DGRO vs. GSWO
DGRO (iShares Core Dividend Growth ETF) and GSWO (Goldman Sachs ActiveBeta World Equity ETF) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while GSWO is a Global Equities fund tracking the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, DGRO returned 16.11%/yr vs 16.39%/yr for GSWO. Their correlation of 0.86 means they have usually moved in the same direction. DGRO charges 0.08%/yr vs 0.25%/yr for GSWO.
Performance
DGRO vs. GSWO - Performance Comparison
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Returns By Period
In the year-to-date period, DGRO achieves a 13.15% return, which is significantly higher than GSWO's 9.77% return.
DGRO
- 1D
- 0.83%
- 1M
- 3.14%
- 6M
- 10.33%
- YTD
- 13.15%
- 1Y
- 20.83%
- 3Y*
- 16.11%
- 5Y*
- 11.10%
- 10Y*
- 13.29%
- ALL TIME*
- 12.47%
GSWO
- 1D
- 0.17%
- 1M
- 0.80%
- 6M
- 8.66%
- YTD
- 9.77%
- 1Y
- 15.09%
- 3Y*
- 16.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $96.40M | $101.84M | $109.07M | |
| $3.06M | $3.14M | $3.93M |
DGRO vs. GSWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 13.15% | 15.69% | 16.62% | 10.47% | -2.89% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 9.77% | 18.97% | 15.29% | 16.28% | -6.15% |
Correlation
The correlation between DGRO and GSWO is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.86 |
Over the past year, the correlation between DGRO and GSWO has dropped to 0.65 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
DGRO vs. GSWO — Risk / Return Rank
DGRO
GSWO
DGRO vs. GSWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Goldman Sachs ActiveBeta World Equity ETF (GSWO). 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 | GSWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.72 | +1.59 |
| Martin ratioReturn relative to average drawdown | 12.72 | 7.82 | +4.90 |
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Drawdowns
DGRO vs. GSWO - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, which is greater than GSWO's maximum drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for DGRO and GSWO.
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Drawdown Indicators
| DGRO | GSWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.10% | -17.77% | -17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -8.93% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -9.97% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.10% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.97% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -3.19% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.95% | -0.27% |
Volatility
DGRO vs. GSWO - Volatility Comparison
The current volatility for iShares Core Dividend Growth ETF (DGRO) is 2.81%, while Goldman Sachs ActiveBeta World Equity ETF (GSWO) has a volatility of 3.09%. This indicates that DGRO experiences smaller price fluctuations and is considered to be less risky than GSWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGRO | GSWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 3.09% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 10.30% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 11.66% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.78% | 13.02% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 13.02% | +3.55% |
DGRO vs. GSWO - Expense Ratio Comparison
DGRO has a 0.08% expense ratio, which is lower than GSWO's 0.25% 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. GSWO - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 1.90%, more than GSWO's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.90% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.55% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGRO and GSWO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSWO has higher volatility (3.09%) compared to DGRO (2.81%). In terms of maximum drawdown, DGRO dropped -35.10% vs GSWO's -17.77%.
On 3-year performance, GSWO leads with 16.39% vs 16.11% for DGRO. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSWO has performed better with a 16.39% return vs 16.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.25% for GSWO.
DGRO has the higher dividend yield at 1.90%, compared with 1.55% for GSWO.
DGRO is categorized as Large Cap Growth Equities, while GSWO is Global Equities. DGRO tracks Morningstar US Dividend Growth Index, while GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.08% for DGRO and 0.25% for GSWO.
DGRO currently has the higher Sharpe Ratio (2.25 vs 1.31), 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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