MFUS vs. DGRW

Last updated Aug 2, 2026

MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index​, while DGRW is a Quality Factor fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 5 years, MFUS returned 12.82%/yr vs 11.41%/yr for DGRW. Their correlation of 0.89 means they have usually moved in the same direction. MFUS charges 0.30%/yr vs 0.28%/yr for DGRW.

Performance

MFUS vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) 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, MFUS achieves a 16.05% return, which is significantly higher than DGRW's 8.57% return.

MFUS

• 1D: 0.02%
• 1M: -0.78%
• 6M: 11.41%
• YTD: 16.05%
• 1Y: 25.38%
• 3Y*: 19.23%
• 5Y*: 12.82%
• 10Y*: —
• ALL TIME*: 13.36%

DGRW

• 1D: 0.49%
• 1M: 0.69%
• 6M: 6.01%
• YTD: 8.57%
• 1Y: 16.02%
• 3Y*: 13.97%
• 5Y*: 11.41%
• 10Y*: 13.71%
• ALL TIME*: 12.94%

*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)
DGRW WisdomTree U.S. Quality Dividend Growth Fund	$51.03M	$48.50M	$56.54M
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	$1.61M	$1.05M	$936.81K

MFUS vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	16.05%	16.02%	20.17%	12.19%	-5.82%	24.10%	10.64%	26.17%	-7.30%	11.20%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	8.57%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	12.51%

Correlation

The correlation between MFUS and DGRW is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017	0.89

The correlation between MFUS and DGRW has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

MFUS vs. DGRW - Sectors Allocation Comparison

Sectors	MFUS	DGRW
Technology	25.8%	33.8%
Healthcare	14.7%	12.8%
Industrials	12.5%	11.8%
Financial Services	11.3%	8.4%
Consumer Cyclical	9.3%	8.0%
Consumer Defensive	9.3%	6.7%
Energy	6.6%	4.5%
Communication Services	4.6%	11.1%
Basic Materials	2.5%	2.8%
Real Estate	2.0%	-
Utilities	1.3%	0.2%

Return for Risk

MFUS vs. DGRW — Risk / Return Rank

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

MFUS

MFUS Risk / Return Rank: 89
MFUS Sharpe Ratio Rank: 89
MFUS Sortino Ratio Rank: 89
MFUS Omega Ratio Rank: 88
MFUS Calmar Ratio Rank: 90
MFUS Martin Ratio Rank: 90

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 62
DGRW Sortino Ratio Rank: 61
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 51
DGRW Martin Ratio Rank: 61

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.

MFUS vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) 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.

	MFUS	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.43	+0.73
Sortino ratio: Return per unit of downside risk	3.11	2.04	+1.07
Omega ratio: Gain probability vs. loss probability	1.39	1.26	+0.13
Calmar ratio: Return relative to maximum drawdown	3.86	1.79	+2.07
Martin ratio: Return relative to average drawdown	14.64	7.25	+7.39

MFUS vs. DGRW - Sharpe Ratio Comparison

The current MFUS Sharpe Ratio is 2.16, which is higher than the DGRW Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of MFUS 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.

Drawdowns

MFUS vs. DGRW - Drawdown Comparison

The maximum MFUS drawdown since its inception was -35.21%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for MFUS and DGRW.

Drawdown Indicators

	MFUS	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-32.04%	-3.17%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-8.30%	+1.91%
Max Drawdown (3Y) Largest decline over 3 years	-15.39%	-16.21%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-18.22%	-17.27%	-0.95%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-2.61%	-1.31%	-1.30%
Average Drawdown Average peak-to-trough decline	-3.95%	-3.00%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.05%	-0.37%

Volatility

MFUS vs. DGRW - Volatility Comparison

PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW) have volatilities of 2.93% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFUS	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.92%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	8.33%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	10.44%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	14.01%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	16.18%	+1.10%

MFUS vs. DGRW - Expense Ratio Comparison

MFUS has a 0.30% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

MFUS vs. DGRW - Dividend Comparison

MFUS's dividend yield for the trailing twelve months is around 1.38%, more 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%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	1.38%	1.54%	1.45%	1.96%	2.07%	1.35%	1.72%	1.89%	1.69%	1.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MFUS and DGRW in my portfolio?

MFUS and DGRW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MFUS or DGRW?

MFUS has higher volatility (2.93%) compared to DGRW (2.92%). In terms of maximum drawdown, MFUS dropped -35.21% vs DGRW's -32.04%.

Which ETF is better, MFUS or DGRW?

On 5-year performance, MFUS leads with 12.82% vs 11.41% for DGRW. On fees, DGRW is cheaper at 0.28% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MFUS or DGRW?

Over the 5-year period, MFUS has performed better with a 12.82% return vs 11.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MFUS or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.30% for MFUS.

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

MFUS has the higher dividend yield at 1.38%, compared with 1.28% for DGRW.

What is the main difference between MFUS and DGRW?

MFUS is categorized as Large Cap Growth Equities, while DGRW is Quality Factor. MFUS tracks RAFI Dynamic Multi-Factor U.S. Index​, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: PIMCO and WisdomTree. Their fees differ too: 0.30% for MFUS and 0.28% for DGRW.

Which has better risk-adjusted returns?

MFUS currently has the higher Sharpe Ratio (2.16 vs 1.43), 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.