QLVE vs. DGRS

Last updated Aug 2, 2026

QLVE (FlexShares Emerging Markets Quality Low Volatility Index Fund) and DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) are both Quality Factor funds - QLVE tracks the Northern Trust Emerging Markets 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, QLVE returned 7.60%/yr vs 8.44%/yr for DGRS. Their 0.51 correlation means they have sometimes moved together and sometimes differently. QLVE charges 0.40%/yr vs 0.38%/yr for DGRS.

Performance

QLVE vs. DGRS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) 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, QLVE achieves a 12.92% return, which is significantly lower than DGRS's 21.67% return.

QLVE

• 1D: -0.06%
• 1M: 0.53%
• 6M: 7.16%
• YTD: 12.92%
• 1Y: 23.59%
• 3Y*: 15.27%
• 5Y*: 7.60%
• 10Y*: —
• ALL TIME*: 6.66%

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
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund	$2.76K	$7.65K	$20.86K

QLVE vs. DGRS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund	12.92%	21.87%	10.17%	8.53%	-13.10%	0.90%	4.16%	4.77%
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 QLVE and DGRS is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (5Y) Shows whether the relationship held over a longer period.	0.50
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019	0.51

The correlation between QLVE and DGRS shifts across timeframes, from 0.37 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

QLVE vs. DGRS - Sectors Allocation Comparison

Sectors	QLVE	DGRS
Technology	35.7%	9.1%
Financial Services	14.3%	25.5%
Communication Services	10.0%	2.0%
Energy	6.3%	10.0%
Consumer Defensive	6.3%	6.5%
Consumer Cyclical	4.9%	16.3%
Healthcare	4.8%	1.2%
Industrials	3.3%	19.5%
Utilities	2.7%	0.2%
Basic Materials	1.9%	8.0%
Real Estate	0.7%	1.9%

Return for Risk

QLVE vs. DGRS — Risk / Return Rank

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

QLVE

QLVE Risk / Return Rank: 52
QLVE Sharpe Ratio Rank: 48
QLVE Sortino Ratio Rank: 47
QLVE Omega Ratio Rank: 53
QLVE Calmar Ratio Rank: 55
QLVE Martin Ratio Rank: 55

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.

QLVE vs. DGRS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) 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.

	QLVE	DGRS	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.69	-0.51
Sortino ratio: Return per unit of downside risk	1.73	2.61	-0.87
Omega ratio: Gain probability vs. loss probability	1.24	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	1.98	2.98	-1.01
Martin ratio: Return relative to average drawdown	6.52	9.53	-3.02

QLVE vs. DGRS - Sharpe Ratio Comparison

The current QLVE Sharpe Ratio is 1.18, which is lower than the DGRS Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of QLVE 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

QLVE vs. DGRS - Drawdown Comparison

The maximum QLVE drawdown since its inception was -29.96%, smaller than the maximum DGRS drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for QLVE and DGRS.

Drawdown Indicators

	QLVE	DGRS	Difference
Max Drawdown Largest peak-to-trough decline	-29.96%	-44.83%	+14.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.60%	-9.68%	-1.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.29%	-27.57%	+14.28%
Max Drawdown (5Y) Largest decline over 5 years	-23.60%	-27.57%	+3.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.83%	—
Current Drawdown Current decline from peak	-5.59%	-1.24%	-4.35%
Average Drawdown Average peak-to-trough decline	-8.21%	-6.66%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	3.03%	+0.48%

Volatility

QLVE vs. DGRS - Volatility Comparison

FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) has a higher volatility of 6.73% compared to WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) at 3.72%. This indicates that QLVE's price experiences larger fluctuations and is considered to be riskier than DGRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QLVE	DGRS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.73%	3.72%	+3.01%
Volatility (6M) Calculated over the trailing 6-month period	17.12%	10.52%	+6.60%
Volatility (1Y) Calculated over the trailing 1-year period	19.46%	17.17%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	20.22%	-6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	23.57%	-7.43%

QLVE vs. DGRS - Expense Ratio Comparison

QLVE has a 0.40% expense ratio, which is higher than DGRS's 0.38% expense ratio.

Dividends

QLVE vs. DGRS - Dividend Comparison

QLVE's dividend yield for the trailing twelve months is around 2.68%, 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%
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund	2.68%	3.14%	3.11%	3.00%	2.48%	2.57%	1.66%	1.27%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QLVE and DGRS in my portfolio?

QLVE and DGRS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QLVE or DGRS?

QLVE has higher volatility (6.73%) compared to DGRS (3.72%). In terms of maximum drawdown, QLVE dropped -29.96% vs DGRS's -44.83%.

Which ETF is better, QLVE or DGRS?

On 5-year performance, DGRS leads with 8.44% vs 7.60% for QLVE. On fees, DGRS is cheaper at 0.38% per year. On volatility, DGRS has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QLVE or DGRS?

Over the 5-year period, DGRS has performed better with a 8.44% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QLVE or DGRS?

DGRS is cheaper with a 0.38% expense ratio, compared with 0.40% for QLVE.

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

QLVE has the higher dividend yield at 2.68%, compared with 2.04% for DGRS.

What is the main difference between QLVE and DGRS?

QLVE tracks Northern Trust Emerging Markets 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: 0.40% for QLVE and 0.38% for DGRS.

Which has better risk-adjusted returns?

DGRS currently has the higher Sharpe Ratio (1.69 vs 1.18), 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.