SPX5.L vs. DGRW

Last updated Jun 14, 2026

SPX5.L (SPDR S&P 500 UCITS ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - SPX5.L is a S&P 500 fund tracking the S&P 500 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, SPX5.L returned 15.80%/yr vs 14.72%/yr for DGRW. A 0.60 correlation means they provide meaningful diversification when combined. SPX5.L charges 0.09%/yr vs 0.28%/yr for DGRW.

Performance

SPX5.L vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P 500 UCITS ETF (SPX5.L) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPX5.L is traded in GBP, while DGRW is traded in USD. To make them comparable, the DGRW values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPX5.L having a 8.77% return and DGRW slightly lower at 8.43%. Over the past 10 years, SPX5.L has outperformed DGRW with an annualized return of 15.80%, while DGRW has yielded a comparatively lower 14.72% annualized return.

SPX5.L

• 1D: 1.48%
• 1M: -0.34%
• YTD: 8.77%
• 6M: 9.15%
• 1Y: 26.66%
• 3Y*: 18.27%
• 5Y*: 14.39%
• 10Y*: 15.80%

DGRW

• 1D: 0.59%
• 1M: -0.57%
• YTD: 8.43%
• 6M: 7.65%
• 1Y: 20.36%
• 3Y*: 13.25%
• 5Y*: 13.11%
• 10Y*: 14.72%

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

SPX5.L vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPX5.L SPDR S&P 500 UCITS ETF	8.77%	9.34%	27.46%	19.76%	-9.00%	30.96%	13.52%	26.33%	-0.04%	10.71%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	8.43%	4.18%	19.03%	12.73%	4.80%	25.64%	10.52%	24.61%	0.23%	15.92%

Correlation

The correlation between SPX5.L and DGRW is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.60

The correlation between SPX5.L and DGRW has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

SPX5.L vs. DGRW - Sectors Allocation Comparison

Sectors	SPX5.L	DGRW
Technology	35.6%	32.1%
Financial Services	11.8%	11.3%
Communication Services	11.2%	10.1%
Consumer Cyclical	10.1%	7.1%
Healthcare	8.5%	12.8%
Industrials	8.3%	9.9%
Consumer Defensive	4.9%	6.7%
Energy	3.5%	5.0%
Utilities	2.3%	0.2%
Real Estate	1.9%	-
Basic Materials	1.8%	3.3%

Return for Risk

SPX5.L vs. DGRW — Risk / Return Rank

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

SPX5.L

SPX5.L Risk / Return Rank: 83
SPX5.L Sharpe Ratio Rank: 86
SPX5.L Sortino Ratio Rank: 84
SPX5.L Omega Ratio Rank: 85
SPX5.L Calmar Ratio Rank: 80
SPX5.L Martin Ratio Rank: 79

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.

SPX5.L vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF (SPX5.L) 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.

	SPX5.L	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.99	+0.43
Sortino ratio: Return per unit of downside risk	3.25	2.70	+0.55
Omega ratio: Gain probability vs. loss probability	1.45	1.37	+0.08
Calmar ratio: Return relative to maximum drawdown	3.67	2.98	+0.69
Martin ratio: Return relative to average drawdown	13.26	11.89	+1.37

SPX5.L vs. DGRW - Sharpe Ratio Comparison

The current SPX5.L Sharpe Ratio is 2.42, which is comparable to the DGRW Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of SPX5.L 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

SPX5.L vs. DGRW - Drawdown Comparison

The maximum SPX5.L drawdown since its inception was -41.23%, which is greater than DGRW's maximum drawdown of -23.81%. Use the drawdown chart below to compare losses from any high point for SPX5.L and DGRW.

Drawdown Indicators

	SPX5.L	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-41.23%	-23.81%	-17.42%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-6.62%	-0.45%
Max Drawdown (3Y) Largest decline over 3 years	-20.90%	-18.72%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-20.90%	-18.72%	-2.18%
Max Drawdown (10Y) Largest decline over 10 years	-25.45%	-23.81%	-1.64%
Current Drawdown Current decline from peak	-1.82%	-1.68%	-0.14%
Average Drawdown Average peak-to-trough decline	-7.47%	-2.97%	-4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.66%	+0.30%

Volatility

SPX5.L vs. DGRW - Volatility Comparison

SPDR S&P 500 UCITS ETF (SPX5.L) has a higher volatility of 3.60% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.29%. This indicates that SPX5.L'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

	SPX5.L	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	3.29%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	7.54%	7.67%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	9.93%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	13.47%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	16.68%	-1.15%

SPX5.L vs. DGRW - Expense Ratio Comparison

SPX5.L has a 0.09% expense ratio, which is lower than DGRW's 0.28% expense ratio.

Dividends

SPX5.L vs. DGRW - Dividend Comparison

SPX5.L's dividend yield for the trailing twelve months is around 0.90%, less 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%
SPX5.L SPDR S&P 500 UCITS ETF	0.90%	0.98%	1.03%	1.21%	1.39%	0.98%	1.40%	1.48%	1.71%	1.57%	1.49%	1.68%

Frequently Asked Questions

Can I hold both SPX5.L and DGRW in my portfolio?

SPX5.L and DGRW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPX5.L or DGRW?

On fees, SPX5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPX5.L or DGRW?

SPX5.L is cheaper with a 0.09% expense ratio, compared with 0.28% for DGRW.

What is the main difference between SPX5.L and DGRW?

SPX5.L is categorized as S&P 500, while DGRW is Dividend. SPX5.L tracks S&P 500 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: 0.09% for SPX5.L and 0.28% for DGRW.