QDF vs. DGRS

Last updated Aug 2, 2026

QDF (FlexShares Quality Dividend Index Fund) and DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) are both Quality Factor funds - QDF tracks the Northern Trust Quality Dividend Index while DGRS tracks the WisdomTree U.S. SmallCap Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, QDF returned 12.04%/yr vs 9.82%/yr for DGRS. Their 0.79 correlation means they have sometimes moved together and sometimes differently. QDF charges 0.37%/yr vs 0.38%/yr for DGRS.

Performance

QDF vs. DGRS - Performance Comparison

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

Returns By Period

In the year-to-date period, QDF achieves a 12.96% return, which is significantly lower than DGRS's 21.67% return. Over the past 10 years, QDF has outperformed DGRS with an annualized return of 12.04%, while DGRS has yielded a comparatively lower 9.82% annualized return.

QDF

• 1D: -0.15%
• 1M: 1.30%
• 6M: 10.89%
• YTD: 12.96%
• 1Y: 24.58%
• 3Y*: 16.91%
• 5Y*: 11.93%
• 10Y*: 12.04%
• ALL TIME*: 12.68%

DGRS

• 1D: 0.23%
• 1M: 1.90%
• 6M: 12.89%
• YTD: 21.67%
• 1Y: 31.79%
• 3Y*: 12.75%
• 5Y*: 8.44%
• 10Y*: 9.82%
• ALL TIME*: 9.54%

*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)
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	$2.61M	$2.32M	$1.84M
QDF FlexShares Quality Dividend Index Fund	$1.70M	$2.15M	$2.21M

QDF vs. DGRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QDF FlexShares Quality Dividend Index Fund	12.96%	16.58%	16.95%	19.71%	-12.13%	26.65%	4.86%	25.71%	-7.97%	17.42%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	21.67%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	24.20%	-10.75%	7.25%

Correlation

The correlation between QDF and DGRS is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.80
Correlation (All Time) Calculated using the full available price history since Jul 25, 2013	0.79

The correlation between QDF and DGRS shifts across timeframes, from 0.68 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

QDF vs. DGRS - Sectors Allocation Comparison

Sectors	QDF	DGRS
Technology	37.0%	9.1%
Financial Services	14.8%	25.5%
Healthcare	9.1%	1.2%
Industrials	8.7%	19.5%
Consumer Cyclical	7.1%	16.3%
Consumer Defensive	5.7%	6.5%
Real Estate	5.6%	1.9%
Communication Services	5.4%	2.0%
Utilities	2.2%	0.2%
Basic Materials	1.5%	8.0%
Energy	0.9%	10.0%

Return for Risk

QDF vs. DGRS — Risk / Return Rank

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

QDF

QDF Risk / Return Rank: 83
QDF Sharpe Ratio Rank: 83
QDF Sortino Ratio Rank: 82
QDF Omega Ratio Rank: 82
QDF Calmar Ratio Rank: 81
QDF Martin Ratio Rank: 87

DGRS

DGRS Risk / Return Rank: 77
DGRS Sharpe Ratio Rank: 74
DGRS Sortino Ratio Rank: 80
DGRS Omega Ratio Rank: 73
DGRS Calmar Ratio Rank: 82
DGRS Martin Ratio Rank: 76

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.

QDF vs. DGRS - Risk-Adjusted Trends Comparison

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

	QDF	DGRS	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.69	+0.23
Sortino ratio: Return per unit of downside risk	2.69	2.61	+0.09
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.04
Calmar ratio: Return relative to maximum drawdown	2.95	2.98	-0.03
Martin ratio: Return relative to average drawdown	12.68	9.53	+3.15

QDF vs. DGRS - Sharpe Ratio Comparison

The current QDF Sharpe Ratio is 1.91, which is comparable to the DGRS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of QDF and DGRS, 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

QDF vs. DGRS - Drawdown Comparison

The maximum QDF drawdown since its inception was -36.67%, smaller than the maximum DGRS drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for QDF and DGRS.

Drawdown Indicators

	QDF	DGRS	Difference
Max Drawdown Largest peak-to-trough decline	-36.67%	-44.83%	+8.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-9.68%	+1.78%
Max Drawdown (3Y) Largest decline over 3 years	-18.01%	-27.57%	+9.56%
Max Drawdown (5Y) Largest decline over 5 years	-22.06%	-27.57%	+5.51%
Max Drawdown (10Y) Largest decline over 10 years	-36.67%	-44.83%	+8.16%
Current Drawdown Current decline from peak	-0.72%	-1.24%	+0.52%
Average Drawdown Average peak-to-trough decline	-3.61%	-6.66%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	3.03%	-1.19%

Volatility

QDF vs. DGRS - Volatility Comparison

The current volatility for FlexShares Quality Dividend Index Fund (QDF) is 2.96%, while WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) has a volatility of 3.72%. This indicates that QDF experiences smaller price fluctuations and is considered to be less risky than DGRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDF	DGRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	3.72%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	10.52%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	17.17%	-4.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	20.22%	-4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.37%	23.57%	-6.20%

QDF vs. DGRS - Expense Ratio Comparison

QDF has a 0.37% expense ratio, which is lower than DGRS's 0.38% expense ratio.

Dividends

QDF vs. DGRS - Dividend Comparison

QDF's dividend yield for the trailing twelve months is around 1.48%, less than DGRS's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	2.04%	2.68%	2.15%	2.36%	2.88%	2.19%	2.32%	2.39%	2.64%	1.90%	1.82%	2.55%
QDF FlexShares Quality Dividend Index Fund	1.48%	1.65%	1.93%	2.19%	2.45%	1.90%	2.38%	3.05%	4.29%	2.70%	3.07%	3.04%

Frequently Asked Questions

Can I hold both QDF and DGRS in my portfolio?

QDF and DGRS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDF or DGRS?

DGRS has higher volatility (3.72%) compared to QDF (2.96%). In terms of maximum drawdown, QDF dropped -36.67% vs DGRS's -44.83%.

Which ETF is better, QDF or DGRS?

On 10-year performance, QDF leads with 12.04% vs 9.82% for DGRS. On fees, QDF is cheaper at 0.37% per year. On volatility, QDF has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDF or DGRS?

Over the 10-year period, QDF has performed better with a 12.04% return vs 9.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDF or DGRS?

QDF is cheaper with a 0.37% expense ratio, compared with 0.38% for DGRS.

Which ETF pays a higher dividend yield, QDF or DGRS?

DGRS has the higher dividend yield at 2.04%, compared with 1.48% for QDF.

What is the main difference between QDF and DGRS?

QDF tracks Northern Trust Quality Dividend Index, while DGRS tracks WisdomTree U.S. SmallCap Quality Dividend Growth Index. They also come from different issuers: FlexShares and WisdomTree. Their fees differ too: 0.37% for QDF and 0.38% for DGRS.

Which has better risk-adjusted returns?

QDF currently has the higher Sharpe Ratio (1.91 vs 1.69), 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.