CDDYX vs. DGRO
CDDYX (Columbia Dividend Income Fund Institutional 3 Class) and DGRO (iShares Core Dividend Growth ETF) are both funds - CDDYX is a Large Cap Value Equities fund managed by Columbia, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 10 years, CDDYX returned 12.63%/yr vs 13.34%/yr for DGRO. With a 0.97 correlation, they move nearly in lockstep. CDDYX charges 0.55%/yr vs 0.08%/yr for DGRO.
Performance
CDDYX vs. DGRO - Performance Comparison
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Returns By Period
In the year-to-date period, CDDYX achieves a 8.07% return, which is significantly lower than DGRO's 9.64% return. Over the past 10 years, CDDYX has underperformed DGRO with an annualized return of 12.63%, while DGRO has yielded a comparatively higher 13.34% annualized return.
CDDYX
- 1D
- -0.08%
- 1M
- 1.06%
- YTD
- 8.07%
- 6M
- 8.50%
- 1Y
- 20.81%
- 3Y*
- 16.67%
- 5Y*
- 10.66%
- 10Y*
- 12.63%
DGRO
- 1D
- 0.81%
- 1M
- 3.27%
- YTD
- 9.64%
- 6M
- 9.87%
- 1Y
- 23.89%
- 3Y*
- 17.46%
- 5Y*
- 10.72%
- 10Y*
- 13.34%
CDDYX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 8.07% | 15.95% | 15.17% | 10.65% | -4.84% | 26.43% | 7.92% | 28.74% | -4.27% | 20.34% |
DGRO iShares Core Dividend Growth ETF | 9.64% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between CDDYX and DGRO is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014 | 0.97 |
The correlation between CDDYX and DGRO has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
CDDYX vs. DGRO — Risk / Return Rank
CDDYX
DGRO
CDDYX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) and iShares Core Dividend Growth ETF (DGRO). 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.
| CDDYX | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.46 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 3.71 | +0.01 |
| Martin ratioReturn relative to average drawdown | 14.02 | 14.33 | -0.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CDDYX | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.53 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.78 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.81 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.77 | +0.11 |
Drawdowns
CDDYX vs. DGRO - Drawdown Comparison
The maximum CDDYX drawdown since its inception was -32.74%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for CDDYX and DGRO.
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Drawdown Indicators
| CDDYX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.74% | -35.10% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.51% | -6.47% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -14.03% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -19.31% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -32.74% | -35.10% | +2.36% |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -3.44% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.67% | -0.21% |
Volatility
CDDYX vs. DGRO - Volatility Comparison
Columbia Dividend Income Fund Institutional 3 Class (CDDYX) has a higher volatility of 2.38% compared to iShares Core Dividend Growth ETF (DGRO) at 2.24%. This indicates that CDDYX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDDYX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 2.24% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 6.94% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.07% | 9.49% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 13.82% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 16.62% | -0.93% |
CDDYX vs. DGRO - Expense Ratio Comparison
CDDYX has a 0.55% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
CDDYX vs. DGRO - Dividend Comparison
CDDYX's dividend yield for the trailing twelve months is around 4.98%, more than DGRO's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 4.98% | 5.33% | 5.99% | 4.96% | 3.90% | 2.93% | 1.85% | 3.28% | 7.65% | 4.03% | 3.84% | 8.35% |
DGRO iShares Core Dividend Growth ETF | 1.94% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
Frequently Asked Questions
With a correlation of 0.95, CDDYX and DGRO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CDDYX has higher volatility (2.38%) compared to DGRO (2.24%). In terms of maximum drawdown, CDDYX dropped -32.74% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.53 vs 2.26), 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.
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