WOMN vs. TDVG

Last updated Jun 25, 2026

WOMN (Impact Shares YWCA Women’s Empowerment ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Growth Equities funds. WOMN is passively managed, while TDVG is actively managed. Over the past 5 years, WOMN returned 7.87%/yr vs 10.13%/yr for TDVG. Their correlation of 0.87 suggests significant overlap in exposure. WOMN charges 0.75%/yr vs 0.50%/yr for TDVG.

Performance

WOMN vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Impact Shares YWCA Women’s Empowerment ETF (WOMN) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WOMN achieves a 2.25% return, which is significantly lower than TDVG's 8.26% return.

WOMN

• 1D: 0.03%
• 1M: -1.31%
• YTD: 2.25%
• 6M: 1.27%
• 1Y: 8.77%
• 3Y*: 13.37%
• 5Y*: 7.87%
• 10Y*: —

TDVG

• 1D: 0.21%
• 1M: 1.43%
• YTD: 8.26%
• 6M: 7.09%
• 1Y: 16.92%
• 3Y*: 15.63%
• 5Y*: 10.13%
• 10Y*: —

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

WOMN vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WOMN Impact Shares YWCA Women’s Empowerment ETF	2.25%	8.62%	16.95%	28.19%	-20.61%	24.89%	24.34%
TDVG T. Rowe Price Dividend Growth ETF	8.26%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%

Correlation

The correlation between WOMN and TDVG is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.87

The correlation between WOMN and TDVG has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

WOMN vs. TDVG - Sectors Allocation Comparison

Sectors	WOMN	TDVG
Technology	32.2%	26.2%
Financial Services	14.2%	19.3%
Healthcare	11.0%	12.4%
Communication Services	9.4%	1.0%
Consumer Cyclical	7.9%	7.2%
Industrials	7.3%	13.6%
Consumer Defensive	6.8%	6.9%
Energy	5.6%	5.3%
Real Estate	2.0%	1.6%
Utilities	1.8%	3.8%
Basic Materials	1.8%	2.8%

Return for Risk

WOMN vs. TDVG — Risk / Return Rank

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

WOMN

WOMN Risk / Return Rank: 25
WOMN Sharpe Ratio Rank: 25
WOMN Sortino Ratio Rank: 24
WOMN Omega Ratio Rank: 22
WOMN Calmar Ratio Rank: 25
WOMN Martin Ratio Rank: 31

TDVG

TDVG Risk / Return Rank: 58
TDVG Sharpe Ratio Rank: 59
TDVG Sortino Ratio Rank: 60
TDVG Omega Ratio Rank: 56
TDVG Calmar Ratio Rank: 53
TDVG Martin Ratio Rank: 60

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.

WOMN vs. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Impact Shares YWCA Women’s Empowerment ETF (WOMN) and T. Rowe Price Dividend Growth ETF (TDVG). 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.

	WOMN	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.75	-0.93
Sortino ratio: Return per unit of downside risk	1.21	2.51	-1.30
Omega ratio: Gain probability vs. loss probability	1.15	1.31	-0.17
Calmar ratio: Return relative to maximum drawdown	1.13	2.35	-1.22
Martin ratio: Return relative to average drawdown	4.08	9.64	-5.56

WOMN vs. TDVG - Sharpe Ratio Comparison

The current WOMN Sharpe Ratio is 0.81, which is lower than the TDVG Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of WOMN and TDVG, 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

WOMN vs. TDVG - Drawdown Comparison

The maximum WOMN drawdown since its inception was -32.23%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for WOMN and TDVG.

Drawdown Indicators

	WOMN	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-32.23%	-19.20%	-13.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-7.24%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-14.02%	-3.32%
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	-19.20%	-6.60%
Current Drawdown Current decline from peak	-2.53%	-0.61%	-1.92%
Average Drawdown Average peak-to-trough decline	-5.50%	-3.72%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.76%	+0.39%

Volatility

WOMN vs. TDVG - Volatility Comparison

Impact Shares YWCA Women’s Empowerment ETF (WOMN) has a higher volatility of 3.13% compared to T. Rowe Price Dividend Growth ETF (TDVG) at 2.70%. This indicates that WOMN's price experiences larger fluctuations and is considered to be riskier than TDVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WOMN	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	2.70%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	7.60%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	10.87%	9.76%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	13.92%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.65%	13.90%	+4.75%

WOMN vs. TDVG - Expense Ratio Comparison

WOMN has a 0.75% expense ratio, which is higher than TDVG's 0.50% expense ratio.

Dividends

WOMN vs. TDVG - Dividend Comparison

WOMN's dividend yield for the trailing twelve months is around 0.80%, less than TDVG's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%	0.00%
WOMN Impact Shares YWCA Women’s Empowerment ETF	0.80%	0.76%	1.08%	1.80%	5.59%	3.10%	6.15%	1.12%	0.90%

Frequently Asked Questions

Can I hold both WOMN and TDVG in my portfolio?

WOMN and TDVG have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WOMN or TDVG?

WOMN has higher volatility (3.13%) compared to TDVG (2.70%). In terms of maximum drawdown, WOMN dropped -32.23% vs TDVG's -19.20%.

Which ETF is better, WOMN or TDVG?

On 5-year performance, TDVG leads with 10.13% vs 7.87% for WOMN. On fees, TDVG is cheaper at 0.50% 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, WOMN or TDVG?

Over the 5-year period, TDVG has performed better with a 10.13% return vs 7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WOMN or TDVG?

TDVG is cheaper with a 0.50% expense ratio, compared with 0.75% for WOMN.

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

TDVG has the higher dividend yield at 0.98%, compared with 0.80% for WOMN.

What is the main difference between WOMN and TDVG?

They also come from different issuers: Impact Shares and T. Rowe Price. Their fees differ too: 0.75% for WOMN and 0.50% for TDVG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.75 vs 0.81), 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.