DGRO vs. SCHD
Compare and contrast key facts about iShares Core Dividend Growth ETF (DGRO) and Schwab US Dividend Equity ETF (SCHD).
DGRO and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both DGRO and SCHD 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 SCHD.
Key characteristics
| DGRO | SCHD | |
|---|---|---|
| YTD Return | 6.50% | 3.59% |
| 1Y Return | 16.64% | 14.88% |
| 3Y Return (Ann) | 6.15% | 3.84% |
| 5Y Return (Ann) | 11.56% | 12.18% |
| Sharpe Ratio | 1.66 | 1.27 |
| Daily Std Dev | 9.87% | 11.22% |
| Max Drawdown | -35.10% | -33.37% |
| Current Drawdown | -1.81% | -2.95% |
Correlation
The correlation between DGRO and SCHD is 0.95, 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.
Performance
DGRO vs. SCHD - Performance Comparison
In the year-to-date period, DGRO achieves a 6.50% return, which is significantly higher than SCHD's 3.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DGRO vs. SCHD - Expense Ratio Comparison
DGRO has a 0.08% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DGRO vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 2.33%, less than SCHD's 3.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 2.33% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 3.42% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
DGRO vs. SCHD - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DGRO and SCHD. For additional features, visit the drawdowns tool.
Volatility
DGRO vs. SCHD - Volatility Comparison
The current volatility for iShares Core Dividend Growth ETF (DGRO) is 3.02%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.59%. This indicates that DGRO experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.