DGRO vs. IWDA.AS
DGRO (iShares Core Dividend Growth ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, DGRO returned 13.26%/yr vs 13.07%/yr for IWDA.AS. A 0.55 correlation means they provide meaningful diversification when combined. DGRO charges 0.08%/yr vs 0.20%/yr for IWDA.AS.
Performance
DGRO vs. IWDA.AS - Performance Comparison
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Different Trading Currencies
DGRO is traded in USD, while IWDA.AS is traded in EUR. To make them comparable, the IWDA.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DGRO achieves a 8.47% return, which is significantly lower than IWDA.AS's 9.79% return. Both investments have delivered pretty close results over the past 10 years, with DGRO having a 13.26% annualized return and IWDA.AS not far behind at 13.07%.
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%
IWDA.AS
- 1D
- 0.07%
- 1M
- 2.12%
- YTD
- 9.79%
- 6M
- 10.59%
- 1Y
- 25.58%
- 3Y*
- 20.73%
- 5Y*
- 11.83%
- 10Y*
- 13.07%
DGRO vs. IWDA.AS - 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% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 9.79% | 21.46% | 19.36% | 23.68% | -18.74% | 23.51% | 15.60% | 27.07% | -8.63% | 22.70% |
Correlation
The correlation between DGRO and IWDA.AS is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014 | 0.55 |
The correlation between DGRO and IWDA.AS has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
DGRO vs. IWDA.AS — Risk / Return Rank
DGRO
IWDA.AS
DGRO vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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 | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.05 | +0.35 |
| Martin ratioReturn relative to average drawdown | 13.12 | 13.16 | -0.04 |
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 | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.22 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.75 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.81 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.68 | +0.08 |
Drawdowns
DGRO vs. IWDA.AS - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, roughly equal to the maximum IWDA.AS drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for DGRO and IWDA.AS.
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Drawdown Indicators
| DGRO | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.10% | -34.11% | -0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -8.39% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -17.83% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -25.94% | +6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.10% | -34.11% | -0.99% |
Current DrawdownCurrent decline from peak | -1.07% | -0.51% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -4.64% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.95% | -0.28% |
Volatility
DGRO vs. IWDA.AS - Volatility Comparison
The current volatility for iShares Core Dividend Growth ETF (DGRO) is 2.32%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a volatility of 2.94%. This indicates that DGRO experiences smaller price fluctuations and is considered to be less risky than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGRO | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 2.94% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 8.59% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.52% | 11.51% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 15.47% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 15.80% | +0.83% |
DGRO vs. IWDA.AS - Expense Ratio Comparison
DGRO has a 0.08% expense ratio, which is lower than IWDA.AS's 0.20% 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. IWDA.AS - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 1.96%, while IWDA.AS has not paid dividends to shareholders.
| 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% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DGRO and IWDA.AS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.20% for IWDA.AS.
DGRO is categorized as Large Cap Growth Equities, while IWDA.AS is Global Equities. DGRO tracks Morningstar US Dividend Growth Index, while IWDA.AS tracks MSCI World Index. Their fees differ too: 0.08% for DGRO and 0.20% for IWDA.AS.
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