IQDY vs. DGRS

Last updated Aug 5, 2026

IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) are both Quality Factor funds - IQDY tracks the Northern Trust International Quality Dividend Dynamic Index while DGRS tracks the WisdomTree U.S. SmallCap Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, IQDY returned 11.47%/yr vs 9.94%/yr for DGRS. Their 0.60 correlation means they have sometimes moved together and sometimes differently. IQDY charges 0.47%/yr vs 0.38%/yr for DGRS.

Performance

IQDY vs. DGRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQDY achieves a 20.32% return, which is significantly lower than DGRS's 25.37% return. Over the past 10 years, IQDY has outperformed DGRS with an annualized return of 11.47%, while DGRS has yielded a comparatively lower 9.94% annualized return.

IQDY

• 1D: 1.67%
• 1M: 2.88%
• 6M: 12.03%
• YTD: 20.32%
• 1Y: 38.36%
• 3Y*: 24.19%
• 5Y*: 12.61%
• 10Y*: 11.47%
• ALL TIME*: 9.03%

DGRS

• 1D: 1.17%
• 1M: 5.00%
• 6M: 14.42%
• YTD: 25.37%
• 1Y: 33.29%
• 3Y*: 14.34%
• 5Y*: 9.02%
• 10Y*: 9.94%
• ALL TIME*: 9.78%

*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)
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	$2.80M	$2.44M	$1.90M
IQDY FlexShares International Quality Dividend Dynamic Index Fund	$942.98K	$558.46K	$430.71K

IQDY vs. DGRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IQDY FlexShares International Quality Dividend Dynamic Index Fund	20.32%	37.44%	5.97%	23.45%	-15.78%	12.00%	9.54%	27.27%	-20.04%	24.06%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	25.37%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	7.25%

Correlation

The correlation between IQDY and DGRS is 0.54, 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.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.63
Correlation (All Time) Calculated using the full available price history since Jul 25, 2013	0.60

The correlation between IQDY and DGRS shifts across timeframes, from 0.54 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

IQDY vs. DGRS - Sectors Allocation Comparison

Sectors	IQDY	DGRS
Financial Services	26.3%	25.5%
Technology	24.3%	9.1%
Industrials	14.2%	19.5%
Consumer Cyclical	8.8%	16.3%
Basic Materials	7.7%	8.0%
Healthcare	5.3%	1.2%
Energy	4.8%	10.0%
Consumer Defensive	2.9%	6.5%
Communication Services	2.5%	2.0%
Utilities	2.1%	0.2%
Real Estate	1.2%	1.9%

Return for Risk

IQDY vs. DGRS — Risk / Return Rank

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

IQDY

IQDY Risk / Return Rank: 84
IQDY Sharpe Ratio Rank: 84
IQDY Sortino Ratio Rank: 80
IQDY Omega Ratio Rank: 83
IQDY Calmar Ratio Rank: 86
IQDY Martin Ratio Rank: 85

DGRS

DGRS Risk / Return Rank: 79
DGRS Sharpe Ratio Rank: 77
DGRS Sortino Ratio Rank: 83
DGRS Omega Ratio Rank: 75
DGRS Calmar Ratio Rank: 83
DGRS 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.

IQDY vs. DGRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) 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.

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.

	IQDY	DGRS	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.97	+0.20
Sortino ratio: Return per unit of downside risk	2.89	3.02	-0.13
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.04
Calmar ratio: Return relative to maximum drawdown	3.70	3.45	+0.25
Martin ratio: Return relative to average drawdown	13.26	11.04	+2.23

IQDY vs. DGRS - Sharpe Ratio Comparison

The current IQDY Sharpe Ratio is 2.17, which is comparable to the DGRS Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of IQDY and DGRS, 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

IQDY vs. DGRS - Drawdown Comparison

The maximum IQDY drawdown since its inception was -39.60%, smaller than the maximum DGRS drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for IQDY and DGRS.

Drawdown Indicators

	IQDY	DGRS	Difference
Max Drawdown Largest peak-to-trough decline	-39.60%	-44.83%	+5.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-9.68%	-0.74%
Max Drawdown (3Y) Largest decline over 3 years	-14.76%	-27.57%	+12.81%
Max Drawdown (5Y) Largest decline over 5 years	-32.30%	-27.57%	-4.73%
Max Drawdown (10Y) Largest decline over 10 years	-39.60%	-44.83%	+5.23%
Current Drawdown Current decline from peak	-0.95%	0.00%	-0.95%
Average Drawdown Average peak-to-trough decline	-9.02%	-6.65%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	3.02%	-0.12%

Volatility

IQDY vs. DGRS - Volatility Comparison

FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 6.18% compared to WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) at 4.14%. This indicates that IQDY's price experiences larger fluctuations and is considered to be riskier than DGRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQDY	DGRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	4.14%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	15.79%	10.64%	+5.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.82%	17.07%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	20.23%	-2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	23.59%	-5.31%

IQDY vs. DGRS - Expense Ratio Comparison

IQDY has a 0.47% expense ratio, which is higher than DGRS's 0.38% expense ratio.

Dividends

IQDY vs. DGRS - Dividend Comparison

IQDY's dividend yield for the trailing twelve months is around 2.92%, more than DGRS's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	1.98%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%
IQDY FlexShares International Quality Dividend Dynamic Index Fund	2.92%	3.26%	6.95%	6.45%	5.52%	3.89%	2.62%	3.85%	5.97%	3.57%	3.77%	4.08%

Frequently Asked Questions

Can I hold both IQDY and DGRS in my portfolio?

IQDY and DGRS have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQDY or DGRS?

IQDY has higher volatility (6.18%) compared to DGRS (4.14%). In terms of maximum drawdown, IQDY dropped -39.60% vs DGRS's -44.83%.

Which ETF is better, IQDY or DGRS?

On 10-year performance, IQDY leads with 11.47% vs 9.94% for DGRS. On fees, DGRS is cheaper at 0.38% per year. On volatility, DGRS has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQDY or DGRS?

Over the 10-year period, IQDY has performed better with a 11.47% return vs 9.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQDY or DGRS?

DGRS is cheaper with a 0.38% expense ratio, compared with 0.47% for IQDY.

Which ETF pays a higher dividend yield, IQDY or DGRS?

IQDY has the higher dividend yield at 2.92%, compared with 1.98% for DGRS.

What is the main difference between IQDY and DGRS?

IQDY tracks Northern Trust International Quality Dividend Dynamic Index, while DGRS tracks WisdomTree U.S. SmallCap Quality Dividend Growth Index. They also come from different issuers: Northern Trust and WisdomTree. Their fees differ too: 0.47% for IQDY and 0.38% for DGRS.

Which has better risk-adjusted returns?

IQDY currently has the higher Sharpe Ratio (2.17 vs 1.97), 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.