VIG vs. DGRW

Last updated Jun 4, 2026

VIG (Vanguard Dividend Appreciation ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both Dividend funds - VIG tracks the S&P U.S. Dividend Growers Index while DGRW tracks the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, VIG returned 13.23%/yr vs 14.15%/yr for DGRW. With a 0.95 correlation, they move nearly in lockstep. VIG charges 0.04%/yr vs 0.28%/yr for DGRW.

Performance

VIG vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Dividend Appreciation ETF (VIG) 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, VIG achieves a 7.57% return, which is significantly lower than DGRW's 9.10% return. Over the past 10 years, VIG has underperformed DGRW with an annualized return of 13.23%, while DGRW has yielded a comparatively higher 14.15% annualized return.

VIG

• 1D: -0.19%
• 1M: 3.79%
• YTD: 7.57%
• 6M: 6.99%
• 1Y: 19.63%
• 3Y*: 16.49%
• 5Y*: 10.62%
• 10Y*: 13.23%

DGRW

• 1D: -0.83%
• 1M: 4.06%
• YTD: 9.10%
• 6M: 8.62%
• 1Y: 20.79%
• 3Y*: 16.64%
• 5Y*: 12.17%
• 10Y*: 14.15%

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

VIG vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIG Vanguard Dividend Appreciation ETF	7.57%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	9.10%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between VIG and DGRW is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 23, 2013	0.95

The correlation between VIG and DGRW has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

VIG vs. DGRW - Sectors Allocation Comparison

Sectors	VIG	DGRW
Technology	26.2%	32.1%
Financial Services	20.6%	11.3%
Healthcare	16.5%	12.8%
Industrials	11.8%	9.9%
Consumer Defensive	10.1%	6.7%
Consumer Cyclical	4.7%	7.1%
Energy	3.5%	5.0%
Basic Materials	3.5%	3.3%
Utilities	3.2%	0.2%
Communication Services	0.5%	10.1%
Real Estate	-	-

Return for Risk

VIG vs. DGRW — Risk / Return Rank

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

VIG

VIG Risk / Return Rank: 56
VIG Sharpe Ratio Rank: 57
VIG Sortino Ratio Rank: 60
VIG Omega Ratio Rank: 56
VIG Calmar Ratio Rank: 50
VIG Martin Ratio Rank: 56

DGRW

DGRW Risk / Return Rank: 60
DGRW Sharpe Ratio Rank: 61
DGRW Sortino Ratio Rank: 65
DGRW Omega Ratio Rank: 63
DGRW Calmar Ratio Rank: 50
DGRW Martin Ratio Rank: 61

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.

VIG vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) 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.

	VIG	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.12	-0.14
Sortino ratio: Return per unit of downside risk	2.88	3.09	-0.21
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	2.49	2.52	-0.02
Martin ratio: Return relative to average drawdown	10.06	11.03	-0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIG vs. DGRW - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.97, which is comparable to the DGRW Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of VIG 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.

Sharpe Ratios by Period

	VIG	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.12	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.88	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.88	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.86	-0.26

Drawdowns

VIG vs. DGRW - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for VIG and DGRW.

Drawdown Indicators

	VIG	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-46.81%	-32.04%	-14.77%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	-8.30%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-16.21%	+1.26%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-17.27%	-3.12%
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	-32.04%	+0.32%
Current Drawdown Current decline from peak	-0.19%	-0.83%	+0.64%
Average Drawdown Average peak-to-trough decline	-5.51%	-3.01%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.89%	+0.07%

Volatility

VIG vs. DGRW - Volatility Comparison

The current volatility for Vanguard Dividend Appreciation ETF (VIG) is 2.19%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 2.47%. This indicates that VIG 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

	VIG	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	2.47%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	7.64%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	10.01%	9.88%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.23%	13.97%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	16.21%	-0.16%

VIG vs. DGRW - Expense Ratio Comparison

VIG has a 0.04% expense ratio, which is lower than DGRW's 0.28% expense ratio.

Dividends

VIG vs. DGRW - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.47%, more than DGRW's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.27%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
VIG Vanguard Dividend Appreciation ETF	1.47%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both VIG and DGRW in my portfolio?

With a correlation of 0.91, VIG and DGRW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VIG or DGRW?

DGRW has higher volatility (2.47%) compared to VIG (2.19%). In terms of maximum drawdown, VIG dropped -46.81% vs DGRW's -32.04%.

Which ETF is better, VIG or DGRW?

On 10-year performance, DGRW leads with 14.15% vs 13.23% for VIG. On fees, VIG is cheaper at 0.04% per year. On volatility, VIG has been the lower-risk option at 2.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIG or DGRW?

Over the 10-year period, DGRW has performed better with a 14.15% return vs 13.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIG or DGRW?

VIG is cheaper with a 0.04% expense ratio, compared with 0.28% for DGRW.

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

VIG has the higher dividend yield at 1.47%, compared with 1.27% for DGRW.

What is the main difference between VIG and DGRW?

VIG tracks S&P U.S. Dividend Growers Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.04% for VIG and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (2.12 vs 1.97), 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.