TDVG vs. DGRW

Last updated Jun 23, 2026

TDVG (T. Rowe Price Dividend Growth ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - TDVG is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. TDVG is actively managed, while DGRW is passively managed. Over the past 5 years, TDVG returned 10.44%/yr vs 12.16%/yr for DGRW. Their correlation of 0.94 suggests significant overlap in exposure. TDVG charges 0.50%/yr vs 0.28%/yr for DGRW.

Performance

TDVG vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth ETF (TDVG) 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, TDVG achieves a 8.64% return, which is significantly higher than DGRW's 7.35% return.

TDVG

• 1D: 0.23%
• 1M: 1.78%
• YTD: 8.64%
• 6M: 8.21%
• 1Y: 19.26%
• 3Y*: 15.76%
• 5Y*: 10.44%
• 10Y*: —

DGRW

• 1D: -0.32%
• 1M: -0.70%
• YTD: 7.35%
• 6M: 7.02%
• 1Y: 18.84%
• 3Y*: 15.46%
• 5Y*: 12.16%
• 10Y*: 14.25%

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

TDVG vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDVG T. Rowe Price Dividend Growth ETF	8.64%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	7.35%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.08%

Correlation

The correlation between TDVG and DGRW is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.94

The correlation between TDVG and DGRW has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

TDVG vs. DGRW - Sectors Allocation Comparison

Sectors	TDVG	DGRW
Technology	26.2%	32.1%
Financial Services	19.3%	11.3%
Industrials	13.6%	9.9%
Healthcare	12.4%	12.8%
Consumer Cyclical	7.2%	7.1%
Consumer Defensive	6.9%	6.7%
Energy	5.3%	5.0%
Utilities	3.8%	0.2%
Basic Materials	2.8%	3.3%
Real Estate	1.6%	-
Communication Services	1.0%	10.1%

Return for Risk

TDVG vs. DGRW — Risk / Return Rank

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

TDVG

TDVG Risk / Return Rank: 60
TDVG Sharpe Ratio Rank: 61
TDVG Sortino Ratio Rank: 63
TDVG Omega Ratio Rank: 59
TDVG Calmar Ratio Rank: 55
TDVG Martin Ratio Rank: 63

DGRW

DGRW Risk / Return Rank: 55
DGRW Sharpe Ratio Rank: 57
DGRW Sortino Ratio Rank: 57
DGRW Omega Ratio Rank: 57
DGRW Calmar Ratio Rank: 47
DGRW Martin Ratio Rank: 57

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.

TDVG vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth ETF (TDVG) 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.

	TDVG	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.85	+0.13
Sortino ratio: Return per unit of downside risk	2.83	2.63	+0.20
Omega ratio: Gain probability vs. loss probability	1.35	1.34	+0.01
Calmar ratio: Return relative to maximum drawdown	2.67	2.28	+0.39
Martin ratio: Return relative to average drawdown	10.98	9.75	+1.23

TDVG vs. DGRW - Sharpe Ratio Comparison

The current TDVG Sharpe Ratio is 1.98, which is comparable to the DGRW Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of TDVG 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

TDVG vs. DGRW - Drawdown Comparison

The maximum TDVG drawdown since its inception was -19.20%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for TDVG and DGRW.

Drawdown Indicators

	TDVG	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-32.04%	+12.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-8.30%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-16.21%	+2.19%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	-17.27%	-1.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.04%	—
Current Drawdown Current decline from peak	-0.27%	-2.42%	+2.15%
Average Drawdown Average peak-to-trough decline	-3.73%	-3.01%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.94%	-0.18%

Volatility

TDVG vs. DGRW - Volatility Comparison

The current volatility for T. Rowe Price Dividend Growth ETF (TDVG) is 2.70%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 3.64%. This indicates that TDVG experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDVG	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	3.64%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	8.21%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	10.27%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	14.01%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	16.24%	-2.34%

TDVG vs. DGRW - Expense Ratio Comparison

TDVG has a 0.50% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

TDVG vs. DGRW - Dividend Comparison

TDVG's dividend yield for the trailing twelve months is around 0.97%, less than DGRW's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.29%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
TDVG T. Rowe Price Dividend Growth ETF	0.97%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDVG and DGRW in my portfolio?

TDVG and DGRW have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDVG or DGRW?

DGRW has higher volatility (3.64%) compared to TDVG (2.70%). In terms of maximum drawdown, TDVG dropped -19.20% vs DGRW's -32.04%.

Which ETF is better, TDVG or DGRW?

On 5-year performance, DGRW leads with 12.16% vs 10.44% for TDVG. On fees, DGRW is cheaper at 0.28% per year. On volatility, TDVG has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDVG or DGRW?

Over the 5-year period, DGRW has performed better with a 12.16% return vs 10.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVG or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.50% for TDVG.

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

DGRW has the higher dividend yield at 1.29%, compared with 0.97% for TDVG.

What is the main difference between TDVG and DGRW?

TDVG is categorized as Large Cap Growth Equities, while DGRW is Dividend. They also come from different issuers: T. Rowe Price and WisdomTree. Their fees differ too: 0.50% for TDVG and 0.28% for DGRW.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.98 vs 1.85), 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.