Correlation
The correlation between CDDYX and DGRO is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
CDDYX vs. DGRO
Compare and contrast key facts about Columbia Dividend Income Fund Institutional 3 Class (CDDYX) and iShares Core Dividend Growth ETF (DGRO).
CDDYX is managed by Columbia. It was launched on Nov 8, 2012. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDDYX or DGRO.
Performance
CDDYX vs. DGRO - Performance Comparison
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Key characteristics
CDDYX:
0.88
DGRO:
0.78
CDDYX:
1.22
DGRO:
1.12
CDDYX:
1.17
DGRO:
1.16
CDDYX:
0.91
DGRO:
0.79
CDDYX:
3.52
DGRO:
3.10
CDDYX:
3.36%
DGRO:
3.57%
CDDYX:
14.56%
DGRO:
15.20%
CDDYX:
-32.74%
DGRO:
-35.10%
CDDYX:
-2.58%
DGRO:
-3.30%
Returns By Period
In the year-to-date period, CDDYX achieves a 3.40% return, which is significantly higher than DGRO's 1.76% return. Both investments have delivered pretty close results over the past 10 years, with CDDYX having a 11.13% annualized return and DGRO not far ahead at 11.38%.
CDDYX
3.40%
3.98%
-1.51%
12.74%
9.79%
13.39%
11.13%
DGRO
1.76%
3.28%
-3.30%
11.82%
9.13%
13.13%
11.38%
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CDDYX vs. DGRO - Expense Ratio Comparison
CDDYX has a 0.55% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
CDDYX vs. DGRO — Risk-Adjusted Performance Rank
CDDYX
DGRO
CDDYX vs. DGRO - Risk-Adjusted Performance 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.
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Dividends
CDDYX vs. DGRO - Dividend Comparison
CDDYX's dividend yield for the trailing twelve months is around 5.82%, more than DGRO's 2.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDDYX Columbia Dividend Income Fund Institutional 3 Class | 5.82% | 5.99% | 4.96% | 3.90% | 2.93% | 1.82% | 2.97% | 7.65% | 4.54% | 4.38% | 8.35% | 8.68% |
DGRO iShares Core Dividend Growth ETF | 2.23% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
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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Volatility
CDDYX vs. DGRO - Volatility Comparison
The current volatility for Columbia Dividend Income Fund Institutional 3 Class (CDDYX) is 3.83%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 4.35%. This indicates that CDDYX experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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