WMFFX vs. DGRO

Last updated Jun 25, 2026

WMFFX (Washington Mutual Investors Fund Class F-2) and DGRO (iShares Core Dividend Growth ETF) are both funds - WMFFX is a Large Cap Value Equities fund tracking the S&P 500, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, WMFFX returned 13.14%/yr vs 13.64%/yr for DGRO. Their correlation of 0.95 suggests significant overlap in exposure. WMFFX charges 0.37%/yr vs 0.08%/yr for DGRO.

Performance

WMFFX vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Washington Mutual Investors Fund Class F-2 (WMFFX) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WMFFX achieves a 5.26% return, which is significantly lower than DGRO's 9.37% return. Both investments have delivered pretty close results over the past 10 years, with WMFFX having a 13.14% annualized return and DGRO not far ahead at 13.64%.

WMFFX

• 1D: -0.29%
• 1M: -0.04%
• YTD: 5.26%
• 6M: 4.09%
• 1Y: 15.10%
• 3Y*: 17.83%
• 5Y*: 12.08%
• 10Y*: 13.14%

DGRO

• 1D: 0.16%
• 1M: 0.96%
• YTD: 9.37%
• 6M: 8.18%
• 1Y: 21.50%
• 3Y*: 16.99%
• 5Y*: 10.89%
• 10Y*: 13.64%

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

WMFFX vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WMFFX Washington Mutual Investors Fund Class F-2	5.26%	17.42%	19.24%	16.96%	-8.27%	28.71%	7.89%	25.03%	-5.98%	20.23%
DGRO iShares Core Dividend Growth ETF	9.37%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%

Correlation

The correlation between WMFFX and DGRO is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.95

The correlation between WMFFX and DGRO has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.

Return for Risk

WMFFX vs. DGRO — Risk / Return Rank

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

WMFFX

WMFFX Risk / Return Rank: 36
WMFFX Sharpe Ratio Rank: 35
WMFFX Sortino Ratio Rank: 35
WMFFX Omega Ratio Rank: 35
WMFFX Calmar Ratio Rank: 32
WMFFX Martin Ratio Rank: 43

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 79
DGRO Sortino Ratio Rank: 83
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 73
DGRO Martin Ratio Rank: 76

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.

WMFFX vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Washington Mutual Investors Fund Class F-2 (WMFFX) and iShares Core Dividend Growth ETF (DGRO). 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.

	WMFFX	DGRO	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.28	-0.72
Sortino ratio: Return per unit of downside risk	2.23	3.32	-1.08
Omega ratio: Gain probability vs. loss probability	1.28	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	1.96	3.34	-1.38
Martin ratio: Return relative to average drawdown	8.44	12.88	-4.44

WMFFX vs. DGRO - Sharpe Ratio Comparison

The current WMFFX Sharpe Ratio is 1.55, which is lower than the DGRO Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of WMFFX and DGRO, 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

WMFFX vs. DGRO - Drawdown Comparison

The maximum WMFFX drawdown since its inception was -47.21%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for WMFFX and DGRO.

Drawdown Indicators

	WMFFX	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-47.21%	-35.10%	-12.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-6.47%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-14.64%	-14.03%	-0.61%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-19.31%	+0.78%
Max Drawdown (10Y) Largest decline over 10 years	-34.63%	-35.10%	+0.47%
Current Drawdown Current decline from peak	-1.30%	-0.74%	-0.56%
Average Drawdown Average peak-to-trough decline	-5.34%	-3.43%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.67%	+0.26%

Volatility

WMFFX vs. DGRO - Volatility Comparison

Washington Mutual Investors Fund Class F-2 (WMFFX) has a higher volatility of 2.92% compared to iShares Core Dividend Growth ETF (DGRO) at 2.48%. This indicates that WMFFX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WMFFX	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.48%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	6.94%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	10.54%	9.51%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	13.79%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	16.59%	-0.28%

WMFFX vs. DGRO - Expense Ratio Comparison

WMFFX has a 0.37% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

WMFFX vs. DGRO - Dividend Comparison

WMFFX's dividend yield for the trailing twelve months is around 10.04%, more than DGRO's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.96%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
WMFFX Washington Mutual Investors Fund Class F-2	10.04%	10.28%	10.27%	5.92%	6.53%	6.24%	3.26%	6.33%	4.59%	7.43%	6.56%	6.44%

Frequently Asked Questions

Can I hold both WMFFX and DGRO in my portfolio?

WMFFX and DGRO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WMFFX or DGRO?

WMFFX has higher volatility (2.92%) compared to DGRO (2.48%). In terms of maximum drawdown, WMFFX dropped -47.21% vs DGRO's -35.10%.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.28 vs 1.55), 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.