IQQQ vs. DGRW
IQQQ (ProShares Nasdaq-100 High Income ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past year, IQQQ returned 26.55% vs 15.00% for DGRW. A 0.78 correlation means they provide meaningful diversification when combined. IQQQ charges 0.55%/yr vs 0.28%/yr for DGRW.
Performance
IQQQ vs. DGRW - Performance Comparison
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Returns By Period
In the year-to-date period, IQQQ achieves a 12.97% return, which is significantly higher than DGRW's 6.48% return.
IQQQ
- 1D
- -0.86%
- 1M
- -4.09%
- YTD
- 12.97%
- 6M
- 11.34%
- 1Y
- 26.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DGRW
- 1D
- 0.05%
- 1M
- -2.35%
- YTD
- 6.48%
- 6M
- 5.33%
- 1Y
- 15.00%
- 3Y*
- 14.72%
- 5Y*
- 11.71%
- 10Y*
- 14.19%
IQQQ vs. DGRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 12.97% | 17.11% | 14.82% |
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 6.48% | 12.17% | 9.28% |
Correlation
The correlation between IQQQ and DGRW is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | 0.78 |
The correlation between IQQQ and DGRW has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
IQQQ vs. DGRW — Risk / Return Rank
IQQQ
DGRW
IQQQ vs. DGRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 High Income ETF (IQQQ) 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.
| IQQQ | DGRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.90 | +0.54 |
| Martin ratioReturn relative to average drawdown | 8.28 | 7.97 | +0.32 |
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Drawdowns
IQQQ vs. DGRW - Drawdown Comparison
The maximum IQQQ drawdown since its inception was -20.41%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for IQQQ and DGRW.
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Drawdown Indicators
| IQQQ | DGRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.41% | -32.04% | +11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -8.30% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.04% | — |
Current DrawdownCurrent decline from peak | -5.13% | -3.20% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -3.01% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 1.98% | +1.30% |
Volatility
IQQQ vs. DGRW - Volatility Comparison
ProShares Nasdaq-100 High Income ETF (IQQQ) has a higher volatility of 8.24% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.72%. This indicates that IQQQ'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
| IQQQ | DGRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 3.72% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 8.21% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 10.26% | +6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 14.00% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 16.19% | +2.86% |
IQQQ vs. DGRW - Expense Ratio Comparison
IQQQ has a 0.55% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Dividends
IQQQ vs. DGRW - Dividend Comparison
IQQQ's dividend yield for the trailing twelve months is around 4.65%, more than DGRW's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 1.29% | 1.43% | 1.55% | 1.74% | 2.15% | 1.78% | 1.93% | 2.20% | 2.42% | 1.71% | 2.13% | 2.18% |
IQQQ ProShares Nasdaq-100 High Income ETF | 4.65% | 10.34% | 7.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQQQ and DGRW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQQQ has higher volatility (8.24%) compared to DGRW (3.72%). In terms of maximum drawdown, IQQQ dropped -20.41% vs DGRW's -32.04%.
On 1-year performance, IQQQ leads with 26.55% vs 15.00% for DGRW. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IQQQ has performed better with a 26.55% return vs 15.00%. 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 0.55% for IQQQ.
IQQQ has the higher dividend yield at 4.65%, compared with 1.29% for DGRW.
IQQQ is categorized as Nasdaq-100, while DGRW is Dividend. IQQQ tracks Nasdaq-100 Daily Covered Call Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.55% for IQQQ and 0.28% for DGRW.
IQQQ currently has the higher Sharpe Ratio (1.60 vs 1.54), 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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