DGRO vs. VIG

Last updated Aug 5, 2026

DGRO (iShares Core Dividend Growth ETF) and VIG (Vanguard Dividend Appreciation ETF) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, DGRO returned 13.50%/yr vs 13.16%/yr for VIG. Their 0.96 correlation means they have historically moved very closely together. DGRO charges 0.08%/yr vs 0.04%/yr for VIG.

Performance

DGRO vs. VIG - Performance Comparison

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

Returns By Period

In the year-to-date period, DGRO achieves a 15.02% return, which is significantly higher than VIG's 11.89% return. Both investments have delivered pretty close results over the past 10 years, with DGRO having a 13.50% annualized return and VIG not far behind at 13.16%.

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%

VIG

• 1D: 1.57%
• 1M: 2.22%
• 6M: 9.14%
• YTD: 11.89%
• 1Y: 19.88%
• 3Y*: 16.42%
• 5Y*: 10.81%
• 10Y*: 13.16%
• ALL TIME*: 10.33%

*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
VIG Vanguard Dividend Appreciation ETF	$242.89M	$243.97M	$261.55M

DGRO vs. VIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRO iShares Core Dividend Growth ETF	15.02%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%
VIG Vanguard Dividend Appreciation ETF	11.89%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%

Correlation

The correlation between DGRO and VIG is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.96

The correlation between DGRO and VIG has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

DGRO vs. VIG - Sectors Allocation Comparison

Sectors	DGRO	VIG
Financial Services	20.4%	20.3%
Healthcare	17.9%	17.8%
Technology	17.3%	26.9%
Consumer Defensive	11.9%	9.2%
Industrials	11.3%	11.9%
Utilities	7.3%	3.0%
Consumer Cyclical	6.5%	4.5%
Energy	4.8%	3.0%
Basic Materials	2.5%	3.4%
Communication Services	0.1%	0.5%
Real Estate	-	-

Return for Risk

DGRO vs. VIG — 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

VIG

VIG Risk / Return Rank: 74
VIG Sharpe Ratio Rank: 78
VIG Sortino Ratio Rank: 79
VIG Omega Ratio Rank: 77
VIG Calmar Ratio Rank: 65
VIG Martin Ratio Rank: 73

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. VIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) and Vanguard Dividend Appreciation ETF (VIG). 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	VIG	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.98	+0.62
Sortino ratio: Return per unit of downside risk	3.77	2.85	+0.92
Omega ratio: Gain probability vs. loss probability	1.48	1.36	+0.12
Calmar ratio: Return relative to maximum drawdown	3.83	2.52	+1.30
Martin ratio: Return relative to average drawdown	14.91	10.26	+4.64

DGRO vs. VIG - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.60, which is higher than the VIG Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of DGRO and VIG, 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. VIG - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, smaller than the maximum VIG drawdown of -46.81%. Use the drawdown chart below to compare losses from any high point for DGRO and VIG.

Drawdown Indicators

	DGRO	VIG	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-46.81%	+11.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-7.91%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-14.95%	+0.92%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-20.39%	+1.08%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	-31.72%	-3.38%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.40%	-5.47%	+2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.94%	-0.28%

Volatility

DGRO vs. VIG - Volatility Comparison

iShares Core Dividend Growth ETF (DGRO) and Vanguard Dividend Appreciation ETF (VIG) have volatilities of 3.05% and 2.99%, 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	VIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	2.99%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	7.71%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	9.58%	10.17%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	14.22%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	16.03%	+0.56%

DGRO vs. VIG - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is higher than VIG's 0.04% 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%.

Dividends

DGRO vs. VIG - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.87%, more than VIG's 1.47% 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%
VIG Vanguard Dividend Appreciation ETF	1.47%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both DGRO and VIG in my portfolio?

With a correlation of 0.90, DGRO and VIG 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 VIG?

DGRO has higher volatility (3.05%) compared to VIG (2.99%). In terms of maximum drawdown, DGRO dropped -35.10% vs VIG's -46.81%.

Which ETF is better, DGRO or VIG?

On 10-year performance, DGRO leads with 13.50% vs 13.16% for VIG. On fees, VIG is cheaper at 0.04% 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 VIG?

Over the 10-year period, DGRO has performed better with a 13.50% return vs 13.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DGRO or VIG?

VIG is cheaper with a 0.04% expense ratio, compared with 0.08% for DGRO.

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

DGRO has the higher dividend yield at 1.87%, compared with 1.47% for VIG.

What is the main difference between DGRO and VIG?

DGRO is categorized as Large Cap Growth Equities, while VIG is Dividend. DGRO tracks Morningstar US Dividend Growth Index, while VIG tracks S&P U.S. Dividend Growers Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.08% for DGRO and 0.04% for VIG.

Which has better risk-adjusted returns?

DGRO currently has the higher Sharpe Ratio (2.60 vs 1.98), 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.