WFHY vs. DGRW
WFHY (WisdomTree U.S. High Yield Corporate Bond Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - WFHY is a High Yield Bonds fund tracking the WisdomTree Fundamental U.S. High Yield Corporate Bond 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, WFHY returned 4.96%/yr vs 14.19%/yr for DGRW. A 0.57 correlation means they provide meaningful diversification when combined. WFHY charges 0.38%/yr vs 0.28%/yr for DGRW.
Performance
WFHY vs. DGRW - Performance Comparison
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Returns By Period
In the year-to-date period, WFHY achieves a 1.51% return, which is significantly lower than DGRW's 9.87% return. Over the past 10 years, WFHY has underperformed DGRW with an annualized return of 4.96%, while DGRW has yielded a comparatively higher 14.19% annualized return.
WFHY
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 1.51%
- 6M
- 1.74%
- 1Y
- 7.04%
- 3Y*
- 8.17%
- 5Y*
- 3.22%
- 10Y*
- 4.96%
DGRW
- 1D
- 0.71%
- 1M
- 4.18%
- YTD
- 9.87%
- 6M
- 9.49%
- 1Y
- 21.83%
- 3Y*
- 17.10%
- 5Y*
- 12.33%
- 10Y*
- 14.19%
WFHY vs. DGRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 1.51% | 9.61% | 5.92% | 10.12% | -11.81% | 4.12% | 5.99% | 15.65% | -0.06% | 5.66% |
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 9.87% | 12.17% | 16.98% | 18.66% | -6.33% | 24.46% | 13.87% | 29.54% | -5.38% | 26.90% |
Correlation
The correlation between WFHY and DGRW is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2016 | 0.57 |
The correlation between WFHY and DGRW has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
WFHY vs. DGRW — Risk / Return Rank
WFHY
DGRW
WFHY vs. DGRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) 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.
| WFHY | DGRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.64 | -0.09 |
| Martin ratioReturn relative to average drawdown | 11.61 | 11.58 | +0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WFHY | DGRW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.22 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.89 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.88 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.86 | -0.24 |
Drawdowns
WFHY vs. DGRW - Drawdown Comparison
The maximum WFHY drawdown since its inception was -22.74%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for WFHY and DGRW.
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Drawdown Indicators
| WFHY | DGRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -32.04% | +9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -8.30% | +5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -16.21% | +11.63% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -17.27% | +1.06% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -32.04% | +9.30% |
Current DrawdownCurrent decline from peak | -0.03% | -0.12% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -3.01% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.89% | -1.28% |
Volatility
WFHY vs. DGRW - Volatility Comparison
The current volatility for WisdomTree U.S. High Yield Corporate Bond Fund (WFHY) is 1.07%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 2.49%. This indicates that WFHY 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.
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Volatility by Period
| WFHY | DGRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 2.49% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 7.67% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 9.89% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 13.97% | -6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.20% | 16.21% | -8.01% |
WFHY vs. DGRW - Expense Ratio Comparison
WFHY has a 0.38% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Dividends
WFHY vs. DGRW - Dividend Comparison
WFHY's dividend yield for the trailing twelve months is around 6.25%, more than DGRW's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 1.26% | 1.43% | 1.55% | 1.74% | 2.15% | 1.78% | 1.93% | 2.20% | 2.42% | 1.71% | 2.13% | 2.18% |
WFHY WisdomTree U.S. High Yield Corporate Bond Fund | 6.25% | 6.26% | 6.40% | 6.11% | 5.44% | 4.09% | 4.80% | 5.21% | 5.93% | 6.47% | 4.39% | 0.00% |
Frequently Asked Questions
WFHY and DGRW have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRW has higher volatility (2.49%) compared to WFHY (1.07%). In terms of maximum drawdown, WFHY dropped -22.74% vs DGRW's -32.04%.
On 10-year performance, DGRW leads with 14.19% vs 4.96% for WFHY. On fees, DGRW is cheaper at 0.28% per year. On volatility, WFHY has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGRW has performed better with a 14.19% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGRW is cheaper with a 0.28% expense ratio, compared with 0.38% for WFHY.
WFHY has the higher dividend yield at 6.25%, compared with 1.26% for DGRW.
WFHY is categorized as High Yield Bonds, while DGRW is Dividend. WFHY tracks WisdomTree Fundamental U.S. High Yield Corporate Bond Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. Their fees differ too: 0.38% for WFHY and 0.28% for DGRW.
DGRW currently has the higher Sharpe Ratio (2.22 vs 1.95), 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.
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