DGRO vs. LVHI

Last updated Jun 18, 2026

DGRO (iShares Core Dividend Growth ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, DGRO returned 11.42%/yr vs 15.93%/yr for LVHI. A 0.61 correlation means they provide meaningful diversification when combined. DGRO charges 0.08%/yr vs 0.40%/yr for LVHI.

Performance

DGRO vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) and Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRO achieves a 9.00% return, which is significantly lower than LVHI's 12.67% return.

DGRO

• 1D: -1.07%
• 1M: 2.07%
• YTD: 9.00%
• 6M: 9.32%
• 1Y: 23.07%
• 3Y*: 16.05%
• 5Y*: 11.42%
• 10Y*: 13.42%

LVHI

• 1D: -0.39%
• 1M: -0.02%
• YTD: 12.67%
• 6M: 14.30%
• 1Y: 31.32%
• 3Y*: 20.93%
• 5Y*: 15.93%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DGRO vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRO iShares Core Dividend Growth ETF	9.00%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%
LVHI Franklin International Low Volatility High Dividend Index ETF	12.67%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%

Correlation

The correlation between DGRO and LVHI is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016	0.61

The correlation between DGRO and LVHI has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

DGRO vs. LVHI - Sectors Allocation Comparison

Sectors	DGRO	LVHI
Technology	22.0%	0.1%
Financial Services	20.6%	24.1%
Healthcare	16.5%	7.4%
Consumer Defensive	11.1%	8.6%
Industrials	10.4%	13.4%
Utilities	6.4%	10.0%
Consumer Cyclical	5.4%	5.5%
Energy	5.1%	16.6%
Basic Materials	2.4%	6.8%
Communication Services	0.1%	5.8%
Real Estate	-	1.8%

Return for Risk

DGRO vs. LVHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DGRO

DGRO Risk / Return Rank: 80
DGRO Sharpe Ratio Rank: 83
DGRO Sortino Ratio Rank: 86
DGRO Omega Ratio Rank: 80
DGRO Calmar Ratio Rank: 75
DGRO Martin Ratio Rank: 78

LVHI

LVHI Risk / Return Rank: 93
LVHI Sharpe Ratio Rank: 94
LVHI Sortino Ratio Rank: 94
LVHI Omega Ratio Rank: 94
LVHI Calmar Ratio Rank: 91
LVHI Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DGRO vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Franklin International Low Volatility High Dividend Index ETF (LVHI). 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	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	2.43	3.27	-0.84
Sortino ratio: Return per unit of downside risk	3.53	4.48	-0.95
Omega ratio: Gain probability vs. loss probability	1.44	1.62	-0.18
Calmar ratio: Return relative to maximum drawdown	3.58	5.18	-1.60
Martin ratio: Return relative to average drawdown	13.86	21.45	-7.59

DGRO vs. LVHI - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.43, which is comparable to the LVHI Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of DGRO and LVHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DGRO vs. LVHI - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for DGRO and LVHI.

Drawdown Indicators

	DGRO	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-32.31%	-2.79%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-6.08%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-11.99%	-2.04%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-11.99%	-7.32%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	—	—
Current Drawdown Current decline from peak	-1.07%	-0.97%	-0.10%
Average Drawdown Average peak-to-trough decline	-3.43%	-3.51%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.46%	+0.21%

Volatility

DGRO vs. LVHI - Volatility Comparison

iShares Core Dividend Growth ETF (DGRO) and Franklin International Low Volatility High Dividend Index ETF (LVHI) have volatilities of 2.68% and 2.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRO	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.64%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.00%	7.76%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	9.57%	9.62%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	11.09%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	13.75%	+2.88%

DGRO vs. LVHI - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

DGRO vs. LVHI - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.97%, less than LVHI's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.97%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
LVHI Franklin International Low Volatility High Dividend Index ETF	4.73%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%	0.00%

Frequently Asked Questions

Can I hold both DGRO and LVHI in my portfolio?

DGRO and LVHI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DGRO or LVHI?

DGRO has higher volatility (2.68%) compared to LVHI (2.64%). In terms of maximum drawdown, DGRO dropped -35.10% vs LVHI's -32.31%.

Which ETF is better, DGRO or LVHI?

On 5-year performance, LVHI leads with 15.93% vs 11.42% for DGRO. On fees, DGRO is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRO or LVHI?

Over the 5-year period, LVHI has performed better with a 15.93% return vs 11.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRO or LVHI?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.40% for LVHI.

Which ETF pays a higher dividend yield, DGRO or LVHI?

LVHI has the higher dividend yield at 4.73%, compared with 1.97% for DGRO.

What is the main difference between DGRO and LVHI?

DGRO is categorized as Large Cap Growth Equities, while LVHI is Volatility Hedged Equity. DGRO tracks Morningstar US Dividend Growth Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.08% for DGRO and 0.40% for LVHI.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.27 vs 2.43), 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.