SLYV vs. DGRW

Last updated Jun 14, 2026

SLYV (SPDR S&P 600 Small Cap Value ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - SLYV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, SLYV returned 10.65%/yr vs 14.13%/yr for DGRW. A 0.76 correlation means they provide meaningful diversification when combined. SLYV charges 0.15%/yr vs 0.28%/yr for DGRW.

Performance

SLYV vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 600 Small Cap Value ETF (SLYV) 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, SLYV achieves a 19.47% return, which is significantly higher than DGRW's 7.88% return. Over the past 10 years, SLYV has underperformed DGRW with an annualized return of 10.65%, while DGRW has yielded a comparatively higher 14.13% annualized return.

SLYV

• 1D: 1.09%
• 1M: 6.39%
• YTD: 19.47%
• 6M: 16.63%
• 1Y: 41.92%
• 3Y*: 14.32%
• 5Y*: 6.28%
• 10Y*: 10.65%

DGRW

• 1D: 0.50%
• 1M: -0.55%
• YTD: 7.88%
• 6M: 7.92%
• 1Y: 18.88%
• 3Y*: 15.58%
• 5Y*: 11.95%
• 10Y*: 14.13%

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

SLYV vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLYV SPDR S&P 600 Small Cap Value ETF	19.47%	6.54%	7.28%	14.82%	-11.08%	30.57%	2.68%	24.26%	-12.77%	11.74%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	7.88%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between SLYV and DGRW is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.76

The correlation between SLYV and DGRW has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.

SLYV vs. DGRW - Sectors Allocation Comparison

Sectors	SLYV	DGRW
Financial Services	19.5%	11.3%
Consumer Cyclical	15.4%	7.1%
Technology	13.4%	32.1%
Industrials	11.6%	9.9%
Real Estate	8.6%	-
Healthcare	7.3%	12.8%
Energy	7.0%	5.0%
Basic Materials	6.9%	3.3%
Communication Services	4.4%	10.1%
Consumer Defensive	3.8%	6.7%
Utilities	2.1%	0.2%

Return for Risk

SLYV vs. DGRW — Risk / Return Rank

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

SLYV

SLYV Risk / Return Rank: 79
SLYV Sharpe Ratio Rank: 78
SLYV Sortino Ratio Rank: 79
SLYV Omega Ratio Rank: 72
SLYV Calmar Ratio Rank: 86
SLYV Martin Ratio Rank: 81

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 60
DGRW Sortino Ratio Rank: 63
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 49
DGRW Martin Ratio Rank: 60

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.

SLYV vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Value ETF (SLYV) 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.

	SLYV	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.76	+0.39
Sortino ratio: Return per unit of downside risk	3.06	2.53	+0.53
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.04
Calmar ratio: Return relative to maximum drawdown	4.20	2.15	+2.05
Martin ratio: Return relative to average drawdown	13.96	9.28	+4.68

SLYV vs. DGRW - Sharpe Ratio Comparison

The current SLYV Sharpe Ratio is 2.15, which is comparable to the DGRW Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SLYV 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

SLYV vs. DGRW - Drawdown Comparison

The maximum SLYV drawdown since its inception was -61.15%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for SLYV and DGRW.

Drawdown Indicators

	SLYV	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-61.15%	-32.04%	-29.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-8.30%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-28.68%	-16.21%	-12.47%
Max Drawdown (5Y) Largest decline over 5 years	-28.68%	-17.27%	-11.41%
Max Drawdown (10Y) Largest decline over 10 years	-47.73%	-32.04%	-15.69%
Current Drawdown Current decline from peak	0.00%	-1.93%	+1.93%
Average Drawdown Average peak-to-trough decline	-8.93%	-3.01%	-5.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	1.92%	+0.90%

Volatility

SLYV vs. DGRW - Volatility Comparison

SPDR S&P 600 Small Cap Value ETF (SLYV) has a higher volatility of 4.81% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.41%. This indicates that SLYV's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLYV	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	3.41%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	8.04%	+3.55%
Volatility (1Y) Calculated over the trailing 1-year period	18.31%	10.16%	+8.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.97%	14.01%	+7.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.96%	16.23%	+7.73%

SLYV vs. DGRW - Expense Ratio Comparison

SLYV has a 0.15% expense ratio, which is lower than DGRW's 0.28% expense ratio.

Dividends

SLYV vs. DGRW - Dividend Comparison

SLYV's dividend yield for the trailing twelve months is around 1.75%, 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%
SLYV SPDR S&P 600 Small Cap Value ETF	1.75%	2.02%	2.30%	2.11%	1.47%	1.94%	1.40%	1.67%	2.14%	5.53%	2.18%	6.55%

Frequently Asked Questions

Can I hold both SLYV and DGRW in my portfolio?

SLYV and DGRW have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLYV or DGRW?

SLYV has higher volatility (4.81%) compared to DGRW (3.41%). In terms of maximum drawdown, SLYV dropped -61.15% vs DGRW's -32.04%.

Which ETF is better, SLYV or DGRW?

On 10-year performance, DGRW leads with 14.13% vs 10.65% for SLYV. On fees, SLYV is cheaper at 0.15% per year. On volatility, DGRW has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLYV or DGRW?

Over the 10-year period, DGRW has performed better with a 14.13% return vs 10.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLYV or DGRW?

SLYV is cheaper with a 0.15% expense ratio, compared with 0.28% for DGRW.

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

SLYV has the higher dividend yield at 1.75%, compared with 1.28% for DGRW.

What is the main difference between SLYV and DGRW?

SLYV is categorized as Small Cap Value Equities, while DGRW is Dividend. SLYV tracks S&P SmallCap 600 Value Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.15% for SLYV and 0.28% for DGRW.

Which has better risk-adjusted returns?

SLYV currently has the higher Sharpe Ratio (2.15 vs 1.76), 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.