QDF vs. DGRW

Last updated Aug 2, 2026

QDF (FlexShares Quality Dividend Index Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both Quality Factor funds - QDF tracks the Northern Trust Quality Dividend Index while DGRW tracks the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, QDF returned 12.04%/yr vs 13.71%/yr for DGRW. Their correlation of 0.95 means they have usually moved in the same direction. QDF charges 0.37%/yr vs 0.28%/yr for DGRW.

Performance

QDF vs. DGRW - 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. 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, QDF achieves a 12.96% return, which is significantly higher than DGRW's 8.57% return. Over the past 10 years, QDF has underperformed DGRW with an annualized return of 12.04%, while DGRW has yielded a comparatively higher 13.71% 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%

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
QDF FlexShares Quality Dividend Index Fund	$1.70M	$2.15M	$2.21M

QDF vs. DGRW - 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%
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%	26.90%

Correlation

The correlation between QDF and DGRW is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.95

The correlation between QDF and DGRW has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

QDF vs. DGRW - Sectors Allocation Comparison

Sectors	QDF	DGRW
Technology	37.0%	33.8%
Financial Services	14.8%	8.4%
Healthcare	9.1%	12.8%
Industrials	8.7%	11.8%
Consumer Cyclical	7.1%	8.0%
Consumer Defensive	5.7%	6.7%
Real Estate	5.6%	-
Communication Services	5.4%	11.1%
Utilities	2.2%	0.2%
Basic Materials	1.5%	2.8%
Energy	0.9%	4.5%

Return for Risk

QDF vs. DGRW — 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

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.

QDF vs. DGRW - 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. 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.

	QDF	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.43	+0.48
Sortino ratio: Return per unit of downside risk	2.69	2.04	+0.65
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	2.95	1.79	+1.16
Martin ratio: Return relative to average drawdown	12.68	7.25	+5.43

QDF vs. DGRW - Sharpe Ratio Comparison

The current QDF Sharpe Ratio is 1.91, which is higher than the DGRW Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of QDF 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

QDF vs. DGRW - Drawdown Comparison

The maximum QDF drawdown since its inception was -36.67%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for QDF and DGRW.

Drawdown Indicators

	QDF	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-36.67%	-32.04%	-4.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-8.30%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.01%	-16.21%	-1.80%
Max Drawdown (5Y) Largest decline over 5 years	-22.06%	-17.27%	-4.79%
Max Drawdown (10Y) Largest decline over 10 years	-36.67%	-32.04%	-4.63%
Current Drawdown Current decline from peak	-0.72%	-1.31%	+0.59%
Average Drawdown Average peak-to-trough decline	-3.61%	-3.00%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.05%	-0.21%

Volatility

QDF vs. DGRW - Volatility Comparison

FlexShares Quality Dividend Index Fund (QDF) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW) have volatilities of 2.96% 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

	QDF	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	2.92%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	8.33%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	10.44%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	14.01%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.37%	16.18%	+1.19%

QDF vs. DGRW - Expense Ratio Comparison

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

Dividends

QDF vs. DGRW - Dividend Comparison

QDF's dividend yield for the trailing twelve months is around 1.48%, 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%
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 DGRW in my portfolio?

With a correlation of 0.91, QDF 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, QDF or DGRW?

QDF has higher volatility (2.96%) compared to DGRW (2.92%). In terms of maximum drawdown, QDF dropped -36.67% vs DGRW's -32.04%.

Which ETF is better, QDF or DGRW?

On 10-year performance, DGRW leads with 13.71% vs 12.04% for QDF. 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, QDF or DGRW?

Over the 10-year period, DGRW has performed better with a 13.71% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDF or DGRW?

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

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

QDF has the higher dividend yield at 1.48%, compared with 1.28% for DGRW.

What is the main difference between QDF and DGRW?

QDF tracks Northern Trust Quality Dividend Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: FlexShares and WisdomTree. Their fees differ too: 0.37% for QDF and 0.28% for DGRW.

Which has better risk-adjusted returns?

QDF currently has the higher Sharpe Ratio (1.91 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.