IVV vs. DGRW

Last updated Jun 6, 2026

IVV (iShares Core S&P 500 ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, IVV returned 15.21%/yr vs 13.95%/yr for DGRW. Their correlation of 0.94 suggests significant overlap in exposure. IVV charges 0.03%/yr vs 0.28%/yr for DGRW.

Performance

IVV vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 ETF (IVV) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVV achieves a 8.46% return, which is significantly higher than DGRW's 7.74% return. Over the past 10 years, IVV has outperformed DGRW with an annualized return of 15.21%, while DGRW has yielded a comparatively lower 13.95% annualized return.

IVV

• 1D: -2.62%
• 1M: 0.47%
• YTD: 8.46%
• 6M: 8.18%
• 1Y: 25.86%
• 3Y*: 21.53%
• 5Y*: 13.39%
• 10Y*: 15.21%

DGRW

• 1D: -1.94%
• 1M: 0.85%
• YTD: 7.74%
• 6M: 7.39%
• 1Y: 19.75%
• 3Y*: 16.35%
• 5Y*: 11.89%
• 10Y*: 13.95%

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

IVV vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVV iShares Core S&P 500 ETF	8.46%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	7.74%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between IVV and DGRW is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 23, 2013	0.94

The correlation between IVV and DGRW has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

IVV vs. DGRW - Sectors Allocation Comparison

Sectors	IVV	DGRW
Technology	35.6%	32.1%
Financial Services	11.8%	11.3%
Communication Services	11.2%	10.1%
Consumer Cyclical	10.1%	7.1%
Healthcare	8.5%	12.8%
Industrials	8.3%	9.9%
Consumer Defensive	4.9%	6.7%
Energy	3.5%	5.0%
Utilities	2.4%	0.2%
Real Estate	1.9%	-
Basic Materials	1.8%	3.3%

Return for Risk

IVV vs. DGRW — Risk / Return Rank

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

IVV

IVV Risk / Return Rank: 66
IVV Sharpe Ratio Rank: 66
IVV Sortino Ratio Rank: 63
IVV Omega Ratio Rank: 66
IVV Calmar Ratio Rank: 60
IVV Martin Ratio Rank: 73

DGRW

DGRW Risk / Return Rank: 58
DGRW Sharpe Ratio Rank: 60
DGRW Sortino Ratio Rank: 62
DGRW Omega Ratio Rank: 61
DGRW Calmar Ratio Rank: 49
DGRW Martin Ratio Rank: 60

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.

IVV vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.

	IVV	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.97	+0.18
Sortino ratio: Return per unit of downside risk	2.89	2.82	+0.06
Omega ratio: Gain probability vs. loss probability	1.39	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	2.92	2.39	+0.53
Martin ratio: Return relative to average drawdown	13.52	10.45	+3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVV vs. DGRW - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 2.15, which is comparable to the DGRW Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of IVV and DGRW, 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

	IVV	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.97	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.85	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.86	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.85	-0.40

Drawdowns

IVV vs. DGRW - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for IVV and DGRW.

Drawdown Indicators

	IVV	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-32.04%	-23.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-8.30%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-16.21%	-2.54%
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	-17.27%	-7.26%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	-32.04%	-1.86%
Current Drawdown Current decline from peak	-2.90%	-2.06%	-0.84%
Average Drawdown Average peak-to-trough decline	-10.78%	-3.01%	-7.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.89%	+0.03%

Volatility

IVV vs. DGRW - Volatility Comparison

iShares Core S&P 500 ETF (IVV) has a higher volatility of 3.78% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.05%. This indicates that IVV'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.

Volatility by Period

	IVV	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.05%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	7.92%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	10.09%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	13.99%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	16.22%	+1.85%

IVV vs. DGRW - Expense Ratio Comparison

IVV has a 0.03% expense ratio, which is lower than DGRW's 0.28% expense ratio.

Dividends

IVV vs. DGRW - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.09%, less than DGRW's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.28%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
IVV iShares Core S&P 500 ETF	1.09%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both IVV and DGRW in my portfolio?

With a correlation of 0.90, IVV and DGRW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IVV or DGRW?

IVV has higher volatility (3.78%) compared to DGRW (3.05%). In terms of maximum drawdown, IVV dropped -55.25% vs DGRW's -32.04%.

Which ETF is better, IVV or DGRW?

On 10-year performance, IVV leads with 15.21% vs 13.95% for DGRW. On fees, IVV is cheaper at 0.03% per year. On volatility, DGRW has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVV or DGRW?

Over the 10-year period, IVV has performed better with a 15.21% return vs 13.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVV or DGRW?

IVV is cheaper with a 0.03% expense ratio, compared with 0.28% for DGRW.

Which ETF pays a higher dividend yield, IVV or DGRW?

DGRW has the higher dividend yield at 1.28%, compared with 1.09% for IVV.

What is the main difference between IVV and DGRW?

IVV is categorized as S&P 500, while DGRW is Dividend. IVV tracks S&P 500 Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.03% for IVV and 0.28% for DGRW.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (2.15 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.