DGRO vs. FXAIX
DGRO (iShares Core Dividend Growth ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, DGRO returned 13.26%/yr vs 15.25%/yr for FXAIX. Their correlation of 0.90 suggests significant overlap in exposure. DGRO charges 0.08%/yr vs 0.02%/yr for FXAIX.
Performance
DGRO vs. FXAIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DGRO having a 8.47% return and FXAIX slightly lower at 8.42%. Over the past 10 years, DGRO has underperformed FXAIX with an annualized return of 13.26%, while FXAIX has yielded a comparatively higher 15.25% annualized 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%
FXAIX
- 1D
- -2.63%
- 1M
- -0.08%
- YTD
- 8.42%
- 6M
- 8.48%
- 1Y
- 24.54%
- 3Y*
- 21.52%
- 5Y*
- 13.40%
- 10Y*
- 15.25%
DGRO vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 8.47% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
FXAIX Fidelity 500 Index Fund | 8.42% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between DGRO and FXAIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014 | 0.90 |
Over the past year, the correlation between DGRO and FXAIX has dropped to 0.70 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
DGRO vs. FXAIX — Risk / Return Rank
DGRO
FXAIX
DGRO vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.92 | +0.48 |
| Martin ratioReturn relative to average drawdown | 13.12 | 13.57 | -0.45 |
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
| DGRO | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.13 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.79 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.85 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.81 | -0.05 |
Drawdowns
DGRO vs. FXAIX - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for DGRO and FXAIX.
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Drawdown Indicators
| DGRO | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.10% | -33.79% | -1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -8.89% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -18.76% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -24.50% | +5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -35.10% | -33.79% | -1.31% |
Current DrawdownCurrent decline from peak | -1.07% | -2.94% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -3.79% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.91% | -0.24% |
Volatility
DGRO vs. FXAIX - Volatility Comparison
The current volatility for iShares Core Dividend Growth ETF (DGRO) is 2.32%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.81%. This indicates that DGRO experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGRO | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 3.81% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 9.41% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 12.19% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 16.95% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 18.08% | -1.45% |
DGRO vs. FXAIX - Expense Ratio Comparison
DGRO has a 0.08% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, 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. FXAIX - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 1.96%, more than FXAIX's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
DGRO and FXAIX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXAIX has higher volatility (3.81%) compared to DGRO (2.32%). In terms of maximum drawdown, DGRO dropped -35.10% vs FXAIX's -33.79%.
DGRO currently has the higher Sharpe Ratio (2.32 vs 2.13), 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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