DGRW vs MGV: Grades, Fees and Holdings Compared

WisdomTree U.S. Quality Dividend Growth Fund

DGRWBNasdaq

Vanguard Morningstar Mega Cap Value ETF

MGVANYSE Arca

Overlap

38.0%by weight

Expense ratio

MGV −0.23pt a year

DGRW0.28%MGV0.05%

Avg volume · 30D

DGRW 2.0×the volume

DGRW496KMGV247K

10Y return · a year

DGRW +0.9pt

DGRW+14.2%MGV+13.3%

DGRW vs MGV Performance

Oct 29, 2021 – Oct 30, 2026

+71.8%DGRW+83.6%MGV

Expense ratio: DGRW 0.28%; MGV 0.05%, better
Fund size: DGRW $16.9B; MGV $13.6B
1Y total return: DGRW +12.0%; MGV +25.6%, better
Yield (12M): DGRW 1.24%; MGV 1.82%, better
Holdings: DGRW 199; MGV 117
Avg volume (30D): DGRW 496K sh, better; MGV 247K sh
NAV per share: DGRW $98.47; MGV $168.92
52W range

ETF.net Grade

Pillar letters and Scores for DGRW, MGV, with each pillar’s weight
Pillar	DGRW	MGV
Cost30% weight	B57	A100Higher
Mission25% weight	A78Higher	B67
Risk15% weight	A73	A92Higher
Tradability15% weight	A94Higher	C49
Holdings10% weight	D36	B57Higher
Durability5% weight	A71	A90Higher

Rank among US Factor Index funds

How we build Categories ›

Same Category. DGRW and MGV are both graded against the same 30 US Factor Index funds, so their Grades compare head to head.

US Factor Index⁠

Category · 30 funds

See all 30 ›

MGV ranks 1st and DGRW 6th of 30 funds in the US Factor Index Category.

Rank 1AMGVVanguard Morningstar Mega Cap Value ETFScore 78
Rank 2AUSCAXtrackers MSCI USA Climate Action Equity ETFScore 74
Rank 5ASUSAiShares ESG Optimized MSCI USA ETFScore 69
Rank 6BDGRWWisdomTree U.S. Quality Dividend Growth FundScore 68
Rank 7BSPMOInvesco S&P 500 Momentum ETFScore 67

Our read on each fund

ETF.net Research

DGRWBWisdomTree U.S. Quality Dividend Growth Fund

MGVAVanguard Morningstar Mega Cap Value ETF

In short

DGRW A dividend fund that judges the business, not just the payout: WisdomTree runs U.S. large caps through quality and growth screens before they qualify, then distributes monthly. Live since 2013.

MGV Most "value" ETFs slide down into mid caps. MGV stays at the very top of the US market and buys the value half of it for five basis points. Vanguard's plain, cheap way to own the old-guard giants.

Stated mandate

DGRW The fund seeks to track dividend-paying U.S. large-cap companies with growth characteristics.

MGV The ETF seeks to track the Morningstar US Mega Cap Value Index and provides passive, diversified exposure to the largest value stocks in the U.S. market.

Why people hold it

DGRW Quality and growth screens sit on top of the dividend requirement, so the index targets payers with growth characteristics instead of ranking companies by headline yield.wisdomtree.com
Distributions land monthly, spread across roughly 300 U.S. large caps.
A multi-billion-dollar fund that trades actively, making it one of the easier names to get in and out of in its factor group.
Running the same mandate since 2013, and it sits in the upper half of its U.S. factor peer group on our review.

MGV At 0.05% it is the cheapest fund in its factor peer group, where the median charges 0.28%. It undercuts fellow top-rated peers SIZE (0.15%) and SUSA (0.25%).vanguard.com
Launched December 2007, straight into the crash, and now a multi-billion-dollar fund. Long history, quarterly distributions, Vanguard plumbing behind it.
One of the strongest overall showings in its US factor peer group, built on cost and staying power rather than a clever screen.

Worth knowing

DGRW The 0.28% fee is exactly the median of its factor cohort. Cheaper options exist (MGV at 0.05%, SIZE at 0.15%), though they hunt different factors.
No dividend, no entry. Companies that reinvest every dollar instead of paying it out are screened away, whatever their growth.
U.S. large caps only, so it walks much of the same ground a core S&P 500 fund already covers.

MGV About 130 names, all mega caps. The biggest holdings carry real weight, and small and mid caps are absent by design.
It tracks a Morningstar index of the largest US value stocks, so it leaves out the market's growth giants and can move very differently from a total-market fund.vanguard.com
Moderately traded rather than a household-name ticker, so limit orders and mid-session trading matter more here than with the very largest index ETFs.

Full DGRW profile⁠

Full MGV profile⁠

DGRW vs MGV Holdings

How DGRW and MGV differ

Overlap by weight

38.0%

Shared holdings make up 49.4% of MGV and 48.4% of DGRW.

Level by level

Holdings48 in both38.0%
Sector11 Sectors68.8%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in DGRW and MGV, widest gap first
Sector	More in DGRWMore in MGV	DGRW	MGV
Technology	DGRW +19.1 points	35.2%	16.1%
Financials	MGV +14.9 points	8.4%	23.3%
Communication	DGRW +8.4 points	11.8%	3.4%
Health Care	MGV +5.5 points	12.9%	18.4%
Consumer Staples	MGV +4.3 points	6.6%	10.9%
Consumer Discretionary	DGRW +2.9 points	6.7%	3.8%
Industrials	MGV +2.4 points	10.3%	12.7%
Energy	MGV +1.5 points	5.1%	6.6%
Utilities	MGV +1.5 points	0.2%	1.7%
Real Estate	MGV +1.0 points	0.0%	1.0%
Materials	DGRW +0.6 points	2.9%	2.3%

Country, concentration and asset class

Country by domicile

Country weights in DGRW and MGV, widest gap first
Country	More in DGRWMore in MGV	DGRW	MGV
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

DGRW38.8%
MGV30.4%

Securities held

DGRW197
MGV116

Asset class

DGRW: Equity
MGV: Equity

Holdings

Only in DGRW149
In both48
Only in MGV68

Only in DGRW

149 securities, 51.6% of DGRW by weight

Nvidia Corp7.89%
Microsoft Corp7.81%
Apple Inc4.47%
Meta PlatformsInc. Cl A3.15%
Oracle Corp2.02%
Broadcom Inc1.96%
Google Inc1.77%
Google Inc1.76%
Eli Lilly & Co1.75%
Visa Inc1.65%
Applied Materials Inc0.90%
Halliburton Co0.87%
Marsh & Mclennan Cos0.77%
Mastercard Inc0.71%
Corning Inc0.57%
Cummins Inc0.53%
Lam Research Corp0.48%
PayPal Holdings Inc0.43%
Ecolab Inc0.43%
Paccar Inc0.40%
Delta Air Lines Inc0.38%
Ford Motor Co0.38%
DR Horton Inc0.33%
Sysco Corp0.32%
Steel Dynamics Inc0.28%
United Rentals Inc0.28%
Ferguson Enterprises Inc/De0.28%
Fifth Third Bancorp0.27%
Williams-Sonoma Inc0.24%
Cintas Corp0.24%
Raymond James Financial Inc0.24%
Huntington Bancshares Inc/OH0.23%
Dover Corp0.22%
Moody's Corp0.21%
First Citizens BancShares Inc/0.21%
Darden Restaurants Inc0.20%
KLA Corp0.20%
Hershey Co/The0.20%
Pulte Homes Inc0.19%
Packaging Corp of America0.18%
priceline.com Inc0.18%
Reliance Steel & Aluminum Co0.18%
Zoetis Inc0.17%
Amphenol Corp0.17%
Southwest Airlines Co0.17%
Old Dominion Freight Line Inc0.16%
Hunt (JB) Transprt Svcs Inc0.15%
CF Industries Holdings Inc0.15%
Carlisle Cos Inc0.13%
Wesco International Inc0.13%

Only in MGV

68 securities, 50.9% of MGV by weight

Micron Technology Inc5.91%
JPMorgan Chase & Co4.32%
Berkshire Hathaway Inc3.46%
Philip Morris International Inc1.46%
RTX Corp1.23%
Thermo Fisher Scientific Inc1.23%
Goldman Sachs Group Inc/The1.21%
Wells Fargo & Co1.19%
Amgen Inc1.12%
Morgan Stanley1.09%
Linde PLC1.08%
Citigroup Inc1.06%
Berkshire Hathaway Inc1.04%
Walt Disney Co/The0.89%
PepsiCo Inc0.85%
Abbott Laboratories0.84%
Eaton Corp PLC0.82%
Pfizer Inc0.80%
NextEra Energy Inc0.78%
Dell Technologies Inc0.77%
Blackrock Inc0.73%
Danaher Corp0.69%
Uber Technologies Inc0.65%
Bristol-Myers Squibb Co0.63%
Prologis Inc0.61%
Progressive Corp/The0.59%
Capital One Financial Corp0.58%
Lockheed Martin Corp0.58%
Chubb Ltd0.56%
Altria Group Inc0.55%
Accenture PLC0.55%
Medtronic PLC0.54%
CVS Health Corp0.54%
Starbucks Corp0.53%
Lowe's Cos Inc0.51%
Trane Technologies PLC0.49%
Bank of New York Mellon Corp/The0.48%
Adobe Inc0.47%
CME Group Inc0.46%
Southern Co/The0.46%
US Bancorp0.44%
Duke Energy Corp0.44%
PNC Financial Services Group Inc/The0.44%
Emerson Electric Co0.43%
Intercontinental Exchange Inc0.42%
General Dynamics Corp0.42%
3M Co0.42%
Blackstone Inc0.41%
Elevance Health Inc0.40%
Waste Management Inc0.40%

Weight gaps

All 48 Holdings in both funds, largest gap first.

Holding weights in DGRW and MGV, widest gap first
Holding	More in DGRWMore in MGV	DGRW	MGV
Coca-Cola Co/TheKO	DGRW +1.60 points	3.24%	1.64%
Walmart IncWMT	MGV +1.25 points	0.99%	2.24%
Exxonmobil Holdings CorpXOM	MGV +1.20 points	2.12%	3.32%
UnitedHealth Group IncUNH	DGRW +1.16 points	2.78%	1.62%
Home Depot IncHD	DGRW +1.14 points	2.54%	1.40%
Costco Wholesale CorpCOST	MGV +1.10 points	0.89%	1.99%
General Electric CoGE	MGV +1.09 points	0.50%	1.59%
T-Mobile US IncTMUS	DGRW +1.00 points	1.34%	0.34%
Bank of America CorpBAC	MGV +0.93 points	0.85%	1.78%
Caterpillar IncCAT	MGV +0.81 points	1.02%	1.83%
Gilead Sciences IncGILD	DGRW +0.74 points	1.65%	0.91%
Johnson & JohnsonJNJ	MGV +0.69 points	2.45%	3.14%
McDonalds CorpMCD	DGRW +0.66 points	1.46%	0.80%
Cisco Systems IncCSCO	MGV +0.64 points	1.24%	1.88%
Regeneron Pharmaceuticals IncREGN	DGRW +0.60 points	0.79%	0.19%
ConocoPhillipsCOP	MGV +0.57 points	0.17%	0.74%
Newmont Mining CorpNEM	DGRW +0.49 points	0.79%	0.30%
Fedex CorpFDX	DGRW +0.44 points	0.59%	0.15%
Merck & Co Inc/NJMRK	MGV +0.43 points	1.33%	1.76%
Automatic Data Processing IncADP	DGRW +0.41 points	0.91%	0.50%
International Business Machines CorpIBM	DGRW +0.40 points	1.42%	1.02%
Salesforce IncCRM	MGV +0.33 points	0.55%	0.88%
CSX CorpCSX	DGRW +0.32 points	0.74%	0.42%
Qualcomm IncQCOM	MGV +0.30 points	0.65%	0.95%
Texas Instruments IncTXN	MGV +0.29 points	0.97%	1.26%
Illinois Tool Works IncITW	DGRW +0.29 points	0.63%	0.34%
EOG Resources IncEOG	MGV +0.28 points	0.08%	0.36%
Union Pacific CorpUNP	MGV +0.25 points	0.54%	0.79%
Intuit IncINTU	MGV +0.24 points	0.13%	0.37%
Verizon Communications IncVZ	DGRW +0.23 points	1.17%	0.94%
TJX Cos IncTJX	DGRW +0.21 points	0.57%	0.36%
KKR & Co Inc -AKKR	MGV +0.19 points	0.11%	0.30%
Procter & Gamble Co/ThePG	MGV +0.16 points	1.50%	1.66%
S&P Global IncSPGI	MGV +0.15 points	0.41%	0.56%
Marriott International Inc/DEMAR	DGRW +0.14 points	0.32%	0.18%
Sherwin-Williams Co/TheSHW	DGRW +0.12 points	0.51%	0.39%
Stryker CorpSYK	MGV +0.12 points	0.35%	0.47%
Deere & CoDE	MGV +0.12 points	0.73%	0.85%
Parker Hannifin CorpPH	MGV +0.12 points	0.47%	0.59%
Apollo Global Management IncAPO	DGRW +0.11 points	0.23%	0.12%
Charles Schwab Corp/TheSCHW	DGRW +0.09 points	0.88%	0.79%
AbbVie IncABBV	DGRW +0.09 points	2.36%	2.27%
American Express CoAXP	DGRW +0.06 points	0.82%	0.76%
Freeport-McMoRan IncFCX	MGV +0.06 points	0.43%	0.49%
Analog Devices IncADI	DGRW +0.05 points	1.00%	0.95%
McKesson CorpMCK	MGV +0.03 points	0.46%	0.49%
AT&T IncT	MGV +0.02 points	0.80%	0.82%
Chevron CorpCVX	DGRW +0.02 points	1.90%	1.88%

All 304 DGRW holdings⁠All 127 MGV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DGRW vs MGV Cost

Overpaying DGRW vs MGV

$4,695

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DGRW 0.28%
$5,755
MGV 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

DGRW 0.28%
MGV 0.05%
Overpaying

Year by year

Year	DGRW	MGV	Overpaying
10	$509	$92	$417
20	$1,976	$360	$1,616
30	$5,755	$1,060	$4,695

Expense ratio

0.28%DGRW
0.05%MGV, cheaper

MGV0.05%DGRW0.28%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

MGV cheapest of 30 funds

DGRW 14th cheapest of 30 funds

DGRW vs MGV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DGRW 1.24%; MGV 1.82%, better
Payout (12M): DGRW $1.22; MGV $3.07
Last payment: DGRW $0.07; MGV $0.72
Ex-dividend: DGRW Oct 27, 2026; MGV Sep 28, 2026
Paid on: DGRW Oct 29, 2026; MGV Sep 30, 2026
Frequency: DGRW Monthly; MGV Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DGRWMonthly · 46 paymentsAll DGRW payments⁠

MGVQuarterly · 15 paymentsAll MGV payments⁠

DGRW vs MGV Risk

Fall from peak · 5 years

DGRW
MGV

Risk facts

VolatilityStd dev, 3 years: DGRW 10.7%, betterMGV 11.1%
Return per unit of riskSharpe ratio, 3 years: DGRW 1.20MGV 1.48, better
Worst fallMax drawdown, 5 years: DGRW −17.3%MGV −16.5%, better
Market sensitivityBeta, 5 years: DGRW 0.82MGV 0.66; Market = 1

DGRW and MGV in the news

All news⁠

First-Year Review
Liberty One's Spectrum ETF returned 6.4%, 8.9 percentage points behind an S&P 500 fund
Oct 1, 2026DGRW
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026DGRW

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