DGRO vs. DIVO
Compare and contrast key facts about iShares Core Dividend Growth ETF (DGRO) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
DGRO and DIVO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGRO or DIVO.
Key characteristics
| DGRO | DIVO | |
|---|---|---|
| YTD Return | 6.50% | 6.82% |
| 1Y Return | 16.64% | 13.22% |
| 3Y Return (Ann) | 6.15% | 7.21% |
| 5Y Return (Ann) | 11.56% | 11.88% |
| Sharpe Ratio | 1.66 | 1.62 |
| Daily Std Dev | 9.87% | 8.08% |
| Max Drawdown | -35.10% | -30.04% |
| Current Drawdown | -1.81% | -0.78% |
Correlation
The correlation between DGRO and DIVO is 0.83, 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.
Performance
DGRO vs. DIVO - Performance Comparison
The year-to-date returns for both investments are quite close, with DGRO having a 6.50% return and DIVO slightly higher at 6.82%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DGRO vs. DIVO - Expense Ratio Comparison
DGRO has a 0.08% expense ratio, which is lower than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
DGRO vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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.
Dividends
DGRO vs. DIVO - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 2.33%, less than DIVO's 4.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 2.33% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.55% | 4.67% | 4.76% | 4.79% | 4.85% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% | 0.00% |
Drawdowns
DGRO vs. DIVO - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for DGRO and DIVO. For additional features, visit the drawdowns tool.
Volatility
DGRO vs. DIVO - Volatility Comparison
iShares Core Dividend Growth ETF (DGRO) has a higher volatility of 3.02% compared to Amplify CWP Enhanced Dividend Income ETF (DIVO) at 2.57%. This indicates that DGRO's price experiences larger fluctuations and is considered to be riskier than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.