QDEF vs. DGRW

Last updated Jun 3, 2026

QDEF (FlexShares Quality Dividend Defensive Index Fund) and DGRW (WisdomTree U.S. Dividend Growth Fund) are both exchange-traded funds - QDEF is a Large Cap Value Equities fund tracking the Northern Trust Quality Dividend Defensive Index, while DGRW is a Large Cap Growth Equities fund tracking the WisdomTree U.S. Dividend Growth Index. Both are passively managed. Over the past 10 years, QDEF returned 12.39%/yr vs 14.25%/yr for DGRW. Their correlation of 0.93 suggests significant overlap in exposure. QDEF charges 0.37%/yr vs 0.28%/yr for DGRW.

Performance

QDEF vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Quality Dividend Defensive Index Fund (QDEF) and WisdomTree U.S. Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDEF achieves a 9.33% return, which is significantly lower than DGRW's 10.01% return. Over the past 10 years, QDEF has underperformed DGRW with an annualized return of 12.39%, while DGRW has yielded a comparatively higher 14.25% annualized return.

QDEF

• 1D: 0.45%
• 1M: 3.66%
• YTD: 9.33%
• 6M: 9.70%
• 1Y: 24.69%
• 3Y*: 19.79%
• 5Y*: 12.90%
• 10Y*: 12.39%

DGRW

• 1D: 0.27%
• 1M: 4.42%
• YTD: 10.01%
• 6M: 10.12%
• 1Y: 22.57%
• 3Y*: 16.97%
• 5Y*: 12.52%
• 10Y*: 14.25%

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

QDEF vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QDEF FlexShares Quality Dividend Defensive Index Fund	9.33%	17.43%	21.19%	17.48%	-10.94%	26.04%	3.15%	24.90%	-4.10%	17.04%
DGRW WisdomTree U.S. Dividend Growth Fund	10.01%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between QDEF and DGRW is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
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	0.93

The correlation between QDEF and DGRW has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

QDEF vs. DGRW - Sectors Allocation Comparison

Sectors	QDEF	DGRW
Technology	32.8%	32.1%
Financial Services	11.5%	11.3%
Healthcare	11.4%	12.8%
Communication Services	7.7%	10.1%
Consumer Defensive	7.4%	6.7%
Consumer Cyclical	7.3%	7.1%
Industrials	6.7%	9.9%
Real Estate	5.4%	-
Energy	4.0%	5.0%
Basic Materials	3.0%	3.3%
Utilities	2.9%	0.2%

Return for Risk

QDEF vs. DGRW — Risk / Return Rank

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

QDEF

QDEF Risk / Return Rank: 78
QDEF Sharpe Ratio Rank: 78
QDEF Sortino Ratio Rank: 80
QDEF Omega Ratio Rank: 79
QDEF Calmar Ratio Rank: 71
QDEF Martin Ratio Rank: 79

DGRW

DGRW Risk / Return Rank: 67
DGRW Sharpe Ratio Rank: 69
DGRW Sortino Ratio Rank: 73
DGRW Omega Ratio Rank: 71
DGRW Calmar Ratio Rank: 55
DGRW Martin Ratio Rank: 66

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.

QDEF vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Quality Dividend Defensive Index Fund (QDEF) and WisdomTree U.S. 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.

	QDEF	DGRW	Difference
Sharpe ratio Return per unit of total volatility	2.58	2.30	+0.28
Sortino ratio Return per unit of downside risk	3.65	3.35	+0.30
Omega ratio Gain probability vs. loss probability	1.48	1.43	+0.05
Calmar ratio Return relative to maximum drawdown	3.60	2.76	+0.84
Martin ratio Return relative to average drawdown	15.68	12.13	+3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QDEF vs. DGRW - Sharpe Ratio Comparison

The current QDEF Sharpe Ratio is 2.58, which is comparable to the DGRW Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of QDEF 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

	QDEF	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	2.30	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.90	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.88	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.86	-0.01

Drawdowns

QDEF vs. DGRW - Drawdown Comparison

The maximum QDEF drawdown since its inception was -35.74%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for QDEF and DGRW.

Drawdown Indicators

	QDEF	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-35.74%	-32.04%	-3.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-8.30%	+1.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.43%	-16.21%	+1.78%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	-17.27%	-4.10%
Max Drawdown (10Y) Largest decline over 10 years	-35.74%	-32.04%	-3.70%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.29%	-3.01%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.89%	-0.29%

Volatility

QDEF vs. DGRW - Volatility Comparison

FlexShares Quality Dividend Defensive Index Fund (QDEF) and WisdomTree U.S. Dividend Growth Fund (DGRW) have volatilities of 2.41% and 2.34%, 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

	QDEF	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	2.34%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	7.17%	7.61%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	9.61%	9.84%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	13.96%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	16.21%	-0.04%

QDEF vs. DGRW - Expense Ratio Comparison

QDEF has a 0.37% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

QDEF vs. DGRW - Dividend Comparison

QDEF's dividend yield for the trailing twelve months is around 1.58%, more than DGRW's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. 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%
QDEF FlexShares Quality Dividend Defensive Index Fund	1.58%	1.74%	1.85%	2.21%	2.42%	1.84%	2.50%	3.17%	7.10%	2.70%	2.90%	3.00%

Frequently Asked Questions

Can I hold both QDEF and DGRW in my portfolio?

With a correlation of 0.92, QDEF 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, QDEF or DGRW?

QDEF has higher volatility (2.41%) compared to DGRW (2.34%). In terms of maximum drawdown, QDEF dropped -35.74% vs DGRW's -32.04%.

Which ETF is better, QDEF or DGRW?

On 10-year performance, DGRW leads with 14.25% vs 12.39% for QDEF. 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, QDEF or DGRW?

Over the 10-year period, DGRW has performed better with a 14.25% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDEF or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.37% for QDEF.

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

QDEF has the higher dividend yield at 1.58%, compared with 1.26% for DGRW.

What is the main difference between QDEF and DGRW?

QDEF is categorized as Large Cap Value Equities, while DGRW is Large Cap Growth Equities. QDEF tracks Northern Trust Quality Dividend Defensive Index, while DGRW tracks WisdomTree U.S. Dividend Growth Index. They also come from different issuers: FlexShares and WisdomTree. Their fees differ too: 0.37% for QDEF and 0.28% for DGRW.

Which has better risk-adjusted returns?

QDEF currently has the higher Sharpe Ratio (2.58 vs 2.30), 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.