DGRO vs. QARP

Last updated Aug 5, 2026

DGRO (iShares Core Dividend Growth ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while QARP is a Quality Factor fund tracking the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past 5 years, DGRO returned 11.29%/yr vs 12.12%/yr for QARP. Their correlation of 0.89 means they have usually moved in the same direction. DGRO charges 0.08%/yr vs 0.19%/yr for QARP.

Performance

DGRO vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DGRO having a 15.02% return and QARP slightly higher at 15.30%.

DGRO

• 1D: 1.09%
• 1M: 2.42%
• 6M: 10.12%
• YTD: 15.02%
• 1Y: 24.63%
• 3Y*: 17.52%
• 5Y*: 11.29%
• 10Y*: 13.50%
• ALL TIME*: 12.59%

QARP

• 1D: 1.03%
• 1M: 3.67%
• 6M: 10.06%
• YTD: 15.30%
• 1Y: 26.81%
• 3Y*: 18.24%
• 5Y*: 12.12%
• 10Y*: —
• ALL TIME*: 14.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRO iShares Core Dividend Growth ETF	$108.47M	$103.38M	$110.52M
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	$112.54K	$118.75K	$179.32K

DGRO vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DGRO iShares Core Dividend Growth ETF	15.02%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-0.72%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	15.30%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-5.53%

Correlation

The correlation between DGRO and QARP is 0.75, 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.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018	0.89

The correlation between DGRO and QARP shifts across timeframes, from 0.75 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

DGRO vs. QARP - Sectors Allocation Comparison

Sectors	DGRO	QARP
Financial Services	20.4%	12.4%
Healthcare	17.9%	14.0%
Technology	17.3%	24.1%
Consumer Defensive	11.9%	9.5%
Industrials	11.3%	7.9%
Utilities	7.3%	1.9%
Consumer Cyclical	6.5%	9.4%
Energy	4.8%	6.3%
Basic Materials	2.5%	2.5%
Communication Services	0.1%	10.5%
Real Estate	-	1.0%

Return for Risk

DGRO vs. QARP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DGRO

DGRO Risk / Return Rank: 91
DGRO Sharpe Ratio Rank: 93
DGRO Sortino Ratio Rank: 93
DGRO Omega Ratio Rank: 92
DGRO Calmar Ratio Rank: 88
DGRO Martin Ratio Rank: 89

QARP

QARP Risk / Return Rank: 90
QARP Sharpe Ratio Rank: 91
QARP Sortino Ratio Rank: 91
QARP Omega Ratio Rank: 90
QARP Calmar Ratio Rank: 86
QARP Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DGRO vs. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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	QARP	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.53	+0.07
Sortino ratio: Return per unit of downside risk	3.77	3.55	+0.22
Omega ratio: Gain probability vs. loss probability	1.48	1.46	+0.02
Calmar ratio: Return relative to maximum drawdown	3.83	3.71	+0.12
Martin ratio: Return relative to average drawdown	14.91	16.59	-1.69

DGRO vs. QARP - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.60, which is comparable to the QARP Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of DGRO and QARP, 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. QARP - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, roughly equal to the maximum QARP drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for DGRO and QARP.

Drawdown Indicators

	DGRO	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-35.44%	+0.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-7.26%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-15.65%	+1.62%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-22.75%	+3.44%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.40%	-4.37%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.62%	+0.04%

Volatility

DGRO vs. QARP - Volatility Comparison

iShares Core Dividend Growth ETF (DGRO) has a higher volatility of 3.05% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 2.79%. This indicates that DGRO's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRO	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	2.79%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	8.20%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	9.58%	10.70%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	15.53%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	19.51%	-2.92%

DGRO vs. QARP - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is lower than QARP's 0.19% 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. QARP - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.87%, more than QARP's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.87%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.00%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGRO and QARP in my portfolio?

DGRO and QARP have a correlation of 0.75, 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 QARP?

DGRO has higher volatility (3.05%) compared to QARP (2.79%). In terms of maximum drawdown, DGRO dropped -35.10% vs QARP's -35.44%.

Which ETF is better, DGRO or QARP?

On 5-year performance, QARP leads with 12.12% vs 11.29% for DGRO. On fees, DGRO is cheaper at 0.08% per year. On volatility, QARP has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRO or QARP?

Over the 5-year period, QARP has performed better with a 12.12% return vs 11.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRO or QARP?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.19% for QARP.

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

DGRO has the higher dividend yield at 1.87%, compared with 1.00% for QARP.

What is the main difference between DGRO and QARP?

DGRO is categorized as Large Cap Growth Equities, while QARP is Quality Factor. DGRO tracks Morningstar US Dividend Growth Index, while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.08% for DGRO and 0.19% for QARP.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.60 vs 2.53), 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.