XLUP.L vs. DGRW

Last updated Jun 5, 2026

XLUP.L (Invesco US Utilities Sector UCITS ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - XLUP.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, XLUP.L returned 9.27%/yr vs 15.05%/yr for DGRW. At a 0.29 correlation, their price movements are largely independent. XLUP.L charges 0.14%/yr vs 0.28%/yr for DGRW.

Performance

XLUP.L vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Utilities Sector UCITS ETF (XLUP.L) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XLUP.L is traded in GBp, while DGRW is traded in USD. To make them comparable, the DGRW values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLUP.L achieves a 1.53% return, which is significantly lower than DGRW's 10.32% return. Over the past 10 years, XLUP.L has underperformed DGRW with an annualized return of 9.27%, while DGRW has yielded a comparatively higher 15.05% annualized return.

XLUP.L

• 1D: -2.12%
• 1M: -5.97%
• YTD: 1.53%
• 6M: -0.68%
• 1Y: 9.53%
• 3Y*: 9.71%
• 5Y*: 9.57%
• 10Y*: 9.27%

DGRW

• 1D: 0.71%
• 1M: 4.17%
• YTD: 10.32%
• 6M: 8.80%
• 1Y: 23.51%
• 3Y*: 14.15%
• 5Y*: 13.54%
• 10Y*: 15.05%

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

XLUP.L vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLUP.L Invesco US Utilities Sector UCITS ETF	1.53%	8.12%	24.62%	-13.04%	13.97%	20.12%	-4.75%	21.36%	8.83%	0.91%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	10.32%	4.18%	19.03%	12.73%	4.80%	25.64%	10.52%	24.61%	0.23%	15.92%

Correlation

The correlation between XLUP.L and DGRW is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	0.29

Over the past year, the correlation between XLUP.L and DGRW has dropped to 0.05 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

XLUP.L vs. DGRW - Sectors Allocation Comparison

Sectors	XLUP.L	DGRW
Utilities	100.0%	0.2%
Basic Materials	-	3.3%
Communication Services	-	10.1%
Consumer Cyclical	-	7.1%
Consumer Defensive	-	6.7%
Energy	-	5.0%
Financial Services	-	11.3%
Healthcare	-	12.8%
Industrials	-	9.9%
Real Estate	-	-
Technology	-	32.1%

Return for Risk

XLUP.L vs. DGRW — Risk / Return Rank

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

XLUP.L

XLUP.L Risk / Return Rank: 20
XLUP.L Sharpe Ratio Rank: 20
XLUP.L Sortino Ratio Rank: 19
XLUP.L Omega Ratio Rank: 19
XLUP.L Calmar Ratio Rank: 22
XLUP.L Martin Ratio Rank: 19

DGRW

DGRW Risk / Return Rank: 66
DGRW Sharpe Ratio Rank: 69
DGRW Sortino Ratio Rank: 72
DGRW Omega Ratio Rank: 70
DGRW Calmar Ratio Rank: 54
DGRW Martin Ratio Rank: 65

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.

XLUP.L vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Utilities Sector UCITS ETF (XLUP.L) 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.

	XLUP.L	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	0.65	2.34	-1.70
Sortino ratio: Return per unit of downside risk	0.98	3.21	-2.22
Omega ratio: Gain probability vs. loss probability	1.12	1.44	-0.32
Calmar ratio: Return relative to maximum drawdown	1.01	3.49	-2.48
Martin ratio: Return relative to average drawdown	2.13	14.11	-11.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLUP.L vs. DGRW - Sharpe Ratio Comparison

The current XLUP.L Sharpe Ratio is 0.65, which is lower than the DGRW Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of XLUP.L 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

	XLUP.L	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	2.34	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	1.01	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.91	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.88	-0.29

Drawdowns

XLUP.L vs. DGRW - Drawdown Comparison

The maximum XLUP.L drawdown since its inception was -29.94%, which is greater than DGRW's maximum drawdown of -23.81%. Use the drawdown chart below to compare losses from any high point for XLUP.L and DGRW.

Drawdown Indicators

	XLUP.L	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-29.94%	-23.81%	-6.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.35%	-6.62%	-2.73%
Max Drawdown (3Y) Largest decline over 3 years	-13.80%	-18.72%	+4.92%
Max Drawdown (5Y) Largest decline over 5 years	-29.94%	-18.72%	-11.22%
Max Drawdown (10Y) Largest decline over 10 years	-29.94%	-23.81%	-6.13%
Current Drawdown Current decline from peak	-9.00%	0.00%	-9.00%
Average Drawdown Average peak-to-trough decline	-8.16%	-2.97%	-5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	1.64%	+2.82%

Volatility

XLUP.L vs. DGRW - Volatility Comparison

Invesco US Utilities Sector UCITS ETF (XLUP.L) has a higher volatility of 5.29% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 2.70%. This indicates that XLUP.L'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

	XLUP.L	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	2.70%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	12.13%	7.41%	+4.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.65%	9.87%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	13.45%	+3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	16.67%	+1.67%

XLUP.L vs. DGRW - Expense Ratio Comparison

XLUP.L has a 0.14% expense ratio, which is lower than DGRW's 0.28% expense ratio.

Dividends

XLUP.L vs. DGRW - Dividend Comparison

XLUP.L has not paid dividends to shareholders, while DGRW's dividend yield for the trailing twelve months is around 1.26%.

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%
XLUP.L Invesco US Utilities Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLUP.L and DGRW in my portfolio?

XLUP.L and DGRW have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLUP.L or DGRW?

On fees, XLUP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLUP.L or DGRW?

XLUP.L is cheaper with a 0.14% expense ratio, compared with 0.28% for DGRW.

What is the main difference between XLUP.L and DGRW?

XLUP.L is categorized as Utilities Equities, while DGRW is Dividend. XLUP.L tracks MSCI World/Utilities NR USD, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.14% for XLUP.L and 0.28% for DGRW.