DGRO vs. CASH.TO

Last updated Jun 9, 2026

DGRO (iShares Core Dividend Growth ETF) and CASH.TO (Global X High Interest Savings ETF) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while CASH.TO is a Money Market fund actively managed by Global X. DGRO is passively managed, while CASH.TO is actively managed. Over the past 3 years, DGRO returned 16.63%/yr vs 2.15%/yr for CASH.TO. At a 0.04 correlation, their price movements are largely independent. DGRO charges 0.08%/yr vs 0.11%/yr for CASH.TO.

Performance

DGRO vs. CASH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) and Global X High Interest Savings ETF (CASH.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DGRO is traded in USD, while CASH.TO is traded in CAD. To make them comparable, the CASH.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DGRO achieves a 8.47% return, which is significantly higher than CASH.TO's -0.87% return.

DGRO

• 1D: -0.29%
• 1M: 2.67%
• YTD: 8.47%
• 6M: 9.27%
• 1Y: 21.90%
• 3Y*: 16.63%
• 5Y*: 10.64%
• 10Y*: 13.26%

CASH.TO

• 1D: -0.20%
• 1M: -1.81%
• YTD: -0.87%
• 6M: 0.27%
• 1Y: 0.26%
• 3Y*: 2.15%
• 5Y*: —
• 10Y*: —

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

DGRO vs. CASH.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DGRO iShares Core Dividend Growth ETF	8.47%	15.69%	16.62%	10.47%	-7.91%	3.97%
CASH.TO Global X High Interest Savings ETF	-0.93%	7.36%	-3.63%	7.67%	-3.72%	-2.56%

Correlation

The correlation between DGRO and CASH.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021	0.04

Return for Risk

DGRO vs. CASH.TO — Risk / Return Rank

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

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 80
DGRO Sortino Ratio Rank: 84
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 74
DGRO Martin Ratio Rank: 76

CASH.TO

CASH.TO Risk / Return Rank: 100
CASH.TO Sharpe Ratio Rank: 99
CASH.TO Sortino Ratio Rank: 99
CASH.TO Omega Ratio Rank: 99
CASH.TO Calmar Ratio Rank: 100
CASH.TO Martin Ratio Rank: 100

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.

DGRO vs. CASH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Global X High Interest Savings ETF (CASH.TO). 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.

	DGRO	CASH.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.32	0.06	+2.26
Sortino ratio: Return per unit of downside risk	3.37	0.12	+3.25
Omega ratio: Gain probability vs. loss probability	1.42	1.01	+0.40
Calmar ratio: Return relative to maximum drawdown	3.40	0.09	+3.32
Martin ratio: Return relative to average drawdown	13.12	0.17	+12.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRO vs. CASH.TO - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.32, which is higher than the CASH.TO Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of DGRO and CASH.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DGRO	CASH.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	0.06	+2.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.12	+0.64

Drawdowns

DGRO vs. CASH.TO - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, which is greater than CASH.TO's maximum drawdown of -9.29%. Use the drawdown chart below to compare losses from any high point for DGRO and CASH.TO.

Drawdown Indicators

	DGRO	CASH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-9.29%	-25.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-3.03%	-3.44%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-7.69%	-6.34%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	—	—
Current Drawdown Current decline from peak	-1.07%	-2.49%	+1.42%
Average Drawdown Average peak-to-trough decline	-3.44%	-2.80%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.53%	+0.14%

Volatility

DGRO vs. CASH.TO - Volatility Comparison

iShares Core Dividend Growth ETF (DGRO) has a higher volatility of 2.32% compared to Global X High Interest Savings ETF (CASH.TO) at 0.74%. This indicates that DGRO's price experiences larger fluctuations and is considered to be riskier than CASH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRO	CASH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.32%	0.74%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	3.34%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	4.42%	+5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	6.26%	+7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	6.26%	+10.37%

DGRO vs. CASH.TO - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is lower than CASH.TO's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DGRO vs. CASH.TO - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.96%, less than CASH.TO's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CASH.TO Global X High Interest Savings ETF	2.19%	2.53%	4.37%	5.05%	2.30%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DGRO iShares Core Dividend Growth ETF	1.96%	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

Can I hold both DGRO and CASH.TO in my portfolio?

DGRO and CASH.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGRO or CASH.TO?

On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGRO or CASH.TO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.11% for CASH.TO.

What is the main difference between DGRO and CASH.TO?

DGRO is categorized as Large Cap Growth Equities, while CASH.TO is Money Market. They also come from different issuers: iShares and Global X. Their fees differ too: 0.08% for DGRO and 0.11% for CASH.TO.