TGVFX vs. DGRW

Last updated Jun 24, 2026

TGVFX (Touchstone Growth Opportunities Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both funds - TGVFX is a Large Cap Growth Equities fund managed by Touchstone, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Over the past 10 years, TGVFX returned 20.02%/yr vs 14.14%/yr for DGRW. Their correlation of 0.84 suggests significant overlap in exposure. TGVFX charges 1.25%/yr vs 0.28%/yr for DGRW.

Performance

TGVFX vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Growth Opportunities Fund (TGVFX) 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, TGVFX achieves a 4.46% return, which is significantly lower than DGRW's 6.36% return. Over the past 10 years, TGVFX has outperformed DGRW with an annualized return of 20.02%, while DGRW has yielded a comparatively lower 14.14% annualized return.

TGVFX

• 1D: -0.82%
• 1M: -0.63%
• YTD: 4.46%
• 6M: 3.10%
• 1Y: 22.23%
• 3Y*: 22.92%
• 5Y*: 12.53%
• 10Y*: 20.02%

DGRW

• 1D: -0.92%
• 1M: -1.62%
• YTD: 6.36%
• 6M: 5.72%
• 1Y: 16.86%
• 3Y*: 15.10%
• 5Y*: 11.78%
• 10Y*: 14.14%

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

TGVFX vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGVFX Touchstone Growth Opportunities Fund	4.46%	17.61%	32.50%	42.73%	-28.62%	22.55%	33.12%	72.37%	-4.05%	28.05%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	6.36%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between TGVFX and DGRW is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.84

The correlation between TGVFX and DGRW has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.

Return for Risk

TGVFX vs. DGRW — Risk / Return Rank

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

TGVFX

TGVFX Risk / Return Rank: 24
TGVFX Sharpe Ratio Rank: 29
TGVFX Sortino Ratio Rank: 26
TGVFX Omega Ratio Rank: 27
TGVFX Calmar Ratio Rank: 19
TGVFX Martin Ratio Rank: 21

DGRW

DGRW Risk / Return Rank: 48
DGRW Sharpe Ratio Rank: 49
DGRW Sortino Ratio Rank: 50
DGRW Omega Ratio Rank: 49
DGRW Calmar Ratio Rank: 42
DGRW Martin Ratio Rank: 52

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.

TGVFX vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Growth Opportunities Fund (TGVFX) 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.

	TGVFX	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.65	-0.22
Sortino ratio: Return per unit of downside risk	1.97	2.36	-0.39
Omega ratio: Gain probability vs. loss probability	1.25	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	1.49	2.04	-0.55
Martin ratio: Return relative to average drawdown	4.94	8.67	-3.73

TGVFX vs. DGRW - Sharpe Ratio Comparison

The current TGVFX Sharpe Ratio is 1.43, which is comparable to the DGRW Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of TGVFX 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

TGVFX vs. DGRW - Drawdown Comparison

The maximum TGVFX drawdown since its inception was -69.41%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for TGVFX and DGRW.

Drawdown Indicators

	TGVFX	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-69.41%	-32.04%	-37.37%
Max Drawdown (1Y) Largest decline over 1 year	-16.01%	-8.30%	-7.71%
Max Drawdown (3Y) Largest decline over 3 years	-23.50%	-16.21%	-7.29%
Max Drawdown (5Y) Largest decline over 5 years	-40.77%	-17.27%	-23.50%
Max Drawdown (10Y) Largest decline over 10 years	-40.77%	-32.04%	-8.73%
Current Drawdown Current decline from peak	-4.32%	-3.32%	-1.00%
Average Drawdown Average peak-to-trough decline	-22.69%	-3.01%	-19.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	1.95%	+2.85%

Volatility

TGVFX vs. DGRW - Volatility Comparison

Touchstone Growth Opportunities Fund (TGVFX) has a higher volatility of 5.79% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.75%. This indicates that TGVFX'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

	TGVFX	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	3.75%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	8.26%	+4.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	10.30%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.11%	14.01%	+10.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.59%	16.21%	+7.38%

TGVFX vs. DGRW - Expense Ratio Comparison

TGVFX has a 1.25% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

TGVFX vs. DGRW - Dividend Comparison

TGVFX's dividend yield for the trailing twelve months is around 18.42%, more than DGRW's 1.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.30%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
TGVFX Touchstone Growth Opportunities Fund	18.42%	19.24%	6.16%	2.66%	2.40%	17.21%	10.29%	34.44%	11.32%	9.98%	3.67%	10.49%

Frequently Asked Questions

Can I hold both TGVFX and DGRW in my portfolio?

TGVFX and DGRW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGVFX or DGRW?

TGVFX has higher volatility (5.79%) compared to DGRW (3.75%). In terms of maximum drawdown, TGVFX dropped -69.41% vs DGRW's -32.04%.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.65 vs 1.43), 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.