At a glance
DGRW charges 0.28% a year, above the 0.1% average of the 8 funds most like it (the 8th cheapest of 9). It has $16.60B in assets, the 5th largest of that group; it paid 1.27% of its price in distributions over the past 12 months, monthly. Over the past year it returned +11.7% with distributions reinvested (S&P 500: +11.5%), 6th of those 9 funds; over three years it returned +17.0% a year. At its worst it fell 31.9% in the 2020 crash (S&P 500: 33.7%) and 17.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 5 months and 8 months after the lows. Its ten largest positions make up 36.1% of the fund, out of 197 in all.
The short version
WisdomTree US Quality Dividend Growth Fund (DGRW) is an index ETF that holds about 200 U.S. dividend-paying companies. They are picked for profitability and earnings growth, then weighted by the dividends they are expected to pay. As of June 30, 2026, NVIDIA and Microsoft led the list. It costs 0.28% a year, well above the 0.03% charged by S&P 500 funds such as VOO. Its trailing yield was a modest 1.26% as of October 29, 2026.
Price history
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DGRW +11.7% over the year to Nov 2, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DGRW official prospectus, to Dec 31, 2025 | — | +12.24% | — | +12.67% | +13.68% | — |
| Wisdom Tree U.S. Quality Dividend Growth Index (Reflects no deduction for fees, expenses or taxes) index, same period | — | +12.58% | — | +13.02% | +14.04% | — |
| Index34 index, same period | — | +17.25% | — | +13.30% | +14.41% | — |
| Index35 index, same period | — | +17.88% | — | +14.42% | +14.82% | — |
| DGRW price data to Nov 2, 2026 | +10.9% | +11.7% | +17.0% | +11.3% | +14.4% | +13.0% |
- Over the year to Nov 2, 2026, DGRW returned +11.7%, 6th of 9 among similar funds.
- Its 5-year annualized return was +11.3% and its 10-year +14.4%.
- In the 2020 COVID crash it fell 31.9% and regained its old high 4.6 months after the low.
- Its worst full calendar year was 2022 (-6.3%); its best was 2019 (+29.6%).
- The deepest fall in its price history was 32% (Jan 17, 2020 to Mar 23, 2020), recovered by Aug 10, 2020.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +10.9% | — |
| 2025 | +12.2% | +12.24% |
| 2024 | +17.0% | +16.97% |
| 2023 | +18.7% | +18.67% |
| 2022 | -6.3% | -6.36% |
| 2021 | +24.5% | +24.44% |
| 2020 | +13.9% | +13.83% |
| 2019 | +29.6% | +29.55% |
| 2018 | -5.3% | -5.22% |
| 2017 | +27.0% | +26.94% |
| 2016 | +12.1% | +11.97% |
| 2015 | -0.3% | — |
| 2014 | +13.8% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 31.9% over that stretch · deepest drop along the way 31.9%, back to its old high 4.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 15.6% over that stretch · deepest drop along the way 17.2%, back to its old high 8.4 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.9300 | |
| 2025 | $1.3030 | +1.8% |
| 2024 | $1.2800 | +2.4% |
| 2023 | $1.2500 | -6.7% |
| 2022 | $1.3400 | +10.7% |
| 2021 | $1.2100 | +13.1% |
| 2020 | $1.0700 | -0.9% |
| 2019 | $1.0800 | +12.5% |
| 2018 | $0.9600 | +31.5% |
| 2017 | $0.7300 | +1.4% |
| 2016 | $0.7200 | +9.1% |
| 2015 | $0.6600 | +15.8% |
| 2014 | $0.5700 |
Living on DGRW: its income record, cuts, and how much a $1,000 monthly income takes →
What's inside
As of Jun 30, 2026, the fund held 197 securities; the ten largest made up 36.13% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORP | 7.94% | |
| MICROSOFT CORP | 5.74% | |
| APPLE INC | 3.86% | |
| META PLATFORMS INC | 2.97% | |
| UNITEDHEALTH GROUP INC | 2.92% | |
| COCA-COLA COMPANY (THE) | 2.88% | |
| HOME DEPOT INC (THE) | 2.81% | |
| JOHNSON & JOHNSON | 2.34% | |
| BROADCOM INC | 2.34% | |
| ORACLE CORP | 2.34% | |
| ALPHABET INC Class C | 2.31% | |
| ALPHABET INC Class A | 2.31% | |
| ABBVIE INC | 2.07% | |
| CATERPILLAR INC | 1.80% | |
| APPLIED MATERIALS INC | 1.71% |
By country
United States 99.92%By asset type
Stocks 99.92%By sector
Sectors of the companies held, for the 92.5% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $140.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +7.02%, +3.46%, -1.31%.
How it works
DGRW tracks the WisdomTree U.S. Quality Dividend Growth Index. WisdomTree designed the index and also owns the fund's adviser. The starting pool is the WisdomTree U.S. Total Dividend Index, a list of dividend payers that are based in the U.S. and listed on a U.S. exchange. To qualify, a company must have paid regular cash dividends over the past 12 months. It also needs a market value of at least $2 billion and median daily trading of at least $100,000. Finally, its earnings yield must be higher than its dividend yield, which means it earns more than it pays out.
Each company gets a score that weighs quality and growth equally. Quality is based on three-year average return on equity and return on assets, two measures of how much profit a company makes from its resources. Growth blends analysts' earnings forecasts with five years of past earnings and sales growth. The 200 highest scorers make the cut.
Once a year, holdings are weighted by the cash dividends each company is projected to pay, so bigger payers get bigger weights. At that rebalance, no stock can top 8%. Technology is capped at 30% and real estate at 10%. Other sectors are capped at 20% or twice their market-value weight, whichever is lower. Weights can drift between rebalances: technology was 31.8% on June 30, 2026. The fund may hold a representative sample of the index rather than every stock. Its portfolio turnover was 41%.
What it really costs
- DGRW charges 0.28% a year, versus an average of 0.1% for the similar funds below (8th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $29 in the first year and $356 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DGRW | $29 | $90 | $157 | $356 |
In a retirement portfolio
It holds about 200 large U.S. companies across most sectors, with a tilt toward profitable dividend growers rather than a narrow or high-risk theme.
DGRW could serve as the U.S. stock core of a portfolio. Its downturn record is mixed. In the 2020 COVID crash it fell 31.9% and recovered by August 10, 2020, about 4.6 months later, so it gave little cushion. In 2022 it held up better. Its deepest drop was 17.2%, recovery took 8.4 months, and the calendar-year loss of 6.36% was its worst from 2016 through 2025. The fund launched in 2013, so it has no record from 2008. Anyone drawing money in a bad year could still face steep short-term losses.
Income is modest. The yield was 1.26% over the 12 months to October 29, 2026, paid monthly. The fund costs 0.28% a year, which the SEC's standard example puts at $29 on $10,000 in the first year. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting the index's 200 US dividend payers picked for profitability and earnings growth, such as Microsoft, Coca-Cola and Home Depot, over the highest yielders.
- Investors who value monthly payouts and somewhat milder swings; beta, a measure of market sensitivity, was 0.75 as of October 30, 2026.
- Long-term investors wanting a lengthy record: launched in May 2013, it averaged 13.68% a year over the 10 years to December 31, 2025.
Look elsewhere if
- Cost-focused investors: the 0.28% annual fee is well above VOO's 0.03%, and its 3-year return ranked last of 9 similar funds as of October 30, 2026.
- Income seekers needing a high payout: the trailing 12-month yield was 1.27% as of October 30, 2026, even though it pays monthly.
- Investors wanting less big-tech exposure: technology made up 31.8% of the fund, with NVIDIA alone at 7.9%, as of June 30, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| DGRW this fund | — | 0.28% | $16.60B | +11.7% | +17.0% |
| IWL iShares Russell Top 200 ETF | 53% | 0.15% | $2.19B | +12.5% | +25.5% |
| USCL iShares Climate Conscious & Transition MSCI… | 51% | 0.08% | $2.87B | +9.2% | +23.1% |
| SPY SPDR S&P 500 ETF Trust | 51% | 0.0945% | $781.19B | +11.5% | +21.9% |
| VOO Vanguard S&P 500 ETF | 51% | 0.03% | $1.67T | +12.4% | +23.6% |
| IVV iShares Core S&P 500 ETF | 51% | 0.03% | $888.13B | +11.5% | +22.0% |
| VV Vanguard Large Cap ETF | 50% | 0.04% | $73.83B | +12.0% | +23.8% |
| USPX Franklin U.S. Equity Index ETF | 50% | 0.03% | $1.98B | +12.9% | +24.9% |
Compared head to head: DGRO vs DGRW · all comparisons →
Questions investors ask
Is DGRW good for retirement income?
DGRW pays modest, steady income rather than high income. Over the 12 months to October 29, 2026, it paid $1.25 per share, a yield of 1.26%, spread across monthly payments. The index favors profitable companies with growing earnings, so payouts may rise over time, but the starting yield is low. Retirees who need more cash flow from their stocks may find it worth comparing with higher-yielding dividend funds.
What's the difference between DGRW and IWL?
Both own large U.S. companies, and about 53% of their holdings overlap. IWL follows the Russell Top 200, a list of the biggest U.S. stocks. DGRW only owns dividend payers that pass quality and growth screens, and it weights them by projected dividends. IWL costs 0.15% a year against DGRW's 0.28%. Over three years to late October 2026, IWL returned 25.5% a year and DGRW 19.2%.
Has DGRW beaten the S&P 500?
No, not over recent periods. Through October 29, 2026, DGRW returned 11.9% over one year and 19.2% a year over three years. VOO, an S&P 500 fund, returned 13.2% and 24.9% over the same periods. DGRW ranked last of nine similar funds on three-year returns. Over the 10 years to December 31, 2025, DGRW returned 13.68% a year, a strong result but behind the S&P 500 funds' recent pace.
How much does DGRW cost?
DGRW charges 0.28% a year, according to its prospectus filed July 29, 2026. Under the SEC's standard example, $10,000 invested at a 5% annual return would cost about $29 after one year, $90 after three, $157 after five and $356 after ten. The average for similar funds is 0.10%, and S&P 500 funds such as VOO and IVV charge 0.03%.
Why does DGRW hold so much NVIDIA and Microsoft?
Its index picks companies with high profitability and strong growth, and large tech firms score well on both. As of June 30, 2026, NVIDIA was 7.9% of the fund, Microsoft 5.7% and Apple 3.9%. Technology made up 31.8%, just above the 30% cap the index applies at each yearly rebalance. A slump in tech stocks would hit DGRW harder than a more evenly spread dividend fund.