BGRO vs. HDV

Last updated Jun 23, 2026

BGRO (BlackRock Large Cap Growth ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - BGRO is a Large Cap Growth Equities fund actively managed by iShares, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. BGRO is actively managed, while HDV is passively managed. Over the past year, BGRO returned 22.80% vs 19.54% for HDV. At a correlation of -0.03, they often move in opposite directions. BGRO charges 0.55%/yr vs 0.08%/yr for HDV.

Performance

BGRO vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Large Cap Growth ETF (BGRO) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGRO achieves a 10.64% return, which is significantly lower than HDV's 12.57% return.

BGRO

• 1D: -0.84%
• 1M: 0.68%
• YTD: 10.64%
• 6M: 9.95%
• 1Y: 22.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HDV

• 1D: 0.15%
• 1M: -2.65%
• YTD: 12.57%
• 6M: 12.67%
• 1Y: 19.54%
• 3Y*: 14.97%
• 5Y*: 10.90%
• 10Y*: 9.31%

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

BGRO vs. HDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BGRO BlackRock Large Cap Growth ETF	10.64%	12.37%	11.06%
HDV iShares Core High Dividend ETF	12.57%	11.90%	5.47%

Correlation

The correlation between BGRO and HDV is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	-0.03

The correlation between BGRO and HDV shifts across timeframes, from -0.16 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

BGRO vs. HDV - Sectors Allocation Comparison

Sectors	BGRO	HDV
Technology	53.4%	0.2%
Industrials	14.0%	3.5%
Communication Services	11.3%	5.7%
Consumer Cyclical	9.4%	9.2%
Real Estate	4.0%	-
Healthcare	2.9%	22.6%
Basic Materials	2.2%	0.8%
Financial Services	1.4%	4.7%
Consumer Defensive	0.9%	24.5%
Energy	0.7%	20.2%
Utilities	-	8.1%

Return for Risk

BGRO vs. HDV — Risk / Return Rank

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

BGRO

BGRO Risk / Return Rank: 31
BGRO Sharpe Ratio Rank: 35
BGRO Sortino Ratio Rank: 32
BGRO Omega Ratio Rank: 32
BGRO Calmar Ratio Rank: 27
BGRO Martin Ratio Rank: 31

HDV

HDV Risk / Return Rank: 64
HDV Sharpe Ratio Rank: 62
HDV Sortino Ratio Rank: 66
HDV Omega Ratio Rank: 57
HDV Calmar Ratio Rank: 77
HDV 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.

BGRO vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Large Cap Growth ETF (BGRO) and iShares Core High Dividend ETF (HDV). 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.

	BGRO	HDV	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.99	-0.79
Sortino ratio: Return per unit of downside risk	1.67	2.92	-1.25
Omega ratio: Gain probability vs. loss probability	1.21	1.34	-0.13
Calmar ratio: Return relative to maximum drawdown	1.30	3.79	-2.49
Martin ratio: Return relative to average drawdown	4.24	10.39	-6.15

BGRO vs. HDV - Sharpe Ratio Comparison

The current BGRO Sharpe Ratio is 1.20, which is lower than the HDV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of BGRO and HDV, 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

BGRO vs. HDV - Drawdown Comparison

The maximum BGRO drawdown since its inception was -24.94%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for BGRO and HDV.

Drawdown Indicators

	BGRO	HDV	Difference
Max Drawdown Largest peak-to-trough decline	-24.94%	-37.04%	+12.10%
Max Drawdown (1Y) Largest decline over 1 year	-17.64%	-5.18%	-12.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.04%	—
Current Drawdown Current decline from peak	-4.70%	-2.65%	-2.05%
Average Drawdown Average peak-to-trough decline	-4.76%	-3.08%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	1.89%	+3.50%

Volatility

BGRO vs. HDV - Volatility Comparison

BlackRock Large Cap Growth ETF (BGRO) has a higher volatility of 7.52% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that BGRO's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGRO	HDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	3.37%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	15.20%	7.52%	+7.68%
Volatility (1Y) Calculated over the trailing 1-year period	19.14%	9.87%	+9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.70%	12.80%	+10.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.70%	15.74%	+7.96%

BGRO vs. HDV - Expense Ratio Comparison

BGRO has a 0.55% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

BGRO vs. HDV - Dividend Comparison

BGRO's dividend yield for the trailing twelve months is around 0.03%, less than HDV's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGRO BlackRock Large Cap Growth ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDV iShares Core High Dividend ETF	2.94%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%

Frequently Asked Questions

Can I hold both BGRO and HDV in my portfolio?

BGRO and HDV have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGRO or HDV?

BGRO has higher volatility (7.52%) compared to HDV (3.37%). In terms of maximum drawdown, BGRO dropped -24.94% vs HDV's -37.04%.

Which ETF is better, BGRO or HDV?

On 1-year performance, BGRO leads with 22.80% vs 19.54% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BGRO or HDV?

Over the 1-year period, BGRO has performed better with a 22.80% return vs 19.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BGRO or HDV?

HDV is cheaper with a 0.08% expense ratio, compared with 0.55% for BGRO.

Which ETF pays a higher dividend yield, BGRO or HDV?

HDV has the higher dividend yield at 2.94%, compared with 0.03% for BGRO.

What is the main difference between BGRO and HDV?

BGRO is categorized as Large Cap Growth Equities, while HDV is Dividend. Their fees differ too: 0.55% for BGRO and 0.08% for HDV.

Which has better risk-adjusted returns?

HDV currently has the higher Sharpe Ratio (1.99 vs 1.20), 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.