DGRO vs. CGDV

Last updated Aug 5, 2026

DGRO (iShares Core Dividend Growth ETF) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. DGRO is passively managed, while CGDV is actively managed. Over the past 3 years, DGRO returned 17.52%/yr vs 24.53%/yr for CGDV. Their correlation of 0.87 means they have usually moved in the same direction. DGRO charges 0.08%/yr vs 0.33%/yr for CGDV.

Performance

DGRO vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRO achieves a 15.02% return, which is significantly lower than CGDV's 17.71% return.

DGRO

• 1D: 1.09%
• 1M: 2.42%
• 6M: 10.12%
• YTD: 15.02%
• 1Y: 24.63%
• 3Y*: 17.52%
• 5Y*: 11.29%
• 10Y*: 13.50%
• ALL TIME*: 12.59%

CGDV

• 1D: 1.63%
• 1M: 4.35%
• 6M: 14.84%
• YTD: 17.71%
• 1Y: 27.24%
• 3Y*: 24.53%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CGDV Capital Group Dividend Value ETF	$203.57M	$194.30M	$186.82M
DGRO iShares Core Dividend Growth ETF	$108.47M	$103.38M	$110.52M

DGRO vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DGRO iShares Core Dividend Growth ETF	15.02%	15.69%	16.62%	10.47%	-0.21%
CGDV Capital Group Dividend Value ETF	17.71%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between DGRO and CGDV is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.87

Over the past year, the correlation between DGRO and CGDV has dropped to 0.66 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

DGRO vs. CGDV - Sectors Allocation Comparison

Sectors	DGRO	CGDV
Financial Services	20.4%	6.7%
Healthcare	17.9%	8.2%
Technology	17.3%	34.5%
Consumer Defensive	11.9%	5.8%
Industrials	11.3%	13.6%
Utilities	7.3%	1.0%
Consumer Cyclical	6.5%	12.6%
Energy	4.8%	3.9%
Basic Materials	2.5%	2.8%
Communication Services	0.1%	9.8%
Real Estate	-	1.0%

Return for Risk

DGRO vs. CGDV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DGRO

DGRO Risk / Return Rank: 91
DGRO Sharpe Ratio Rank: 93
DGRO Sortino Ratio Rank: 93
DGRO Omega Ratio Rank: 92
DGRO Calmar Ratio Rank: 88
DGRO Martin Ratio Rank: 89

CGDV

CGDV Risk / Return Rank: 82
CGDV Sharpe Ratio Rank: 85
CGDV Sortino Ratio Rank: 83
CGDV Omega Ratio Rank: 85
CGDV Calmar Ratio Rank: 72
CGDV Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DGRO vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Capital Group Dividend Value ETF (CGDV). 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.

	DGRO	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.18	+0.42
Sortino ratio: Return per unit of downside risk	3.77	3.02	+0.75
Omega ratio: Gain probability vs. loss probability	1.48	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	3.83	2.81	+1.02
Martin ratio: Return relative to average drawdown	14.91	13.10	+1.80

DGRO vs. CGDV - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.60, which is comparable to the CGDV Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of DGRO and CGDV, 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

DGRO vs. CGDV - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for DGRO and CGDV.

Drawdown Indicators

	DGRO	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-21.82%	-13.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-9.75%	+3.28%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-14.28%	+0.25%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.40%	-3.51%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	2.08%	-0.42%

Volatility

DGRO vs. CGDV - Volatility Comparison

The current volatility for iShares Core Dividend Growth ETF (DGRO) is 3.05%, while Capital Group Dividend Value ETF (CGDV) has a volatility of 3.84%. This indicates that DGRO experiences smaller price fluctuations and is considered to be less risky than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRO	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	3.84%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	10.26%	-3.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.58%	12.64%	-3.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	15.50%	-1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	15.50%	+1.09%

DGRO vs. CGDV - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is lower than CGDV's 0.33% expense ratio.

Dividends

DGRO vs. CGDV - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.87%, more than CGDV's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDV Capital Group Dividend Value ETF	1.15%	1.29%	1.60%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DGRO iShares Core Dividend Growth ETF	1.87%	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 CGDV in my portfolio?

DGRO and CGDV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRO or CGDV?

CGDV has higher volatility (3.84%) compared to DGRO (3.05%). In terms of maximum drawdown, DGRO dropped -35.10% vs CGDV's -21.82%.

Which ETF is better, DGRO or CGDV?

On 3-year performance, CGDV leads with 24.53% vs 17.52% for DGRO. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRO or CGDV?

Over the 3-year period, CGDV has performed better with a 24.53% return vs 17.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRO or CGDV?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.33% for CGDV.

Which ETF pays a higher dividend yield, DGRO or CGDV?

DGRO has the higher dividend yield at 1.87%, compared with 1.15% for CGDV.

What is the main difference between DGRO and CGDV?

DGRO is categorized as Large Cap Growth Equities, while CGDV is Large Cap Value Equities. They also come from different issuers: iShares and Capital Group. Their fees differ too: 0.08% for DGRO and 0.33% for CGDV.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.60 vs 2.18), 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.