SPY - DGRW: Fundamental Drag Is Confirmed And There Is Still No Reason To Go Long Here
2024-04-16 17:29:07 ET
Summary
- The WisdomTree U.S. Quality Dividend Growth Fund is a dividend-focused ETF that uses fundamental screens to select quality and growth stocks.
- September last year, I issued a thesis on DGRW outlining several reasons why this ETF embodies no advantage over the S&P 500 and why it is unattractive as a dividend ETF.
- Since then, DGRW has outperformed some comparable peers but has fallen short of the S&P 500, largely confirming my thesis.
- In this article, I elaborate on some of the recent market dynamics including DGRW's reconstitution and elaborate on why I still do not see a reason to allocate here.
September last year I wrote an article on the WisdomTree U.S. Quality Dividend Growth Fund (DGRW), which is a dividend focused ETF that applies certain fundamental screens in order to arrive at specific names that embody quality and the ability to grow the distributions over time....
DGRW: Fundamental Drag Is Confirmed And There Is Still No Reason To Go Long Here