IWLG vs. DLN

Last updated Jun 25, 2026

IWLG (NYLI Winslow Large Cap Growth ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both exchange-traded funds - IWLG is a Large Cap Growth Equities fund actively managed by NYLI, while DLN is a Large Cap Value Equities fund tracking the WisdomTree U.S. LargeCap Dividend Index. IWLG is actively managed, while DLN is passively managed. Over the past 3 years, IWLG returned 21.15%/yr vs 18.05%/yr for DLN. A 0.66 correlation means they provide meaningful diversification when combined. IWLG charges 0.50%/yr vs 0.28%/yr for DLN.

Performance

IWLG vs. DLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NYLI Winslow Large Cap Growth ETF (IWLG) and WisdomTree U.S. LargeCap Dividend Fund (DLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWLG achieves a 1.43% return, which is significantly lower than DLN's 9.74% return.

IWLG

• 1D: -0.08%
• 1M: -1.59%
• YTD: 1.43%
• 6M: -0.03%
• 1Y: 8.98%
• 3Y*: 21.15%
• 5Y*: —
• 10Y*: —

DLN

• 1D: -0.19%
• 1M: -0.14%
• YTD: 9.74%
• 6M: 8.74%
• 1Y: 20.43%
• 3Y*: 18.05%
• 5Y*: 12.34%
• 10Y*: 12.83%

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

IWLG vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IWLG NYLI Winslow Large Cap Growth ETF	1.43%	14.73%	31.47%	43.25%	1.48%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.74%	15.53%	19.66%	9.95%	7.77%

Correlation

The correlation between IWLG and DLN is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.66

The correlation between IWLG and DLN shifts across timeframes, from 0.51 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

IWLG vs. DLN - Sectors Allocation Comparison

Sectors	IWLG	DLN
Technology	49.3%	22.8%
Industrials	14.8%	7.8%
Communication Services	12.3%	7.5%
Consumer Cyclical	8.8%	4.9%
Healthcare	5.5%	12.6%
Financial Services	5.2%	17.4%
Consumer Defensive	1.8%	8.9%
Utilities	1.2%	5.5%
Basic Materials	1.2%	1.0%
Energy	-	7.9%
Real Estate	-	3.9%

Return for Risk

IWLG vs. DLN — Risk / Return Rank

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

IWLG

IWLG Risk / Return Rank: 16
IWLG Sharpe Ratio Rank: 17
IWLG Sortino Ratio Rank: 16
IWLG Omega Ratio Rank: 16
IWLG Calmar Ratio Rank: 14
IWLG Martin Ratio Rank: 16

DLN

DLN Risk / Return Rank: 79
DLN Sharpe Ratio Rank: 80
DLN Sortino Ratio Rank: 82
DLN Omega Ratio Rank: 78
DLN Calmar Ratio Rank: 74
DLN Martin Ratio Rank: 80

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.

IWLG vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NYLI Winslow Large Cap Growth ETF (IWLG) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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.

	IWLG	DLN	Difference
Sharpe ratio: Return per unit of total volatility	0.51	2.28	-1.77
Sortino ratio: Return per unit of downside risk	0.80	3.26	-2.45
Omega ratio: Gain probability vs. loss probability	1.10	1.41	-0.31
Calmar ratio: Return relative to maximum drawdown	0.46	3.37	-2.90
Martin ratio: Return relative to average drawdown	1.39	14.09	-12.70

IWLG vs. DLN - Sharpe Ratio Comparison

The current IWLG Sharpe Ratio is 0.51, which is lower than the DLN Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of IWLG and DLN, 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

IWLG vs. DLN - Drawdown Comparison

The maximum IWLG drawdown since its inception was -23.19%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for IWLG and DLN.

Drawdown Indicators

	IWLG	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-23.19%	-57.84%	+34.65%
Max Drawdown (1Y) Largest decline over 1 year	-19.45%	-6.10%	-13.35%
Max Drawdown (3Y) Largest decline over 3 years	-23.19%	-13.71%	-9.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.82%	—
Current Drawdown Current decline from peak	-5.28%	-1.31%	-3.97%
Average Drawdown Average peak-to-trough decline	-4.56%	-7.50%	+2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.47%	1.45%	+5.02%

Volatility

IWLG vs. DLN - Volatility Comparison

NYLI Winslow Large Cap Growth ETF (IWLG) has a higher volatility of 7.68% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.70%. This indicates that IWLG's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWLG	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	2.70%	+4.98%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	6.99%	+6.94%
Volatility (1Y) Calculated over the trailing 1-year period	17.63%	9.01%	+8.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.13%	13.26%	+7.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.13%	16.14%	+4.99%

IWLG vs. DLN - Expense Ratio Comparison

IWLG has a 0.50% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

IWLG vs. DLN - Dividend Comparison

IWLG has not paid dividends to shareholders, while DLN's dividend yield for the trailing twelve months is around 1.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.80%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
IWLG NYLI Winslow Large Cap Growth ETF	0.00%	0.00%	1.34%	0.01%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWLG and DLN in my portfolio?

IWLG and DLN have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWLG or DLN?

IWLG has higher volatility (7.68%) compared to DLN (2.70%). In terms of maximum drawdown, IWLG dropped -23.19% vs DLN's -57.84%.

Which ETF is better, IWLG or DLN?

On 3-year performance, IWLG leads with 21.15% vs 18.05% for DLN. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWLG or DLN?

Over the 3-year period, IWLG has performed better with a 21.15% return vs 18.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWLG or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.50% for IWLG.

Which ETF pays a higher dividend yield, IWLG or DLN?

DLN has the higher dividend yield at 1.80%, compared with 0.00% for IWLG.

What is the main difference between IWLG and DLN?

IWLG is categorized as Large Cap Growth Equities, while DLN is Large Cap Value Equities. They also come from different issuers: NYLI and WisdomTree. Their fees differ too: 0.50% for IWLG and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.28 vs 0.51), 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.