QGRW vs. HDV

Last updated Jun 24, 2026

QGRW (WisdomTree U.S. Quality Growth Fund) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - QGRW is a Large Cap Growth Equities fund tracking the WisdomTree U.S. Quality Growth Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 3 years, QGRW returned 25.81%/yr vs 15.48%/yr for HDV. At a 0.14 correlation, their price movements are largely independent. QGRW charges 0.28%/yr vs 0.08%/yr for HDV.

Performance

QGRW vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Quality Growth Fund (QGRW) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QGRW achieves a 9.19% return, which is significantly lower than HDV's 14.07% return.

QGRW

• 1D: -2.33%
• 1M: -1.97%
• YTD: 9.19%
• 6M: 7.93%
• 1Y: 27.41%
• 3Y*: 25.81%
• 5Y*: —
• 10Y*: —

HDV

• 1D: 1.33%
• 1M: -1.35%
• YTD: 14.07%
• 6M: 14.08%
• 1Y: 21.06%
• 3Y*: 15.48%
• 5Y*: 11.09%
• 10Y*: 9.45%

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

QGRW vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QGRW WisdomTree U.S. Quality Growth Fund	9.19%	19.20%	34.85%	56.05%	-3.07%
HDV iShares Core High Dividend ETF	14.07%	11.90%	14.16%	1.72%	-0.89%

Correlation

The correlation between QGRW and HDV is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Dec 15, 2022	0.14

The correlation between QGRW and HDV shifts across timeframes, from -0.16 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

QGRW vs. HDV - Sectors Allocation Comparison

Sectors	QGRW	HDV
Technology	55.0%	0.2%
Communication Services	16.4%	5.7%
Consumer Cyclical	11.6%	9.2%
Industrials	7.6%	3.5%
Healthcare	4.4%	22.6%
Financial Services	3.7%	4.7%
Energy	0.5%	20.2%
Consumer Defensive	0.5%	24.5%
Utilities	0.3%	8.1%
Basic Materials	-	0.8%
Real Estate	-	-

Return for Risk

QGRW vs. HDV — Risk / Return Rank

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

QGRW

QGRW Risk / Return Rank: 41
QGRW Sharpe Ratio Rank: 44
QGRW Sortino Ratio Rank: 41
QGRW Omega Ratio Rank: 42
QGRW Calmar Ratio Rank: 37
QGRW Martin Ratio Rank: 43

HDV

HDV Risk / Return Rank: 70
HDV Sharpe Ratio Rank: 68
HDV Sortino Ratio Rank: 73
HDV Omega Ratio Rank: 62
HDV Calmar Ratio Rank: 81
HDV Martin Ratio Rank: 64

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.

QGRW vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Quality Growth Fund (QGRW) and iShares Core High Dividend ETF (HDV). 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.

	QGRW	HDV	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.13	-0.66
Sortino ratio: Return per unit of downside risk	2.01	3.13	-1.12
Omega ratio: Gain probability vs. loss probability	1.26	1.36	-0.10
Calmar ratio: Return relative to maximum drawdown	1.78	4.09	-2.30
Martin ratio: Return relative to average drawdown	6.70	11.19	-4.49

QGRW vs. HDV - Sharpe Ratio Comparison

The current QGRW Sharpe Ratio is 1.47, which is lower than the HDV Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of QGRW and HDV, 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

QGRW vs. HDV - Drawdown Comparison

The maximum QGRW drawdown since its inception was -24.40%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for QGRW and HDV.

Drawdown Indicators

	QGRW	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-37.04%	+12.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.44%	-5.18%	-10.26%
Max Drawdown (3Y) Largest decline over 3 years	-24.40%	-10.49%	-13.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.04%	—
Current Drawdown Current decline from peak	-6.66%	-1.35%	-5.31%
Average Drawdown Average peak-to-trough decline	-3.28%	-3.08%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	1.89%	+2.21%

Volatility

QGRW vs. HDV - Volatility Comparison

WisdomTree U.S. Quality Growth Fund (QGRW) has a higher volatility of 8.12% compared to iShares Core High Dividend ETF (HDV) at 3.64%. This indicates that QGRW's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QGRW	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	3.64%	+4.48%
Volatility (6M) Calculated over the trailing 6-month period	15.20%	7.61%	+7.59%
Volatility (1Y) Calculated over the trailing 1-year period	18.73%	9.93%	+8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	12.81%	+8.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.29%	15.73%	+5.56%

QGRW vs. HDV - Expense Ratio Comparison

QGRW has a 0.28% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

QGRW vs. HDV - Dividend Comparison

QGRW's dividend yield for the trailing twelve months is around 0.08%, less than HDV's 2.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDV iShares Core High Dividend ETF	2.90%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
QGRW WisdomTree U.S. Quality Growth Fund	0.08%	0.09%	0.14%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QGRW and HDV in my portfolio?

QGRW and HDV have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QGRW or HDV?

QGRW has higher volatility (8.12%) compared to HDV (3.64%). In terms of maximum drawdown, QGRW dropped -24.40% vs HDV's -37.04%.

Which ETF is better, QGRW or HDV?

On 3-year performance, QGRW leads with 25.81% vs 15.48% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QGRW or HDV?

Over the 3-year period, QGRW has performed better with a 25.81% return vs 15.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QGRW or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.28% for QGRW.

Which ETF pays a higher dividend yield, QGRW or HDV?

HDV has the higher dividend yield at 2.90%, compared with 0.08% for QGRW.

What is the main difference between QGRW and HDV?

QGRW is categorized as Large Cap Growth Equities, while HDV is Dividend. QGRW tracks WisdomTree U.S. Quality Growth Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.28% for QGRW and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (2.13 vs 1.47), 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.