DGRO vs. TDVG

Last updated Jun 4, 2026

DGRO (iShares Core Dividend Growth ETF) and TDVG (T. Rowe Price Dividend Growth ETF) are both Large Cap Growth Equities funds. DGRO is passively managed, while TDVG is actively managed. Over the past 5 years, DGRO returned 10.54%/yr vs 10.03%/yr for TDVG. Their correlation of 0.95 suggests significant overlap in exposure. DGRO charges 0.08%/yr vs 0.50%/yr for TDVG.

Performance

DGRO vs. TDVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) and T. Rowe Price Dividend Growth ETF (TDVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRO achieves a 8.76% return, which is significantly higher than TDVG's 7.48% return.

DGRO

• 1D: -0.28%
• 1M: 3.14%
• YTD: 8.76%
• 6M: 8.75%
• 1Y: 22.54%
• 3Y*: 16.99%
• 5Y*: 10.54%
• 10Y*: 13.30%

TDVG

• 1D: -0.19%
• 1M: 3.06%
• YTD: 7.48%
• 6M: 7.57%
• 1Y: 17.02%
• 3Y*: 15.63%
• 5Y*: 10.03%
• 10Y*: —

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

DGRO vs. TDVG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DGRO iShares Core Dividend Growth ETF	8.76%	15.69%	16.62%	10.47%	-7.91%	26.64%	14.20%
TDVG T. Rowe Price Dividend Growth ETF	7.48%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.98%

Correlation

The correlation between DGRO and TDVG is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 6, 2020	0.95

The correlation between DGRO and TDVG has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

DGRO vs. TDVG - Sectors Allocation Comparison

Sectors	DGRO	TDVG
Financial Services	21.2%	19.5%
Technology	19.4%	24.1%
Healthcare	16.4%	12.9%
Consumer Defensive	11.5%	7.1%
Industrials	10.8%	13.6%
Utilities	6.9%	3.9%
Consumer Cyclical	5.7%	7.7%
Energy	5.6%	5.8%
Basic Materials	2.5%	2.9%
Communication Services	0.1%	1.2%
Real Estate	-	1.6%

Return for Risk

DGRO vs. TDVG — Risk / Return Rank

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

DGRO

DGRO Risk / Return Rank: 71
DGRO Sharpe Ratio Rank: 71
DGRO Sortino Ratio Rank: 76
DGRO Omega Ratio Rank: 70
DGRO Calmar Ratio Rank: 69
DGRO Martin Ratio Rank: 71

TDVG

TDVG Risk / Return Rank: 51
TDVG Sharpe Ratio Rank: 51
TDVG Sortino Ratio Rank: 52
TDVG Omega Ratio Rank: 50
TDVG Calmar Ratio Rank: 47
TDVG Martin Ratio Rank: 55

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. TDVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and T. Rowe Price Dividend Growth ETF (TDVG). 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	TDVG	Difference
Sharpe ratio: Return per unit of total volatility	2.39	1.77	+0.62
Sortino ratio: Return per unit of downside risk	3.49	2.54	+0.94
Omega ratio: Gain probability vs. loss probability	1.43	1.32	+0.12
Calmar ratio: Return relative to maximum drawdown	3.50	2.36	+1.14
Martin ratio: Return relative to average drawdown	13.52	9.68	+3.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRO vs. TDVG - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.39, which is higher than the TDVG Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of DGRO and TDVG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DGRO	TDVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	1.77	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.72	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.94	-0.18

Drawdowns

DGRO vs. TDVG - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, which is greater than TDVG's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for DGRO and TDVG.

Drawdown Indicators

	DGRO	TDVG	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-19.20%	-15.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-7.24%	+0.77%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-14.02%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-19.20%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.19%	-0.09%
Average Drawdown Average peak-to-trough decline	-3.44%	-3.76%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.76%	-0.09%

Volatility

DGRO vs. TDVG - Volatility Comparison

iShares Core Dividend Growth ETF (DGRO) and T. Rowe Price Dividend Growth ETF (TDVG) have volatilities of 2.21% and 2.11%, 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	TDVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	2.11%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	6.91%	7.45%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	9.48%	9.67%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	13.91%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	13.93%	+2.69%

DGRO vs. TDVG - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is lower than TDVG's 0.50% expense ratio.

Dividends

DGRO vs. TDVG - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.96%, more than TDVG's 0.98% yield.

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%
TDVG T. Rowe Price Dividend Growth ETF	0.98%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DGRO and TDVG in my portfolio?

With a correlation of 0.92, DGRO and TDVG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DGRO or TDVG?

DGRO has higher volatility (2.21%) compared to TDVG (2.11%). In terms of maximum drawdown, DGRO dropped -35.10% vs TDVG's -19.20%.

Which ETF is better, DGRO or TDVG?

On 5-year performance, DGRO leads with 10.54% vs 10.03% for TDVG. On fees, DGRO is cheaper at 0.08% per year. On volatility, TDVG has been the lower-risk option at 2.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DGRO or TDVG?

Over the 5-year period, DGRO has performed better with a 10.54% return vs 10.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRO or TDVG?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.50% for TDVG.

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

DGRO has the higher dividend yield at 1.96%, compared with 0.98% for TDVG.

What is the main difference between DGRO and TDVG?

They also come from different issuers: iShares and T. Rowe Price. Their fees differ too: 0.08% for DGRO and 0.50% for TDVG.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.39 vs 1.77), 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.