IYG vs. DGRW

Last updated Jun 5, 2026

IYG (iShares U.S. Financial Services ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - IYG is a Financials Equities fund tracking the Dow Jones U.S. Financial Services TR, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, IYG returned 13.56%/yr vs 14.19%/yr for DGRW. A 0.77 correlation means they provide meaningful diversification when combined. IYG charges 0.42%/yr vs 0.28%/yr for DGRW.

Performance

IYG vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Financial Services ETF (IYG) 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, IYG achieves a -3.88% return, which is significantly lower than DGRW's 9.87% return. Both investments have delivered pretty close results over the past 10 years, with IYG having a 13.56% annualized return and DGRW not far ahead at 14.19%.

IYG

• 1D: 2.82%
• 1M: 1.39%
• YTD: -3.88%
• 6M: -1.63%
• 1Y: 9.20%
• 3Y*: 21.76%
• 5Y*: 8.46%
• 10Y*: 13.56%

DGRW

• 1D: 0.71%
• 1M: 4.18%
• YTD: 9.87%
• 6M: 9.49%
• 1Y: 21.83%
• 3Y*: 17.10%
• 5Y*: 12.33%
• 10Y*: 14.19%

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

IYG vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYG iShares U.S. Financial Services ETF	-3.88%	19.85%	31.94%	16.07%	-16.76%	30.36%	0.99%	37.62%	-12.56%	24.47%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	9.87%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between IYG and DGRW is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 23, 2013	0.77

The correlation between IYG and DGRW has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

IYG vs. DGRW - Sectors Allocation Comparison

Sectors	IYG	DGRW
Financial Services	100.0%	11.3%
Basic Materials	-	3.3%
Communication Services	-	10.1%
Consumer Cyclical	-	7.1%
Consumer Defensive	-	6.7%
Energy	-	5.0%
Healthcare	-	12.8%
Industrials	-	9.9%
Real Estate	-	-
Technology	-	32.1%
Utilities	-	0.2%

Return for Risk

IYG vs. DGRW — Risk / Return Rank

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

IYG

IYG Risk / Return Rank: 18
IYG Sharpe Ratio Rank: 19
IYG Sortino Ratio Rank: 19
IYG Omega Ratio Rank: 19
IYG Calmar Ratio Rank: 17
IYG Martin Ratio Rank: 16

DGRW

DGRW Risk / Return Rank: 66
DGRW Sharpe Ratio Rank: 69
DGRW Sortino Ratio Rank: 72
DGRW Omega Ratio Rank: 70
DGRW Calmar Ratio Rank: 54
DGRW Martin Ratio Rank: 65

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.

IYG vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financial Services ETF (IYG) 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.

	IYG	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	0.59	2.22	-1.63
Sortino ratio: Return per unit of downside risk	0.89	3.22	-2.34
Omega ratio: Gain probability vs. loss probability	1.11	1.41	-0.30
Calmar ratio: Return relative to maximum drawdown	0.58	2.64	-2.06
Martin ratio: Return relative to average drawdown	1.51	11.58	-10.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYG vs. DGRW - Sharpe Ratio Comparison

The current IYG Sharpe Ratio is 0.59, which is lower than the DGRW Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of IYG 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

	IYG	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	2.22	-1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.89	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.88	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.86	-0.64

Drawdowns

IYG vs. DGRW - Drawdown Comparison

The maximum IYG drawdown since its inception was -81.84%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for IYG and DGRW.

Drawdown Indicators

	IYG	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-81.84%	-32.04%	-49.80%
Max Drawdown (1Y) Largest decline over 1 year	-15.90%	-8.30%	-7.60%
Max Drawdown (3Y) Largest decline over 3 years	-18.54%	-16.21%	-2.33%
Max Drawdown (5Y) Largest decline over 5 years	-29.62%	-17.27%	-12.35%
Max Drawdown (10Y) Largest decline over 10 years	-44.32%	-32.04%	-12.28%
Current Drawdown Current decline from peak	-7.23%	-0.12%	-7.11%
Average Drawdown Average peak-to-trough decline	-20.74%	-3.01%	-17.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	1.89%	+4.22%

Volatility

IYG vs. DGRW - Volatility Comparison

iShares U.S. Financial Services ETF (IYG) has a higher volatility of 4.41% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 2.49%. This indicates that IYG'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

	IYG	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	2.49%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	7.67%	+4.43%
Volatility (1Y) Calculated over the trailing 1-year period	15.65%	9.89%	+5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.47%	13.97%	+6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.54%	16.21%	+7.33%

IYG vs. DGRW - Expense Ratio Comparison

IYG has a 0.42% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

IYG vs. DGRW - Dividend Comparison

IYG's dividend yield for the trailing twelve months is around 1.11%, less than DGRW's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.26%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
IYG iShares U.S. Financial Services ETF	1.11%	1.00%	1.16%	1.77%	2.07%	1.25%	1.71%	1.59%	1.81%	1.24%	1.28%	1.33%

Frequently Asked Questions

Can I hold both IYG and DGRW in my portfolio?

IYG and DGRW have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYG or DGRW?

IYG has higher volatility (4.41%) compared to DGRW (2.49%). In terms of maximum drawdown, IYG dropped -81.84% vs DGRW's -32.04%.

Which ETF is better, IYG or DGRW?

On 10-year performance, DGRW leads with 14.19% vs 13.56% for IYG. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 2.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYG or DGRW?

Over the 10-year period, DGRW has performed better with a 14.19% return vs 13.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYG or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.42% for IYG.

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

DGRW has the higher dividend yield at 1.26%, compared with 1.11% for IYG.

What is the main difference between IYG and DGRW?

IYG is categorized as Financials Equities, while DGRW is Dividend. IYG tracks Dow Jones U.S. Financial Services TR, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.42% for IYG and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (2.22 vs 0.59), 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.