: 9.75%
• 1Y: 22.34%
• 3Y*: 15.55%
• 5Y*: 11.27%
• 10Y*: 11.83%

QGRW

• 1D: -0.08%
• 1M: -3.66%
• YTD: 9.00%
• 6M: 7.55%
• 1Y: 24.69%
• 3Y*: 26.28%
• 5Y*: —
• 10Y*: —

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

HEDJ vs. QGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HEDJ WisdomTree Europe Hedged Equity Fund	8.92%	23.55%	5.28%	26.89%	-3.58%
QGRW WisdomTree U.S. Quality Growth Fund	9.00%	19.20%	34.85%	56.05%	-3.07%

Correlation

The correlation between HEDJ and QGRW is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Dec 15, 2022	0.57

The correlation between HEDJ and QGRW has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.

HEDJ vs. QGRW - Sectors Allocation Comparison

Sectors	HEDJ	QGRW
Industrials	23.1%	7.6%
Financial Services	14.5%	3.7%
Consumer Cyclical	14.2%	11.6%
Consumer Defensive	9.7%	0.5%
Healthcare	7.9%	4.4%
Basic Materials	6.8%	-
Communication Services	5.5%	16.4%
Technology	4.8%	55.0%
Energy	3.9%	0.5%
Real Estate	-	-
Utilities	-	0.3%

Return for Risk

HEDJ vs. QGRW — Risk / Return Rank

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

HEDJ

HEDJ Risk / Return Rank: 47
HEDJ Sharpe Ratio Rank: 47
HEDJ Sortino Ratio Rank: 49
HEDJ Omega Ratio Rank: 46
HEDJ Calmar Ratio Rank: 43
HEDJ Martin Ratio Rank: 51

QGRW

QGRW Risk / Return Rank: 40
QGRW Sharpe Ratio Rank: 42
QGRW Sortino Ratio Rank: 40
QGRW Omega Ratio Rank: 41
QGRW Calmar Ratio Rank: 36
QGRW 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.

HEDJ vs. QGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and WisdomTree U.S. Quality Growth Fund (QGRW). 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.

	HEDJ	QGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.33	+0.10
Sortino ratio: Return per unit of downside risk	2.12	1.84	+0.28
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	1.89	1.61	+0.28
Martin ratio: Return relative to average drawdown	7.66	5.97	+1.69

HEDJ vs. QGRW - Sharpe Ratio Comparison

The current HEDJ Sharpe Ratio is 1.43, which is comparable to the QGRW Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of HEDJ and QGRW, 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

HEDJ vs. QGRW - Drawdown Comparison

The maximum HEDJ drawdown since its inception was -38.18%, which is greater than QGRW's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for HEDJ and QGRW.

Drawdown Indicators

	HEDJ	QGRW	Difference
Max Drawdown Largest peak-to-trough decline	-38.18%	-24.40%	-13.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-15.44%	+3.54%
Max Drawdown (3Y) Largest decline over 3 years	-15.93%	-24.40%	+8.47%
Max Drawdown (5Y) Largest decline over 5 years	-22.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.18%	—	—
Current Drawdown Current decline from peak	-0.58%	-6.82%	+6.24%
Average Drawdown Average peak-to-trough decline	-5.90%	-3.29%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	4.14%	-1.22%

Volatility

HEDJ vs. QGRW - Volatility Comparison

The current volatility for WisdomTree Europe Hedged Equity Fund (HEDJ) is 4.77%, while WisdomTree U.S. Quality Growth Fund (QGRW) has a volatility of 7.92%. This indicates that HEDJ experiences smaller price fluctuations and is considered to be less risky than QGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEDJ	QGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	7.92%	-3.15%
Volatility (6M) Calculated over the trailing 6-month period	13.13%	15.10%	-1.97%
Volatility (1Y) Calculated over the trailing 1-year period	15.75%	18.64%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.85%	21.27%	-4.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.17%	21.27%	-3.10%

HEDJ vs. QGRW - Expense Ratio Comparison

HEDJ has a 0.58% expense ratio, which is higher than QGRW's 0.28% expense ratio.

Dividends

HEDJ vs. QGRW - Dividend Comparison

HEDJ's dividend yield for the trailing twelve months is around 1.79%, more than QGRW's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEDJ WisdomTree Europe Hedged Equity Fund	1.79%	1.63%	3.28%	3.31%	2.83%	2.08%	2.65%	1.82%	2.73%	2.27%	2.74%	9.43%
QGRW WisdomTree U.S. Quality Growth Fund	0.08%	0.09%	0.14%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HEDJ and QGRW in my portfolio?

HEDJ and QGRW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HEDJ or QGRW?

QGRW has higher volatility (7.92%) compared to HEDJ (4.77%). In terms of maximum drawdown, HEDJ dropped -38.18% vs QGRW's -24.40%.

Which ETF is better, HEDJ or QGRW?

On 3-year performance, QGRW leads with 26.28% vs 15.55% for HEDJ. On fees, QGRW is cheaper at 0.28% per year. On volatility, HEDJ has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HEDJ or QGRW?

Over the 3-year period, QGRW has performed better with a 26.28% return vs 15.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HEDJ or QGRW?

QGRW is cheaper with a 0.28% expense ratio, compared with 0.58% for HEDJ.

Which ETF pays a higher dividend yield, HEDJ or QGRW?

HEDJ has the higher dividend yield at 1.79%, compared with 0.08% for QGRW.

What is the main difference between HEDJ and QGRW?

HEDJ is categorized as Europe Equities, while QGRW is Large Cap Growth Equities. HEDJ tracks WisdomTree Europe Hedged Equity Index, while QGRW tracks WisdomTree U.S. Quality Growth Index. Their fees differ too: 0.58% for HEDJ and 0.28% for QGRW.

Which has better risk-adjusted returns?

HEDJ currently has the higher Sharpe Ratio (1.43 vs 1.33), 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.