DGRO vs. HDV
Compare and contrast key facts about iShares Core Dividend Growth ETF (DGRO) and iShares Core High Dividend ETF (HDV).
DGRO and HDV 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. HDV is a passively managed fund by iShares that tracks the performance of the Morningstar Dividend Yield Focus Index. It was launched on Mar 29, 2011. Both DGRO and HDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGRO or HDV.
Performance
DGRO vs. HDV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with DGRO having a 19.14% return and HDV slightly higher at 19.62%. Over the past 10 years, DGRO has outperformed HDV with an annualized return of 11.72%, while HDV has yielded a comparatively lower 8.23% annualized return.
DGRO
19.14%
-0.44%
9.59%
26.59%
11.75%
11.72%
HDV
19.62%
0.27%
9.48%
25.49%
8.48%
8.23%
Key characteristics
| DGRO | HDV | |
|---|---|---|
| Sharpe Ratio | 2.76 | 2.65 |
| Sortino Ratio | 3.90 | 3.90 |
| Omega Ratio | 1.51 | 1.48 |
| Calmar Ratio | 5.19 | 4.63 |
| Martin Ratio | 18.07 | 19.67 |
| Ulcer Index | 1.46% | 1.31% |
| Daily Std Dev | 9.55% | 9.71% |
| Max Drawdown | -35.10% | -37.04% |
| Current Drawdown | -1.79% | -0.77% |
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DGRO vs. HDV - Expense Ratio Comparison
Both DGRO and HDV have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between DGRO and HDV is 0.87, 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.
Risk-Adjusted Performance
DGRO vs. HDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and iShares Core High Dividend ETF (HDV). 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. HDV - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 2.18%, less than HDV's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 2.18% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
HDV iShares Core High Dividend ETF | 3.34% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% | 3.20% | 3.17% |
Drawdowns
DGRO vs. HDV - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for DGRO and HDV. For additional features, visit the drawdowns tool.
Volatility
DGRO vs. HDV - Volatility Comparison
iShares Core Dividend Growth ETF (DGRO) has a higher volatility of 3.22% compared to iShares Core High Dividend ETF (HDV) at 2.74%. This indicates that DGRO's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.