DGRO vs. UTG
DGRO (iShares Core Dividend Growth ETF) is Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while UTG (Reaves Utility Income Trust) is a stock. Over the past 10 years, DGRO returned 13.52%/yr vs 10.23%/yr for UTG. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
DGRO vs. UTG - Performance Comparison
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Returns By Period
In the year-to-date period, DGRO achieves a 9.86% return, which is significantly lower than UTG's 13.63% return. Over the past 10 years, DGRO has outperformed UTG with an annualized return of 13.52%, while UTG has yielded a comparatively lower 10.23% annualized return.
DGRO
- 1D
- 0.69%
- 1M
- 3.74%
- YTD
- 9.86%
- 6M
- 9.27%
- 1Y
- 22.26%
- 3Y*
- 16.74%
- 5Y*
- 10.82%
- 10Y*
- 13.52%
UTG
- 1D
- 1.59%
- 1M
- -4.80%
- YTD
- 13.63%
- 6M
- 13.46%
- 1Y
- 23.56%
- 3Y*
- 22.50%
- 5Y*
- 10.71%
- 10Y*
- 10.23%
DGRO vs. UTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 9.86% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
UTG Reaves Utility Income Trust | 13.63% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
Correlation
The correlation between DGRO and UTG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.52 |
The correlation between DGRO and UTG shifts across timeframes, from 0.40 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DGRO vs. UTG — Risk / Return Rank
DGRO
UTG
DGRO vs. UTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Reaves Utility Income Trust (UTG). 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 | UTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.24 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.04 | +1.41 |
| Martin ratioReturn relative to average drawdown | 13.36 | 4.45 | +8.92 |
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Drawdowns
DGRO vs. UTG - Drawdown Comparison
The maximum DGRO drawdown since its inception was -35.10%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for DGRO and UTG.
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Drawdown Indicators
| DGRO | UTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.10% | -67.77% | +32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -11.59% | +5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -15.03% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -26.54% | +7.23% |
Max Drawdown (10Y)Largest decline over 10 years | -35.10% | -47.91% | +12.81% |
Current DrawdownCurrent decline from peak | 0.00% | -6.18% | +6.18% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -8.74% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 5.31% | -3.63% |
Volatility
DGRO vs. UTG - Volatility Comparison
The current volatility for iShares Core Dividend Growth ETF (DGRO) is 2.64%, while Reaves Utility Income Trust (UTG) has a volatility of 6.31%. This indicates that DGRO experiences smaller price fluctuations and is considered to be less risky than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGRO | UTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 6.31% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 13.12% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.59% | 16.96% | -7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 16.87% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 21.61% | -4.99% |
Dividends
DGRO vs. UTG - Dividend Comparison
DGRO's dividend yield for the trailing twelve months is around 1.94%, less than UTG's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.94% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
UTG Reaves Utility Income Trust | 5.86% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Frequently Asked Questions
DGRO and UTG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTG has higher volatility (6.31%) compared to DGRO (2.64%). In terms of maximum drawdown, DGRO dropped -35.10% vs UTG's -67.77%.
DGRO currently has the higher Sharpe Ratio (2.34 vs 1.40), 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.
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