QLVD vs. DGRS

Last updated Aug 2, 2026

QLVD (FlexShares Developed Markets ex-US Quality Low Volatility Index Fund) and DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) are both Quality Factor funds - QLVD tracks the Northern Trust Developed Markets ex US Quality Low Volatility Index while DGRS tracks the WisdomTree U.S. SmallCap Quality Dividend Growth Index. Both are passively managed. Over the past 5 years, QLVD returned 7.19%/yr vs 8.44%/yr for DGRS. Their 0.59 correlation means they have sometimes moved together and sometimes differently. QLVD charges 0.32%/yr vs 0.38%/yr for DGRS.

Performance

QLVD vs. DGRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) 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, QLVD achieves a 9.60% return, which is significantly lower than DGRS's 21.67% return.

QLVD

• 1D: -0.82%
• 1M: 3.92%
• 6M: 7.11%
• YTD: 9.60%
• 1Y: 16.16%
• 3Y*: 13.56%
• 5Y*: 7.19%
• 10Y*: —
• ALL TIME*: 7.53%

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
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	$72.57K	$53.92K	$58.06K

QLVD vs. DGRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	9.60%	24.21%	4.67%	11.57%	-12.09%	9.04%	3.00%	6.26%
DGRS WisdomTree U.S. SmallCap Quality Dividend Growth Fund	21.67%	-0.43%	10.40%	21.16%	-13.11%	23.11%	7.86%	7.95%

Correlation

The correlation between QLVD and DGRS is 0.51, 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.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019	0.59

The correlation between QLVD and DGRS has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.

QLVD vs. DGRS - Sectors Allocation Comparison

Sectors	QLVD	DGRS
Financial Services	23.5%	25.5%
Industrials	14.7%	19.5%
Consumer Defensive	11.3%	6.5%
Healthcare	9.5%	1.2%
Utilities	7.3%	0.2%
Technology	6.7%	9.1%
Energy	5.4%	10.0%
Communication Services	5.3%	2.0%
Real Estate	5.0%	1.9%
Consumer Cyclical	4.3%	16.3%
Basic Materials	3.9%	8.0%

Return for Risk

QLVD vs. DGRS — Risk / Return Rank

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

QLVD

QLVD Risk / Return Rank: 65
QLVD Sharpe Ratio Rank: 72
QLVD Sortino Ratio Rank: 73
QLVD Omega Ratio Rank: 71
QLVD Calmar Ratio Rank: 60
QLVD Martin Ratio Rank: 48

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.

QLVD vs. DGRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) 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.

	QLVD	DGRS	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.69	-0.05
Sortino ratio: Return per unit of downside risk	2.36	2.61	-0.25
Omega ratio: Gain probability vs. loss probability	1.30	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	2.12	2.98	-0.87
Martin ratio: Return relative to average drawdown	5.52	9.53	-4.01

QLVD vs. DGRS - Sharpe Ratio Comparison

The current QLVD Sharpe Ratio is 1.63, which is comparable to the DGRS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of QLVD 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

QLVD vs. DGRS - Drawdown Comparison

The maximum QLVD drawdown since its inception was -28.20%, smaller than the maximum DGRS drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for QLVD and DGRS.

Drawdown Indicators

	QLVD	DGRS	Difference
Max Drawdown Largest peak-to-trough decline	-28.20%	-44.83%	+16.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-9.68%	+1.53%
Max Drawdown (3Y) Largest decline over 3 years	-9.18%	-27.57%	+18.39%
Max Drawdown (5Y) Largest decline over 5 years	-23.99%	-27.57%	+3.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.83%	—
Current Drawdown Current decline from peak	-0.82%	-1.24%	+0.42%
Average Drawdown Average peak-to-trough decline	-5.20%	-6.66%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	3.03%	+0.09%

Volatility

QLVD vs. DGRS - Volatility Comparison

The current volatility for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is 2.93%, while WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) has a volatility of 3.72%. This indicates that QLVD 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

	QLVD	DGRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	3.72%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	10.52%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	10.60%	17.17%	-6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.77%	20.22%	-8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	23.57%	-9.67%

QLVD vs. DGRS - Expense Ratio Comparison

QLVD has a 0.32% expense ratio, which is lower than DGRS's 0.38% expense ratio.

Dividends

QLVD vs. DGRS - Dividend Comparison

QLVD's dividend yield for the trailing twelve months is around 2.93%, more 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%
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Index Fund	2.93%	2.87%	3.01%	3.33%	2.47%	3.06%	1.78%	1.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLVD and DGRS in my portfolio?

QLVD and DGRS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QLVD or DGRS?

DGRS has higher volatility (3.72%) compared to QLVD (2.93%). In terms of maximum drawdown, QLVD dropped -28.20% vs DGRS's -44.83%.

Which ETF is better, QLVD or DGRS?

On 5-year performance, DGRS leads with 8.44% vs 7.19% for QLVD. On fees, QLVD is cheaper at 0.32% per year. On volatility, QLVD has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QLVD or DGRS?

Over the 5-year period, DGRS has performed better with a 8.44% return vs 7.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QLVD or DGRS?

QLVD is cheaper with a 0.32% expense ratio, compared with 0.38% for DGRS.

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

QLVD has the higher dividend yield at 2.93%, compared with 2.04% for DGRS.

What is the main difference between QLVD and DGRS?

QLVD tracks Northern Trust Developed Markets ex US Quality Low Volatility Index, while DGRS tracks WisdomTree U.S. SmallCap Quality Dividend Growth Index. They also come from different issuers: Northern Trust and WisdomTree. Their fees differ too: 0.32% for QLVD and 0.38% for DGRS.

Which has better risk-adjusted returns?

DGRS currently has the higher Sharpe Ratio (1.69 vs 1.63), 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.